What To Do When Everyone Has The Same Data
Everyone has the data now. Competitor prices are visible, promotions are tracked, dashboards are built, and reports are shared. There was a time when that…
Everyone has the data now. Competitor prices are visible, promotions are tracked, dashboards are built, and reports are shared. There was a time when that…
Most retailers think about competition too broadly. They look at overall price position, category averages, and market-wide competitiveness. And they assume that to lose, they…
Most retailers would say they use data to plan promotions. Fewer could say, with confidence, that they use price intelligence to drive them. That…
Retail leaders often assume pricing decisions take time because teams need more data. In reality, the delay is usually driven by something else. Teams are…
By the time retailers reach Stage 3 of pricing maturity, most foundational challenges have already been addressed. Data is trusted. Product matching is reliable. Competitor…
Most retailers believe pricing maturity improves once competitor data becomes reliable. It doesn’t. Reliable data removes noise, but it does not remove hesitation. Stage 2…
Price monitoring is rarely absent in retail organisations. Competitor prices are scraped, reports circulate internally, dashboards exist, and pricing reviews are scheduled. Yet pricing still…
I have yet to meet a retailer who says, “We don’t monitor competitors.” I have met many who say, “We don’t fully trust what we’re…
In the late 1990s, Andy Grove, former CEO of Intel, popularised a phrase that has shaped how many leaders think about competition: “Only the Paranoid…