Pricing News Daily > 11/7/18

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

 

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Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

 

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

Capping petrol price ‘will hit profit and lead to job losses’, fuel retailers warn | BusinessDay

The Fuel Retailers Association, representing more than 2,500 fuel retailers, has hit back at the government’s proposal to cap the price of 93 octane petrol, claiming it will cut into wafer-thin profit margins and accelerate job losses in the sector. In a bid to ease the pressure high petrol prices are putting on consumers, the […]

 

Black Friday 2018 Ad Preview: Amazon’s Echo, Echo Dot, Fire HD, Kindle Deals | Forbes

Black Friday 2018 Ad Preview: Amazon’s Echo, Echo Dot, Fire HD, Kindle Deals | Forbes

Black Friday 2018’s competition is fierce this year and shipping is no exception. With Target putting on the pressure by offering extended free two-day shipping on all orders this holiday season including everything from it’s massive 47-page Black Friday ad scan, it was finally Amazon’s turn to react… Amazon’s Black Friday 2018 New, Improved Shipping […]

 

Use of personal data to ‘rip off’ online shoppers sparks inquiry | The Guardian

Use of personal data to ‘rip off’ online shoppers sparks inquiry | The Guardian

The government is launching an inquiry into the use of personal data to set individual prices for holidays, cars and household goods, amid rising fears of a consumer rip-off. The research, supported by the competition watchdog, will explore the prevalence of “dynamic pricing” based on information gathered about an individual, such as location, marital status, […]

 

Government orders crackdown on online stores charging different prices to individual shoppers | The Sun

Government orders crackdown on online stores charging different prices to individual shoppers | The Sun

A CRACKDOWN is on the cards for online stores charging different prices to individual shoppers. Known as personalised or dynamic pricing, the practice sees prices linked to what the firms think customers will spend. The government will crackdown on online stores charging different prices to individual shoppers The decision is based on information including the […]

 

Flight Ticket Prices: CCI Probing Alleged Fixing Of Airfares Using Algorithm By Airlines | Bloomberg

Flight Ticket Prices: CCI Probing Alleged Fixing Of Airfares Using Algorithm By Airlines | Bloomberg

The Competition Commission of India is looking at algorithms used by airlines to determine fares, as part of a detailed probe into alleged fixing of air ticket prices, the regulatory body’s chief Sudhir Mital said. Currently, the fair trade regulator is investigating allegations of similar pricing as well as simultaneous increase in ticket prices by […]

 

Black Friday 2018 Ad Preview: Walmart’s Biggest Deals | Forbes

Black Friday 2018 Ad Preview: Walmart’s Biggest Deals | Forbes

Black Friday 2018 already seems to be breaking records and the most sought-after deals from Walmart WMT +1.55%’s big circular have yet to be revealed. But, now that we have seen the 13-page Dell Black Friday ad, the 77-page JCPenney Black Friday ad, the 20-page Sam’s Club One-Day Sale ad and the 47-page Target Black […]

 

Uber launches new subscription service across five US cities | City A.M.

Uber launches new subscription service across five US cities | City A.M.

Ride-hailing app Uber has rolled out a new subscription scheme across five US cities. Based on subscriptions, the new ride pass will allow members to avoid surge pricing, when fees peak at rush hour and at other times when demand is high. The lowest monthly subscription comes in at $14.99 (£11.55) in Austin, Denver, Miami […]

 

Can Cognitive Biases be Used to Fix Prices? | Entrepreneur

Can Cognitive Biases be Used to Fix Prices? | Entrepreneur

How should we price our product? Should we start low, deliver value and then demand a higher price? Or should we start high? Price-Quality Heuristic Most people are aware of price-quality heuristic, maybe not by that name. Heuristics, simply put, are the mental shortcuts that people employ to make quick judgements. Price-quality heuristic is the […]

 

 

Events and Resources

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

Pricing News LinkedIn Group

Join over 5,000 of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

 

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

“Perhaps the reason price is all your customers care about is because you haven’t given them anything else to care about”

     – Seth Godin

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