Analyze brand dominance by industry

Retail | Understand brand market share, ranking against competition, and gains and losses over time

Analyze brand dominance by industry

Retail | Understand brand market share, ranking against competition, and gains and losses over time
In This Article

Brand dominance and industry data are used to discover which chains have the largest market share in a region, which chains are gaining or losing ground over time, and how your chain ranks against competition. Assess brand performance by visits and across industry categories. 

You’ll be able to answer these questions after reading this article:

  1. Which chains have the largest market share in a region?
  2. How does your market share compare to that of your competitors?
  3. Which brands have gained or lost market share over time?

Get started with the following steps:

Step 1: Review trends in your market of interest by analyzing visit patterns and behavior

a. In the top navigation bar, select Industry.

b. Click Add Industry and select your industry and region (Nationwide, State, DMA, CBSA) of choice (list of supported industries is here). Click Update Report.

c. Choose the date range of interest and click Apply.

d. Scroll to the bottom section, Ranked Chains. See the chains in your industry and region with the greatest market share by total, monthly, or weekly visits.

e. Click Variance in the left sidebar. Variance List allows you to see which chains have gained or lost the most visits over the time period reviewed compared to previous weeks or years.

Step 2: Use the Duplicate function to compare the same industry to itself in different time periods

a. Click on the three dots and then Duplicate. 

b. Click on the calendar drop-down and select Advanced. In the right drop-down, select Filter per Industry, select the relevant dates, click Apply, and then Apply Filters. In this example, home improvement chains in the Atlanta DMA in 2019 were examined compared to 2021.

c. Scroll to Ranked Chains and you’ll see that while the top 3 chains retained their places, the brands below them shifted.

Case Study

Electronics retailer uses brand dominance to inform merchandising and marketing strategies

The Challenge

An electronics retailer entering a new market wanted to understand how the industry performed in that CBSA, and to know its dominant players. How could the retailer learn about its competition so it could tailor its merchandising and marketing strategies?

The Outcome

Using Placer, the retailer learned about their top competitors in the area, and saw how their market share changed over time. With this knowledge in hand, the retailer could tailor merchandising to best compete against the main competitor, and it identified specific zip codes of interest for marketing.

Case Study

Electronics retailer uses brand dominance to inform merchandising and marketing strategies

The Challenge

An electronics retailer entering a new market wanted to understand how the industry performed in that CBSA, and to know its dominant players. How could the retailer learn about its competition so it could tailor its merchandising and marketing strategies?

The Outcome

Using Placer, the retailer learned about their top competitors in the area, and saw how their market share changed over time. With this knowledge in hand, the retailer could tailor merchandising to best compete against the main competitor, and it identified specific zip codes of interest for marketing.

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