360insights is a real game changer for retailers that have, until now, been unable to ‘see the forest for the trees’, highlighting pricing trends across categories and competitors.
Ottawa, Canada (PRWEB) February 12, 2014
360pi, the leader in retail price and product intelligence, today announced the launch of 360insights, a suite of integrated visualizations and dashboard reports that gives retailers instant visibility into how they can immediately increase revenues and margins through adjustments to their pricing and product mixes. A set of 360insights visualizations debuted as part of 360pi’s highly successful Amazon Holiday Insights program that was featured by Bain & Company, Forbes, CNBC, Forrester, and many others. The Amazon Holiday Insights program profiled pricing for twenty-eight leading retailers, including Amazon, across eight categories over the critical holiday shopping season, identifying retail’s holiday winners and losers. Now retailers can have this same visibility into their own competitor and category set and the power to identify opportunities and take meaningful actions that will drive revenues and margins.
The initial release of 360insights features five self-service dashboard reports that enable retailers to see top-level trends by competitor and category, with the ability to drill down to specific products or SKUs. Of particular note, 360pi’s ThreatMap™ provides an at-a-glance demonstration of relative price competitiveness by category and retailer. Below is a sample of this powerful visualization populated with real data for 3 sub-categories across 10 retailers on January 24, 2014, from the point of view of Amazon.com.
“Many retailers have struggled to find the key pricing opportunities and threats that are hidden in ever-increasing volumes of data, compromising their ability to take effective action,” said Alexander Rink, CEO, 360pi. “360insights is a real game changer for retailers that have, until now, been unable to ‘see the forest for the trees’, highlighting pricing trends across categories and competitors and delivering specific insights down to the product level that retailers can act on daily.”
Numerous retail partners have signed on to use 360insights. With full commercial availability of the product scheduled for the end of Q1, 2014, 360pi is making a special launch offer to a limited number of retailers who sign up now for the product.
On February 26 at 2 pm ET/11 am PT, join 360pi and noted retail financial analyst Deborah Weinswig for “Retail’s 2013 Winners and Losers.” In this hour-long webinar, 360pi will share insights powered by the 360insights suite of integrated visualizations and dashboard reports. Click here to register and take an in-depth look into the relationship between retailers' financial performance and their pricing behaviors during the all-important fourth quarter of 2013.
360pi helps top retailers compete and win in an increasingly price transparent environment. 360pi actively monitors millions of products from hundreds of retailer websites and delivers price intelligence for exact and similar matched products with unprecedented accuracy. 360pi's customer base of "brick & mortar," e-commerce, and multichannel retailers accounts for over $US100 billion in annual retail sales and includes Ace Hardware, Best Buy Canada, and Overstock. 360pi clients gain real-time visibility into the market and full awareness of the competitive pricing landscape to "right price" to consumers. Ultimately, 360pi's customers make smarter pricing decisions that drive increased conversions, revenues, margins and customer loyalty.