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Retail Intelligence: Retailers to invest £5 billion in omnichannel in the next 5 years

24 May 2013 | Profitero

According to a survey of UK and US retailers' boards, retailers are now spending the equivalent of 3% of their annual turnover on omnichannel with non-food retailers set to invest £5 billion in the next five years in developing omnichannel operations.

Pricing Intelligence: Why zonal pricing is a reality for multichannel retail

22 May 2013 | Profitero

Zonal pricing is the process of setting prices for goods and services based on the location where they will be offered for sale to consumers. Such practice has long been commonplace in bricks and mortar, but as e-commerce becomes ever more competitive, offering different prices based on a user's location is a trend that's only set to increase.

Pricing Intelligence: Shoppers expect same pricing, discounts and sales across all shopping channels

21 May 2013 | Profitero

A new survey from business consultancy SDL reveals that 69% of consumers polled expect in-store, online and mobile apps to offer the same pricing, discounts and sales. The survey looked at the mobile and social media habits of consumers in the US, UK, Australia and Singapore, and also found that 77% of respondents confirm they regularly 'showroom'.

Retail Intelligence: Morrisons signs 25-year deal with Ocado

17 May 2013 | Profitero

Morrisons has confirmed its entry into online grocery after striking a 25-year deal with Internet grocer Ocado, a Profitero customer. Morrisons, the last of the big five supermarkets not to offer online shopping, has said that its online grocery service will launch by January 2014 and will be Morrisons branded.

Pricing Intelligence: Walkers and Muller are the most promoted FMCG brands in the UK

16 May 2013 | Profitero

Kantar Worldpanel recently published its first barometer of the UK's most chosen FMCG brands: those brands that are being bought by the most consumers, the most often. Profitero Pricing Intelligence analysed 10 of these brands - Warburtons, Heinz, Walkers, Hovis, McVities, Bird's Eye, Muller, McCain, Fox's and Flora - to determine how these brands are being promoted at the 5 leading online supermarkets, and which supermarkets are running the highest number of promotions.

Competitor Intelligence: Amazon launches coins virtual currency

15 May 2013 | Profitero

Amazon's new digital currency, the Amazon Coin, is now live in the US and on launch, the web giant announced that it would put $5 worth of the currency - equivalent to 500 Coins - into all Kindle Fire users' accounts to use on apps and in-app purchases. Amazon says this is the equivalent to 'tens of millions of dollars' worth of Amazon Coins.

America's largest home furnishings store Nebraska Furniture Mart selects Profitero as its competitive pricing solution

14 May 2013 | Profitero

Profitero, the global leader in competitive pricing intelligence, today announced that Nebraska Furniture Mart, America's largest home furnishings store, has selected Profitero for its competitive pricing solution. Profitero is the most advanced pricing technology in the industry, monitoring the retail prices of millions of products and providing retailers with transparency across thousands of major retail websites.

Retail Intelligence: How retailers can exploit the growing trend of showrooming

10 May 2013 | Profitero

An IBM Institute for Business Value survey of more than 26,000 shoppers across 14 countries reveals how today's empowered consumer is becoming increasingly comfortable purchasing through multiple retail channels. The study reveals three important trends: store dominance shifts in an omnichannel world, 'showroomers' are influential and can create a big impact, and consumers are hungry for meaningful retail connection points.

Pricing Intelligence: Profitero launches Weekly Supermarket Basket and Promo Tracker

9 May 2013 | Profitero

Profitero, the leader in competitive pricing intelligence, today launches its Weekly Supermarket Basket and Promo Tracker, which compares the prices of 35 everyday branded household items across the 5 leading online grocers: Tesco, Sainsbury's, Waitrose, Ocado and Asda, as well as the number of promotions.

Competitor Intelligence: Coca Cola is the world's most popular FMCG brand, Warburtons the most popular UK FMCG brand

8 May 2013 | Profitero

Kantar Worldpanel has revealed that Coca Coca is the strongest global FMCG brand, whilst Warburtons is the most popular UK brand. The beverages drink manufacturer leads the first ever ranking of the most popular FMCG brands - those brands bought by the most consumers, most often. The Kantar Worldpanel Brand Footprint ranking shows that Coca Cola is chosen 5.3 billion times a year, whilst Warburtons is bought on average 23 times a year in the UK.

