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In the fast-paced world of retail, staying ahead means leveraging RetailCompetitiveIntelligence to craft strategies that drive profitability and customer loyalty. At the forefront of this innovative approach is Engage3 , a leader in pricing intelligence and Price Image Management. Heres how they do it: 1.
Thriving in retail requires more than just competitive pricing. To succeed in an ever-changing landscape, retailers need insights into market trends, customer behavior, and competitor strategies. For this, Engage3 , a leader in RetailCompetitiveIntelligence , offers solutions to help you stay ahead in 2025.
Outsmarting the competition starts with sharper insights. To make smarter decisions, retailers need a constant stream of real-time data about competitors—but turning that flood of information into actionable strategies can feel like navigating a labyrinth.
The holiday season is the ultimate stress test for retailers. In the midst of this retail frenzy, competitive data becomes the secret weapon that separates winners from the rest of the pack. Engage3 is at the forefront of helping retailers and brands thrive in this high-pressure environment.
Competitiveintelligence and analysis gives brands an edge. In this article, we will go over how competitive analysis helps businesses, focusing on these points: How your brand, and others, are perceived and why it matters. In 2020, more than 8000 retail locations closed their doors forever. Sentiment and share of voice.
In today’s rapidly evolving retail environment, staying competitive is more challenging than ever. With consumers constantly shifting preferences, price sensitivity on the rise, and online shopping growing stronger, retailers neeIn today’s competitiveretail landscape, staying ahead requires more than intuition—it requires data.
Whole Foods Market announced that it is recruiting a principal competitiveintelligence analyst for placement in the Austin, Texas Metropolitan Area. Whole Foods said that the principal analyst will be tasked with designing various strategies to capture quality competitiveintelligence from grocery retailers.
Competitors are busy gathering competitiveintelligence about your company right now, and they likely aren’t eager for you to up your competitiveintelligence gathering game. What Is CompetitiveIntelligence? And this is where competitiveintelligence tools come in.
Why Accurate Competitive Pricing Data is Critical for Retail Success In todays hyper-competitiveretail landscape, staying ahead means understanding your competitors pricing strategies with unmatched precision. However, traditional methods often fall short, leaving retailers with incomplete, outdated, or inaccurate data.
In the evolving retail industry, success hinges on making data-driven decisions at the right time. Unlike traditional pricing strategies, AI Pricing focuses on leveraging cutting-edge machine learning (ML) and competitiveintelligence to create smarter, more efficient pricing decisions that balance profitability and customer satisfaction.
The decline was due mainly to the rise of foreign competition. To take full advantage of this projected resurgence and to meet foreign competitors head on, the sector must leverage the insights provided by its competitiveintelligence professionals. Executive Profile: Lukas Voda, CompetitiveIntelligence Manager at Caterpillar.
Competitiveintelligence feels like it should be intuitive, as every brand understands its own category and competitors, right? And this leads to sloppy competitiveintelligence that can do more harm than good. What is CompetitiveIntelligence? First, what is competitiveintelligence ?
In todays competitiveretail landscape, the digital shelf has become a critical battleground. With consumers increasingly shopping online, brands and retailers must ensure their products are discoverable, competitively priced, and compellingly presented across digital platforms. Retailer e-commerce platforms.
As we step into 2025, the retail landscape continues to evolve, driven by rapid advancements in technology and shifting consumer expectations. At the heart of this transformation lies competitive pricing data , a critical tool for understanding consumer behavior and making informed pricing decisions. What is Competitive Pricing Data?
Understanding competitive pricing analysis can be a game-changer for your business. Competitive pricing analysis is not just for large businesses; it benefits all industries and business sizes. Whether operating in a B2B or B2C market, knowing your competitors’ pricing strategies helps you remain competitive.
In todays fast-evolving retail landscape, pricing is no longer just about guesswork or manual adjustments. With the rise of artificial intelligence (AI), retailers can harness data-driven insights to make smarter, faster, and more profitable decisions. Competitive Landscape: Real-time competitor movements.
In a recent Data-Driven Dining Trends 2025 webinar hosted by Placer.ai, new data highlighted shifts in consumer behavior within the food retail sector. Here’s a breakdown of the main trends discussed and how Engage3 is helping clients stay competitive through Price Image optimization and data insights.
Scott boasts 20+ years of experience working with large retailers across a number of well-known retailers in the US. You’ve led merchandising operations, analytics, and pricing across many different retailers. We have a depth of data that doesn’t exist in specialty retail due to our loyalty platform.
For example, our company Aqute could be in competitiveintelligence , or market research, or consulting. If we decide we are in competitiveintelligence, we could be in competitiveintelligence software or competitiveintelligence services. Are you in technology, or retail?
As the 2025 holiday season approaches, retailers face mounting pressure to balance profitability with consumer expectations. Price optimization, a critical tool in modern retail, empowers businesses to navigate this challenge by dynamically aligning prices with market demands, competitor activity, and customer behavior.
Our comp shop optimization algorithm leverage multiple collection methodologies and industry-leading product links and QCs to give you the most comprehensive and accurate data CompetitiveIntelligence Management Overview. Product Linking and Data Validation Acquiring competitive data is just half the battle.
Legacy competitive shop programs track only a handful of competitors, have limited items, and are rife with unmatched data. Engage3’s competitive pricing data leverages in-store audits, webscrapes, user-collected data via our mobile app, and Nielsen POS data. That’s because most data providers sell you “data by the pound.”
