Smart pricing for sporting goods
retailers
Cut repricing time by 50%, streamline your workflow,
and switch to more complex pricing rules and logic
with Competera’s rule-based pricing.
Hit your goals with Competera
Offer optimal prices across the whole assortment faster than your competitors.
Reprice 50% faster and more frequently across any number of regions and currencies
Increase your market coverage by taking into account an unlimited number of competitors
Use the pricing logic based on any number of variables with interpretation at an SKU level
Keep your prices competitive by following only your true competitors
Make sure your margin is not diluted by following unnecessary competitors. Competera’s algorithm reveals the true impact every player has on sales by analyzing retailer`s and competitive historical data.
- Common or customizable transparent pricing rules available to different teams
- Coherent pricing across various sizes and colors with the help of the pricing decision-making tree
- More complex pricing rules and logic based on any type of data like competitive data from direct sellers or marketplaces, sales, cost data, etc
Save time and reduce efforts by automating pricing process
Automation makes repricing at least 50% faster while reducing the risk of human mistakes. As any changes in data occur, repricing of a product group or separate SKU can be done either in real-time or it can be processed in batches.
- Common or customizable transparent pricing rules available to different teams
- Coherent pricing across various sizes and colors with the help of the pricing decision-making tree
- More complex pricing rules and logic based on any type of data like competitive data from direct sellers or marketplaces, sales, cost data, etc
Find optimal price optimization strategies with What-If simulation tool
With Competera, automotive retailers can test various pricing and promo scenarios based on data-driven analysis.
Set the constraints and parameters of the repricing campaign you would like to test and get the estimated impact it will have on key business metrics.
- Common or customizable transparent pricing rules available to different teams
- Coherent pricing across various sizes and colors with the help of the pricing decision-making tree
- More complex pricing rules and logic based on any type of data like competitive data from direct sellers or marketplaces, sales, cost data, etc
Want to know more? Click here to find out
Find out how Competera’s smart pricing rules help sporting goods retailers.
How rule-based pricing works
Based on the rules and constraints set by the retailer, Competera’s pricing platform generates decision-making trees suggesting the most optimal prices for every SKU while factoring in the prices of competitors.
By speeding up data integration, automating repricing, and customizing data export formats for seamless integration with external systems, sporting goods retailers can reduce repricing time by 50% for any number of SKUs.
Data input
- Historical sales data (min 2 years)
- Historical competitive data
- Any third-party data
Approach
- True competitors and KVIs identification for optimal price positioning
- Pricing logic built on any business constraints and variables
- Tailor-crafted pricing decision trees
See how sporting goods retailers thrive with Competera
The world’s leading sporting goods online retailer Wiggle got a 360° view of the market, reduced pricing effort by 50%, and started handling more complex pricing rules and logic across five pricing zones with the help of Competera’s pricing software.
Enterprise-grade software
Once you choose Competera, we will provide you with a personal solution and pricing experts from the Competera team. They will guide you step-by-step through your journey to optimal pricing.
Data Audit
Full Integration
Pilot Project
Scaling
Feedback Audit