Pricing Intelligence: Profitero increases security of its price intelligence application

7 May 2013 | Profitero

Profitero today announced that it has increased the security of its price intelligence application, providing customers with the highest level of security for their price intelligence data. No other competitive pricing intelligence provider currently provides an Extended Validation EV SSL Certificate.

Competitor Intelligence: Multichannel drives sales at Argos

2 May 2013 | Profitero

Argos has announced an annual rise in like-for-like sales for the first time in five years, as its plan to transform itself from a catalogue-led business to a digitally-focused one looks to be bearing fruit. Multichannel sales grew to £2 billion, representing over 50% of Argos' total sales, with online sales growing by 10%.

Retail Intelligence: Overseas sales to generate £28 billion for British retail by 2020

30 Apr 2013 | Profitero

Fashion retailers and brands are among the UK retailers set to benefit most from overseas online sales which are forecast to grow sevenfold to £28 billion by 2020, according to research just published from OC&C Strategy Consultants and Google. Britain's Retail e-mpire study predicts that international sales will outpace homegrown sales and account for 40% of total online sales in the next 7 years.

Competitor Monitoring: Can Walmart win the web war with Amazon?

25 Apr 2013 | Profitero

Amazon is the world's biggest online store but Walmart is the world's biggest retailer. As Walmart endeavours to catch up with Amazon online by copying the retailer's most successful strategies - trialing lockers to offer in-store collection and same-day delivery - will Walmart go head to head with Amazon in one of the fastest growing e-commerce areas: consumer packaged goods?

Retail Intelligence: UK continues to lead the US in multichannel retail

24 Apr 2013 | Profitero

A recent report from analyst Gartner highlights how new channels such as social and mobile are driving in-store revenue, but physical stores will remain the dominant revenue-generating channel. The report also reveals that the UK will continue to lead the US for multichannel execution, accounting for a higher proportion of digital to store revenue.

Retail Intelligence: Will more e-commerce businesses follow Warby Parker and move offline?

23 Apr 2013 | Profitero

Online-only eyeglasses retailer Warby Parker has just opened its first flagship retail store in New York, suggesting that retailers need both an online and offline presence to reach consumers. This trend looks set to continue, as shoppers increasingly use bricks and mortar 'showrooms' to try on a product before purchasing online.

Worten Case Study: How Profitero competitor pricing insights helped electronics retailer Worten stay ahead of competition

22 Apr 2013 | Profitero

Retailers change their products and prices continuously, particularly in the fiercely competitive consumer electronics industry. Keeping track of price changes is a time consuming and often complex process, especially if you're a retailer who operates in multiple markets.

Discover how Profitero worked with European retailer Worten to ensure they deliver on their commitment to offer the lowest prices in both of their European markets.

Retail Intelligence: Supermarkets move to convenience selling

19 Apr 2013 | Profitero

Tesco's recent results have showed a profit fall for the first time in 20 years. The UK's largest supermarket's strategy of opening big out-of-town superstores - known as the 'space race' - has stalled as the retailer now seeks to focus on convenience stores and its booming online business. The move to convenience store formats, forecast to grow by 29% in the next 5 years, is now becoming a key driver for the major supermarket chains.

Price Intelligence: US shoppers expect a seamless cross-channel shopping experience, particularly on price

18 Apr 2013 | Profitero

A new report from consultancy firm Accenture says that retailers who deliver on their customers' expectations and provide a seamless shopping experience - whether shopping in-store, online or via a mobile device - will gain a competitive advantage that drives sales. The research also reveals that consumers expect consistency across all channels, especially when it comes to price and promotions.

Retail Intelligence: UK online retail sales up 15% in Q1

17 Apr 2013 | Profitero

The latest IMRG Capgemini e-Retail Sales Index reveals that UK online retail sites enjoyed a strong Q1, with sales up 15% on the same period last year. And despite the recent unseasonal weather, clothing sales put in a solid performance in March in contrast to a lacklustre performance on the high street.

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