Tag: omnichannel retailing

Why Dynamic Pricing is Important for E-commerce Retailers | The Inscribe Mag

Why Dynamic Pricing is Important for E-commerce Retailers | The Inscribe Mag

Want your pricing system to adjust to market conditions in real time? Want to keep up with your competitors 100 percent of the time? Dynamic pricing might just be your savvy solution! Also known as demand pricing or time-based pricing, dynamic pricing is a variable pricing strategy which changes in response to real-time demand and […]

Artificial Intelligence Set in Motion | WebWire

Artificial Intelligence Set in Motion | WebWire

Over the summer holidays, my students and I returned from a field trip to Silicon Valley where we observed its latest technology and trends. Although its main up-and-coming tech such as AI(Artificial intelligence)/Big Data, robot technology, AR/VR, autonomous car, and blockchain was more or less what we expected, we learned a great deal from observing […]

Samsung cuts prices of top-selling TVs by up to 15% | The Economic Times

Samsung cuts prices of top-selling TVs by up to 15% | The Economic Times

KOLKATA: Samsung Electronics cut prices of its top-selling television models for the second time in two months in an attempt to consolidate its leading spot and prevent loss of market share as it did in the smartphone segment, three senior industry executives said. The price reduction ranges from about 5% (Rs 1,000 to Rs 2,500) […]

Still looking for sales growth, Procter & Gamble Co. hikes prices | WCPO

Still looking for sales growth, Procter & Gamble Co. hikes prices | WCPO

CINCINNATI – Procter & Gamble Co. announced price increases on four of its biggest brands Tuesday, even as it announced weaker than expected sales growth for its final quarter of its 2018 fiscal year. P&G said it’s in the process of raising prices on Pampers diapers in the U.S. by an average of 4 percent, […]

Top Predictions For AI, Big Data, Pricing By 2025 | Retail TouchPoints

Top Predictions For AI, Big Data, Pricing By 2025 | Retail TouchPoints

Prediction #1: AI will emerge as your new shopper. The advent of digitalization has resulted in the explosion of data available to retailers — from detailed store and online transaction logs to competitive pricing data. Companies will have more data than they have traditionally been able to handle. This is the perfect storm for Artificial […]

The Car Dealership As An Omnichannel Seller | PYMNTS.com

The Car Dealership As An Omnichannel Seller | PYMNTS.com

Car dealers and auto groups want to put their vehicles on the information superhighway – and for good reason: According to a report from Bain & Company, nearly half of car buyers begin their process online. And consumers may prefer car dealerships that offer eCommerce options: Seven out of 10 consumers are more likely to […]

New Paradigms in Retail with AI and Big Data | tapscape

New Paradigms in Retail with AI and Big Data | tapscape

Pricing  Strategies Here too, customer decisions, market trends and prices etc can be analyzed and better pricing decisions can be made in different segments – low price, good quality at competitive price, and premium brands and products with higher prices. There will be different segments of customers for each of these. Price optimization software can […]

Do Shoppers Like Dynamic Pricing — Let’s Review Some Data | Evans on Marketing

Do Shoppers Like Dynamic Pricing — Let’s Review Some Data | Evans on Marketing

“For retailers, top pricing pressures involve keeping up with competition and reducing markdowns to be profitable. More niche — but also important — are issues around dynamic pricing. The practice of lowering or raising prices on the fly. According to an April 2018 survey by Forrester Consulting and Revionics, a majority of consumers worldwide (62%) are […]

Shoppers love dynamic pricing, but 25% of retailers are skeptical of its effectiveness | FierceRetail

Shoppers love dynamic pricing, but 25% of retailers are skeptical of its effectiveness | FierceRetail

As many as 65% of consumers are open to price changes throughout the day, especially if a product is reaching a sell-by date, according to a new report by Displaydata and Planet Retail RNG. And about half, 52%, are open to dynamic pricing if it is to price match, even though 25% of retailers are […]

Don’t get duped by dynamic pricing | TheSpec.com

Don’t get duped by dynamic pricing | TheSpec.com

I’m staring at my online shopping cart in disbelief. I like to plan ahead and budget my purchases, so I added a $27 pair of kid’s runners to my cart last week. Three days ago the price jumped to $35. Today the price is $24. It’s the same pair of shoes sold through the same […]