Family Dollar Renews Multi-Year Software Agreement With Revionics

  Family Dollar Renews Multi-Year Software Agreement With Revionics

   Renewal agreement focuses on cutting-edge solutions to enhance customer
                     loyalty, profits and competitiveness

Business Wire

ROSEVILLE, Calif. -- February 5, 2013

Revionics, Inc., the leading provider of End-to-End Merchandise Optimization
solutions, announced today that Family Dollar Stores, Inc. (FDO), one of the
fastest-growing discount retail chains in the country, is renewing its
software contract with Revionics. This renewal agreement will extend Family
Dollar’s services with Revionics® Price Optimization. Family Dollar will be
leveraging Revionics’ solutions in each of its more than 7,600 stores in 45
states.

“As one of the fastest growing discount retailers in the United States, we
rely on our partners to deliver innovation to support our growth and success
so that we can focus on providing more value to our customers,” said Mike
Bloom, Family Dollar President and COO. “Over the past three years, Revionics
has proven that they are a great partner for Family Dollar through their
cutting-edge technology and pricing analytics that protects our strong value
perception while assisting us to improve our profitability.”

After an extensive search in 2009, Family Dollar selected Revionics® Price
Optimization for base-price management and optimization as part of their
merchandising initiative, Project Accelerate, which focused on a merchandising
transformation in pricing, space productivity, assortment planning, and
workflow capabilities. For this major initiative, Revionics’ solution provided
Family Dollar  with sophisticated price optimization software to support their
market growth plans, expanded product mix and shopper-centric Everyday Day
Value Pricing (EDVP). In addition, Revionics is helping Family Dollar balance
competitive and value-based pricing with profitability.

“We are extremely excited to renew and expand our partnership with Family
Dollar,” said Marc Hafner, President and CEO of Revionics. “We are very proud
to have helped Family Dollar offer extremely competitive and ‘value-based’
pricing to their customers and look forward to helping them maximize inventory
value, increase value perception, brand awareness and loyalty with our Life
Cycle Price Optimization solutions.”

About Revionics, Inc.

Revionics delivers the industry’s most powerful End-to-End Merchandise
Optimization solution, enabling retailers of all sizes to execute a fact-based
Omni-channel merchandising strategy utilizing the most comprehensive set of
shopper demand signals to enhance financial performance with improved customer
satisfaction. Revionics’ solutions leverage advanced predictive analytics and
demand-based science to ensure retailers have the right product, price,
promotion, placement and space allocation for optimal results across all touch
points in the Omni-channel shopping episode – online, in-store, social and
mobile.Offered on a scalable, high performance Cloud-based SaaS platform,
these solutions future-proof retailers from Big Data/Fast Data challenges,
while providing speed-to-ROI. Over 31,000 retail locations and $95B in annual
revenue across grocery, drug, building materials, convenience, general
merchandise, discount, sporting goods stores and eCommerce sites optimize with
Revionics’ solutions. Revionics has been recognized as a 2012 Deloitte
Technology Fast 500™, Red Herring Top 100 Global, Red Herring Top 100 Americas
and JMP Securities’ Hot 100 Software Company. For more information, please
visit www.revionics.com.

About Family Dollar

Beginning with one store in Charlotte, North Carolina, in 1959, the Company
currently operates more than 7,600 stores in 45 states. Family Dollar Stores,
Inc., a Fortune 300 company, is based in Matthews, North Carolina, just
outside of Charlotte and is a publicly held company with common stock traded
on the New York Stock Exchange under the symbol FDO. For more information,
please visit www.familydollar.com.

Contact:

Revionics, Inc.
Karen Dutch, +1 916-865-5394
Senior Vice President of Marketing
kdutch@revionics.com
 
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