TMCnet News
Retailers' Aggressive Pricing and Wide, Marketplace-Driven Assortments Challenge Amazon, Says Annual Boomerang Commerce Consumer Electronics Category ReportBoomerang Commerce, the leading Retail Performance Management solution, today releases its annual "Boomerang Insights: Consumer Electronics Category" report comparing top retailers' pricing, assortment and availability of this holiday season's popular electronic devices. This year's results reveal that Walmart and Jet are attacking Amazon on price. Meanwhile, Newegg and Walmart are leveraging their marketplace investments to compete on assortment. Walmart is managing inventory well with the lowest number of items out of stock after Amazon. Key findings across data from Amazon, Best Buy (News - Alert), Jet, Newegg, Target and Walmart show:
Boomerang Commerce Insights reports are produced annually for different product categories. In this report on consumer electronics, Boomerang analyzed 1,800 items throughout the online stores of six leading retailers: Amazon, Best Buy, Jet.com, Newegg, Target and Walmart. The analysis is based on 600 randomly selected items from each of three tiers: more popular items, moderately popular items and less-popular (specialty) products. More details and examples for specific products can be found in the full report from Boomerang Commerce. The data used was compiled during November 2016. About Boomerang Commerce Founded in 2012, Boomerang Commerce is a leading retail technology company led by veterans from Amazon and McKinsey. Our Retail Performance Management suite enables retailers to drive profitable growth, streamline operations and realize their merchandising strategy in today's hyper-competitive, customer-driven world. Our flagship product, Boomerang Pricing Performance Management, rapidly analyzes, tests and deploys smart pricing strategies at scale for products across multiple channels. On average, Boomerang's customers - including 10 of the top 30 omni-channel retailers like Staples (News - Alert), Office Depot and Lowe's and etailers like Groupon Goods - achieve a double-digit-percentage growth in revenue and margin. The company is backed by Madrona Venture Group, Shasta Ventures and Trinity Ventures and has headquarters in Mountain View, California. To learn more, visit www.boomerangcommerce.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161206005894/en/ |