Nych Brands USA
How Price2Spy helped Nych Brands save 5 hours of work weekly
Nych Brands is a rapidly growing company in the retail building materials and garden equipment industry, based in North Carolina, USA. They design, produce, sell, and ship outdoor products like yard, patio, and pool fences, gates, and accessories. All the products are grouped in over 10 categories, across three brands: WamBam Fence, Zippity Outdoor Products, and Enclo Privacy Screens.
For over a decade, across the US, Nych Brands has been selling products directly to customers as well as to giant online retailers like Amazon, Home Depot, Lowe’s, and others. Due to the continuous business progress and partners’ network expansion, it has become an extremely time-consuming process to monitor product prices across retailers’ websites.
Nych Brands' Key Challenges
For Nych Brands’ team, the price monitoring process involved manually checking each product page across all partner sites and documenting the prices.
As it becomes very challenging to track prices of over 100 products across various partner sites every day, the team decided to automate the process.
When researching for an ideal price monitoring solution, it was necessary to:
- Smoothly catch retail price changes that were impossible to catch manually
- Get notified when changes occur
- Stay within budget
Price2Spy met the requirements and offered much more than that.
Price2Spy’s Given Solutions
As one of the first impressions in the evaluation phase, Nych Brands stated a very user-friendly and easy-to-navigate dashboard, and responsive and helpful support.
Price2Spy took over monitoring around 100 products. Frequency is set to 3 hours to ensure every retail price change is caught on time. Once the changes got detected, the team realized how important it is to react right away; therefore, the account enabled email notifications.
Use Case: Safeguarding Brand Value Through Price Monitoring
One of the brand’s biggest challenges is preventing unnecessary retail price drops that could trigger widespread price matching and harm long-term profitability. Price2Spy enabled the team to detect random price changes from partners promptly.
By flagging these issues, they could intervene before they spread, ensuring pricing stability and protecting both margins and brand value.
An unexpected benefit of implementing Price2Spy in daily processes was increased trust and relationship building with partners. When the brand proactively reached out to partners about price errors, partners appreciated the support. Profitability preservation for their partners and preventing rapid retail degradation of an item are essential for a product’s long-term success, which benefits all parties. Nych Brands shared a specific situation that recently occurred:
“We had just finished working with our partners to successfully raise the retail prices for a chunk of items in our catalog. Within a few days of this project’s completion, one of our larger partners, whom other partners are quick to price match, had a random drop occur. Upon receiving the notification of the change from Price2Spy, we reached out to our rep, who was able to quickly make the necessary correction before any of our other partners dropped their prices to match. This was the moment that I thought, “Wow, this is something that would not have been possible before Price2Spy.”
As the Nych Brands’ product development team continues to add new products to existing brands and develop new brands for launch, Price2Spy will ensure that monitoring processes are simple for the client and will support smooth catalog expansion.