Category Archives: Competitive Pricing Intelligence

Is Your Real Competition The Competition — Or The Marketplace?

Businessman Hand Working With New Modern Computer And Business SuccessThis is about how insightful competitive intelligence ensures your business agility. Competitive Intelligence expert, Benjamin Gilad, in a recent article about competitive strategy in the Harvard Business Review (HBR), said businesses are mistaken if they think that competition is about, well, only about their competition. Rather, he points out, c...
Read More | Comments Off on Is Your Real Competition The Competition — Or The Marketplace?

How Price Intelligence Can Help Retailers Win Nearly Every Poker Pot

When I talk with prospects about choosing the best pricing intelligence solutions, I tell them to visualize a poker game where they win the pot regularly and consistently. As you know, in the game of Poker, you are dealt a certain set of cards on which you must base your bidding. You bet on whether you think you have the best hand and then compete ...
Read More | Comments Off on How Price Intelligence Can Help Retailers Win Nearly Every Poker Pot

Vendors: If You Have A Product True… Amazon May Go To School On You… And Sell It Too!

While performing competitive research for its own clients, retail intelligence leader Upstream Commerce noted that Amazon was likely following its marketplace vendors’ product success, when, within twelve short weeks, Amazon had picked up and sold 25% of important women’s clothing items that were first introduced by its own marketplace vendors! ...
Read More | Comments Off on Vendors: If You Have A Product True… Amazon May Go To School On You… And Sell It Too!

Does Amazon Eye Its Own Marketplace Vendors’ Best Sellers?

“In an ideal business world, any vendor would love to know in advance which products are going to become best sellers… so if another retailer, in this case, Amazon, tracks its own marketplace vendors’ product success and then decides, on short notice, to sell those products itself, what would this tell you?” Well, recent research that Upstream Com...
Read More | Comments Off on Does Amazon Eye Its Own Marketplace Vendors’ Best Sellers?

Upstream Commerce Unveils New Predictive Pricer™ Price Optimization Solution

UC logo 200 x 190Global retail intelligence leader Upstream Commerce offers SaaS-based intelligence and analytics solutions that transform the way retailers price, select merchandise and manage products in order to maximize sales and optimize margins. Today, at SHOP.ORG’s 2014 SUMMIT, Upstream Commerce unveiled their new Predictive Pricer™ price optimization solu...
Read More | Comments Off on Upstream Commerce Unveils New Predictive Pricer™ Price Optimization Solution

Dynamic Pricing: What should you do if your competitors change prices every hour — or even every minute?

Editor’s Note: We recently received some great questions on our Competitive Pricing For Online Retail LinkedIn Group Site — worth sharing with our wider audience. Questions such as: 1. What should you do if your competitors change prices every hour or even every minute (i.e. dynamic pricing)? 2. When performing competitive intelligence, how can yo...
Read More | Comments Off on Dynamic Pricing: What should you do if your competitors change prices every hour — or even every minute?

The Magic Formula For Competitive Retail Profit

The Magic Formula For Competitive Retail Profit is: “Price better.” Whether you have 80 or 80,000 products, the proper strategic pricing adjustment can help you capture revenue that you’re leaving on the table. If you raise prices 10% and your volume drops 20%, you’re in trouble. But if you raise prices and your volume only drops 5%, you’r...
Read More | Comments Off on The Magic Formula For Competitive Retail Profit

10 Important Reasons Retailers Should Monitor MAP (Minimum Advertised Price) Violations

Are your competitors violating MAP agreements to the detriment of YOUR bottom line? As you know, Minimum Advertised Price or MAP — emphasis on the word “Advertised” — is a supplier / manufacturer pricing policy (with legal ramifications), not permitting resellers to advertise a product for prices below a certain specified amount.* Violations of MA...
Read More | Comments Off on 10 Important Reasons Retailers Should Monitor MAP (Minimum Advertised Price) Violations

Retailers’ Survival Guide To Price Optimization

Although the stated position of RSR Research is “to focus on the business challenges and opportunities that technologies can address rather than on the technologies themselves,” the RSR researchers couldn’t resist observing, in the conclusion to their recent pricing survey, the Pricing Paradox, that, “failing to use the proven science behind price...
Read More | Comments Off on Retailers’ Survival Guide To Price Optimization

25 Ways Your Retail Competitors Are Poised To Increase Their Pricing Power

As retailers jockey for position in the competitive marketplace, tactics and strategies that didn’t exist yesterday are mainline today — and will be history tomorrow. Customer, product, supply, assortment, marketing, social, omni-channel, you-name-it. Once a product exists, EVERYTHING revolves around that product, i.e. pricing, price competition an...
Read More | Comments Off on 25 Ways Your Retail Competitors Are Poised To Increase Their Pricing Power

5 Vital Questions Every Retailer Should Ask When Choosing Their Retail Intelligence Solutions

A funny thing happened to me at the eTail West conference in San Antonio, Texas earlier this month: I realized that many retailers don’t fully appreciate the vast differences in the capabilities and offerings of “pricing intelligence” providers. Many of the folks with whom I spoke seemed to think that there are a number of vendors, all doing and of...
Read More | Comments Off on 5 Vital Questions Every Retailer Should Ask When Choosing Their Retail Intelligence Solutions

10 Commandments Of Price Optimization Retailers Don’t Want Their Competitors To Know

Vince Lombardi, inveterate coach of the Green Bay Packers was very tough — and very successful. He had a lot of wise sayings. The most important thing he ever told his teams was: “Winning is...
Read More | Comments Off on 10 Commandments Of Price Optimization Retailers Don’t Want Their Competitors To Know

Find Out How One Retailer Widened Its Pricing Gap Over Amazon By More Than 25%

While news of Amazon’s demise would certainly be greatly exaggerated, several recent stories in the Wall Street Journal by writer Tom Gara suggest that Amazon is losing its pricing edge. (Amazon Losing Its Price Edge — Lower prices and price wars with Amazon; Problem for Bezos: Mall Becoming Cheaper Than Amazon; and Live From the Front Lines of the...
Read More | Comments Off on Find Out How One Retailer Widened Its Pricing Gap Over Amazon By More Than 25%