Tag: Discounting

Ibiza Virgins’ Guide: clubbing on Ibiza on a budget | Ibiza Spotlight

Ibiza Virgins’ Guide: clubbing on Ibiza on a budget | Ibiza Spotlight

Ibiza may seem like an expensive place to the inexperienced eye and it’s easy to see why. Nightclub entry ticket prices are not exactly inexpensive. Many hotels cost more than the average monthly mortgage repayment. Thinking of buying a round of drinks in a super-club? Good one. But don’t despair. Although this magical island seems […]

When Cost-Plus Pricing Is a Good Idea | Harvard Business Review

When Cost-Plus Pricing Is a Good Idea | Harvard Business Review

The Strategic and Tactical Benefits of Cost-Plus Pricing Despite these limitations, there are sometimes strategic and tactical reasons to use cost-plus pricing. When implemented with forethought and prudence, cost-plus pricing can lead to powerful differentiation, greater customer trust, reduced risk of price wars, and steady, predictable profits for the company. No pricing method is easier to communicate […]

Discounting new discount concepts | CSA

Discounting new discount concepts | CSA

Others, meanwhile, experiment with new value concepts. Kohl’s is opening up Amazon return centers and selling specialty Amazon products (the Echo line of electronics, for instance) at a number of locations. The early returns are positive, as Kohl’s posted strong first quarter numbers, and traffic at Kohl’s stores featuring Amazon was up 8.5%. Experimentation in […]

How retailers and brands can avoid the race to the bottom in online pricing | Digital Commerce 360

How retailers and brands can avoid the race to the bottom in online pricing | Digital Commerce 360

An unrestrained price war on average cuts the price of goods by 3.9%. Retailers and brands can make use of technology to monitor trends, identify opportunities and take a variety of actions to stay away from such drastic price cutting. There is no denying that Amazon and online shopping as a whole have changed the […]

Startup’s solution lowers prices on food as expiration date approaches | Food Dive

Startup’s solution lowers prices on food as expiration date approaches | Food Dive

In the fight against food waste, a high-tech solution similar to the one Wasteless offers is one potential weapon. Lowering prices on products as they approach their sell-by dates could motivate more shoppers to make a purchase and generate revenue on products that would otherwise be tossed out. According to the U.S. Department of Agriculture, […]

Milk price index arrives | Gippsland Times

Milk price index arrives | Gippsland Times

DAIRY farmers will be better able to understand and interpret commodity market price signals following the launch of the new Milk Price Index. The index will provide independent and transparent market information to dairy farmers. The index will be supported by a one-year forecast of prices that will be updated quarterly, along with regular global, national and […]

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Last week Pfizer announced increases in the list prices of more than 40 drugs for the second time within the year.  The increases average 9.4%.  Although there could be some political backlash, the pricing strategy is logical.  Pfizer is recognizing their pricing power, they are incorporating buyer psychology into their process, and they are taking […]

Target narrows pricing gap with Walmart | Food Dive

Target narrows pricing gap with Walmart | Food Dive

While the Clark Howard comparison is an informal look, research from data scientists backs up the consumer advocates’ work. Earlier this year, Profitero found that the most intense price competition is among Walmart, Target, Jet and Amazon. On average, the average online prices of those first three combined are just 4.5% more than Amazon, Profitero found. […]

Price setting software could breach competition law | Business Insider

Price setting software could breach competition law | Business Insider

Businesses using high-tech optimisation tools to analyse data and prices could inadvertently end up in breach of competition laws by swapping key information with competitors, a leading lawyer has warned. Michael Dean, a partner in the competition team at the Glasgow office of global law firm Dentons , said that this increasingly popular software – […]

Different Pricing Strategy For Different Clients? | Thinkwealth Magazine

Different Pricing Strategy For Different Clients? | Thinkwealth Magazine

One question that comes up frequently regards pricing strategy is how to know what price is the right price to charge for a given product or service. It is possible to have different pricing for different clients? This comes up so frequently it might be helpful to focus on a specific pricing strategy. This is an important […]