Tag: Ecommerce

Will price tracking win the travel management war? | Business Travel iQ

Will price tracking win the travel management war? | Business Travel iQ

Business travel management is like the frontline of a battle between two very well-matched adversaries. Although many people like to portray the interaction between travel buyers and suppliers as a friendlier type of encounter, the reality is that both sides are engaged in a long-term war, with both keen to get the best deal financially. […]

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 […]

Amazon already undercutting prices on over-the-counter pills | The Star Online

Amazon already undercutting prices on over-the-counter pills | The Star Online

NEW YORK: As pharmacy chains await Amazon.com Inc’s entry into the prescription-drug market, the online retail giant is already undercutting them for non-prescription medicine for aches, colds and allergies. Median prices for over-the-counter (OTC), private-brand medicine sold by Walgreens Boots Alliance Inc and CVS Health Corp were about 20% higher than Basic Care, the OTC […]

New Paradigms in Retail with AI and Big Data | tapscape

New Paradigms in Retail with AI and Big Data | tapscape

Pricing  Strategies Here too, customer decisions, market trends and prices etc can be analyzed and better pricing decisions can be made in different segments – low price, good quality at competitive price, and premium brands and products with higher prices. There will be different segments of customers for each of these. Price optimization software can […]

Amazon Unveils Prime In Australia At Half-Price; Will Australian Consumers Respond? | Forbes

Amazon Unveils Prime In Australia At Half-Price; Will Australian Consumers Respond? | Forbes

Amazon launched Prime this past week in Australia at half the price it charges in the U.S. For $6.99 AUD (or about $5.15 USD)  a month or $59 AUD a year (or just under $44 USD), Australians will now be able to get free two-business day delivery on some products and access to videos, e-books […]

Do Shoppers Like Dynamic Pricing — Let’s Review Some Data | Evans on Marketing

Do Shoppers Like Dynamic Pricing — Let’s Review Some Data | Evans on Marketing

“For retailers, top pricing pressures involve keeping up with competition and reducing markdowns to be profitable. More niche — but also important — are issues around dynamic pricing. The practice of lowering or raising prices on the fly. According to an April 2018 survey by Forrester Consulting and Revionics, a majority of consumers worldwide (62%) are […]

Shoppers love dynamic pricing, but 25% of retailers are skeptical of its effectiveness | FierceRetail

Shoppers love dynamic pricing, but 25% of retailers are skeptical of its effectiveness | FierceRetail

As many as 65% of consumers are open to price changes throughout the day, especially if a product is reaching a sell-by date, according to a new report by Displaydata and Planet Retail RNG. And about half, 52%, are open to dynamic pricing if it is to price match, even though 25% of retailers are […]

Amazon Could Still Disrupt The Prescription Drug Market | Forbes

Amazon Could Still Disrupt The Prescription Drug Market | Forbes

While list prices of drugs in the U.S. continue to grow at an annual clip of around 6%, real or net U.S. drug prices, including discounts and rebates, fell 5.6 percent in the first quarter of 2018. Pharmacy benefit managers (PBMs) appear to be successfully lowering net prices of drugs through higher rebates and co-payment […]

Amazon’s jewellery festival from May 27 | Deccan Herald

Amazon’s jewellery festival from May 27 | Deccan Herald

Some of the deals and offers include up to 10% off on gold coins, up to 50% off on making charges on gold jewellery, 100% off on making charges on diamond jewellery and up to 50% off on silver selection. The customers can also go through a detailed price break up across the pricing components […]

Pricer’s Points: eCommerce & Pricing: Threat or Opportunity? | Thomas Igou

Pricer’s Points: eCommerce & Pricing: Threat or Opportunity? | Thomas Igou

I had the fantastic opportunity to moderate a roundtable discussion on the topic at the 6th Annual Manufacturing Pricing Excellence in Milan and listen to different viewpoints. The one common thread among all pricing leaders in the face of the growth of ecommerce: “we cannot lose control of our prices.” There was no common thread, however, on […]