Tag: Price Matching Policies

Setting the right price key to success | Prince George Citizen

Setting the right price key to success | Prince George Citizen

Have you ever bought something and thought that there is something not right about the price? Maybe it seemed too cheap or you felt like you were getting ripped off? Pricing is tricky business and stressful for many business people. Are we too high and scaring away customers? Our competitors are priced lower than us, […]

Back-to-school spending to remain flat at $27B | Retail Dive

Back-to-school spending to remain flat at $27B | Retail Dive

“At the end of the day, retailers need to remember that the key to capturing their share of wallet during the crucial back-to-school season is all about nailing the customer experience,” Shannon Andrick, vice president of marketing advancement for Alliance Data’s card services business, told Retail Dive in an email. “Digital-savvy consumers – college students […]

Supreme Court restricts patent holder’s bounds | Albuquerque Journal

Supreme Court restricts patent holder’s bounds | Albuquerque Journal

A century ago, the corporate predecessor to Columbia Records sold its patented, cylinder-spinning Graphophones to a dealer with the condition that the dealer would retail them at a fixed price. When the dealer offered the machines at a discount, the corporation sued. But it didn’t sue for the broken contract (which was then illegal under […]

A Former Amazon Employee Has a Warning For Brands | Racked

A Former Amazon Employee Has a Warning For Brands | Racked

A report last week suggested that Nike was close to inking a wholesale partnership with Amazon, causing many to cringe just thinking about the effects such a deal would have on struggling retailers. Nike, however, would come out ahead, as it could potentially see an additional $300 to $500 million in sales. Former Amazon employee […]

If You Shop at Wal-Mart, You’re Going to Hate Its Latest Anti-Amazon Strategy | Money Morning

If You Shop at Wal-Mart, You’re Going to Hate Its Latest Anti-Amazon Strategy | Money Morning

Wal-Mart Stores Inc. (NYSE:WMT) is ditching its most well-known pricing strategy in an effort to compete with e-commerce leviathan Amazon.com Inc. (Nasdaq: AMZN). To encourage consumers to use Wal-Mart’s app and online store to shop for merchandise, the company has decided to eliminate its price-matching policy at over 800 of its 5,000 stores nationwide – […]

Price War: Retail’s Latest Self-Destructive Addiction | Retail Touch Points

Price War: Retail’s Latest Self-Destructive Addiction | Retail Touch Points

Because the pricing lever is so easy to pull and generates quick results for investors, retailers are often tempted to make quick, gut decisions to generate foot traffic with low prices. But this addiction is unstainable and not an isolated incident. Major companies are buckling down for bigger investments on price in the absence of […]

Will You Match Your Competitor’s Price? | Business2Community

Will You Match Your Competitor’s Price? | Business2Community

When it comes to pricing, there are countless strategies that companies rely on. Schools of thought vary on how to price for success, and entire books can and have been written on the subject. But the question for this post is a very basic one: Will you match your competitor’s price? This is a question […]

The Leadership Playbook: Allowing Your Sales Force to Change Your Strategy | The Sales Blog

The Leadership Playbook: Allowing Your Sales Force to Change Your Strategy | The Sales Blog

Sale leaders underestimate just how much impact their sales force can have on the execution of their strategy. If you do not intend to lead with price, competing on price is a change of strategy. “But we are not competing on price,” you say, “We are competing on value.” This may or may not be […]

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 […]

Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands | Recode

Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands | Recode

Last month, Walmart gathered some of America’s biggest household brands near its Arkansas headquarters for a tough talk. For years, Walmart had dominated the retail landscape on the back of its “Everyday Low Price” guarantee. But now, Walmart was too often getting beaten on price. So company executives were there, in part, to reset expectations […]