Tag: Discounting

Local farmers talk milk pricing, labor with Richard Neal | Daily Hampshire Gazette

Local farmers talk milk pricing, labor with Richard Neal | Daily Hampshire Gazette

Congressman Richard Neal heard directly from farmers affected by federal policies as part of a tour Tuesday intended to help him understand the interests of those he represents. Neal and Daniel Smiarowski, Massachusetts district director of the U.S. Department of Agriculture, stopped at Sunbrite Farm and Eden Pond Farm in Bernardston, as well as Outlook […]

Walmart’s size may not shield it from rising prices | Providence Journal

Walmart’s size may not shield it from rising prices | Providence Journal

It’s getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the check-out line. Soaring costs for transportation and raw materials — some related to tariffs — have prompted Procter & Gamble, Nestle, […]

5 Reasons Supply Base Rationalization Can Harm Spend Management | Spend Matters

5 Reasons Supply Base Rationalization Can Harm Spend Management | Spend Matters

1. Ignores the Positive Savings from Price Dispersion Although procurement professionals may not use the term in their daily lives, price dispersion is a key purchasing concept that is ignored in traditional supply base rationalization. Price dispersion is an economic scenario in which various sellers offer different prices for the same product in a specific […]

Samsung cuts prices of top-selling TVs by up to 15% | The Economic Times

Samsung cuts prices of top-selling TVs by up to 15% | The Economic Times

KOLKATA: Samsung Electronics cut prices of its top-selling television models for the second time in two months in an attempt to consolidate its leading spot and prevent loss of market share as it did in the smartphone segment, three senior industry executives said. The price reduction ranges from about 5% (Rs 1,000 to Rs 2,500) […]

Algorithms feeding unsustainable price cuts online | Retail Dive

Algorithms feeding unsustainable price cuts online | Retail Dive

While consumers and sellers alike may think that Amazon itself is driving price competition, it’s now often third-party marketplace sellers, on Amazon and Walmart, that initiate price-based skirmishes, according to the report. Dynamic pricing algorithms have enabled retailers to detect every online price change, including temporary promotions, and that’s, “leading to race-to-the-bottom behavior and permanent drops […]

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Algorithms used by the retailers In principle, a retailer or merchant could use the API provided by the platform to manage their pricing. Research at Northeastern University has shown that merchants on Amazon Marketplace that use algorithmic pricing have greater sales. However, merchants may not have algorithm design as a core skill. This was illustrated when a […]

How New Entrants Are Shaping The Future Of Retail | Forbes

How New Entrants Are Shaping The Future Of Retail | Forbes

Warby Parker, the eyeglass company that evolved a dated shopping experience, has also disrupted a category that has seen little innovation over the past few decades. The company offers quick delivery, lower costs and on-trend products. Warby Parker is now a household name and worth $1.75 billion— proving the quickly won value of disrupting the […]

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

The recent news that luxury brands have destroyed millions of pounds worth of unsold merchandise to avoid their products falling into the wrong hands and being sold on the “grey market” at knockdown prices, illustrates the challenges that these brands face in matching pricing and customer demand. With Richemont, owner of Cartier and Mont Blanc, […]

Amid retail woes, discount retailers are expanding and racking up sales. | PostBulletin

Amid retail woes, discount retailers are expanding and racking up sales. | PostBulletin

As retailers scramble to find solutions to the e-commerce-fueled bricks-and-mortar crisis, department store chains like Nordstrom and Macy’s are embracing off-price models. Last Chance, Nordstrom Rack and Macy’s Backstage — along with traditional discounters like TJ Maxx — have continued attracting shoppers with the promise of a treasure hunt, something online merchants can’t quite replicate. […]

Walgreens rolls out digital marketplace with 17 well-known providers | Healthcare Dive

Walgreens rolls out digital marketplace with 17 well-known providers | Healthcare Dive

Price transparency efforts are heating up, and Walgreens is eager to boost its brand as a go-to source for convenient, cost-conscious care. Walgreens said the platform’s providers will offer “sensible alternatives to more costly emergency room visits.” Despite growing calls for transparency around healthcare prices, few websites offer information that can help consumers make informed […]