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Pricing News Daily > 5/14/15

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.

This Edition is brought to you 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.

Click a link below to learn more…

 

Headlines

New York Bill Targets Zone Pricing | CSPnet

New York Bill Targets Zone Pricing | CSPnet

ALBANY, N.Y. — A New York State legislator is pushing his colleagues to approve a bill that would strengthen the ability to enforce a state law banning fuel suppliers’ practice of zone pricing, or setting the price of fuel based on the geographic location of the retailer, without regard to cost. New York passed a […]

 

Carnival Strategy Chief Bets That Big Data Will Optimize Prices | WSJ

Carnival Strategy Chief Bets That Big Data Will Optimize Prices | WSJ

“Our total revenue picture is the moment they decide to cruise until after they get home,” said Mr. Leibowitz, a former partner at McKinsey & Co. for 12 years, focused on e-commerce and data analytics. While side excursions and souvenirs on a given ship aren’t re-priced dynamically, Carnival’s overall marketing strategies and promotions are shaped […]

 

Apple’s new watch masters time-honored pricing tactics | Miami Herald

Apple’s new watch masters time-honored pricing tactics | Miami Herald

Take the company’s new small-screen product, the Apple Watch. Released a few weeks ago, the pricing strategy behind the Apple Watch is a great example of how a company can profit by capturing value in both volume and margin terms. One of the great pricing challenges companies face is that customers value products differently. They […]

 

Angus King proposes bill to shake up electricity pricing | BDN Maine

Angus King proposes bill to shake up electricity pricing | BDN Maine

“The grid now has a huge amount of excess capacity,” King said. “It’s like building a new church for Christmas and Easter. You end up with a lot of empty pews in February.” He thinks pricing power in a way that encourages spreading out demand away from the current peaks can work, if history is […]

 

Ride-hailing app Curb explores entry to Southern Nevada | Las Vegas Review-Journal

Ride-hailing app Curb explores entry to Southern Nevada | Las Vegas Review-Journal

Uber and the taxicab industry have been at odds since the San Francisco company attempted to enter the market in October. The primary difference between Uber and Curb is that Uber independently contracts with drivers who use their personal vehicles to offer rides. Uber also uses a mileage and time-based pricing formula and dynamic pricing […]

 

Finding the lowest price online isn’t always easy | CNBC

Finding the lowest price online isn’t always easy | CNBC

“Where can I get the lowest price?” should be an easy question to answer. But it’s not always so simple. Thanks to a slew of factors ranging from shipping fees, special offers linked to credit cards and price-matching guarantees, it can be difficult for shoppers to find the best possible price on an item. Making […]

 

No, Tidal didn’t raise its App Store prices, but it does have a perception problem | TechHive

No, Tidal didn’t raise its App Store prices, but it does have a perception problem | TechHive

But yesterday some sites began covering this pricing disparity as if it were a fresh development, castigating Tidal for not having the courtesy to so much as inform its users. If they had instead kept calm and done a bit of Googling, they would’ve surely come across articles and search engine snapshots showing quite clearly […]

 

Price Hikes in Emerging Markets to Drive Colgate-Palmolive’s Q1 Results | Trefis

Price Hikes in Emerging Markets to Drive Colgate-Palmolive’s Q1 Results | Trefis

It employed a combination of a shrewd pricing strategy along with a robust cost saving program to counter the impact of strong currency headwinds in 2014. Whether the company will be able to carry forward the momentum into 2015 remains to be seen. We have a price estimate of $56 for Colgate-Palmolive, which is about […]

 

Cadillac prices CTS-V about $10K below rivals | Automotive News

Cadillac prices CTS-V about $10K below rivals | Automotive News

Pricing strategy The CTS-V’s sticker offers a glimpse into Cadillac’s pricing strategy under de Nysschen, who took over in August. Dealers in recent years have complained that Cadillac got too aggressive on pricing for models such as the CTS and compact ATS sedans by assigning stickers that are on par with the German stalwarts. De […]

 

Pricer’s Points: HOW TO MEASURE YOUR PRICING TEAM’S VALUE TO THE ORGANIZATION? | Alex Zveiris

Pricer’s Points: HOW TO MEASURE YOUR PRICING TEAM’S VALUE TO THE ORGANIZATION? | Alex Zveiris

In today’s reality, every aspect of our jobs gets measured based on results. Everything is based on our performance: how effectively and how well we can deliver. The pricing function in many organizations is not any different; the pricing team is not only responsible for implementing best pricing practices but also for generating revenue by […]

 


This Week in Pricing >5/10/15

Headlines
– Big price, big expectations for Mayweather-Pacquiao pay TV | Chicago Tribune
– Will customers pay for a more natural Panera? | MarketWatch
– How a Bad Approach to Customer Discounting Lost a 40-Year Customer | Small Business Trends
– 5 times it’s more expensive to be a woman | MarketWatch
– Steal These Tips On The Power of Effective Pricing | Inc.

…and more

 

Events

When: May 20-22, 2015

Where: Barcelona, Spain

Event Overview On behalf of Copperberg and the entire Pricing competence team I am delighted to announce our 3rd Annual Manufacturing Pricing Excellence conference scheduled for 20-22nd of May 2015 in Barcelona, Spain. Since our last edition in Amsterdam, together with our advisory board and delegate network we have been […]

Webcast: How to Stop Undisciplined Discounting | SPA

When: June 3 2015 2:00 PM Eastern

Register to attend our webcast where Kevin Mero, MBA, PMP, Project Manager at Equipment Depot, will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to stop undisciplined discounting. To implement a solution that enhanced profitability, developed pricing discipline, and removed emotion from the pricing […]

Conference: Strategic Pricing Conference | SPA

When: June 12, 2015

Where: Las Vegas, NV at the Vdara Hotel & Spa at Aria

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 […]

 


 

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

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“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

 

Pricing Resources

Explore our archives of valuable pricing resources including:

Wiser Releases New Infographic: A Dynamic Pricing Checklist To Get You Into The Final Four | Wiser

The ecommerce industry is extremely competitive, and it can be difficult for smaller retailers to keep up with giants like Amazon and Walmart. Retailers of all sizes have to compete with big box retailers every day, a difficult feat seeing that Amazon changes its prices as often as every 10 minutes. However, a dynamic pricing […]

Pricer’s Points Blog Series

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.

Check out some recent additions…

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.

Check out some recent favorites…

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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