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Pricing News Daily > 8/15/19

PND is a digest of pricing focused news, thought leadership, events, training and certification resources for pricing professionals.

This Edition is brought to you by:

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.

Click a link below to learn more…

Chevrolet Releases 2020 C8 Corvette Stingray Pricing | Road and Track

When Chevrolet first revealed the mid-engine, C8 Corvette Stingray last month, GM product head Mark Reuss promised it would cost less than $60,000. A remarkable number for a mid-engine sports car with this much performance. Today, Chevy released complete pricing info for the C8, and opened up pre-orders for the hotly anticipated car. Starting price? […]

 

Amazon Offers Retro Pricing In Los Angeles For Maisel Day On August 15 | Fire Wire

Amazon Offers Retro Pricing In Los Angeles For Maisel Day On August 15 | Fire Wire

Los Angeles residents will be able to purchase lunch, gasoline, makeup applications, shoeshines, movie tickets and hotel rooms at 1959 prices on August 15, which Amazon Prime is calling “Maisel Day.”  That means you can see a movie for a mere 51 cents, grab a hot dog for 59 cents, and get your hair done (with […]

 

Value-based drug pricing makes sense, but is difficult to pull off | DrugPatentWatch

Value-based drug pricing makes sense, but is difficult to pull off | DrugPatentWatch

It’s hard not to like the notion of value-based pricing for prescription drugs. It aims to ensure that the prices we pay for drugs reflect the benefits they provide, either in terms of longer life or better quality of life. And what could be more American than letting the market determine the right price through the intersection […]

 

‘Apex Legends’ Iron Crown Loot Box Pricing Is Hilariously Out Of Touch | Forbes

While I appreciate Apex Legends as a fun battle royale title, it also operates as one of the last bastions of crazily over-monetized titles on the market, perhaps no surprise, given that it’s coming from EA. Apex Legends has already combined a storefront with a battle pass and loot boxes, and now their latest move […]

 

Etsy Helps UK Sellers Compete in US with Dual Pricing Tool | ecommerce bytes

Etsy Helps UK Sellers Compete in US with Dual Pricing Tool | ecommerce bytes

Etsy wants to help UK sellers compete in the US and will launch a new dual-pricing tool this week, according to the company’s Chief Financial Officer Rachel Glaser. It’s more expensive for international sellers to ship cross-border than it is domestically. But because of Etsy’s new free-shipping initiative where it penalizes sellers who don’t offer […]

 

AMD Reports Q2 2019 Market Share as Intel Sticks to Its Guns on Pricing | ExtremeTech

AMD Reports Q2 2019 Market Share as Intel Sticks to Its Guns on Pricing | ExtremeTech

Over the past month, AMD let fly with two-thirds of its 7nm product lineup. Both the desktop and server spaces have now been refreshed with 7nm CPUs. Intel’s response? Meh. Let’s do the market share data first. Heading into Q2, AMD has a series of pushes and drags on its market performance. Positive factors include […]

 

Australia – New Pricing Rules For Electricity Retailers. | Conventus Law

Australia – New Pricing Rules For Electricity Retailers. | Conventus Law

On 1 July 2019, the Electricity Retail Code came into force in New South Wales, South-Eastern Queensland and South Australia introducing a new Default Market Offer (“DMO”) for electricity customers.  At the same time, Victoria introduced its own Victorian Default Offer (“VDO”) for electricity customers together with Deemed Best Offer, Clear Advice Entitlement and GST […]

 

Teva, Mylan and Heritage are stonewalling pricing probe, US lawmakers say | S&P Global Market Intelligence

Teva, Mylan and Heritage are stonewalling pricing probe, US lawmakers say | S&P Global Market Intelligence

U.S. House Oversight and Reform Committee Chairman Elijah Cummings, D-Md., and Sen. Bernie Sanders, I-Vt., a presidential candidate, reignited their probe into three generic-drug manufacturers’ pricing practices and accused the companies of stonewalling the lawmakers’ 2014 congressional investigation. “Obstructing or evading a congressional investigation, including withholding or concealing information, is a violation of federal law,” […]

 

Webinar (On-demand): Successful Price Increases using Market Insights | PriceBeam

Digitalization is everywhere of course. But whereas some industries are 100% digital from birth, others are still transforming from traditional consumer or industrial products to more of a digital service industry. Regardless of where your industry and company is on the digitalization path, pricing practices are severely impacted. Digitalization means increased transparency, more information,  as well as internationalization of buying and selling, but also new opportunities for value-adding and new services that can be offered and monetized.

Participants and viewers of the webinar will learn about:

  • What trends in digitalization mean for pricing.
  • Avoiding (some) pricing pitfalls when digitalizing existing offerings
  • Using digital insights to better understand opportunities
  • How to predict optimal prices for digital services using market research

The webinar will be available from the end of May 31st, 2019. If you have already signed up you will receive a link by the end of this date. Otherwise, sign up on the right and receive a link by email to view the recording.

 

 

Webinar (On-demand): Setting the Right Price on New Products or Services | PriceBeam

In this webinar PriceBeam co-founder and Chairman, Finn Hansen, together with The Pricing Coach, Mark Peacock walk viewers through various challenges around the pricing of new products or services.

This on-demand webinar covers:

  • Common challenges when creating new products or services
  • How pricing should play a more prominent role in the innovation process
  • The various steps of product development and how pricing can add value at each step
  • Different types of price research that can improve the value of the new product
  • Psychological pricing tactics to improve the introduction of the new product or service.

 

Webinar (On-Demand): Using AI To Get C-suite Attention For Pricing | Perfect Price and PPS

Pricing is high impact, but are you getting the attention you deserve? In any enterprise environment, the struggle for attention and resources is always an issue. As a pricing professional, how can you get c-suite attention for prioritizing pricing initiatives and allocating budget?

Aligning yourself with your company’s digital transformation initiatives is a great way to move pricing into the fold as a key driver. In particular, focusing on disruptive technologies like Cloud Technologies, AI, Machine Learning, and Decision Automation, can help to spark executive interest.

By choosing an AI vendor over other pre-internet vendors you’ll find more approachable budgets and rapid implementation timelines, which will aid immensely in getting executive buy-in. AI-based pricing tools, like Perfect Price, have measurable ROI and are proven to simulate pricing better than other technologies.

 

 

30th Annual Fall Conference & Workshops October 15-18, 2019 | PPS

We are excited to announce we’ll be in Las Vegas, NV for our 30th Annual Fall Pricing Conference & Workshops October 15-18, 2019! You can register now and take advantage of our Early Bird Offer.

 

15th Annual European and Global Pricing Workshops & Conference November 27-29, 2019 in Berlin, Germany | PPS

We are excited to announce we’ll be in Berlin, Germany for our 15th Annual European and Global Pricing Workshops & Conference to be held November 27-29, 2019!

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview…

“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

 

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