Tag: Competitor-based pricing

Target’s app to guide customers through stores and to deals | Retail Dive

Target’s app to guide customers through stores and to deals | Retail Dive

Earlier this month, Target also announced a new pricing strategy that appears to counter an emerging price war among Walmart, grocery stores and dollar stores. The retailer said that its teams looked at the products “most important” to its customers and made sure they’re priced right daily. Target is sweeping away “all those little signs and […]

Fluctuating fuel price affects vegetable pricing | Times of India

Fluctuating fuel price affects vegetable pricing | Times of India

Kolhapur: The traders in the city believe that a constant change in fuel prices is contributing to an exorbitant rise in the prices of food grains, pulses and vegetables. For the last two months, the dynamic pricing of fuel is being implemented by the petrol pump operators. The fuel prices are modified on a daily […]

Grocery and the Need for Speed | Progressive Grocer

Grocery and the Need for Speed | Progressive Grocer

The future of grocery belongs to the fast. That’s arguably the biggest takeaway from Xcelerate Retail 2017, a technology conference held by Symphony Retail Solutions, a division of Symphony Technology Group, which took place Sept. 12-14 in Las Vegas. And while other essentials critical for success also were shared – from increased focus on customer-centricity […]

CBA: Most Australian retailers don’t have a strategy for Amazon | Business Insider

CBA: Most Australian retailers don’t have a strategy for Amazon | Business Insider

The Commonwealth Bank’s latest Retail Insights research suggests almost 70% of people likely to purchase from the online platform. But most retailers (78%) don’t have a strategy to combat the global retail giant. “It seems Australian shoppers are ready for Amazon but many of our retailers are still at the drawing board,” Commonwealth Bank National […]

Study: Digital now influences more than half of grocery sales | Food Dive

Study: Digital now influences more than half of grocery sales | Food Dive

The payoff to capture digital consumers can be huge. Deloitte found that consumers who embrace digital options — whether e-coupons, on-demand local delivery or mobile checkout — convert 9% more often than those who don’t use digital in the lead-up to their purchase decision. Kroger is one leading grocer that consistently reports gains in new digital […]

Lowering Prices: LG Electronics to Target Premium Phone Market with Price Competitiveness | BusinessKorea

Lowering Prices: LG Electronics to Target Premium Phone Market with Price Competitiveness | BusinessKorea

As LG Electronics has set the price of the V30 at some 900,000 won (US$798), the company will target the premium smartphone market with price discrimination strategy in the second half of the year. The new products of Samsung and Apple far surpass over 1 million won (US$887). All eyes are on whether LG’s pricing […]

Target to slash prices on thousands of items, sending shares tumbling | CNBC

Target to slash prices on thousands of items, sending shares tumbling | CNBC

The cuts will be on items including cereal, paper towels, baby formula, razors and bath tissue, Target said. And the news comes just days after Amazon started cutting prices at Whole Foods’ stores across America. Target shares were trading around 3 percent lower Friday afternoon on the announcement. “We want our guests to feel a […]

Setting the right price key to success | Prince George Citizen

Setting the right price key to success | Prince George Citizen

Have you ever bought something and thought that there is something not right about the price? Maybe it seemed too cheap or you felt like you were getting ripped off? Pricing is tricky business and stressful for many business people. Are we too high and scaring away customers? Our competitors are priced lower than us, […]

Grocery Prices Are Low—But You May Not Have Noticed | Food & Wine

Grocery Prices Are Low—But You May Not Have Noticed | Food & Wine

Despite what you may think when you see your weekly grocery bill, grocery prices are low—and not just because Amazon dropped prices at Whole Foods. In fact, we’re currently in the midst of the longest deflation period for groceries since the 1950s, NPR reports. Eggs, dairy, and beef prices plunged in 2016 and well into 2017. […]

Pricer’s Points: The Power of Corporate Strategy: Amazon and Whole Foods | Mark Stiving

Pricer’s Points: The Power of Corporate Strategy: Amazon and Whole Foods | Mark Stiving

Amazon’s corporate strategy is to be the one-stop shop for retail, and a key part of that is to make sure everyone perceives Amazon’s prices as low. Whole Foods, often nicknamed “Whole Paycheck,” is the opposite of that perception. The winner? Amazon’s corporate strategy. The company has announced it is lowering prices at Whole Foods […]