Recently, there has been buzz surrounding two salons in the Logan Square neighborhood of Chicago for their pricing system. Counter to the traditional method of charging clients for men’s or women’s cuts, Barbara & Barbara and Logan Parlor salons price based on hair length, with a mission of creating an inclusive environment for clients. “From a social […]
So this is the kind of gap that sneaks up on you. In 1994, the state of California published a study on the average annual cost of consumer product goods and found that women paid on average $1,351 more per year for equivalent products as men. Now put that in today’s dollars and…you get the […]
Go to your local pharmacy and look at the shaving aisle. You’ll almost certainly find that if you pick up, say, a silver and black men’s razor, it’ll cost less than a razor decked out in pink and marketed to women. Yet the two products serve the exact same purpose. It’s a practice known as […]
Dive Brief: The so-called “pink tax” remains legal in California for the time being after a bill outlawing differential pricing based on gender was withdrawn by its sponsor, state Sen. Ben Hueso, a Democrat from San Diego, the Los Angeles Times reports. California’s Assembly Judiciary Committe was expected to vote on the legislation Tuesday after the […]
California outlawed sex discrimination against business customers in 1959, but it’s apparently still legal — or at least still accepted in practice — to charge females more than males for the same basic products. A state legislator said at a recent hearing that he had seen a blue package of 12 Gillette Sensor disposable razors […]
Nobody enjoys a price hike. From concert venues extorting £10 drinks from their captive audiences, to Martin Shkreli’s infamous 5,000% drug price increase, hiking up prices just because you can is unfair to customers, and often ends up disproportionately impacting a specific group. Every small business has to make a profit, and structuring your pricing […]
A Target spokesperson said the company lowered the price of the pink scooter after the report was released Friday, calling the discrepancy a “system error.” (The retailer blamed the same kind of glitch last year after catching heat for selling black Barbies at more than double the price of white Barbies.) When asked about the price differences […]
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. This Edition is Sponsored by: Asia Pricing Professionals Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise the […]
During a recent web search I came across an article about a French women’s group caught my eye. The group, Georgette Sand, is taking a stand against price discrimination directed at female consumers. As a pricing professional, price “segmentation” is something that I am not opposed to. In fact, if a company can pull it […]
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. This Edition is Sponsored by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based […]
This Week in Pricing > 5/27/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
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: SPOSEA B.V. SPOSEA B.V. drives increased profitability for SAP users by SIMPLIFYING […]
Workshop: Atlanta Pricing Workshops | PPS
We’re bringing 2 days of Pricing Workshops to Atlanta! August 1-2 we will have 7 workshop options designed to bring you the most up-to-date pricing information & knowledge. Don’t miss your opportunity to join us in Atlanta at the “Summer School for Pricing.” Completion of the workshop & quiz will allow you to receive a […]
Deploying machine learning in insurance pricing | pwc blog
Insurers have been investigating the deployment of machine learning techniques in the pricing arena, seeking to exploit the speed at which models can be built and refreshed compared to the use of more traditional generalised linear modelling techniques. Machine learning techniques offer significant advantages over these traditional models, including the availability of various types of […]
United Airlines: Four Seats Worth $1.5 Billion? | Time.com
Many things are baffling about the decision by United Airlines employees to have a passenger dragged bleeding from one of their airplanes as other patrons taped the debacle on their smartphones. But with company CEO Oscar Munoz declaring that he “emphatically” backs the employees despite a plunge in the company’s stock price, it’s amazing that […]
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