Recent News and Blogs

Walmart Looks to Differentiate Through New Online Pricing Strategy | And Now U Know

Walmart Looks to Differentiate Through New Online Pricing Strategy | And Now U Know

BIRMINGHAM, AL – Can a new pricing strategy help Walmart differentiate itself from one of its biggest competitors? According to The Wall Street Journal, the retailer’s new move to raise online prices is effectively showing key differences between Walmart and e-commerce mega company Amazon. Avery Sheffield, Global Portfolio Manager, Brandywine Walmart’s new strategy entails a […]

Data reveals real-time electricity pricing would help nearly all ComEd customers save money | EDF

Data reveals real-time electricity pricing would help nearly all ComEd customers save money | EDF

In sum, the vast majority of ComEd customers would have financially benefitted in 2016 from participating in the Hourly Pricing program. Again, they would have saved while using electricity exactly as they have been. Programs like Hourly Pricing are designed to reward people who use energy when market prices are cheapest, typically when electricity demand […]

As home prices reach pre-recession levels, has market truly recovered? | Curbed

As home prices reach pre-recession levels, has market truly recovered? | Curbed

According to a report from Realtor.com analyzing the property market since the Great Recession, the overall housing market has returned to pricing levels last seen in 2006. The U.S. median home sale price last year was $236,000, two percent higher than 2006. But that’s not a comparison meant to spook homeowners and investors fearing a […]

Robust Dynamic Pricing with Two Substitutable Products | Manufacturing & Service Operations Management

Robust Dynamic Pricing with Two Substitutable Products | Manufacturing & Service Operations Management

We consider a practical dynamic pricing problem with two substitutable products involving a number of business rules commonly seen in practice. Demand substitution exists between the two products (interproduct substitution) and may also exist across different time periods (intertemporal substitution). However, there is limited demand information such that the underlying probability distributions of the demand […]

Walmart’s Next Pricing Strategy Is…Raising Select Prices Online? | Retail TouchPoints

Walmart’s Next Pricing Strategy Is…Raising Select Prices Online? | Retail TouchPoints

“Providing a cheaper price or a discount for picking up an online order in-store makes sense — after all, it is cheaper for Walmart to fulfill in this way and it gets the potential benefit of incremental sales when the customer collects,” said Neil Saunders, Managing Director at GlobalData Retail, in a RetailWire discussion. “However, […]

Top judges to rule on minimum pricing plans for alcohol in Scotland | BelfastTelegraph.co.uk

Top judges to rule on minimum pricing plans for alcohol in Scotland | BelfastTelegraph.co.uk

Seven Supreme Court justices will announce their findings on Wednesday after hearing argument from the Scotch Whisky Association (SWA) that minimum unit pricing (MUP) is ”disproportionate” and illegal under European law. A lawyer representing the SWA argued at a hearing in London in July that there were better ways to achieve the Scottish Government’s aim. Aidan O’Neill QC told […]

Another Victory for the Behavioral Economists | Energy Institute Blog

Another Victory for the Behavioral Economists | Energy Institute Blog

Consumers Do Reduce Consumption When the Price Goes Up The first result in the paper validates our basic Econ 1 models. During the event windows, the customers in the treated group consumed on average 12 percent less than the customers in the control group. So, higher prices imply less consumption. Check. It’s also interesting to […]

State sues two more gas stations for Harvey price gouging | Houston Chronicle

State sues two more gas stations for Harvey price gouging | Houston Chronicle

AUSTIN — Big Willy’s and Tejano Mart are two of the latest gas stations Texas is going after for alleged price gouging during Hurricane Harvey. Attorney General Ken Paxton filed suit against the two businesses Monday, saying both charged “excessive” prices for gasoline. Big Willy’s, with locations south of the Dallas-Fort Worth metroplex, allegedly charged […]

Hurricane Harvey price-gouging: Burleson gas station sued | Fort Worth Star-Telegram

Hurricane Harvey price-gouging: Burleson gas station sued | Fort Worth Star-Telegram

Big Willy’s owner Prem Suhalka of Burleson could not be reached for comment Monday night. Suhalka also owns Big Willy’s store in Cleburne, Mineral Wells and Whitney, according to the lawsuit. The price-gouging lawsuit included a picture of a Big Willy’s sign, showing the price of gas to be $4.99 per gallon, as well as […]

Mission impossible? Blame it on Jio | Deccan Herald

Mission impossible? Blame it on Jio | Deccan Herald

When Reliance Communications (RCom) launched with its “Monsoon Offer” prices in 2002, mobile call rates — and therefore customer bills, or the average revenue per user, a key metric in the telecommunications industry – fell drastically for the first time. Since then, India has ridden an expanding mobile telephony wave, with telecom companies hyper-competing with […]