Real-time brand performance

Cat and dog food are the most popular items in pet shops, whether dry or wet. The Petfood Index compares the prices of pet food from the largest online shops, including Zooplus, Fressnapf and ZooRoyal, every day, with up to 900,000 prices recorded each month. Around 220 brands are currently represented, and products with fewer than three offers per day are excluded from the listings.

As founder Olaf Oczkos explains in an interview with PET worldwide, this provides an exciting insight into market developments and fundamental support for the entire pet food industry.

It provides real-time brand transparency. This allows us to address the three key issues currently affecting the pet food industry. If the food is too expensive, sales suffer; if it is sold too cheaply, margins are reduced; and if it is out of stock, neither sales nor margins are optimal.

The report has been created to remedy these three issues in the pet food sector.

Every month, the Petfood Index categorises 900,000 prices by brand, date, category, life stage, flavour and size, enabling individual products to be compared. It is a strategic tool that allows users to identify their competitive segments. It answers questions such as: who has listed the product at what price; where are reorders necessary; where are discount campaigns currently running; and how are they affecting sales? Questions like these can be answered with ease.

We evaluate the data in five different reports. Based on the offer list, brands can be compared with their main competitors. The offer list includes all current product offers, including the sales price, flavour, and category. The Market Report shows how the product is performing in the market. It shows how they are performing: are customers put off by the pricing? Is a particular flavour doing particularly well? Has a reorder been missed? Are there any outliers in the sales curve? If so, this indicates that you need to take a closer look at why. The Product Report highlights details of the product range and reveals its positioning and changes. Is one product dominating, or is it worth offering a variety if one type of meat is not in high demand? This analysis can inform strategic decisions about where to invest. The Revenue Report monitors relevant brands, and the sales report makes categories, package sizes and much more comparable. The Competition Report…