Pricing Volatility Alerts for Retailers
E-commerce product intelligence solution 360pi has launched a service that will enable retailers to receive email alerts on product price changes.
The new 360alerts service, available to qualified retailers, brand manufacturers and distributors that are subscribers to 360pi content, provides a free weekly assessment of the ten most active retailers in terms of volume of price changes, the number or prices raised and lowered by each of the most active retailers, the top ten products in terms of volume of price changes, the products with the biggest change in price (both dollar and percentage change) and the total number of products in supported categories (limited currently to televisions, power drills and coffee and tea appliances) that experience a price change grouped by brand manufacturer.
“Relative retailer pricing volatility provides an early signal of shifting product demand and competitive intent,” said Jenn Markey, vice president of marketing, 360pi. “We are extremely pleased to deliver insight into this volatility to existing clients and prospects to help them identify and act on pricing and associated margin opportunities in the market.”
360pi’s customer base accounts for over $US200 billion in annual product sales according to the company and includes vendors such as Ace Hardware, Build.com, and Overstock.com.