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Tag: food pricing

Sainsbury’s and Morrisons continue to battle in the UK supermarket price war | Investomania

Sainsbury’s and Morrisons continue to battle in the UK supermarket price war | Investomania

The first and most obvious reason is that investors, especially long-term buy-and-hold investors, may receive less income for holding Sainsbury’s shares. For many investors, the reason they hold shares is for gradual capital growth and a dividend that could exceed the income return they are able to achieve from a bank account. As far as […]

Coles sticks to pricing strategy, but slow progress on Coles Express and Liquor | Australian Food News

Coles sticks to pricing strategy, but slow progress on Coles Express and Liquor | Australian Food News

Coles supermarket has signalled it will continue to invest in its ‘everyday low pricing’ strategy to win over customers. In reporting the financial results for the third quarter of its 2017 financial year, Coles Managing Director, John Durkan, said the supermarket needs to “continue to proactively invest in the customer” to maintain its market position. […]

How artificial intelligence could help you save money on groceries | Globalnews.ca

How artificial intelligence could help you save money on groceries | Globalnews.ca

Imagine walking into the produce aisle of your local grocery store and being able to look at a digital display, instead of a wrinkly plastic tab, to figure out the price of a head of lettuce. The prices displayed on the screen would change in real time based on a host of factors including inventory size and shelf […]

The restaurant industry overindulged — and now it’s paying the price | The Washington Post

The restaurant industry overindulged — and now it’s paying the price | The Washington Post

So what is going on with diners? Experts say a confluence of factors is likely driving their decision-making. For starters, many restaurants have seen high workforce turnover of late and are relying heavily on part-time help, leading to an uneven eating experience, said Bonnie Riggs, a restaurant industry analyst for NPD. “They’ve not paid enough […]

Pepsi Says Pricing Lifts Results–Update | Fox Business

Pepsi Says Pricing Lifts Results–Update | Fox Business

PepsiCo Inc. said higher pricing helped boost results in the latest quarter as volumes of its snacks and beverages in North America were pressured amid shifting consumer tastes. Chief Executive Indra Nooyi said first quarter profit and revenue, which topped Wall Street estimates, came “despite challenging food and beverage industry trading conditions in North America […]

Strengthening of the wholesale prices in 2016-17 also indicates a slow recovery in pricing power of industry | The Times of India

Strengthening of the wholesale prices in 2016-17 also indicates a slow recovery in pricing power of industry | The Times of India

The end of the fiscal year 2016-17 saw the wholesale price index (WPI) slump from a high of 6.6% in February 2017 to 5.7% in March. This is a respite from the persistent hardening of prices in the previous three months. But despite the gain the wholesale price index ended up at a three year […]

Illegal street vendor sues partner over exploitative pricing scheme | New York Post

Illegal street vendor sues partner over exploitative pricing scheme | New York Post

Last year, the fed-up food peddler sued Wu — even though he was participating in the illegal scheme, too — claiming she breached their contract by refusing to renew the permit at the agreed-upon price. In court papers, Wu denied that she “willfully” or “knowingly” entered into an unenforceable contract with him, although she did […]

Woolworths new price strategy is ‘psychological conditioning’ | The New Daily

Woolworths new price strategy is ‘psychological conditioning’ | The New Daily

A new ’round numbers’ pricing strategy which Woolworths says will help its customers is actually little more than a psychological ploy, according to a retail expert. The grocery giant announced on Thursday it is moving the prices of more than 20,000 products to round dollars and no cents. Woolworths director of buying and merchandise Steve Donohue […]

Deflation will end, but price wars are just beginning for retailers | Food Dive

Deflation will end, but price wars are just beginning for retailers | Food Dive

Retailers need to know their strengths and how they are different from their competitors, and then zero in on those areas. In its most recent earnings report, Tops Markets discussed two holiday pricing promotions that helped the company retain market share. Tops had enjoyed success with the promotions in the past, and knew its customer […]

U.K. Grocers Secretly Squeeze Customers as Brexit Bites | Bloomberg

U.K. Grocers Secretly Squeeze Customers as Brexit Bites | Bloomberg

U.K. grocers are finding creative ways of passing on Brexit-induced cost increases to consumers. If you’re shopping for candles or light bulbs, buyer beware. Unable to raise prices of staple goods from milk to Marmite because of tough competition from discounters and watchful tabloid newspapers, supermarket operators like Tesco Plc and Wal-Mart Stores Inc.’s Asda […]