Tag: High-low pricing

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 […]

Pricing Psychology: The Choice between Yes and Yes | Psychotactics

Pricing Psychology: The Choice between Yes and Yes | Psychotactics

We gave customers the choice between a yes and um..NO! Almost within 24 hours, our sales started going south for no reason at all. We ignored this sickening slack for about a week. Then we looked back at what was working. And we put back the choice between yes and yes. The customer was back […]

Staples to Close 50 Stores and Focus On Mid-Market | RIS News

Staples to Close 50 Stores and Focus On Mid-Market | RIS News

Staples Inc. is still on track to close at least 50 stores this year and over the next three years, an average of 225 store leases will expire per year in North America. Over the past three years, the office supply company has closed more than 300 stores in North America. The company said the […]

How to succeed online with promotional pricing | Internet Retailer

How to succeed online with promotional pricing | Internet Retailer

In today’s online retail landscape, attracting customers without pricing yourself into the red can feel impossible. Consumers can now compare prices with the click of a button, and they’ve been trained to expect promotions and discounts. To thrive in this world of savvy shoppers and complete price transparency, retailers need to revamp their promotional pricing […]

The Old-School Pricing Technique That Still Works | Inc.com

The Old-School Pricing Technique That Still Works | Inc.com

According to some source, Amazon is slowly phasing out list prices because they’re arbitrarily high. In most cases, the “discount” price is the real price, so why bother pretending otherwise? It’s hard to believe that Amazon would take such a radical step unless they were fairly certain that across-the-board discounting was no longer driving higher sales. […]

Do Shoppers Benefit When Stores Use Everyday Low Pricing? | Psychology Today

Do Shoppers Benefit When Stores Use Everyday Low Pricing? | Psychology Today

Shoppers say they want stores to use EDLP but don’t behave as if they do. Over the years, in survey after survey, consumers say they would be happier with stores that offered them consistently low prices instead of wild price swings. In other words, shoppers say that they don’t like to be tempted with sales. […]

UK grocery retail shifts focus to every day low pricing strategy, Shoppercentric reports | Retail Times

UK grocery retail shifts focus to every day low pricing strategy, Shoppercentric reports | Retail Times

A new industry report has been launched today by leading independent shopper research agency, Shoppercentric. Carried out amongst 88 food and drink brand owners and design agencies involved in the commissioning or design of Point of Sale (POS) – provided by the IPM – and 10 pre-recruited shopper-agents, the research findings cast a light on POS influences on […]

Pricing psychology tips that work | nwbablog

Pricing psychology tips that work | nwbablog

Whether you’re selling a new product or thinking about repricing your existing products, choose a price that will maximize your profit with these pricing psychology tips. Pricing psychology involves more than assigning a dollar amount to a product. It’s about understanding the psychology of your buyers, and creating a price point that satisfies cognitive needs […]

Pricing Psychology: 10 Timeless Strategies to Increase Sales | Help Scout

Pricing Psychology: 10 Timeless Strategies to Increase Sales | Help Scout

Pricing strategy can be challenging, complex, and offers no shortcuts. This reality makes “winging it” an enticing option when you don’t know where to begin. But that’s the wrong move to make; smart pricing is deliberate. While intuition plays a role and you’ll learn more from getting your hands dirty than armchair analysis, it can […]