HomeStats™

How does your company set its prices?  Cost plus?  Price to market?  Some combination thereof?  We are often asked to conduct research to find the right price.  Sometimes price is the sole challenge and sometimes price is part of the larger puzzle.  Regardless of context, getting to the right price can make or break a product’s success.

Some people wander around in stores, see something they like and buy it. Most plan their purchases with specific needs in mind. Most purhcases arise from life events that bring new or changing needs. 16% of consumers reporting buying Cookware because they bought their first home or got married. 34% reported buying Cookware because they redecorated their kitchen.

ARE YOUR PRODUCTS AND DISTRIBUTION KEEPING UP?

We see statistics purporting to measure the percentage of sales that occur online every day.  Estimates vary considerably by season, product category and, of course, data source.  Since online sales occur through so many retail channels from department stores to Amazon to manufacturers’ websites, we believe the best measurement system is via the only common denominator that unifies the data:  THE CONSUMER.