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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
Right after the Department of Fisheries and Oceans Canada slashed the total allowable catch (TAC) for the Newfoundland and Labrador region 22 percent to 35,419 tons, crab harvesters received bad news on pricing. On 4 April, the Standing Fish Price Setting Panel set raw material crab prices at CAD 4.39 (USD 3.27, EUR 3.07), an […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing […]
Elmer Fudd Should Not Lead Your Pricing Strategy| Strategic Pricing Solutions
One of the more common things we see is pricing strategies and tactics succumbing to fear, uncertainty and d-doubt (FUDD). When that happens, companies frequently begin a cycle of value-destroying pricing decisions. You can prevent those decisions by recognizing the symptoms and stopping Elmer Fudd from leading your pricing strategies. The fear component of Elmer […]
Amazon.com, Inc. (AMZN) Stock’s Whole Foods Buyout Is Strategically Smart | InvestorPlace
Market Caught Off-Guard Market participants clearly did not expect the WFM stock acquisition. Target Corporation (NYSE:TGT) and The Kroger Co. (NYSE:KR) fell 5% and 9%, respectively, following the news. Amazon.com’s aggressive pricing strategy and effective online business model will add even more pressure on those companies. Still, integrating Whole Foods with Amazon.com may have some […]
This Week in Pricing > 6/24/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations […]
As grocery shoppers work to digest Amazon’s massive acquisition of Whole Foods for $13.7 billion, the digital storefront recently scored a victory that aims to reinforce the company’s growing investments in brick-and-mortar retail. Amazon was awarded a patent May 30 that could help it choke off a common issue faced by many physical stores: Customers’ […]
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