
Defining the right pricing and promotion strategies and tactics have become increasingly more complicated
Changes in supply and demand, consumer buying patterns, and inflation as we’ve never seen it before have made it difficult to plan product promotion and pricing strategies. With each change, brands and retailers must test new ideas and optimize accordingly. Which products should you promote and when? What is the right temporary price reduction to set during a promotion? And how will those reductions impact consumers’ perceptions of your brand?
Pricing goes beyond promotions. You need to consider adjusting your product portfolio to include premium products that increase in price to jump on the premiumization trend. What’s the optimal strategy to successfully go to market with a new product? How are competitors’ promotional activities impacting your sales performance?
To plan effectively, you need to understand how prices are trending over time in your market, category, and channels. You need to know how your product(s)’s pricing matters to different shopper types, and how it stacks up to your competitors. You’ll need to test, measure, and optimize your promotions and adjust quickly when variables shift.
But how can you keep up, given all the complexities and constant change?
Your success relies on having up-to-date intelligence that helps you identify: your market and competitive landscape, your shopper types and how they perceive your brand and positioning, which pricing/channels work best, how to best adjust pricing, and more.
With GfK’s Pricing and Promotion solutions, leaders in Technology Products & Durables, Retail, and FMCG can make quick, efficient pricing adjustments, run successful promotions and react to competitors’ activities.
+24%
+20%
+5%
-
Market Intelligence from GfK helps us optimize our product portfolio and develop and execute a launch strategy for the new business units. We use the data to track our performance versus the competition on a monthly basis. This is key to our sales and marketing strategy, especially when it comes to our product portfolio and pricing.Yannella AmendolaMarketing Director Hisense Iberia
-
GfK’s weekly data helps us to adjust forecasts and promotions rapidly, and to plan for crucial sales periods. It allows us to act based on what feels like live data, giving us increased visibility to maximize our business.Andrew LineHead of Consumer PC & Visuals 4P Lenovo UK and Ireland
-
The breastfeeding space we operate in bridges both the FMCG and small domestic appliances sector. For the last decade, we have utilized GfK's sales data to understand current and emerging consumer and market trends. During the recent turbulence caused by pandemic, inflation and conflict, we consulted GfK to navigate the nuances of price sensitivity during the cost-of-living crisis. The team prepared an informative and revealing workshop for our Senior Management Board. Given the valuable insights it was shared in a second step with the leadership in the EU region. We use the findings to support strategic and tactical decisions, and in particular to identify opportunities to refine our pricing strategy and communication.Nicolé Kettenus-SchwarzSenior Director Marketing Europe, Medela Medizintechnik GmbH & Co.
Develop winning pricing and promotion strategies
Technology Products & Durables and Retail leaders have access to gfknewron, a single platform which includes insights and simulations for pricing and promotions so that you can plan effectively. It is backed by the most robust point of sale (POS) data in the industry.
Our recent merger with NIQ also now provides FMCG leaders with deep insights into point of sales (POS) data, along with a broad range of consumer insights.
- Understand your landscape:
Know which products are selling and at what pricepoint across each channel in your market - React quickly to change:
Change pricing and promotions on the fly as markets change to stay ahead of competitors and maximize sales during key promotional periods like Black Friday, Singles’ Day or Christmas - Develop the optimal pricing strategy:
Simulate your temporary pricing adjustments to ensure you aren’t leaving money on the table - Capitalize on opportunities:
Quickly spot opportunities in and across categories and be the first to adjust pricing and promotions accordingly - Develop winning promotions:
Understand what promotions attracts the most shoppers and if they trigger brand and store switch or waste money

Take control of your online pricing strategies
Trending insights

Don’t miss GfK’s expert take on Black Friday Tech and Durables sales!

Winning Qatar 22: 5 Facts about football events and TV sales.
Featured products

GfK Market Intelligence
