Fashion market report for 2nd Day based on real-time data analytics to determine best sellers, how to optimise your pricing strategy, how and when should you give discounts, know the popular colours and sizes you should stock up on, how fast a product goes out-of-stock and when to replenish your stock to hit better sales targets. The fashion market report contains detailed retail market analysis that will help in tracking 2nd Day competitor’s activities, improve buying and stocking decisions, predict and forecast the next fashion and beauty trends in the market. Using a mix of data analytics, data science and market research, the 2nd Day fashion market report focuses on providing trustworthy insights into real-time data and transform the numbers into simple charts and graphs for better visual understanding.
Learn more about how your own brand is performing as compared to 2nd Day. The Omnilytics dashboard allows you to make side-by-side comparisons such as finding out which product subcategory is doing well for which brand, the colours and sizes that are selling the most for both,which price points are most sought after by customers and the amount of discounts given during a specific timeline. The fashion market report analyses all this information, which will be used as determining factors for brands and retailers to maximise profit margins, reduce stock wastage and set the right product prices. The rise of the machine learning technology today has enabled 2nd Day to utilise Omnilytics’ retail market intelligence platform to make more efficient business decisions.
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In-Stock Categories at 2nd Day
Explore category assortments broken down according to the number of items with the highest stock. The performance of each subcategory is further analysed in percentage value for a better understanding of customer preferences.
In-Stock Sizes at 2nd Day
Identify the number of product sizes that are being stocked by your competitors, so you know which size to focus on and better manage your inventory.
In-Stock Colours at 2nd Day
Determine the quantity of various colours that are being stocked by your competitors, so you can enhance your purchasing decision by knowing which colours sell best.
Discounted Products at 2nd Day
Manage your pricing movements by understanding your competitor’s discount strategies and plan when, what and how to discount your products so you don’t miss out on profitable opportunities.
Pricing Strategies at 2nd Day
Discover the price points that are most competitive amongst the brand’s customer base and set your own pricing standards. Make competitor comparisons and know exactly what price to set for your products.
Recently Added Products at 2nd Day
View the latest market offerings of your competitors and find out what they are stocking up on. This helps you to manage your inventories and decide the best course of action.
2NDDAY leopard blazer
2NDDAY classic long coat
2NDDAY check tailored coat