Go after the right trends
Understanding when trends hit the market is critical to developing a relevant and customer-centric strategy. Know when to get in on a trend and when to get out with EDITED's trend-tracking technology. By looking at the historical data on how a certain product or category has performed, you can better understand your customers and make more informed decisions that resonate with your target audience.
Set competitive pricing
Identifying and setting the optimal price to achieve full-price sell-through is crucial to your business’ bottom line. EDITED’s pricing tools allow your team to leverage competitor and internal pricing data to optimize the price on all of your products. This chart shows how your company’s pricing compares to other top competitors in the market so you can ensure your strategy is strong.
Optimize your inventory
When replenishing inventory, understanding how competitors’ assortments stack up against your own can be very illuminating. In this color analysis chart, you can visualize how much product in each color you’re stocking versus others in your market.
The goal is to identify opportunities to optimize your product offerings, ensuring that you stock the right quantities and variations to meet customer demand and stay competitive. This analysis helps your team identify the most profitable replenishment strategy for optimizing inventory.