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Tag: omnichannel retailing

Manufacturers Prioritise Direct-to-Consumer eCommerce stores as They Accelerate Their Approach to Selling Online | MilTech

Manufacturers Prioritise Direct-to-Consumer eCommerce stores as They Accelerate Their Approach to Selling Online | MilTech

In addition, there are further challenges of working with Amazon, respondents named three in particular: the ability to manage product reviews, concerns around fulfilment, and the ability to control their own pricing strategy. WBR conducted research with 130 senior decision makers at major manufacturers in Europe and the USA. Survey respondents included; VPs, Heads of […]

Curbs on dynamic pricing on flights from Kerala | The Hindu

Curbs on dynamic pricing on flights from Kerala | The Hindu

The Civil Aviation Ministry has stepped in to curb exorbitant dynamic pricing resorted to by airlines for flights operated to and from the Thiruvananthapuram, Kochi and Calicut international airports to West Asia during the festive season. Responding to the demand of Non-Resident Keralites (NorKs) raised by Chief Minister Pinarayi Vijayan at a meeting of the […]

Civil Aviation Ministry puts brakes on dynamic pricing | The Hindu

Civil Aviation Ministry puts brakes on dynamic pricing | The Hindu

The Civil Aviation Ministry has stepped in to curb exorbitant dynamic pricing resorted to by airlines for flights operated to and from the Thiruvananthapuram, Kochi and Calicut international airports to West Asia during the festive season. … “It is a good offer and a positive one,” the Chief Minister responded to the suggestion mooted by […]

VAT may impact price strategy at GCC hotels: report | GulfNews.com

VAT may impact price strategy at GCC hotels: report | GulfNews.com

Hotel operators in the Gulf region may need to modify their room rates and their overall fee strategy starting next year to continue to appeal to consumers following the introduction of Value-Added Tax (VAT). VAT, which will be imposed at a 5 per cent rate starting 2018 across the GCC (Gulf Cooperation Council), has the […]

The hidden sides of ‘dynamic pricing’ for airline tickets | LSE Business Review

The hidden sides of ‘dynamic pricing’ for airline tickets | LSE Business Review

A standard definition of dynamic pricing in airline markets typically focuses on how fares evolve over the booking period that precedes a flight’s take-off. Our research shows that such a definition is lacking because it fails to connect fare changes to some guiding principles of revenue management, defined as the combined methods used by carriers […]

Are Retailers Killing True Free-Market Pricing? | Talkmarkets

Are Retailers Killing True Free-Market Pricing? | Talkmarkets

On the surface, online shopping seems to favor shoppers. It’s easy to compare prices, shipping cost and time, sales tax, and other factors to get the best deal. Retailers have to offer lower prices to make you buy, right? Well, maybe. Last week, I read a fascinating Atlantic Monthly article by Jerry Useem: “How Online Shopping Makes […]

Does Online Shopping Mean the End of Fixed Prices? | Fortune.com

Does Online Shopping Mean the End of Fixed Prices? | Fortune.com

In a week with the usual litany of bad news for brick-and-mortar retailers, The Atlantic offers an in-depth look at one of online sellers’ biggest advantages—data-driven dynamic pricing. It’s a tactic familiar to anyone who has watched items in their Amazon basket change price over the course of a day (or an hour)—but traditional retailers […]

New Nike pricing strategy worries analysts | Portland Business Journal

New Nike pricing strategy worries analysts | Portland Business Journal

As it seeks to navigate a bruising retail environment and possibly responds to pressure from rivals, Nike has changed how U.S. retailers price its products. The sportswear giant will let retailers advertise 25 percent discounts on Nike merchandise year round. … Nike declined to confirm details or comment on specifics, but said in a statement […]

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

Because customers often don’t distinguish between channels, customers expect the same products, prices, services, offers and promotions whether they are online, instore or on their mobiles. It’s therefore vital that fashion retailers ensure their propositions and consumer experiences are consistent across all channels. The challenge here for many fashion retailers is how to ensure this […]

EU Commissioner Warns Companies of Potentially Unlawful Use of Pricing Algorithms | The National Law Review

EU Commissioner Warns Companies of Potentially Unlawful Use of Pricing Algorithms | The National Law Review

Commissioner Vestager’s speech comes amidst increased enforcement into online practices and mirrors the concerns and recent enforcement activity by national competition authorities.  In August 2016, the UK Competition and Markets Authority issued an infringement decision against two online sellers of poster and frames for using automated re-pricing software to implement their price-fixing agreement. The German […]