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Pricing News Daily > 12/4/14

Pricing 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.

EditionSponsor-Wiser

This Edition is Sponsored by:

Wiser

Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive and most importantly, profitable. Wiser’s flagship product is WisePricer, a full-featured dynamic pricing and merchandising engine that monitors, analyzes and reprices retail products in real-time. WisePricer enables retailers to boost profit margins and revenue, price with confidence, and improve merchandising through powering the development of a sound pricing strategy. Wiser also offers a MAP monitoring solution, WiseMapper, for brands and manufacturers to monitor and protect their pricing across the thousands of retailers selling their products.

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Headlines

How Amazon Uses Its Dynamic Pricing Power | econlife

At 1 am or so, in Boston, in 2012, Uber saw that many of its drivers were heading home just when party goers needed them. I guess someone had an “Aha” moment and suggested that drivers be paid more to stick around. With drivers earning more and customers getting the transportation that had previously been […]

Odeon charges an extra £1 to see blockbusters including Interstellar | Daily Mail Online

For example, at the Odeon in Hull a family of four would pay only £18 to see Interstellar and The Hunger Games – around half what they would have to pay in Richmond. Industry blog Film Divider found the surcharge for blockbusters is applied in Odeons across the country. A member of staff at one […]

Reflections After 3 Years of Value Pricing | Thriveal CPA Network

Value pricing enables innovation. One of the problems with hourly billing is that it attempts to make every hour profitable. It can work at some level for the tried and tested things that have been done by our profession for the past 50 years (sub-optimally, I might argue). But markets don’t stay the same. And […]

Premier League Pricing Structure Is Impacting on Supporter Engagement | Bleacher Report

Originally the preserve of the working class, who found themselves with an extra day to fill when the weekend was introduced in the 20th century, going to the football has become an unaffordable activity for the majority of the traditional supporter base. The BBC has been running its Price of Football survey for four years now, […]

Taxi Apps Price War Sees Fares Slashed | Yahoo News UK

A price war has broken out among taxi booking apps, forcing firms to slash fares in half in the run-up to Christmas. With an increasing number of cab booking apps on the market, some of the well-funded multinational firms are going to extreme lengths to attract business. Controversial minicab booking app Uber has reduced prices, […]

11 Ways to Pay a Portland Street Fee Without an Income Tax | GoLocalPDX

Parking meter revenue is ‘unrestricted’ in that the city can spend it on whatever it wants. City documents state the six downtown parking garages owned by the city charge “below market prices” and generate about $5 million a year that can be used for PBOT’s “operational support.” Rivera said PBOT doesn’t even manage parking as […]

Hurricanes price tickets through revenue management analytics | WRALSportsFan.com

RALEIGH, N.C. — Five years ago, the Carolina Hurricanes teamed up with a subsidiary wholly owned by Cary-based analytics company SAS to help determine their ticket prices in order to offer their fans the best options for their entertainment dollar. The company, IDeaS, came up with a form of dynamic ticket pricing where the Hurricanes […]

Steak n Shake facing new suit over mandatory menu pricing | Indianapolis Business Journal

Another Steak n Shake franchise owner is suing the company over its controversial practice that prohibits restaurants in the chain from setting their own menu prices, even after a federal appeals court sided with a franchisee. St. Louis-based Druco Restaurants Inc., which operates two Steak n Shake locations in Missouri, filed suit against the locally […]

Settlement reached in Steak n Shake franchisee suit | Indianapolis Business Journal

Steak n Shake boss Sardar Biglari is so wedded to the company’s $4-meal strategy that, at many locations, the pricing is part of the permanent signage. Some franchisees have been just as entrenched, arguing in a wave of lawsuits last year that the Indianapolis-based chain overstepped its rights when it banned independent operators from setting […]

HTC’s Pricing Strategy – Is it wise to ignore low end phones? | Tech Panda

Besides, the target of major players in the smartphone arena is to offer style and ‘good-enough’ configuration at a reasonable price. This has been the strategy of Nokia, Samsung and LG. However, HTC claims that it finds it impossible to produce the same calibre of phones at an affordable price due to the fact that, […]

This Week in Pricing > 11/30/14

TWIP is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise the profile of pricing […]

Pricer’s Points: Using decoy pricing to maximise profits. | Matt Burnett

Use decoy pricing to encourage your customers to trade up. The main objective of any pricing manager is maximising revenue and profitability. It’s not easy and is in fact an endless task. One way we can try to achieve this is through trade up. If we can encourage our customers to buy our most highly […]

Discussion: Dynamic Pricing – Flight Pricing’s Biggest Scam?

Indiana Jo Blog Want to know what dynamic pricing is? Want to find out how this discriminatory pricing practice used by airlines, is pushing up the cost of your flights? And, most importantly, want to understand how to beat the system to get cheaper prices? Read on… Once upon a time I was a consumer protection […]

 

Events and Resources

Webcast: Learn How B&B Trade Distribution Centre Uses Strategic Pricing Tools to Identify Price-sensitive Products and Services | SPA

Tuesday, December 9, 2014 2:00 PM Eastern

Register to attend our webcast that starts at 2:00 PM EST where Robb Howe, General Manager for B&B Trade will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to identify price-sensitive products and services. To implement a solution that enhanced profitability, […]

Conference: Strategic Pricing Conference | SPA

When: January 15-16, 2015 Where: Ft. Lauderdale, FL at the Ritz Carlton

Learn how leading manufacturing and distribution executives have unlocked the keys to faster growth, stronger customer relationships, and market-leading profitability with SPA’s proven strategic pricing processes and technology. Event Overview Equal parts strategy and practical tactics, this complimentary Strategic Pricing Executive Overview event at the Ritz […]

Seminar: The Value-based Pricing of Innovation | Stage-Gate International

When: April 14-15, 2015

Where: Washington DC

Early Bird Price: $1495 US

Are you capturing the value of your innovation? Firms are pouring billions in innovation investments every year with the goal of creating differentiation and competitive products and services. Many, however, forget two critical elements in the innovation management process: the clear definition and measurement of […]

Pricing Resources

The source for valuable pricing resources including: academic programs, articles, blogs, books, cartoons, certifications, papers, quotes, reports, training, and videos.

Pricer’s Points

The “Pricer’s Points“ 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

The “Top Discussions“ blog series offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

Pricing Experts

The source for pricing strategy expert vendor related information and resources.

Pricing Tech

The source for pricing technology vendor related information and resources.

Pricing News LinkedIn Group

Join 1,000’s 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.

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