What is the EDITED COVID-19 Retail Dashboard?
The EDITED COVID-19 Retail Dashboard tracks key metrics which highlight the retail industry’s response to the variation in demand caused by the worldwide pandemic COVID-19.
What is the data powering the EDITED COVID-19 Retail Dashboard?
EDITED is the industry leading Retail Market Intelligence Platform, housing the world’s largest source of real-time product data on the retail market. The EDITED software uses artificial intelligence and image/text recognition to live track over 550M e-commerce retail products worldwide on a daily basis. Our database contains data points on product metadata, pricing and images.
This dashboard summarizes a few key metrics relating to from products from a sample of the world’s leading retailers across selected regions. The EDITED Application Programming Interface (API) was used to retrieve and compute these metrics.
What day ranges define the week view?
The week data range pulled is defined by a calendar view, looking between Monday to Sunday.
What are New Arrivals?
New arrivals are products that are recently made available to consumers to purchase from a retailer’s e-commerce platform. Thus allowing EDITED to track these data points.
In the dashboard, we count the number of products entering the market on a daily and/or weekly basis depending on the desired analysis.
What is Product Discount?
For a single style, Product Discount refers to the percentage of its highest price that has been marked down. For an assortment of styles, it refers to the average markdown from the highest price for each style.
What is % Assortment On Discount?
For an assortment of styles, % Assortment On Discount refers to the number of products that have had a markdown as a ratio of the number of styles in the assortment.
What are Sold Out Actions?
For an assortment of styles, Sold Out Actions refers to the number of times when all SKUs for a product is out of stock and is unavailable for purchase on the e-commerce platform for at least 5 consecutive days.
Change in year-over-year (YoY) sell out actions does not reflect the entire market offering. This could be caused by either consumer demand or reduction in retailers’ ability to maintain stock.
What is the EDITED Application Programming Interface (API)?
The EDITED API allows you to easily access the EDITED dataset in order to combine it with other services or datasets such as sales or inventory data, and run customized analytic tasks using your own or third party software. For this dashboard, we have used the EDITED API to retrieve data from specifically chosen retailers to find high-level metrics that describe the effects of the COVID-19 crisis on selected markets.