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Tag: Dynamic Price Tag

DoorDash is testing surge pricing for its deliveries in select US markets | Quartz

DoorDash is testing surge pricing for its deliveries in select US markets | Quartz

Everyone hated surge pricing when Uber first added it to rides. Now surge is becoming ubiquitous among food delivery startups, too. Postmates has “blitz pricing” and Sprig, before it went out of business, charged more to deliver during busy times. Uber brought surge pricing to UberEats late last year and, in recent months, DoorDash has […]

Let’s Talk: Would you shop at midnight if groceries were cheaper? | Starts at 60

Let’s Talk: Would you shop at midnight if groceries were cheaper? | Starts at 60

Fixed pricing could be a thing of the past. The thought of shopping in the dead of night may sound unappealing but if it meant you could save hundreds on your monthly grocery bill, you may change your tune. It seems retail experts are predicting fixed prices will be virtually non-existent within five years. A […]

Surge pricing promises higher returns, but is it realistic for U.S grocers? | Food Dive

Surge pricing promises higher returns, but is it realistic for U.S grocers? | Food Dive

The hyper-competitive British supermarket scene often hatches trends and innovations that eventually make their way to the U.S. Surge pricing — also known as dynamic pricing — is the latest bid by retailers like Tesco and Marks & Spencer to entice customers while trying to maximize profits. It’s a tricky push-pull that has become increasingly […]

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

The rise of dynamic pricing in UK supermarkets | Dispatch Weekly

Supermarkets are changing their product prices depending on the day, time, season or demand. Dynamic – or surge pricing is a common practice in the hospitality, and travel industries. It now seems the trend has made its way into online grocery stores and is now looking to enter brick and mortar supermarkets. Most people experience […]

Food waste in focus at Summer Fancy Food | Food Business News

Food waste in focus at Summer Fancy Food | Food Business News

NEW YORK — A “win-win-win” may aptly describe Wasteless, a new technology platform developed to reduce food waste and recapture $1 billion of lost grocery store revenues each week. Wasteless enables shoppers to pay less for a food product nearing its expiration date, said Tomas Pasqualini, business development director. The concept was one of several […]

Will personalized pricing only lead to more discounting? | RetailWire

Will personalized pricing only lead to more discounting? | RetailWire

A study from Baylor University concludes the mere presence of a personalized pricing program may encourage some consumers to expect discounts all the time. The study, published in the Journal of Consumer Behavior, defined personalized pricing, or customized pricing, as “basing prices on individual consumers’ unique purchase patterns, rather than more typical bases for changing […]

Dynamic pricing in the new economy: Data up for grabs | The Straits Times

Dynamic pricing in the new economy: Data up for grabs | The Straits Times

Q Does dynamic pricing increase efficiency? A Dynamic pricing has caught the attention of many Singaporeans as digital technology continues to disrupt traditional industries. Consider the taxi industry. With the recent announcement by ride-hailing app provider Grab to offer taxi fares that vary throughout the day, it is timely to consider whether dynamic pricing is […]

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

Because customers often don’t distinguish between channels, customers expect the same products, prices, services, offers and promotions whether they are online, instore or on their mobiles. It’s therefore vital that fashion retailers ensure their propositions and consumer experiences are consistent across all channels. The challenge here for many fashion retailers is how to ensure this […]

Will personalized pricing end retailers’ use of dynamic pricing? | RetailWire

Will personalized pricing end retailers’ use of dynamic pricing? | RetailWire

While sometimes used interchangeably, dynamic and personalized pricing are not the same thing. In dynamic pricing, the price generally changes according to variables specifically not customer-related. Prices might be altered based on time of day, available supply, competitors’ prices, or maybe, just maybe, the volume of traffic to a product detail page. The price may […]

The Future of Retail: Electronic Shelf Labels Market Will Increase 10-Fold in Next Five Years | Yahoo! Finance

The Future of Retail: Electronic Shelf Labels Market Will Increase 10-Fold in Next Five Years | Yahoo! Finance

OYSTER BAY, New York, March 28, 2017 /PRNewswire/ — As retailers increasingly struggle to effectively match online pricing, digitize their physical stores, meet new order fulfillment models, and streamline the shopping experience, electronic shelf labels (ESLs) are gaining market momentum. ESLs will hit the mass market and accrue more than $4 billion in global revenues by […]