Today’s retail landscape is rapidly evolving. With access to anytime/anywhere information via their smartphones, shoppers have unprecedented visibility into product and pricing information. This infographic outlines the 3 key reasons why online retail price intelligence matters for every retailer – whether you sell online or not.
Why Online Retail Price Intelligence Matters
1. 50% of retail sales are digitally influenced, set to increase to 90% by 2019. [Tweet This Stat]
2. 84% of shoppers use smartphones in-store to check prices. [Tweet This Stat]
3. 56% of US retailers view consumer price sensitivity as a key business challenge. [Tweet This Stat]
4. Amazon makes more than 2.5 million price changes every day. [Tweet This Stat]
5. eCommerce is driving overall US retail sales, with expected growth of 15.5% in 2014. [Tweet This Stat]
6. Don’t leave your pricing to chance – Profitero collects data on 250 million online prices every day. [Tweet This Stat]
Insights into your competitors’ online prices is key to staying price competitive. Request a demo today to find out how Profitero can help you navigate the new retail environment. And if you’re already considering a price intelligence solution, be sure to read our latest White Paper “Five Questions To Ask When Selecting a Price Intelligence and MAP Monitoring Solution”.
About Profitero
Profitero collects online data on more than 250 million products every day, delivering global online insights and eCommerce intelligence to the world’s biggest retailers and brands.
We provide both brick & mortar and online retailers with their competitors’ prices, promotions and full product assortment information. More than 50 global retailers, including Staples, Waitrose, Ocado, Morrisons, Walmart-owned Sam’s Club and Worten, rely on Profitero’s accurate and timely competitor price intelligence to make better informed and more profitable pricing decisions, helping them to increase sales as well as margins.
Profitero also supplies brands with critical online insights, helping to enhance their online sales and market positioning. We deliver key online metrics, including share of online shelf, share of voice, pricing, brand price monitoring and new product monitoring, in any country and from any online or multichannel retailer, updated every day.
