Engage3 has over 40 years of experience gathering, measuring, and drawing insights from competitive pricing & product data for our clients and partners across the U.S. and Canada.
We combine deep domain expertise in retail pricing with strategic insights achieved through data science, the innovative application of statistical physics, and patented software techniques.
INTERCONNECTED TECHNOLOGY PLATFORM
Our cross-industry platform utilizes a unique database that tracks billions of local prices and products and provides businesses with a digital assistant that personalizes offers to close sales.
Engage3 has created a highly curated pricing and product database, enabling product linking, category mapping, attribute mining, and other high-value analytics and market insights. This unique database includes:
TOTAL RETAIL PRODUCTS ACROSS ALL CHAINS
CURATED MASTER PRODUCTS
PRICES UPDATED WEEKLY
The Need for Dynamic KVIs
KVIs, or Known Value Items, disproportionally drive your store’s price value perception. Our data shows that a third of shopper price perception comes from only 2.5% of the total products you carry at your store. If the retailer’s prices are out of alignment with the prices that shoppers remember, then the shopper will tend to re-evaluate their decision to shop with you. Learn why calculating KVIs at the store, shopper, and daily level is needed today to meet the rapid changes brought about by localization and personalization.
Success Through Science
Frank Scorpiniti, CEO of health and wellness store, Earth Fare, talks to Ken Ouimet about how they came up with a unique food philosophy of “Live Longer With Earth Fare,” and how they have been able to grow their price image while increasing enterprise profitability using data science.