New Amazon Tool Unveils Prime Day Brand Scoreboard
A modern digital retail consultancy, Momentum Commerce today announced the release of the 2022 Amazon Prime Day Brand Scoreboard. This resource provides a unique accounting of how hundreds of thousands of different brands across more than 1,500 categories approached Amazon Prime Day 2022 – whether they cut prices, increased their advertising investment, or largely sat tight.
To power the Prime Day Brand Scorecard, Momentum Commerce tapped its vast repository of Amazon data and advanced data science products, capturing more than two-week’s worth of pricing and paid SOV data for every brand and product that appeared on page one across the top one million search terms on Amazon. The tool provides those figures, along with comparing those two-week averages to what was observed during Prime Day 2022.
Some unique takeaways from the dataset:
- Nautica, essence cosmetics, Beats, and Zinus were some of the most active brands during Prime Day. These brands discounted their products by more than 10%, while dramatically raising their advertising’s presence on popular Amazon search terms by more than 100%
- Conversely, UPPAbaby, Chanel, and Audio-Technica were among a group of brands that largely stood pat during Prime Day. These brands conducted little to no discounting across their catalog, with their products appearing less often within sponsored ads on popular Amazon search terms
“Brands on Amazon understand the massive opportunity Prime Day presents in terms of driving sales, but the methods brands employ to take advantage vary considerably,” said John T. Shea, CEO & Founder of Momentum Commerce. “The Prime Day Brand Scoreboard gives every brand – large or small – the ability to quickly gain competitive intelligence on their category from Prime Day. These insights will help those same brands refine their strategy as we approach back-to-school, future Prime Days, and the holiday season.”
The 2022 Prime Day Brand Scoreboard is free to access and can be found at https://app.momentumcommerce.com/apps/prime-day-scoreboard.
I have 15 years of experience in the retail industry including expertise in marketing, operations, merchandising, buying, shopping and technology. I am a speaker, consultant and former senior managing director of The School of Retailing, University of Alberta. My education includes a Bachelor of Commerce Degree from The University of Alberta in Marketing, Certificate in Real Estate and a Diploma in Fashion Merchandising and Buying from LasSalle College, a Canadian private school founded in 1959 by fashion designer Jean-Paul Morin.