The company said that it believed yield management, in which different prices for products are charged at different times, will “transform the restaurant industry” BigDish Plc (LON:DISH) said it has identified yield management, a form of dynamic pricing structure, as an opportunity to expand business in its Asian markets. The company, which operates a discount […]
When we launched Uber Freight last year, our goal was to revitalize an industry and help freight move seamlessly and effortlessly around the country. Our first step towards achieving this was empowering carriers and their drivers, the heart of the trucking industry, with technology to help them succeed. With the Uber Freight app, we introduced […]
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, […]
(Reuters) – Kraft Heinz Co (KHC.O) topped quarterly profit and revenue estimates on Friday as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States for the first time in several quarters. Shares in the Chicago-based company rose as much as 9.4 percent, the stock’s biggest percentage gain in 18 […]
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, […]
So he heads to Taco Bell where, for a mere $5, he can load up on one of the chain’s meal deals. On a budget, his $5 haul usually serves as dinner, but occasionally, he’ll save some of the food for the following day. “Value is important; it keeps me coming back,” Jones said. In the fast-food […]
A price strategy can help farmers attract new customers, increase sales volume, boost revenue and gain access to new markets. The following five strategies work well in direct sales channels such as farmers’ markets, farm stands, Community Supported Agriculture, retail, restaurant and institutions. 1Penetration pricing Penetration pricing attracts customers with a low price for a […]
My concern about this is personal. Without my opportunity to start as a grill man, I would have never ended up running one of largest fast food chains in the world. I started working at McDonald’s making the minimum wage of 85 cents an hour. I worked hard and earned a promotion to restaurant manager […]
In the fight against food waste, a high-tech solution similar to the one Wasteless offers is one potential weapon. Lowering prices on products as they approach their sell-by dates could motivate more shoppers to make a purchase and generate revenue on products that would otherwise be tossed out. According to the U.S. Department of Agriculture, […]
While the Clark Howard comparison is an informal look, research from data scientists backs up the consumer advocates’ work. Earlier this year, Profitero found that the most intense price competition is among Walmart, Target, Jet and Amazon. On average, the average online prices of those first three combined are just 4.5% more than Amazon, Profitero found. […]
This Week in Pricing > 10/20/18
This Week in Pricing is a collection of pricing focused news, thought leadership , events, jobs and professional education resources for pricers. 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 interested in embedding value-based methodologies in their […]
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: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption […]
Pricing Practitioners: Are you winning the data intelligence game? | Pricing Matters
PPS Fall Session to Showcase Intelligent Data-Driven Pricing Strategies Today, commercial pricing success demands new ways of managing data. Pricing organizations are tasked with managing increasingly large and complex data sets coming from diverse sources that change rapidly. As a result, there is a failure to operationalize pricing strategy over a long-term horizon. Pricing organizations […]
The Need for a NexGen CPQ Solution | Pricing Matters
Price optimization to unlock ROI potential The Configure-Price-Quote (CPQ) software market growth is exploding. According to Gartner, CPQ market revenue was approximately $878 million in 2016, with a 20% CAGR expected through 2020. However, CPQ is not new, and many organizations that have invested in CPQ solutions are failing to meet expected ROI. So, what’s […]
Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists | The Western Journal
President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday. “If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News. Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid […]
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