Pricing News Daily > 11/1/17

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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Professional Pricing Society

Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing Solutions software. PPS also offers more than two dozen, full-day training workshops every year, taught by leaders in the pricing community. These workshops serve as the foundation for PPS’s Certified Pricing Professional (CPP) designation, our state of the art pricing certification program. Candidates may be certified after mastering a multi-stage curriculum followed by rigorous testing. Successful CPPs have acquired the core knowledge which not only places them in the top rungs of the pricing field, but also gives them the tools to enhance substantially their own careers.

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Headlines

Coming soon to a theater near you: Surge pricing for movies | CNN Media

Coming soon to a theater near you: Surge pricing for movies | CNN Media

Would you go see “Geostorm “or “The Snowman” — two box office duds that were savaged by critics and have abysmal scores on Rotten Tomatoes — if you didn’t have to pay full price to watch them in an empty theater? Regal Cinemas (RGC), one of the largest movie theater chains in the United States, […]

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Price Elasticity Shifts Mean New Revenue Opportunities and Risks for Retailers and Brands | PointofSale.com

Price Elasticity Shifts Mean New Revenue Opportunities and Risks for Retailers and Brands | PointofSale.com

Childrenswear shows opportunities to increase prices in sleepwear but be cautious of high-priced bottoms Research shows that while overall sales of childrenswear are falling, some brands and retailers are seeing significant growth. This is in line with First Insight’s report which found that elasticity is falling along with pricing. Sleep/loungewear in particular has shown declining […]

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GNC Shows Q3 Profit with New Model | Whole Foods Magazine

GNC Shows Q3 Profit with New Model | Whole Foods Magazine

Pittsburgh, PA – Just six weeks into the job, GNC Holdings CEO Ken Martindale expressed optimism about a turnaround with unique products and services in the pipeline for 2018 and the ability to market them better during his first call with analysts reporting same store third-quarter sales up 1.3% in company-owned stores. “It is clear […]

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Monro CEO Lays Out 5 Ways to Improve Store Traffic | Modern Tire Dealer

Monro CEO Lays Out 5 Ways to Improve Store Traffic | Modern Tire Dealer

1. Store operations. Ponton says the company will “establish a standard in our appearance, store layout, merchandise strategy and in-store experience so every store across our chain can offer the same best –in-class customer service.” It will start with “simplifying our selling approach” and optimizing Monro’s product mix with a clearly defined strategy of good, […]

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AdTheorent® Launches “Cost Per Incremental Visit” Ad-Pricing Model | Business Wire

AdTheorent® Launches “Cost Per Incremental Visit” Ad-Pricing Model | Business Wire

NEW YORK–(BUSINESS WIRE)–AdTheorent, Inc., an advertising technology company using data, predictive analytics and machine learning to provide competitive advantages to marketers as measured by real-world business outcomes, today announced the launch of a new Cost Per Incremental Visit (“CPIV”) ad-pricing model. The goal of AdTheorent’s CPIV model is to optimize and drive incremental visits to physical […]

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Rapid flurry of new drug pricing leaves no room for public debate | TheHill

Rapid flurry of new drug pricing leaves no room for public debate | TheHill

Unfortunately, rather than celebrating these advances, we are left in shock at the cost. In August, Novartis announced the price of their CAR-therapy — a form of treatment primarily for blood cancers like leukemia and lymphoma — was $475,000 per patient based (although they may offer a refund for patients who do not benefit from […]

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Apple Inc.’s Brilliant Apple Watch Series 3 Pricing Strategy | The Motley Fool

Apple Inc.’s Brilliant Apple Watch Series 3 Pricing Strategy | The Motley Fool

While I’m impressed with the Apple Watch Series 3, something that might be just as impressive is Apple’s pricing strategy for the product line. Allow me to explain. Apple doesn’t charge that much extra for cellular All of the higher-end Apple Watch Series 3 watches — that is, the variants with stainless steel as well […]

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Shopper highlights Walmart price inconsistencies | WAFF-TV

Shopper highlights Walmart price inconsistencies | WAFF-TV

HUNTSVILLE, AL (WAFF) – Price matching can save consumers the trouble of traveling to different stores, but some stores don’t even price match their own items. This is true for retail giant Walmart, however, it depends on the location and not necessarily what the item may be. WAFF 48 News stopped at five Huntsville area locations to […]

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Featured Content and Events

Training: Professional Pricing Society (PPS) Membership

Training: Professional Pricing Society (PPS) Membership

Why Become A Professional Pricing Society (PPS) Member? Your PPS membership will allow you to connect to a global pricing network of your peers who have the same career focus. Start your membership today to gain a competitive advantage and pricing power through PPS’ conferences, online training and access to top pricing executives. Increase your value by developing new knowledge, skills and solutions from leading experts in the pricing community. Your PPS membership will put you on the fast-track to obtaining your Certified Pricing Professional (CPP) designation.

 

 

Webcast: Boost Profitability with Better Contract Management 1-Nov | SPA

Webcast: Boost Profitability with Better Contract Management 2-Nov | SPA

During the webinar, SPA – a leading provider of analytics and training to distribution and manufacturing companies – will review challenges associated with contract management and introduce the SPA Contract Management Solution (CMS) which is designed to help companies overcome these challenges so that they can regain control and profitability in the toughest part of their business. CMS is a cloud-based, ERP-agnostic workflow tool that provides flexible, easy-to-use options for searching, summarizing, and modifying what is often a hornet’s nest of data.

Click here to attend on Thursday, November 2nd from 11:00 AM – 11:45 AM EDT

 

DigitalPricingSummit_300x250

Conference: Digital Pricing Summit | IQPC

Pricing transformation through digital disruption.

DIGITAL TRANSFORMATION AND E-COMMERCE | DIGITAL PRICING STRATEGIES FOR B2C | E-COMMERCE PRICING IN THE B2B CONTEXT | VALUE CREATION AND CHANNEL MANAGEMENT | DIGITAL SUBSCRIPTIONS AND PAYMENTS | REVENUE MANAGEMENT & COMMERCIAL EXCELLENCE

  • Understand how digitalisation and online services are changing the future of commerce
  • Develop superior pricing strategies in the highly competitive B2C space
  • Explore how digital transformation and ecommerce are interdependent in the B2B context
  • Value creation, communication, managing partners and channel conflict
  • Leverage margin enhancement in digital subscriptions and leveraging digital payment platforms
  • Identify revenue management and commercial strategies for pricing excellence
  • Learn about setting up ecommerce platforms, subscriptions, data analytics and applications for pricing excellence.


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

“There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man’s lawful prey.”

     – John Ruskin

 


 

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