Ecommerce data services for online retailers
We can provide intelligence into your designated marketing areas - Country, Regions, County, Metro, ZIP Codes
Supports international language and monitor country specific TLDs of Google, Amazon, & other platforms in languages other than English
The retailer approached GrowByData for Price Intelligence solutions after facing fierce competition and heavy price volatility in the market. They were looking for accurate data to develop and implement a pricing strategy.
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The retailer accepted our price change recommendations once every 30 days for 2 years. Sales for updated SKUs grew 36% on average in the 10 days following each refresh, with consistently
declining growth observed in days 10 through 30 before the next refresh. This proved the immediate impact of our recommendations, and the value of more frequent price changes.
In Revenue of repriced product (within 10 days)
YoY Revenue Growth
Increase in SKUs with sales
The retailer has been servicing sports and fishing enthusiasts for over 40 years. With millions of worldwide customers, it strives to meet and exceed customer expectations.
We started by helping our agency partner by delivering accurate data on a broader portion of their client’s catalog than their previous vendor. Given the high prevalence of variants in their catalog, the combination of Artificial Intelligence and Human interaction was needed…
On 1,828 SKUs that the retailer consistently accepted our price recommendations for over 2 years, sales sky-rocketed 59%. In contrast, on 2,904 SKUs where the retailer utilized our insights but did not precisely follow our recommendation, sales grew 30%.
Immediate Revenue Boost in 10 days