US shoppers spent a record $1.74 billion on Cyber Monday according to ComScore, with IBM's Digital Analytics Benchmark reporting that online sales were up 20.6 percent over 2012. Amazon UK said it sold 4.1 million items on Cyber Monday compared to 3.5 million items last year, making it
the retailer’s biggest shopping day ever.
New research from global market research company Nielsen has shown that the right price often makes the difference between a sale and a switch. Their analysis has revealed that offering the best price is the most persuasive way of motivating shoppers to switch their loyalty to another brand or retailer, with switching sentiment highest for online retailers.
Retail analyst IGD has predicted that under the new leadership of Doug McMillon as CEO at Walmart, a number of key initiatives will be accelerated - with a focus on price leadership one of the retailer's top priorities in 2014.
Consumer electronics retailer Best Buy has vowed to beat the competition this holiday season by pricing aggressively
to keep pace with rivals Amazon and Walmart. With six fewer shopping
days between Thanksgiving and Christmas this year, the retail
environment is set to be more competitive than ever.
Analysis from price intelligence firm Profitero today reveals that Amazon UK implemented
just over 50,000 daily price changes at the beginning of May before
peaking at more than 415,000 price changes by the middle of October. This dramatic increase in the number of daily price changes demonstrates why retailers need to be monitoring their online competitors' prices every day in order to stay price competitive this holiday season and beyond.
For the first time, CPG manufacturers have ranked Amazon amongst the top 10 retailers in this year's Kantar Retail PoweRanking study. The survey benchmarks how trading partners view each other in the manufacturer-retailer relationship, with Amazon recognised as a future Power Retailer.
A new report from Forrester has predicted that web-influenced retail sales will reach $1.8 trillion by 2017, up from $1.2 trillion in 2012. The research reveals that the categories that will be most influenced by internet research in the next five years will be grocery, apparel, home improvement and consumer electronics.
According to the latest IMRG Capgemini e-Retail Sales Index, UK online retail sales are expected to break through the £10 billion barrier for the first time in December as more and more consumers choose to do their Christmas shopping online. However these last few weeks will be critical for retailers as shoppers hold out for the best prices - so monitoring online competitor prices every day will be key.
Profitero customer Ocado has revealed that it expects to sign a significant number of joint ventures with retailers outside of the UK, mirroring the deal the online grocer announced earlier this year with Morrisons.
Ocado's Low Price Promise, powered by Profitero pricing data, has resulted in Ocado attracting more customers than ever before and growing sales.
A new report has revealed that 11 percent of US shoppers regularly purchase some grocery products online, with online grocery shopping forecast to rise to 17 percent of total grocery shopping within the next decade - driven by affluent and young shoppers who account for one fifth of all US grocery consumers.
Online grocery sales are expected to double by 2016 in the UK, France, Germany, Switzerland and the Netherlands according to latest figures from IGD. The research group predicts that online will continue to accelerate at a rapid
pace globally as retailers and
manufacturers continue to invest in their multichannel operations.
Latest figures from IGD's ShopperVista panel reveals that almost a third of shoppers now go online to find which stores offer the best grocery deals. This compares to just 6% of shoppers in 2010, illustrating just how competitive grocery retail has become - and why price is key to attract today's savvy shopper.
Walmart, the world's largest retailer, has announced that it is adding Denver as a test market for same-day delivery of groceries ordered online. This move follows the launch of AmazonFresh earlier this year, with both retailers battling for a share of the fast emerging US online grocery market.
Consumer spending in the UK is forecast to reach £88 billion this Christmas, with online sales accounting for 13% of overall spend. Indeed, one in five of us are planning to buy all our gifts online. Good news for retailers who can take advantage of the surge in Christmas spending, however staying competitive on price will be more critical than ever to appeal to this year's value-driven shopper.
As eCommerce extends into mobile, increasing numbers of hyperconnected shoppers are making smartphones a regular part of their purchasing processes. A study from Havas Worldwide illustrates that more and more of us no longer see a distinction between online and offline. Shopping anytime/anywhere is simply part of where and how we live.
Staples, the world's second largest retailer by online sales, selects Profitero's pricing intelligence service across multiple European countries after evaluating several other price monitoring solutions in the marketplace.