Pricing News Daily > 8/30/17

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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Strategic Pricing Solutions

Strategic Pricing Solutions, LLC (SPS) is a management consulting firm helping clients with pricing strategies, data analytics, and pricing processes. SPS was formed by Scott Francis in 2005 with a vision of enabling B2B clients to build sustainable strategic pricing capability to significantly improve their profitability. By providing flexibility in how we serve our customers, SPS consulting enables clients to build sustainable strategic pricing capability and continuous improvement in profitability through better pricing decisions.

Click a link below to learn more…

 


 

Headlines

Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic | Hormel Foods Corporation

Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic | Hormel Foods Corporation

“We generated record pre-tax earnings this quarter even as we faced record-high input costs for two of our primary raw materials, pork bellies and beef trim,” Snee said. “Nevertheless the results did not meet our expectations. Our team is working to mitigate the effects of volatile commodity markets through increased pricing, strategic promotional activity, and […]

 

Express May Be Getting Back on Track | Bloomberg Gadfly

Express May Be Getting Back on Track | Bloomberg Gadfly

For several quarters, Express had been bemoaning that margins were being squeezed when it had to resort to promotions or markdowns to make sales. But this was a concerning excuse, because shoppers had been demanding a steady stream of these discounts for years now. If Express hadn’t reconsidered its pricing strategy accordingly, that suggested the […]

 

True price of an Uber ride in question as investors assess firm’s value | Reuters

True price of an Uber ride in question as investors assess firm’s value | Reuters

RECKONING SOON? Uber’s losses stem from its drive to win global market share at almost any cost. That strategy was built on the assumption that Uber could achieve a dominant position in many big cities quickly and eventually raise prices. Kalanick himself said low fares were temporary. But eight years in, the strategy is now […]

 

Amazon’s grocery price cuts pressure rivals | The Ledger

Amazon’s grocery price cuts pressure rivals | The Ledger

A price war has raged in U.S. supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition […]

 

Thousands were fleeing Harvey. This Texas hotel started nearly tripling room prices | Fort Worth Star-Telegram

Thousands were fleeing Harvey. This Texas hotel started nearly tripling room prices | Fort Worth Star-Telegram

“Because people are calling to take rooms,” the clerk said, according to KXAN, adding that “we need to (inaudible) the price. I don’t have any control on the price.” The next morning, the TV crew again confronted a hotel clerk. They got a clerk to confirm that room rates were normally around $119 a night—but […]

 

BlackBerry KEYone will be available in Chile starting in September | CrackBerry.com

BlackBerry KEYone will be available in Chile starting in September | CrackBerry.com

Pricing for the BlackBerry KEYone will depend on your chosen plan but with your plan starting at $30.000, you can buy it for $359.990. Customers will also have the outright purchase option from Falabella at $499.990. Read complete article here: BlackBerry KEYone will be available in Chile starting in September | CrackBerry.com.

 

OPEC’s all-options strategy not enough to lift the price of oil | UPI.com

OPEC’s all-options strategy not enough to lift the price of oil | UPI.com

Aug. 24 (UPI) — Oil prices fell flat early Thursday as questions about OPEC’s efforts to balance the market overshadowed possible U.S. offshore production issues. Crude oil prices rallied Wednesday after the U.S. Energy Information Administration issued a report indicating further drawdowns in U.S. crude oil and gasoline inventories, a sign the market in the […]

 

AMD’s MCM Design Cost Savings Allow Aggressive Pricing | eTeknix

AMD’s MCM Design Cost Savings Allow Aggressive Pricing | eTeknix

According to AMD, the move to a MCM design is critical to their pricing strategy. By using a common silicon design, AMD is able to reap greater economies of scale. The top 5%  percentile get used in Threadripper with even better chips used for EPYC. Regular Ryzen gets lower end chips and defective ones are […]

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Featured Content and Events

Book: 8 Keys to Price Optimization

Book: 8 Keys to Price Optimization

Summary: Price optimization enables companies to move beyond cost-plus pricing and determine the range of prices that could be charged for a variety of customers and products. Price optimization can increase current operating income by 1 to 4% of sales, which in many cases will translate into a 20 to 50% increase in operating income. The most sophisticated […]

 

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Date: October 24-27, 2017

Location: Hilton San Diego Bayfront in San Diego, California

Hear from our President, Kevin Mitchell, give insight on the conferences we offer.  Please make plans to join us and well over 500 of your peers for the best event anywhere as we discuss Data, Change Management and the Profit Landscape. Don’t miss out on the Early Bird Discount (Buy 2 Get 1 Free). It expires September 15th!

CONFERENCE HIGHLIGHTS

  • 12 Certified Pricing Professional Workshops
  • 4 Breakout Tracks
  • Over 40 Speakers
  • 2 Full Conference Days
  • Over 100 Hours of Networking

 

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…

“People want economy and they will pay any price to get it.”

     – Lee Iacocca

 


 

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