Best Buy Adds DemandTec Tool
Best Buy has made a deal to add the retail tool DemandTec Markdown, which will help the retail giant manage price and inventory levels for its products. The tools are expected to be available in all 600 of Best Buy’s domestic stores.
“This agreement demonstrates the commitment Best Buy and DemandTec share to drive superior value for the consumer as well as positive business results,” DemandTec’s CEO, Dan Fishback, said in a statement.
The deal represents a move into electronics for DemandTec; RadioShack is the only other major CE retail chain that uses the company’s demand management software.