Tag: pricing tricks

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

Blue Yonder’s algorithm breaks down decisions to the finest grain possible, the Professor says, so that supermarkets can cut waste while also ensuring they don’t run out of stock. However, there is always a trade-off between the two and ultimately the supermarket makes the final decision. Blue Yonder can also change the prices of items […]

Jet2holidays’ January campaign ruled misleading | TTG Media

Jet2holidays’ January campaign ruled misleading | TTG Media

Jet2holidays argued that its dynamic pricing model meant that prices fluctuated during the sale period. However, the ASA ruled that ‘despite having an appreciation of these price fluctuations, in the absence of further information about the basis of any savings claims made, consumers would be unable to have an informed understanding of whether or not […]

Baltimore sues companies in alleged water treatment chemical pricing conspiracy | Baltimore Sun

Baltimore sues companies in alleged water treatment chemical pricing conspiracy | Baltimore Sun

Baltimore sued 18 chemical manufacturers in federal court Monday, alleging that the city fell victim to a conspiracy designed to drive up the cost of the water treatment chemical alum over the course of a decade and a half. The lawsuit seeks at least $5 million in compensation. The FBI and federal prosecutors have been […]

Carpet firm rapped by advertising watchdog | Insider Media Ltd

Carpet firm rapped by advertising watchdog | Insider Media Ltd

A South Yorkshire carpet retailer has been rapped for a misleading advert over its pricing strategy. A radio ad for Wilsons Carpets heard in December 2016 stated “Our every-day low prices are always lower than anyone else, sale or no sale, any day of the year! That’s what we mean by our price guarantee.” However, […]

California Burlington Coat Factory Deceptive Pricing Class Action Settlement | Top Class Actions

California Burlington Coat Factory Deceptive Pricing Class Action Settlement | Top Class Actions

Burlington Coat Factory of California LLC has agreed to settle a class action lawsuit alleging it used deceptive “Compare” reference prices on price tags which led customers to believe they were receiving a bargain over the same merchandise sold at other retailers. If you purchased items from a Burlington Coat Factory store in California or […]

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

The fines, which amount to $200,000 for Virgin and $545,000 for Jetstar, were handed down in the Federal Court on Tuesday, following its finding in November 2015 that their use of “drip pricing” techniques was in contravention of Australian consumer law. “I think this is a very big deal,” said Rod Sims, chairman of the Australian Competition and […]

Don’t fall for deceptive pricing practices | The Boston Globe

Don’t fall for deceptive pricing practices | The Boston Globe

Everyone knows that one store where there’s always a good deal to be had, a shop with frequent markdowns of 20, 40, even 60 percent. But the bargains might not be nearly as good as they appear. Constant deep discounts can be a sign of deceptive — and perhaps illegal — pricing strategies. In fact, […]

LA prosecutors sue giant retailers for deceptive pricing | Daily Mail Online

LA prosecutors sue giant retailers for deceptive pricing | Daily Mail Online

The suits allege the retailers illegally engaged in the business practice known as “false-reference pricing” to make customers believe they are “getting a good deal.” For example an item can be advertised as being on sale for 50 percent of the original price, even though the retailer never sold it at that original price. … […]

Decoy Effect: Sell Bigger And Better | TwoFeet Marketing

Decoy Effect: Sell Bigger And Better | TwoFeet Marketing

While most people think that increased time spent prospecting and selling will earn you more profit, the truth is, that there are numerous tactics to profit maximisation. Cost efficiency exercises and rising prices are two, easy to implement, strategies. Another two are pricing strategy analysis and using the decoy effect to encourage customers to buy […]

China coal fumble casts doubt on its global commodities pricing goal | Reuters

China coal fumble casts doubt on its global commodities pricing goal | Reuters

Unprecedented steps by Beijing to snuff out a months-long rally in coal prices are casting fresh doubts on China’s drive to become a global price-setting hub for commodities worth trillions of dollars. The world’s top consumer of many raw materials has been pushing to boost its influence on pricing of everything from iron ore to […]