mySupermarket

mySupermarket
Private
Industry Retail, Ecommerce, FMCG, Supermarkets
Founded 2006
Area served
 United Kingdom
Services Price Comparison, Online Shopping, Market Research
Website www.mysupermarket.co.uk
Another logo style for MySupermarket

mySupermarket is an independent shopping and comparison website for groceries in the United Kingdom. It enables users to compare prices across 14 stores.

Overview

The site analyses the products in a shopper's trolley and suggests swapping some of the items for cheaper substitutes or alternate sizes that offer better value. In addition, it compares the entire price of the trolley between stores and allows the user to switch to another store at any time before transferring their trolley to their chosen supermarket.[1] mySupermarket has 14 stores on the site with pricing taken directly from retailers’ websites. It is claimed a weekly shopping bill in the UK can be reduced on average by 20-25%.[2][3]

It is the third UK online grocery retailer in terms of online traffic – just after Tesco and ASDA. More than 200,000 families regularly use mySupermarket, with around five million people visiting the site each month. Research conducted by the company has shown 49.5% of visitors to the site will go onto purchase in-store within 48 hours. [4]

In June 2015, mySupermarket launched SHOPS, an online marketplace for independent UK merchants. SHOPS stocks food, health and beauty items and gifts from more than 100 businesses. It was developed to support independent retailers and offer fresh, high quality and unique products.[5]

History

In October 2006, mySupermarket.co.uk launched as a supermarket shopping and price comparison site for the UK, based on four of the main supermarkets Sainsbury's, Tesco, Asda and Ocado.[6]

In January 2008, mySupermarket.co.uk launched a data service, offering retailers, manufacturers and analysts insight into its price comparison data and sales data.

In November 2011 mySupermarket launched a Health and Beauty website also featuring the pharmacies Boots UK and Superdrug and offering price comparison services for health, beauty and skincare products.

In 2012 mySupermarket launched a Mini-Store concept. Manufacturers can create their own mini-stores on the mySupermarket website and customers can subscribe directly to the listed mini-stores. Nivea, Kellogg's and Activia were the first companies to participate in this concept, followed by Reckitt Benckiser, Birds Eye, Walkers, Danone and McVitie's.

Later in 2012, mySupermarket launched a suite of new saving features for shoppers including Cashback, Price Alerts and a browser add-on called the mySupermarket Companion which includes a recipe function which lets users shop for ingredients when browsing supported recipe sites.

In June 2013, the company launched mySupermarket.com for the United States market.[7]

In July 2013, the company launched a mobile app that can be used both online and in-store.[8]

In November 2014 mySupermarket launched Insights, a real-time dashboard to track product sales and market share across UK supermarkets. The tool allows marketers to track performance and make changes daily to their campaigns rather than waiting for post-season analysis.[9]

In June 2015, the company launched mySupermarket SHOPS,a new buying platform showcasing high quality wares from local and independent retailers. SHOPS features more than 100 independent UK retailers. Each order placed through the platform is sent direct from the merchant to ensure the freshness and quality.[10]

Corporate affairs

mySupermarket Limited is a private company, owned by a group of investors and mySupermarket employees. In May 2007, mySupermarket.co.uk received a £3 million investment from venture capitalist firms, Greylock Partners[11] and Pitango. These funds were earmarked for structured marketing of the site to increase its regular users.[12]

In April 2012, mySupermarket.co.uk received an investment of $10 million from WPP and existing investors.[13]

Reception

The site was initially described (in 2006) as "pretty time consuming" to set up,[6] though by 2007 This Is Money decribed it as having "a very straightforward design and intuitive process".[1] By 2013 Good Housekeeping magazine described the site as easy to use, with better savings achieved when spending over $75.00 to avoid shipping charges.[3]

See also

References

  1. 1 2 Ed Monk (20 July 2007) "Cheaper home-delivery shopping", This is Money.co.uk. Retrieved on 2011-10-01.
  2. ↑ Nathan Rao (9 May 2014). "See the cost of your shop drop: mySupermarket is changing the face of shopping". Express.co.uk. Retrieved 2015-11-10.
  3. 1 2 Sharon Franke (21 June 2013) "A New Website Can Save You Money on Groceries", Good Housekeeping. Retrieved 2016-11-25.
  4. ↑ "Half of shoppers search online but shop in store". The Grocer. 14 February 2015. Retrieved 2015-11-10.
  5. ↑ "Harriet Arkell Savvy Shopper: Now even local delis do online shopping". Mail Online. 6 June 2015. Retrieved 2015-11-10.
  6. 1 2 Jill Papworth (21 October 2006) "Cheaper shopping? Now it's in the bag", theGuardian.com. Retrieved 2016-11-25.
  7. ↑ Comparison Site mySupermarket Launches U.S. Megastore. TechCrunch.com (2013-06-10). Retrieved on 2013-06-15.
  8. ↑ "MySupermarket offers new mySuperList mobile app". TheGrocer.co.uk. Retrieved 2016-03-03.
  9. ↑ "Suppliers and retailers sign up for mySupermarket insight tool". TheGrocer.co.uk. Retrieved 2015-11-10.
  10. ↑ "MySupermarket unveils new online marketplace featuring independent grocers". Talking Retail. Retrieved 2015-11-10.
  11. ↑ Greylock Partners – News. Greylock.com. Retrieved on 2011-10-01.
  12. ↑ Gaelle Walker, New funds to drive growth of price comparison website, The Grocer, 2007-05-19
  13. ↑ Lunden, Ingrid. "WPP Makes Big Leap Into E-Commerce, Leads On $10 Million mySupermarket Investment". TechCrunch. Retrieved 2015-11-10.

Further reading

External links

This article is issued from Wikipedia - version of the 12/2/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.