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.
Staples, the world’s second largest retailer by online sales and the largest office products company, selected the Profitero pricing intelligence service after evaluating several other price monitoring solutions in the marketplace. Profitero was chosen for its superior product matching capabilities, scalable data collections that can support Staples’ future growth, as well as for its unique ability to benchmark online prices in any country.
Commenting on the announcement, Volodymyr Pigrukh, CEO and co-founder of Profitero, said: “We are delighted to be working with the world’s second largest Internet retailer, delivering accurate and reliable price intelligence to help Staples grow sales and increase profit margins. Staples’ decision to work with Profitero across multiple European markets is testimony to our unique and industry-leading capabilities and proves that we have become the recognised leader in price intelligence.
“Profitero now works with over 40 global retailers including Walmart-owned Sam’s Club, Nebraska Furniture Mart, Tesco, Worten, Waitrose and Ocado.com. These retailers have all come to rely on Profitero Price Intelligence to make smarter and faster pricing decisions in an increasingly competitive online marketplace.”
“Staples selected Profitero for its market-leading price intelligence solution which was proven to match all our requirements”, said Radboud Langenhorst, Pricing Manager, Staples Europe. “We have been working closely with Profitero for several months now and are extremely satisfied with the initial results. The accuracy and reliability of Profitero’s pricing data is integral to Staples’ pricing strategy, and we look forward to continuing this collaboration which helps deliver great value to our customers.”
Profitero monitors over 70 million products across 4,000 eCommerce retailers every day. Its product matching capability, which uses both advanced proprietary matching technology as well as manual validation of matches, ensures that Profitero delivers the highest match rates and accuracy in the industry.
To find out more about Profitero and discover how we help retailers make faster and smarter decisions, download our latest White Paper: “Five Reasons Why Every Retailer Needs to Monitor Their Online Competitors’ Prices”.
Profitero: Web based competitor price monitoring for retailers and brands
eMarketer projected in April that US ecommerce retail sales of food and beverage products, of which groceries are a part, would grow from $5.8 billion this year to $11 billion in 2017.
Profitero is the leading global provider of online competitor pricing data. We provide both bricks & mortar and online retailers with their competitors’ prices, promotions and full product assortment information. Profitero’s accurate and timely competitor intelligence enables our customers to make better informed and more profitable pricing decisions, helping them to increase sales as well as margins.
Profitero collaborates with leading price optimization providers including Revionics, IBM DemandTec and Blue Yonder, with Profitero’s competitor pricing data integrated directly into these solutions to provide more accurate and effective price optimization. Profitero is also in a strategic alliance with Nielsen as the preferred supplier of online competitor pricing data to their retail clients.
Staples is the world’s largest office products company and second largest internet retailer. For 26 years, Staples has served the needs of business customers and its vision is to provide every product businesses need to succeed. Through its world-class retail, online and delivery capabilities, Staples offers office supplies, technology products and services, facilities and breakroom supplies, furniture, copy and print services and a wide range of other product categories. With thousands of associates worldwide dedicated to making it easy for businesses of all sizes, Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand. The company is headquartered outside Boston.