Pricing News Daily > 11/6/17

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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Headlines

Pricer’s Points: Navigating Big Data Analytics – “What if’s” in Dynamic Pricing | Tom Bacon

Pricer’s Points: Navigating Big Data Analytics – “What if’s” in Dynamic Pricing | Tom Bacon

Dynamic pricing is highly complex – and sometimes not intuitive.  A significant increase in observed demand for a period may not actually drive a significant increase in forecast demand.  And, many times even a large increase in forecast demand for a higher fare has little or no impact on the seats set aside for that […]

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JC Penney slashes profit outlook, sending shares to an all-time low | CNBC

JC Penney slashes profit outlook, sending shares to an all-time low | CNBC

“While we acknowledge the positive work JCP is doing to become less apparel reliant (with initiatives like the expansion of home, appliances, beauty, and salon) the sector faces intense secular headwinds as mall traffic wanes and the shift to e-comm should also continue to weigh on profitability,” Jefferies analyst Randal Konik wrote in a note […]

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HERO Sales Aggressively Smashed by Minimarket Operators | netral english

HERO Sales Aggressively Smashed by Minimarket Operators | netral english

“In the food business, competition is getting tighter as the minimarket operators continue to invest heavily in the development of their business networks,” Deutsch said, Saturday (10/28/2017), in a written statement. To anticipate this, he emphasized several initiatives to improve the company’s ongoing food business performance including reviewing the promotion and pricing strategy among the […]

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Pricey New Space Age Perovskite Solar Cell Aims For Low-Cost Rooftop Solar Market | CleanTechnica

Pricey New Space Age Perovskite Solar Cell Aims For Low-Cost Rooftop Solar Market | CleanTechnica

Researchers at the National Renewable Energy Laboratory and the University of Washington, have come up with a strategy for driving down the cost of solar cells while ramping up efficiency: start at the top. The team has developed a high cost, high efficiency quantum dot solar cell for space applications, where price is no obstacle. […]

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China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

The world’s biggest importer of crude oil and other energy related products, China has reportedly decided to undertake a major step to challenge the dominance of the dollar in the global market. The country, as per sources, will begin by introducing a new pricing strategy in the oil sector and hopes that the growing adoption […]

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Behind Philip Morris International’s Smokeless Bet — WSJ | Fox Business

Behind Philip Morris International’s Smokeless Bet — WSJ | Fox Business

WSJ: At over $100 for the starter kit, IQOS isn’t cheap. Can you explain your pricing strategy? MR. CALANTZOPOULOS: Innovation, in the minds of people, cannot be something extremely cheap. If you are an average person and you hear that something that is much better than cigarettes comes to the market at the cheapest possible […]

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The Fat Years For U.S. Airlines Are Coming to an End | Bloomberg

The Fat Years For U.S. Airlines Are Coming to an End | Bloomberg

America’s passenger carriers have discovered that it’s getting more expensive to run an airline these days. While summertime profits were fine, and travel demand remains robust, a number of airlines are facing higher bills from a variety of factors: labor contracts, significant airport renovation projects, technology spending and fleet upgrades. The increase in expenses is creeeping into 2018 […]

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Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

JEDDAH — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has published a research paper titled “Reforming Industrial Fuel and Residential Electricity Prices” and found that the energy system could benefit by $12 billion per year, largely due to households using less electricity in response to increased prices – for example, from 144 TWh […]

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Tell us: Do movie ticket prices matter? | Bizwomen

Tell us: Do movie ticket prices matter? | Bizwomen

Regal Entertainment Group plans to test “dynamic pricing” for movie tickets next year. That means you could pay more to see a blockbuster on opening night, but possibly less for small, independent films. The announcement comes as the average movie ticket price has reached $8.91 so far this year — an industry high. Regal (NYSE: RGC) […]

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Featured Content and Events

Bright Price Market Dynamics – Get a powerful solution to effectively optimize and analyze price data in SAP | SPOSEA

Bright Price Market Dynamics – Get a powerful solution to effectively optimize and analyze price data in SAP | SPOSEA

Dynamic pricing solution for Geo-Targeted Price Optimization The Right Price All Over the World DYNAMIC PRICING Our Dynamic pricing software combines real- time market analyses with intelligent price optimization techniques. The optimal pricing strategy will boost your traffic, sales and profits. EXIT INTENT TECHNOLOGY Our Exit Intent technology uses refined behavioral analysis techniques to trigger […]

 

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

“Price is what you pay. Value is what you get.”

     – Warren Buffett



 

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