Caraway Cooks Up Detailed Insights and Analytics with Daasity
How the beloved cookware brand centralized their data and dynamically updated their launch strategy to boost ROAS and sales in real time
Daasity has been critical to giving us an accurate view into the success of our marketing efforts.
Josh Knopman, Director of Growth & Digital Product
- Established a centralized hub for the company's data pipeline, analytics and reporting
- Oversaw launch of new product line supported by real-time analytics
- Increased Blended ROAS by over 10% in 2 weeks
- Increased new SKU pricing by 12.5%
Data Challenges
Caraway, a leading kitchenware brand, is revolutionizing culinary experiences with its innovative line of premium, non-toxic cookware. Rooted in a commitment to sustainability and modern design, Caraway seamlessly combines style and functionality, setting the standard for contemporary and conscientious home chefs worldwide.
Caraway faced significant data challenges, grappling with a system where their primary business reporting relied on a Google sheet that required daily manual updates. This process not only introduced a notable margin for error, but also consumed a substantial amount of time for their internal team. It also hindered the accuracy and timeliness of insights.
Our original “dashboards” were in a Google Sheet that had to be updated daily. There was significant room for error and the daily updates/formatting changes were very time intensive.
Josh Knopman, Director of Growth & Digital Product
Data Solutions
Caraway partnered with Daasity to help them centralize their data, introduce real-time updates, and automate reporting processes. This streamlined approach not only optimized resource allocation but also played a pivotal role in elevating operational efficiency, enriching customer experiences, and fostering overall business growth.
For the launch of their new bakeware line, Caraway collaborated with Daasity’s services team to engineer a dedicated dashboard that would allow them to access critical data of the launch in real time. The team was able to analyze customer behaviors, and in turn make updates to their ad strategies and guide customers towards more popular products. The team made the same data optimizations across their retention marketing efforts, highlighting products that were selling well to specific segments in tailored emails and SMS messages.
Daasity allows us to see how our blended ROAS and CPA is tracking at any given moment. This allows us to adjust marketing investment levels across channels in a more dynamic way as we work to achieve ambitious revenue and efficiency goals.
Josh Knopman, Director of Growth & Digital Product
“Like many brands, we faced rising COGs and wanted to test price increases on select products to address this. Daasity helped us monitor the impact on metrics like unit sales and PDP conversion rates, which has been instrumental in showing which products we can increase prices on without having a significant negative impact and which we can’t."
Josh Knopman, Director of Growth & Digital Product
The Results
Caraway brought on Daasity in 2020, when companies were seeing rising COGs due to the pandemic. Faced with this, Caraway aimed to adjust product prices to maintain profit margins. With confidence, they leveraged Daasity's robust product and website metrics dashboards to closely monitor individual product sales and conversion rates on product pages. This strategic approach allowed Caraway to implement a 12.5% price increase for one of their recently launched product, with no noticeable decline in order volume.
By centralizing their data and bringing on more robust analytics, Caraway was able to not only improve profit margins, and launch a new product line, but they gained numerous various insights into the success of their business and helped them achieve their ambitious growth goals.
With Daasity, all of our primary business reporting is updated daily and automatically shared with internal stakeholders.
Josh Knopman, Director of Growth & Digital Product
10%+
increase in Blended ROAS in 2 weeks
10%+
increase in Blended ROAS in 2 weeks
12.5%+
increase in new SKU pricing
12.5%+
increase in new SKU pricing
Centralized
data and analytics alignment
Want to See Similar Results?
Reach out to schedule a personalized demo or try Daasity now for 14 days free!
Want to See Similar Results?
Reach out to schedule a personalized demo or try Daasity now for 14 days free!