The DemandTec Retail Challenge for high school seniors which was held in the Duluth / Superior region for the first time this fall because of sponsorship from maurices culminated Thursday evening with the top three teams in terms of profit presenting their pricing and promotional strategies to a panel of judges from DemandTec and maurices at the Labovitz School of Business and Economics.
The winning team of Kylee Borash and Steve Holappa were presented with scholarships of $2,500 each sponsored by maurices (reference photo). The second place team of Zane Grey and Nathan Hubert each received scholarships of $750.00 and the third place team of Erina Quinn and Christian Coffman each received scholarships of $250.
The DemandTec Retail Challenge originated in 2005 and its goal is to present math, science and business concepts creatively through an online simulation giving students a taste of how retailers and consumer products manufacturers make pricing, promotion and inventory decisions. Students compete to win scholarships to further their education and for a chance to participate in the Grand Championships and the opportunity to ring the NASDAQ OMX Stock Market closing bell on January 17, 2012 in New York City.
The regional competition was conducted over ten business days at the end of October with twenty-one teams from area high schools participating in the Duluth/Superior region. During the competition period, students will access information each day via the competition portal. The top three regional teams were selected based on the profits achieved during the competition period. The three teams included students from Harbor City International, Hermantown, East and Marshall high schools.
The Duluth / Superior region had twenty – one teams of high school seniors participate during the two week online competition period.