CommerceIQ

CommerceIQ is proud to be named a G2 Leader in Retail Media Advertising Platforms. See why our customers say CIQ’s Retail Media Management Platform “does it all”: “Rather than having to have multiple different platforms for different aspects of the business, CommerceIQ does it all. Easy to use for all parts of the business. Sales, Ops, Finance, Marketing, Brand … It checks every box. They make managing at scale possible.” -CIQ customer Request a demo now: https://hubs.li/Q02HG9Sf0 #G2Leader #retailmedia #retailinnovation

What did we learn from #PrimeDay2024? Savvy shoppers aren't just chasing the lowest price anymore. They're patiently waiting for deals and discounts to grab the higher-ticket items they've been eyeing. 👀 👀 💳 💡 Get our full Prime Day Insights Report now: https://hubs.li/Q02H9xsJ0 #PrimeDayInsights #ecommerce

📄 FREE PRIME DAY REPORT We’ve put together a Prime Day Insights Report to show category performance across Amazon's hottest retail event. Our key insights: 💸 Prime Day 2024 saw revenues nearly triple compared to the previous week, with an overall 15% increase in average prices—suggesting that discounts prompted consumers to purchase higher-priced items when they could access them at the lowest prices. 🥁 Toys, Electronics, Home & Kitchen, and Patio, Lawn & Garden categories thrived, boasting revenue increases ranging from 400 to 600 % as compared to the week prior. 🐕 Pets saw prices fall by 14% and only a 79% revenue increase—making it relatively one of the weakest-performing categories over Prime Day. 🍅 Grocery, Beauty, and Office Products saw nominal price fluctuations WoW, suggesting stable consumer purchasing habits in these areas. 📊 Prime Day 2024 spending patterns indicate that shopper behavior is shifting across categories, as discerning consumers are looking for more than just the lowest price online. Want the full report? Download your copy now: https://hubs.li/Q02H9Q8M0

Our team at CommerceIQ's just shared this quick recap of the first day of Prime Day. Here's what we saw 1. Prime Day has had a 330% impact on overall sales, with categories like Toys, Home & Kitchen and Patio, Lawn and Garden growing between 5x to 15x on the first day. 2. This growth has coincided with an increase in ASP of 17%, signaling while consumers are certainly benefitting from discounts, they are likely buying more expensive items, or larger bundles to take advantage of the deals. This was not true however in Pets, Patio, Office, Home & Kitchen and Electronics all saw price levels fall, likely indicating deep discounting within the categories. 3. Prime Day 2024 paced much faster than Prime Day 2023. 2024 saw a higher percentage of first day sales generated in the first 9 hours of Prime Day. Shoppers this year were shopping more in the early hours of the morning or in the middle of the evening as compared to 2023. *Note: all figures are comparing to the 6-Day averages between July 10 to 15 leading into Prime Day How did your Day 1 go? We'll be doing a full breakdown by end of week, comment below if you want me to send that to you 👇

🛍️ Has your #PrimeDay24 been as successful as it could be? See why the world's best brands trust CIQ, named a G2 Leader in Retail Media Platforms, to skyrocket their #Amazon sales.🚀 "Commerce IQ has truly transformed our Amazon business. Their tools for listing health analysis and automation are second to none. We've seen a significant improvement in our product listings' performance and discoverability ... Highly recommended!" #AmazonBrands #G2reviews

As we gear up for the whirlwind of Amazon Prime Day, Walmart Deals, and Target Circle Week, the competition is heating up. 🔥 This presents a ✨golden ✨opportunity for #brands to capitalize on heightened consumer spending and drive significant growth. In this blog, we share our top tips for brands going into #PrimeDay24: Tip 1: Optimize your digital shelf presence just like you would a physical store Tip 2: Allocate smart advertising dollars in real time Tip 3: Use Prime Day traffic to drive incremental sales and long-term profitability Tip 4: Navigate post-Prime Day challenges with AI-powered profit recovery Get the full story: https://hubs.li/Q02Gm4dQ0

📑 In our latest State of Retail Ecommerce report, the data told a story of resilience for #ecommerce brands—emphasizing tenacity and growth even amidst saturated markets, rising costs, and shoppers who are hunting for the lowest price. A few of our key insights include: 💡 7.2% surge in revenues, despite falling prices and shrinking margins 💡 10.1% increase in online ad spend leading into #PrimeDay24 💡 Losses due to out-of-stocks are prevalent, even as inventory levels rise 💡 Brands must focus on incremental #retailmedia strategies to remain competitive Want expert insights into your brand category? Download the free report now: https://hubs.ly/Q02Gh69-0

🔥 Is your brand fired up for #PrimeDay2024? Check out our 3 Trends in 3 Minutes episode below, where Chris Barnes shares his expert tips to make sure you're "primed" for success! 🔥 #incrementality #ecommerce #AmazonBrands

🚨 Attention ecommerce brands: Prime Day 2024 is just around the corner! Are you prepared to maximize your sales and profitability? 🤔 To help you gear up, we've analyzed the key trends and insights from Prime Day 2023. Here are 3 key takeaways: 1️⃣ Discounts played a crucial role in driving consumer behavior and revenue. Strategic pricing and promotions were essential for maximizing sales and conversion rates. 2️⃣ Higher discount percentages generally correlated with a higher retention rate of glance views post-Prime Day, indicating sustained consumer interest. 3️⃣ Categories like Office Products and Tools & Home Improvement saw a significant boost from deep discounts, likely influenced by the start of back-to-school shopping. To dive deeper into these insights and more, download our comprehensive Prime Day 2023 Recap Report now! 📊 Click the link below to access the full report and start preparing for a successful Prime Day 2024. https://lnkd.in/dZzRrQJP #PrimeDay2024 #EcommerceStrategy #DiscountOptimization #MaximizeSales #DataDrivenInsights