Tag: race to the bottom

Just announced: T-Mobile is launching a cheaper unlimited wireless plan | WSOC-TV

Just announced: T-Mobile is launching a cheaper unlimited wireless plan | WSOC-TV

On its website, T-Mobile describes Essentials as a plan for people who mostly use their phone in the United States. The carrier says those who travel internationally may be better off with T-Mobile One. T-Mobile One is $70/month for a single line and $160/month for four lines, with taxes and fees included. A lot of […]

Algorithms feeding unsustainable price cuts online | Retail Dive

Algorithms feeding unsustainable price cuts online | Retail Dive

While consumers and sellers alike may think that Amazon itself is driving price competition, it’s now often third-party marketplace sellers, on Amazon and Walmart, that initiate price-based skirmishes, according to the report. Dynamic pricing algorithms have enabled retailers to detect every online price change, including temporary promotions, and that’s, “leading to race-to-the-bottom behavior and permanent drops […]

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Lessons learned from the EU’s algorithmic price war that ripped off consumers | SmartCompany

Algorithms used by the retailers In principle, a retailer or merchant could use the API provided by the platform to manage their pricing. Research at Northeastern University has shown that merchants on Amazon Marketplace that use algorithmic pricing have greater sales. However, merchants may not have algorithm design as a core skill. This was illustrated when a […]

Target narrows pricing gap with Walmart | Food Dive

Target narrows pricing gap with Walmart | Food Dive

While the Clark Howard comparison is an informal look, research from data scientists backs up the consumer advocates’ work. Earlier this year, Profitero found that the most intense price competition is among Walmart, Target, Jet and Amazon. On average, the average online prices of those first three combined are just 4.5% more than Amazon, Profitero found. […]

Using mobile predictive analytics to improve customer experiences | Mobile Business Insights

Using mobile predictive analytics to improve customer experiences | Mobile Business Insights

Predict customers needs and trends No one needs to tell retailers that they’re operating in a competitive landscape. Consumers now have more brands to buy from and more ways to buy than ever before. If a store doesn’t have the right item in stock, or the right price on that item, customers can find another […]

T-Mobile-Sprint merger: Will this lead to higher prices and fewer jobs? | USA Today

T-Mobile-Sprint merger: Will this lead to higher prices and fewer jobs? | USA Today

NEW YORK — A $26 billion merger between T-Mobile and Sprint would unite the cell-phone carriers that have have battled for customers by abandoning long-reviled payment plans and adding a relentless stream of perks. The question for the government regulators who must bless the deal, and all of us: are the good times over? Under […]

AMD Stock Jumps 14% On Strong First Quarter Earnings | Fortune

AMD Stock Jumps 14% On Strong First Quarter Earnings | Fortune

AMD’s stock, which has been on a rollercoaster this year, jumped 14% on Thursday in midday trading to $11.08. That’s still well down from the 10-year high of $15.65 hit last July, but 16% higher than the price just two weeks ago. That’s likely because part of Su’s struggle with Wall Street has nothing to […]

The Bears Are Right: Amazon Is Killing This Retailer | The Motley Fool

The Bears Are Right: Amazon Is Killing This Retailer | The Motley Fool

Analysts expect that pain to continue with the company’s revenue and earnings falling an estimated 1% and 25%, respectively, this year. When faced with these problems, retailers generally shutter weaker stores and cut costs. Yet Bed Bath & Beyond closed only three namesake stores and five World Market stores last quarter while opening one World Market […]

AMD Puts 2nd Gen Ryzen CPUs Up for Pre-Order, Ships Next Week | ExtremeTech

AMD Puts 2nd Gen Ryzen CPUs Up for Pre-Order, Ships Next Week | ExtremeTech

What the new CPUs do deliver is substantially increased clocks and, in one case, a somewhat higher TDP. The new Ryzen 7 2700X is a 3.7GHz base, 4.3GHz boost clock CPU, compared with the 3.6GHz base clock, 4GHz boost on the Ryzen 7 1800X. At first glance, that might not look like much, but looks […]

Retail is Reality (Part 1) | American Drycleaner

Retail is Reality (Part 1) | American Drycleaner

PRICE NOT MOTIVATOR Take the case of the retail icon JCPenney (JCP) as they went through a very visible and very publicized disastrous transition to “Lower Everyday Low Pricing.” According to a September 2013 article by Panos Mourdoukoutas writing in Forbes: “What haunts JCPenney? A strategic mistake regarding its pricing strategy — replacement of sales through […]