Similarweb Adds Walmart, Target, Best Buy and Chewy Consumer Insights to its Shopper Intelligence Solution

Rhea-AI Summary

Similarweb (NYSE: SMWB) has expanded its Shopper Intelligence platform to include insights on sales and market performance for Walmart, Target, Best Buy, and Chewy, in addition to Amazon. This enhancement, launched in July 2023, provides comprehensive data on approximately 78% of all sales volume from the top ten U.S. online retailers. The initiative aims to address the visibility issues faced by consumer brands in monitoring competitive performance. The company asserts that they are on track to becoming the standard for digital retail insights.

Positive

• Expanded platform covers sales data for Walmart, Target, Best Buy, and Chewy.
• Provides insights on 78% of sales volume from top U.S. online retailers.
• Addresses consumer brands' visibility issues in competitive performance.

Negative

• None.

Launched in July with Amazon insights, the platform now covers four additional U.S.-based online retail giants

TEL AVIV, Israel--(BUSINESS WIRE)-- Similarweb (NYSE: SMWB), the digital intelligence company, today announced the expansion of its retail coverage through Similarweb Shopper Intelligence to include sales and market-share insights for Walmart, Target, Best Buy and Chewy, in addition to Amazon, which became available in July. Available in the U.S. through Beta launch, Similarweb Shopper Intelligence now provides detailed insights into approximately 78% of all sales volume from the top ten online stores in the U.S. *

Now, powerful insight into consumer browsing and purchasing behavior across all five distinct retail leaders is available in one single solution. The expanded Shopper Intelligence offering helps to combat a lack of visibility into category, brand and product-level performance across the most popular retailers and marketplaces.

“When it comes to digital point of sale and consumer behavior, we believe we are well on our way to becoming the standard through this Beta launch,” says Benjamin Seror, Chief Product Officer at Similarweb. “We are very excited for the opportunity to work with the largest CPG companies on a unique offering that is better than anything else available in the market.”

In the intensely competitive ecommerce landscape, digital intelligence is paramount to understanding potential risks and opportunities. Consumer brands have long suffered from a lack of visibility into competitive performance on the largest marketplaces, making it difficult to optimize their customer experience and drive sales.

Seror adds: “Traditional Digital Shelf and Market Research companies have struggled for years to provide sales and market-share data for retailers other than Amazon, whereas in just six months we’ve made significant strides in this area. The release of insights for Walmart, Target, Best Buy and Chewy within Shopper Intelligence highlights our ability to innovate at a rapid pace to meet customer needs.”

*Statista - Top online stores in the United States in 2020, by e-commerce net sales

About Similarweb:

As a trusted platform for understanding online behavior, millions of people rely on Similarweb insights to strengthen their knowledge of the digital world. We empower anyone — from the curious individual to the enterprise business leader — to make smarter decisions by understanding why things happen across the digital ecosystem. Learn more here: https://www.similarweb.com/corp/about/

All data, reports and related materials (“Materials”) provided or made available by Similarweb Ltd. or any of its affiliates (collectively, "Similarweb"), are intended for informational purposes only. The Materials are based on data obtained from third parties, including estimations and extrapolations based on such data, and are not intended to be predictive of the movement of the market prices of the securities of the company(ies) referred to therein. Under no circumstances are the Materials to be considered or relied upon in any manner as legal, tax or investment advice. Similarweb shall not be responsible for the accuracy of the Materials and shall have no liability for any decision by any third party based in whole or in part on the Materials. Similarweb Shopper Intelligence solution is not intended for use for investment advisory services, or for any other purpose related to trading in securities. Title and full exclusive ownership rights in the Materials, the underlying data, and any and all other Similarweb intellectual property (including the Similarweb name, logo and other marks) remain solely with Similarweb (except for third party trademarks and logos, which remain the property of their respective owners). All references by Similarweb to third party trademarks are to identify the corresponding third party goods and/or services. Unless specifically identified as such, Similarweb’s use of third party trademarks does not indicate any relationship, sponsorship, or endorsement between Similarweb and the owners of these trademarks. All rights not expressly granted herein are reserved.

This Press release may contain certain "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views regarding our intentions, products, services, plans, expectations, strategies and prospects, which are based on information currently available to us and assumptions we have made. Actual results may differ materially from those described in such forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control, including those described in our Securities and Exchange Commission filings and reports including the final prospectus for our initial public offering filed with the Securities and Exchange Commission on May 11, 2021, as well as future filings and reports by us. Except as required by law, we undertake no duty to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005460/en/

Press:

Maayan Weiss

Similarweb

press@similarweb.com

Investors:

Alex Wellins

The Blueshirt Group, for Similarweb

ir@similarweb.com

Source: Similarweb

FAQ

What is the latest expansion for Similarweb's Shopper Intelligence?

Similarweb has expanded its Shopper Intelligence to include detailed sales and market share insights for Walmart, Target, Best Buy, and Chewy, alongside Amazon.

How much sales volume does Similarweb's Shopper Intelligence cover?

The expanded Shopper Intelligence platform provides insights into approximately 78% of all sales volume from the top ten online stores in the U.S.

When was the expansion of Similarweb's Shopper Intelligence launched?

The expansion was launched in July 2023.

What does the expanded Shopper Intelligence platform help address?

It helps combat the visibility issues consumer brands face in understanding competitive performance across major online retail marketplaces.

Which retailers are now covered by Similarweb's Shopper Intelligence?

The platform now covers Walmart, Target, Best Buy, Chewy, and Amazon.