Our international Retail Services team works in close cooperation with retailers worldwide. Sales data provided by these retailers forms the basis of the GfK Retail Panel market, which allows GfK to provide unique insights into both global and local retail and technology markets.
We deliver reports on a weekly, monthly and in some cases even daily basis, depending on individual customer requirements.
The GfK Retail Panel is a regular survey monitoring sales of (technical) consumer goods using a broad range of sales channels to supply trade and industry with highly accurate and up-to-date information.
Our market intelligence includes measured facts about sales, purchases, stocks, selling prices and distribution of individual products in defined retail outlets.
GfK Retail Panel information consists of four main elements: Products, Segments, Periods and Facts.
During data collection, each individual product or article sold by a retailer is first identified before being allocated to a so called product group.
All technical characteristics (features), are then assigned to this article. To ensure consistency on a worldwide basis, clear and internationally accepted product group definitions (e.g. digital portable video player) and features (e.g. storage type: built-in memory, hard disc drive, memory card only) are used.
This not only enables us to provide in-depth reports for national markets, but also international reports comparable country by country, or even an aggregation of countries (e.g. storage type of digital portable video players in Western Europe).
Single-article level data allows a ranking of the bestsellers of a product category or even a more specific segment (e.g. DPVP -> Built in Memory -> 1 GB) in so called Hit Lists.
Knowing where a product is sold provides deeper insights into the specificities of parts of the market and provides, for example, the possibility to benchmark either a manufacturers' performance within a channel, or allows a retailer to benchmark itself against the performance of competing distribution segments.
To do this GfK Retail and Technology classifies each retailer – in analogy to articles, features and product groups – to a distribution channel (e.g. Technical Superstores, Mail Order House) with a clear definition which is used on a global scale.
Retail Panel research is an ongoing and continuous process. This allows various views, such as sales today, year to date sales, today’s performance compared to previous years' performance or the developments over time. We track markets and products on a monthly, weekly and sometimes even daily basis.
A picture of the market can either be represented by measuring the sold units or sold value. Our tracking ranges from the sales units (value) of a single product (e.g. Oven); including the average selling price of products, product segments (e.g. Cooking) within a channel, to a whole market (e.g. Major Domestic Appliances) across all channels.
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