Transform your product portfolio with data-driven insights that optimize assortment breadth, depth, and performance.
Optimize your product assortment with AI-powered analysis that identifies performance patterns, reveals assortment gaps, and ensures your product mix maximizes sales and profitability.
Gain comprehensive visibility into product performance across all metrics, with AI that identifies high and low performers, recognizes performance patterns, and quantifies contribution to overall business results.
Automatically identify missing products, categories, or price points in your assortment through analysis of market data, competitive offerings, search patterns, and customer behavior.
Understand which product attributes drive performance with advanced analysis that correlates specific features, materials, styles, and price points with sales, profitability, and customer engagement.
Book a call to see how Profitmind can immediately help your business to deliver more sales and profits. ROI in 4-8 weeks.
Profitmind analyzes your product performance across all relevant metrics, going far beyond basic sales rankings. Our system evaluates each product's contribution to revenue, profit, traffic, conversion, and customer acquisition, identifying true stars and underperformers. Advanced pattern recognition detects performance trends over time and across segments, revealing seasonal patterns, emerging successes, and products in decline. These comprehensive insights help you understand not just what is selling, but why it's selling and how it contributes to overall business success.
Identify missing opportunities in your product assortment with Profitmind's gap analysis capabilities. By analyzing customer search behavior, competitive offerings, market trends, and purchase patterns, our system detects potential gaps at every level - from missing categories and brands to specific price points, styles, or features. Each identified gap is quantified with potential revenue opportunity and competitive context, helping you prioritize assortment additions that will have the greatest business impact.
Move beyond product-level analysis to understand the specific attributes that influence performance. Profitmind's attribute analysis correlates product features, materials, colors, sizes, price points, and other characteristics with performance metrics, revealing which attributes drive customer preference and purchase behavior. These insights help you optimize future assortment decisions, focus on the most impactful product features, and create merchandising stories around the attributes that resonate most with your customers.
"With Profitmind, we've created a shared, common language and understanding of the markets. Profitmind's verbal descriptions help the entire team follow along and contribute effectively.”
Take a look through some of our more common questions. Still have a query? Get in touch.
Yes, we can accurately match any type of product. Our AI matching technology looks at products the way a customer does by looking at the product image(s), the description, the specifications (size, weight, fabrication, upc/ean, etc), and the price. The business team can quickly and easily give feedback to the AI, and it will soon learn to match competitive products specific to your business needs.
Profitmind takes in the company’s business strategy and objectives and two years or more of historical data. Profitmind then scans the internet to identify competitive product matches and proposes them for review and approval by the team. Profitmind takes customer data as-is, simplifying the setup and ongoing operation.
Profitmind’s intuitive user interface was designed by retailers, for retailers. With one hour of training, teams are able to use the system and its outputs. Profitmind makes advanced analysis available to all team members, regardless of their experience level, and provides explanations in plain business language that everyone understands.