Tag: Grocery Pricing

How the Germans are winning the supermarket war | Switzer

How the Germans are winning the supermarket war | Switzer

There has been a resetting in consumer’s attitudes post the global financial crisis (GFC). Prior to the GFC, shopping at ALDI might have been slightly frowned upon but shopping at ALDI can now mean you’re a frugal, savvy and switched on shopper. The hard-discounters, retailers with a limited product range, low prices and a convenient […]

Walmart’s size may not shield it from rising prices | Providence Journal

Walmart’s size may not shield it from rising prices | Providence Journal

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, […]

Kraft Heinz tops estimates with higher pricing, shares surge | Reuters

Kraft Heinz tops estimates with higher pricing, shares surge | Reuters

(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 […]

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

Intelligent pricing could help to eliminate waste from luxury brands, says Blue Yonder | Retail Times

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, […]

5 price strategies for farmers | Farm and Dairy

5 price strategies for farmers | Farm and Dairy

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 […]

Food Delivery Discount Service Increases Sales During Restaurant Off-Peak Hours | Foodable Network

Food Delivery Discount Service Increases Sales During Restaurant Off-Peak Hours | Foodable Network

Though delivery has proven to be a huge market with the likes of UberEats and Grubhub snatching up restaurant dollars, it has also proven to be extremely expensive for operators and, consequently, for consumers. According to Forbes, Restaurants could pay anywhere between 11% and 45% commission on each order if they sign up for a […]

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 […]