SAN MATEO, Calif., May 27 /PRNewswire-FirstCall/ -- DemandTec, Inc. (Nasdaq: DMAN), a leading provider of on-demand optimization solutions for retailers and consumer products companies, today announced that Grupo Pao de Acucar, a division of Companhia Brasileira de Distribuicao (NYSE: CBD; BOVESPA: PCAR5 (PNA) and the largest retail group in Brazil, has renewed its subscription to DemandTec's Everyday Price Optimization software service.
A DemandTec customer since 2007, Grupo Pao de Acucar operates hundreds of stores across a variety of store formats and serves an economically diverse set of shoppers. With DemandTec's advanced analytical capabilities, Grupo Pao de Acucar has enabled its business users to execute more effective pricing strategies. Using DemandTec's Everyday Price Optimization software service, Grupo Pao de Acucar automates the process of planning and optimizing its pricing activities.
"DemandTec provides us with the competitive edge to serve an extremely diverse shopper base with more localized pricing strategies," said Hugo Bethlem, Executive Vice President and Chief Supply Chain Officer at Grupo Pao de Acucar. "Thus far, we've been able to drive improved financial results and price image with our shoppers."
Everyday Price Optimization is a component service of DemandTec Lifecycle Price Optimization™, a comprehensive solution for managing and optimizing pricing across the entire store. The solution, which also includes the Promotion Optimization and Markdown Optimization software services, enables retailers to understand, predict and influence consumer demand in order to achieve financial and price image objectives.
"The retail industry as a whole is a challenging one with stiff competition driving the need to find new and innovative ways to propel revenues and margins. Grupo Pao de Acucar is recognized by the industry as a leader in what is a highly competitive and economically diverse Brazilian retail environment. We very much look forward to continuing our relationship with the company and to better serving the needs of Brazilian shoppers," said Dan Fishback, President and Chief Executive Officer of DemandTec.
All DemandTec software services, including Everyday Price Optimization, are delivered through the DemandTec TradePoint Network™, an Internet-based platform connecting all DemandTec software services used by retailers and their suppliers to collaborate on pricing, promotion, assortment, and other decisions. There are approximately 10,000 retailer and manufacturer end-users on the DemandTec TradePoint Network, who have collaborated on over 3 million trade deals to date.
About Grupo Pao de Acucar
Companhia Brasileira de Distribuicao, together with its subsidiaries, operates as a retailer and wholesaler of food products, bazaar articles, clothing, home appliances, and other products through its chain of hypermarkets, supermarkets, specialized and department stores, convenience stores, and the Internet in Brazil. The company operates its stores under the Pao de Acucar, CompreBem, Extra, Extra Eletro, Extra Perto, Extra Facil, Extra.com, Sendas, Assai, and Ponto Frio e PontoFrio.com names. As of December 31, 2009, it operated 1,080 stores. The company was founded in 1948 and is headquartered in Sao Paulo, Brazil.
DemandTec (NASDAQ: DMAN) enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, shopper loyalty, and profitability objectives. DemandTec software services utilize DemandTec's science-based software platform to model and understand consumer behavior. DemandTec customers include more than 230 leading retailers and consumer products manufacturers such as Ahold USA, Best Buy, ConAgra Foods, Delhaize America, General Mills, H-E-B Grocery Co., Hormel Foods, Monoprix, PETCO, Safeway, Sara Lee, Target, The Home Depot, Wal-Mart and WH Smith. Connected via the DemandTec TradePoint Network™, DemandTec customers have collaborated on over 3.0 million trade deals. For more information, please visit www.demandtec.com.
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Armen Najarian, DemandTec, Inc.
Tim Shanahan, DemandTec, Inc.
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