Tag: Price Comparisons

The Importance of Pricing for UK Retailers | The Market Mogul

The Importance of Pricing for UK Retailers | The Market Mogul

Pricing Importantly, offering discounts must be combined with an effective digital marketing strategy – and this is where Debenhams went wrong despite the price cuts. Brick-and-mortar shops have been closing, including those of Marks & Spencer, Toys R Us and Forever 21. Retailers must become more flexible and adapt to consumers who are offered more […]

Keeping legal pot prices in Canada at optimum level will be tricky | Toronto Star

Keeping legal pot prices in Canada at optimum level will be tricky | Toronto Star

Ottawa wants prices to be low enough to starve the illegal market, but not so low that they lead to excess use. To achieve that, provinces will have to use a combination of tax and pricing strategy. Liberal MP Bill Blair, who is leading the federal government’s legalization effort, said the price of pot will […]

US Grocers Face More Than Just Amazon | The Epoch Times

US Grocers Face More Than Just Amazon | The Epoch Times

Traditional food retailers are facing challenges from online retailers as well as discounters. According to market research firm YouGov, online grocery market sales will reach $30 billion in 2021, up from $12 billion in 2016. While online retail emphasizes convenience and efficiency on the higher end of the market, discount retailers put additional pressure on […]

Altering prices of 7 food groups could save 23K lives per year in US | Cardiovascular Business

Altering prices of 7 food groups could save 23K lives per year in US | Cardiovascular Business

The authors found that a 10 percent decrease in fruit prices would result in a 15.5 percent increased consumption rate among individuals who didn’t complete high school, a 14.2 percent increase among those who completed high school or some college, and a 13.1 percent increase among college graduates. On the other hand, a 10 percent […]

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

People looking for health care coverage aren’t using price transparency tools to shop around for cheaper providers. Instead, says a new study, they use them to plan for out-of-pocket expenses. The Accenture study, reports Modern Healthcare, gives the lie to the claim that consumers will shop around for the cheapest providers if they know the […]

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

The majority of healthcare consumers use price transparency tools to financially plan, a new survey found, contradicting claims that consumers will shop around for the cheapest providers if they know the price before obtaining care. The survey, released this week by Accenture, reported that nearly half of consumers, 46%, seek price information to budget for […]

Grocers of the future: Room enough for both Amazon and Aldi | YouGov

Grocers of the future: Room enough for both Amazon and Aldi | YouGov

If the Price is Right Retail revenue, particularly for food, has increased by as much as 86% between 1992 ($337 billion) and 2016 ($627 billion). Data from YouGov Profiles reveals that retailers like Walmart, Kroger, Albertsons, Costco, and Sam’s Club make up 40% of the market share, but competition is tight between these giants. Consumers […]

HERO Sales Aggressively Smashed by Minimarket Operators | netral english

HERO Sales Aggressively Smashed by Minimarket Operators | netral english

“In the food business, competition is getting tighter as the minimarket operators continue to invest heavily in the development of their business networks,” Deutsch said, Saturday (10/28/2017), in a written statement. To anticipate this, he emphasized several initiatives to improve the company’s ongoing food business performance including reviewing the promotion and pricing strategy among the […]

Aldi spurs 3% price drop in SoCal grocery market | Food Dive

Aldi spurs 3% price drop in SoCal grocery market | Food Dive

Dive Brief: Aldi’s entry into the Southern California market has contributed to a 3% average price reduction on basic grocery items throughout the region, according to the Orange County Register, citing data from Strategic Resources Group. Price deflation has also contributed to the price decline. Since entering the Southern California market last March, Aldi has […]

Why furniture retailer Freedom Australia is cutting prices on 5,000 items and ditching flash sales | SmartCompany

Why furniture retailer Freedom Australia is cutting prices on 5,000 items and ditching flash sales | SmartCompany

Furniture retailer Freedom Australia says it is moving away from “potentially confusing” rolling sales in favour of an everyday low prices strategy, but one expert says completely removing the rush that sales events prompt could present challenges for the business. The 36-year-old furniture and homewares business told Inside Retail this week that its new strategy will […]