Overland Park, Kansas-based Storewise has introduced PriceFind, a new competitive pricing tool delivering visibility to competitors’ pricing on hundreds of key value items.
As a result of this new tool, independent grocers will know where their KVI prices stand amongst certain regional and national players local to them.
Key benefits of the new PriceFind tool by Storewise include prices on up to 500 items at three competitor locations, consolidated within one report and priced below current industry offerings. Pricing reports are accurate up to street level, updated weekly and audited online and in-store.
Customizable to area-specific KVIs and competitors, any independent grocer can subscribe to PriceFind at a promotional rate. Additionally, Storewise has integrated competitive pricing intelligence into its signature Price Manager solution, unlocking a new level of actionability. In less time than it takes to fill a gas tank, grocers using the Storewise Price Manager solution can see their competitors’ prices, take immediate action and stay competitive in their local markets.
During the beta rollout, select grocers had the opportunity to experience PriceFind firsthand.
“Without PriceFind at our fingertips, deep competitive monitoring isn’t feasible. I’ll check competitors’ prices manually, but to get the hundreds of items that PriceFind monitors would take days.” said Brent Thaxton, president of Thaxton’s Market Inc.
“We’re excited to arm independent grocers with this next level of intel on their competitors. In the battle against big-box, this kind of transparency provides an undeniable advantage. A grocer can type in their store address and instantly view prices for the competitive store next door,” said Christopher Greco, president and CEO of Storewise.
PriceFind is the first new product from Storewise since receiving investment from Nexa Equity, an application software and fintech-focused private equity firm. This partnership has fueled Storewise’s commitment to supporting independent grocers and driving innovation in the industry.
Storewise is a provider of retailer automation software for independent grocers. The company helps independent grocers operate more efficiently and compete against big-box retailers by providing a software platform that increases profit, automates manual tasks and reduces errors. Storewise serves more than 900 stores across the country.
Read more grocery store equipment news from The Shelby Report.