Amat victoria curam classical Latin wisdom says - victory loves preparation. If you're about to enter a long and exhausting war against competitor stores, then you better start with the preparations now. Price2Spy will help you with the pricing side of things.
This surprisingly competitive industry has undergone significant changes with the introduction of marketplaces (like, for example, Amazon) that get heavily used by small merchants who try to fight their way to market success.
Our clients range from mid-size medical retail stores operating on the national (or even international - EU) market, all the way up to large US & European brands of medical instruments monitoring their retailer pricing policies across many different markets.
More recently, some of our clients who aim for the low pricing end are taking advantage of Google Shopping (and similar price comparison sites): instead of monitoring a broad market range, they monitor just the cheapest seller shown there.
Whatever way you use, Price2Spy will enable you to dive into various aspects of your competitive landscape by many different market segments (e.g. brands, categories, suppliers). You will be able to easily drill down to the product details at any time - price history chart will show the development of prices over time, so you will easily recognize important patterns in your competitors' pricing behavior (for example: who's setting price trends / who's following).
Here is how Price2Spy can help product managers from this industry