Tag: Grocery Pricing

B&Q to invest £100 million in new pricing strategy | Business Insider

B&Q to invest £100 million in new pricing strategy | Business Insider

The retailer’s new strategy has already seen it drop prices on 2,000 items, with an average saving of 15%. It plans to lower prices on more products later in the year. Parent group Kingfisher, which comprises a host of DIY brands including B&Q and Screwfix, has unified the buying functions across its divisions, helping it […]

Startup’s solution lowers prices on food as expiration date approaches | Food Dive

Startup’s solution lowers prices on food as expiration date approaches | Food Dive

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, […]

Target narrows pricing gap with Walmart | Food Dive

Target narrows pricing gap with Walmart | Food Dive

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. […]

Tesco and Carrefour say ‘strategic alliance’ will cut prices | BBC News

Tesco and Carrefour say ‘strategic alliance’ will cut prices | BBC News

Harder fight “Another price war is now looming in the UK supermarket sector,” said Laith Khalaf, senior analyst at Hargreaves Lansdown. “The latest Tesco partnership looks like a direct response to the threat posed by the proposed merger of Sainsbury’s and Asda, who will have access to the global buying power of Walmart as a […]

Tesco to end Brand Guarantee | IGD Retail Analysis

Tesco to end Brand Guarantee | IGD Retail Analysis

Tesco has announced that it will end its Brand Guarantee scheme on July 16th in order to strengthen funding in everyday low prices. Price investment stepped up The move follows significant investments in price, particularly in fresh lines towards the end of Q1, and more generally across its product offer. These investments mean that fewer […]

Price intelligently to stop food wastage | Khaleej Times

Price intelligently to stop food wastage | Khaleej Times

So, let’s see how. Empirical data proposes that 70 per cent of all food delivery or take-out orders are placed using mobile. This is because mobile telephones are the most preferred means for browsing the Internet. Statistics show that despite the increase in the number of mobile phone users globally, these devices are being used […]

Costco, Target and Walmart are in a price war | CNN Money

Costco, Target and Walmart are in a price war | CNN Money

All four companies have said in recent months that they lowered prices. Costco: “Price is at the top of our list,” Costco chief financial officer Richard Galanti told investors on Friday. “When prices are going down…we want to be the first to go down.” Costco (COST) is using its tax cuts savings to invest in […]

Walmart targets Cincinnati home delivery market with ‘transparency’ pitch | WCPO

Walmart targets Cincinnati home delivery market with ‘transparency’ pitch | WCPO

“The great low price you see on produce, on consumables, on soup and crackers, it’s always the same low price online as they are in stores,” said Walmart spokeswoman Molly Blakeman. “That’s a big deal.” Similarly, Walmart’s delivery fee of $9.95 per order doesn’t change if you hit a certain order threshold, she added, and […]

Bar in KL Gets Massive Backlash Due to Increased Prices Despite GST Removal | WORLD OF BUZZ

Bar in KL Gets Massive Backlash Due to Increased Prices Despite GST Removal | WORLD OF BUZZ

A restaurant in Bangsar has come under fire for an increase in prices of their food, even though they’ve removed the 6% GST. Netizens exclaimed that by right, with the removal of GST, business owners should not be hiking their prices instead. The government body acted swiftly and sent officers over to the establishment to […]

Call for fresh debate on removing GST from food | Jersey Evening Post

Call for fresh debate on removing GST from food | Jersey Evening Post

Andrew Bagot, managing director of Alliance, has called on the States to debate the removal of the five per cent tax from food to help bring costs down so that they are comparable with the UK. And, in a move he hopes will start a wider debate about food pricing in the Channel Islands, Mr […]