Price Benchmarking for e-commerce platform Vs Local retail, Branded Retail, Modern Retail
Objective
- Client was a global PE firm
- Client?desired to understand the price benchmarking of 550 SKUs across categories (fashion, apparel, beauty & personal care) for e-commerce platform vs offline channels (local retail shops, branded retail chains, Modern Trade, etc.)
Methodology
- Conducted in-depth interviews and surveys with shopkeepers of local, branded and modern trade stores
- Visited 10 various cities in Tier-1, Tier-2 and Tier-3 to conduct in-depth interviews
- Benchmarked prices of various categories of products like fashion, beauty, etc.
- Input collected from 10 cities across local retail shops, branded retail shops and modern trade players
Impact / Outcome
- Helped the client to gain quantitative insights on prices across metros, Tier-2, Tier-3 cities in India as compared to e-commerce platform