It’s no shell game: As the price per pound has skyrocketed over the last few months, the costs of lobster dishes on restaurant menus across the city have been off the charts as chefs have been looking to claw back some of the margins. A combination of lousy weather, international demand, and iced-over Canadian fisheries […]
If you’ve ever been to a restaurant between two and five o’clock, chances are pretty good that you walked into a near-empty establishment, with servers, hosts and kitchen staff waiting around until the dinner rush. Feedback wants to make those off-peak hours more productive by giving restaurants the ability to offer dynamic pricing and discounts […]
The move could raise awareness of Pret’s (and others) current flat pricing strategy. Pret a Manger has boasted its employees had given away 1.7 million free cups of coffee through its “random acts of kindness” scheme in its 2016 financial report — but the value of a free cup of coffee is not the same […]
According to the theories in classical economics, an equilibrium price of a product will be reached in a free market when supplies meet demands. When supplies remain stable, an increase in demands will result in a higher selling price for the product. Restaurants and hotels offer service products that are perishable in nature (e.g., restaurant […]
Does dynamic pricing really work? Referring back to the case of Bob Bob Ricard, a follow-up NPR report suggests that dynamic pricing works well for the restaurant. Ever since the restaurant implemented the new strategy, store traffic during the “normal” quietest times has nearly doubled. While the average check for two guests in the restaurant […]
LYNCHBURG, Va. (WSET) – A new app, called Spotluck, is debuting in Lynchburg and developers hopes it will bring dynamic pricing to the restaurant industry with a “gamified spin.” The app pioneers real-time discounts that fluctuate based on day, time, weather and other factors that impact restaurant occupancy. Their software yields higher discounts on rainy […]
It’s a bold move from an institution clearly aware of its status, willing to compromise something of its exclusivity, as owner Leonid Shutov notes: “To stay competitive, we need to be able to serve people a fantastic lunch without charging ridiculous prices … One of the ways of doing that is ensuring a more even […]
On Monday, the national restaurant chain Red Robin announced it would eliminate busboys at all of its 570 restaurants, as the company expects it will save $8 million in 2018 by doing so. Red Robin’s chief financial officer Guy Constant told attendees at the ICR retail conference, “We need to do that to address the […]
TORONTO – Signs announcing price increases and letters to employees slashing benefits have grown rampant in Ontario, revealing two very different approaches businesses have gravitated toward in the wake of province’s minimum wage hike. Some Tim Hortons franchises have faced significant backlash after cutting paid breaks and forcing workers to cover some of their dental […]
Subway has tried a variety of campaigns from a variety of agencies in the past few years aimed at getting customers to stop thinking about its $5 Footlong sub sandwich. Now it’s shaving a penny off that abandoned price point and hyping the price in the hopes of getting people to think about visiting the […]
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: Vistaar Vistaar is leading SaaS software provider that enables companies […]
“Alnylam’s proactive approach to working closely with Harvard Pilgrim far ahead of the drug approval date to develop a value-based agreement highlights its commitment to patients, patient access, and delivering meaningful outcomes to the healthcare system,” said Michael Sherman, M.D., M.B.A., Chief Medical Officer of Harvard Pilgrim Health Care. “By virtue of linking level of reimbursement […]
BCers tell gov’t survey they want ticket resales capped, bots banned | NEWS 1130
‘No teeth’: experts concerned resale price caps won’t be effective At least 53 per cent like the idea of capping prices at 25 per cent above face value, something local ticket broker Kingsley Bailey says is unrealistic, even though he supports the idea. “There’s no teeth in that because there’s an unlevel playing field. They […]
People in Carmarthen urged to boycott cinema over “horrendous” ticket prices | Wales Online
Reacting to news of the boycott, the cinema chain says that it offers “a number of discounted opportunities” and that customers can contact them if they want help in “understanding how to access these deals”. This response has further angered a group that has recently been set up to highlight the disparity in cost that […]
Bitcoin price LIVE: $43 billion in crypto value wiped in a five day rout | Express
Despite small gains in the late hours of the weekend, the cryptocurrency market suffered heavy losses last week. Prices appear to have found stability this morning, but most of the market has made a loss on the day. Bitcoin increased 0.63 percent to trade for $6,384.25, while Ethereum fell 2.67 percent to trade at $317.69. […]
Seniority Level: Mid-Senior level Industry: Food & Beverages Employment Type: Full-time Job Functions: Management, Accounting/Auditing, Finance Job Summary Manage the execution of pricing strategies at the area level to support company margin goals and area “Go to Market” strategy. Identify opportunities to increase sales and profit in area by conducting regular analysis, consulting with sales teams, and […]
Seniority Level: Mid-Senior level Industry: Electrical/Electronic Manufacturing Computer Software Telecommunications Employment Type: Full-time Job Functions: Management, Manufacturing Job Summary Brief Description The Pricing Manager will influence Infinera’s business strategy working with Sales and partnering with Product Management to set pricing structures for key strategic opportunities and prepare financial analysis that facilitate executive decisions. Role Candidate must be […]
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