360pi to provide competitive pricing intelligence for exact and like products in hundreds of regional zones.
Ottawa, Canada – October 20, 2014 – 360pi, the leader in retail price and product intelligence, today announced it welcomes True Value Company into their growing family of high profile retailer clients. True Value, operating in thousands of communities through a number of store brands, is one of the world’s largest retailer-owned hardware cooperatives. Localized value proposition, exceptional service, and quality products make up the recipe to success of this home improvement giant, totalling nearly $2 billion in gross billings.
The home renovation market is a complex landscape of national and private brands as well as unbranded products. 360pi will provide True Value with competitive pricing intelligence spanning 50,000 branded and unbranded products over hundreds of regional zones. This improved visibility into the competitive landscape will help True Value keep and increase its competitive edge within local markets and drive conversions and revenue.
Following an extensive bidding process, True Value selected to replace their existing solution with the 360price and 360comparables products based on an excellent industry reputation and 360pi’s experience working with private labels and pricing zones.
“360pi understands our business and were able to provide the insights we need, when we need them,” said Ken Goodgame, senior vice president and chief merchandising officer at True Value. “360pi helps our category managers make timely and well-informed pricing decisions. We are now even better positioned to play in the highly competitive and localized home renovations market.”
“True Value is an innovative and dynamic company and we are honored to be selected to be a part of their success story,” said Alexander Rink, CEO of 360pi. “In the increasingly price transparent and omnichannel home renovation market, True Value has made an important step by empowering their team with timely and profitable competitive insights.”
360pi derives profitable insights from product and pricing big data to help leading omnichannel retailers, etailers, and manufacturers compete and win in a price transparent world. 360pi’s customer base accounts for over $US100 billion in annual retail sales and includes Ace Hardware, Build.com, Overstock.com, and RIS Fusion award-winner Best Buy Canada. 360pi monitors millions of products with unprecedented accuracy to give retailers and manufacturers real-time visibility into the market with full awareness of the competitive pricing landscape to “right price” for their respective customers. Ultimately, 360pi helps customers make smarter pricing decisions to drive increased revenues and margins.
About True Value
True Value Company, based out of its Retail Support Center in Chicago, is one of the world’s largest retailer-owned hardware cooperatives. The True Value cooperative represents independent retailer locations worldwide with retail sales in their communities totalling approximately $5.5 billion. Store identities include True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply. Additional information on True Value Company and its retail identities is available at www.truevaluecompany.com.
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