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Profitero increases its price monitoring capability to 200 million price checks every day

February 17, 2014
Profitero
Written By
Profitero

Profitero’s advanced solution now monitors in excess of 200 million prices across 4,000 global retail websites every day. It continues to be the only price intelligence solution capable of providing competitor prices and promotions at scale, in any country and in any language.

Profitero today announces that it has increased its price monitoring capability almost three-fold, from 70 million to 200 million price checks every day. It continues to be the only price intelligence solution capable of providing competitor prices at scale, and is the only solution that can monitor any online retailer in any country and any language.

With Forrester predicting that retailers need to engage in dynamic pricing capabilities to maintain and grow market share in 2014, Profitero’s unparalleled retail coverage makes it uniquely positioned to help global retailers make more informed pricing decisions in an increasingly competitive and price transparent retail market.

Volodymyr Pigrukh, CEO and co-founder of Profitero, commented: “It’s clear that dynamic pricing is set to dominate the retail agenda in 2014. With Amazon changing its prices more than 2.5 million times every day, it’s increasingly vital for retailers to have access to accurate and reliable price intelligence to enable them to compete on items when they need to. Our customers rely on Profitero to track their competitors’ prices, product assortments and promotions in near real time, giving them the confidence to carry the right products, at the right price and the right time, in order to grow market share and increase margins.”

Profitero provides price intelligence to more than 40 global retailers including Staples, Waitrose, Ocado, Walmart-owned Sam’s Club and Worten. 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.

Discover how Profitero delivers critical online pricing intelligence to help retailers compete more effectively. Email us at sales@profitero.com or visit www.profitero.com to find out how we can help you grow sales and increase margins.

Profitero.com: Online competitor price monitoring for retailers and brands

About Profitero

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.

More than 40 global retailers, including Staples, Sam’s Club, Tesco, Waitrose and Ocado, rely on Profitero Price Intelligence to:

  • Benchmark competitor prices
  • Manage their prices and promotions
  • Attract price sensitive shoppers
  • Negotiate better with suppliers.

Our pricing data can be seamlessly integrated into price optimization solutions such as Blue Yonder, Revionics and IBM DemandTec, to deliver more accurate and effective price optimization. Profitero is also the preferred supplier of online competitor pricing data to Nielsen’s retail customers across more than 100 countries.

To discover how Profitero can help make your pricing smarter, contact us at sales@profitero.com or visit www.profitero.com.

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