While the stage has been set for growth, analysts predict that growth will be accompanied by intense competition among dominant carriers. It will be up to each telco’s competitiveintelligence professional to deliver the insights needed to capture market share. These are some of the U.S.
logistics and transportation industry must be both dynamic and highly competitive. Companies in the industry must leverage the insights provided by their competitiveintelligence executives to help them navigate through emerging opportunities as well as intense competition. Jay Devassy Director Dematic.
Product linking is the backbone of a good competitiveintelligence program. Product linking allows a retailer to link their product catalogue to equivalent items at their competitors to give them item level pricing visibility. Many retailers and delivery services like Instacart however don’t post UPCs.
Winsight Grocery Business covers the news about how Allegiance Retail Services Inc., the marketing and merchandising cooperative for New York-area supermarkets such as Foodtown, D’Agostino, Gristedes, Big Deal, La Bella, Brooklyn Harvest and Pathmark, has partnered with Engage3 to optimize its competitive price positioning.
“The global market for Retail Automation estimated at US$12.2 Conducting open-source intelligence research, a key strategy that uses the internet to gather publicly available information, has been prevalent in the intelligence world. ArchIntel™ -. Billion in the year 2020, is projected to reach a revised size of US$23.2
Knowing how to get competitor pricing is essential for the competitiveintelligence of any business. Accurate and up-to-date pricing information on competitors can significantly impact profitability and competitiveness, providing valuable insights for creating a comprehensive competitor report.
By Benjamin Gilad One cant do real competitiveintelligence without understanding at least the foundation of strategy. Because CompetitiveIntelligence means competitive insight, which means achieving some strategic distinction from competitors. He understood retail banking; credit cards were right up his alley.
To survive in today’s fast-moving and always-evolving market landscape, every business needs competitiveintelligence (CI)—comprehensive knowledge about your competitors and how your company stacks up. CI allows you to track competitor behavior and glean the insights you need to create competitive advantages.
The brand actively planned strategic media and influencer interventions to remain competitive and maintain the desired customer perception. The post Social Media Analytics for CompetitiveIntelligence appeared first on Fuld & Co. Algorithms Used: NLP, VADER, and bag-of-words analysis.
The expanded partnership adds Engage3’s Price Image Management capabilities to a successful omnichannel competitiveintelligence program. About Engage3 Powered by Dexi Price optimization pioneers Ken and Tim Ouimet created Engage3 to revolutionize how brands and retailers engage with their shoppers.
Macy’s is in search of a full-time competitiveintelligence specialist to work on-site in New York City. One of the CI specialist’s main responsibilities is to develop business-relevant reports by compiling aggregate data, with the goal of providing the company’s leaders with a better understanding of the competitive landscape.
Infiniti Research utilized competitive pricing solutions to help a Europe-based packaged foods manufacturer overcome market challenges and the supply chain impacts of the COVID-19 pandemic. The market intelligence company ’s competitive pricing experts used a three-step approach over seven weeks to address the client’s concerns.
Over 350 customers including 7 of the world’s top 10 retailers rely on Engage3’s Price Image Management (PIM) suite for strategic competitive pricing insights. About Engage3 Powered by Dexi Price optimization pioneers Ken and Tim Ouimet created Engage3 to revolutionize how brands and retailers engage with their shoppers.
Even before that, CI existed when the inhabitants of ancient Rome created retail centers known as forums. How Has CI Changed Competitiveintelligence has expanded into every day-to-day operation inside a company. How Has CI Changed Competitiveintelligence has expanded into every day-to-day operation inside a company.
8 of the Top 10 Convenience Retailers Trust Engage3 to Fuel their Pricing Strategy. Real-time localized competitiveintelligence data and Price Image Optimization Engine help Convenience Retailers drive incremental trips, accelerate revenue growth and maximize margin. Featured Client.
Philips seeks candidates with a bachelor’s degree and over five years of commercial or consumer retail experience. Among other things, candidates must be able to generate actionable recommendations from local market trends, insights and competitiveintelligence.
SCIP Insights AI-Powered CompetitiveIntelligence: Transforming Business Strategies in the Digital Age In today's hyper-competitive landscape, staying ahead of the curve is essential for businesses striving to thrive. Traditional methods of gathering competitiveintelligence are no longer sufficient in the digital age.
Smaller brands can beat out key players if they capture the (now) significant and growing consumer segment that really wants environmental change, by weaving sustainability into the fabric of your business for a competitive edge. Prior to the pandemic, it was already growing 25% faster than regular retail. We will too!
As the school year approaches, major retailers like Hy-Vee, Meijer, and Schnuck’s, in collaboration with the Foundation for Fresh Produce, are rolling out exciting back-to-school produce promotions. Beyond selling produce, these campaigns position retailers as partners in promoting long-term health.
And then there is the competition from other telecom companies as well as industrial solution providers working on their own IoT offerings. In light of such challenges, telecommunication companies would benefit from the services of competitiveintelligence experts.
2021 has been a crazy year in the world of Retail pricing. Engage3 now supports 5 of the 10 largest retailers in the world, 6 of the 10 largest retailers in North America and 4 of the top 5 Convenience stores. We helped retailers like Vitacost, a Kroger e-commerce division, improve their Price Image by +1.8%, grow sales by 6.2%
To capture these opportunities, the insights provided by each energy company’s competitiveintelligence executive will be of paramount importance. Executive Profile: Trista Ristvedt, Senior Competitive Analysis Program Manager at Tennessee Valley Authority. Here are the profiles of some of them. ABOUT ARCHINTEL.
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