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Follow on Google News | Analysis of Adidas Products on Amazon-GrowbydataWe analyze the Adidas products on Amazon and their price changes according to their competitors for a maximum revenue using the low price strategy.
By: GrowByData Our competitive data analysis shows that the Adidas brand is highly competitive on the Amazon sales platform. Among the 3,268 of total sellers, only 1,870 sellers on average are competing daily. The sellers, however, are competing with a standard deviation of 72. This shows the enormous fluctuation of the sellers' availability within this market. It also implies a high demand for the Adidas brand. Many sellers regularly enter and leave the Adidas-brand market, likely due to depleted stock. Net, Adidas is a very competitive brand presenting opportunities and threats for sellers. To compete, sellers will need a highly competitive price strategy. About 17% (on average) Adidas sellers are making price changes on a daily basis. As shown in Figure 2 above, the number of sellers that are actively price competitive is also increasing. During the six-month analysis period, a total of 2,428,931 price changes were recorded. Out of the total recorded price changes, 61% prices were lowered and 38% prices were raised. This indicates price intelligence and dynamic pricing tools and strategies in action. In order to maximize their revenue, sellers are monitoring competitors' prices on a daily basis and taking every opportunity to raise prices. Their swing prices the most – dropping price up to 31% and raising up to 28%. Our data analysis clearly shows how competitive the Adidas brand is on Amazon. Because of this competitive climate, price intelligence and dynamic pricing strategies are integral and unavoidable in order for sellers to compete with stores like Amazon.com, which is equipped with the best price intelligence and the most dynamic pricing strategies in the industry. Check out https://growbydata.com/ End
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