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Tag: race to the bottom

‘Confusing’ pricing and too much inventory: JCPenney CEO reveals the company’s core problems after 4 months on the job (JCP) | SFGate

‘Confusing’ pricing and too much inventory: JCPenney CEO reveals the company’s core problems after 4 months on the job (JCP) | SFGate

Soltau said she has spent time walking through stores, engaging with customers, and analyzing data from shopper surveys to identify the company’s strengths and weaknesses, and to develop a plan for reinvigorating sales. Her top priorities going forward include clearing out unsold inventory, improving the stores’ product mix, and establishing a clear pricing strategy, among […]

T-Mobile, Sprint merger hearing at House Energy and Commerce Committee | CNBC

T-Mobile, Sprint merger hearing at House Energy and Commerce Committee | CNBC

Executives from T-Mobile and Sprint faced tough questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America. The deal to combine the No. 3 and No. 4 U.S. wireless carriers, struck in April, was approved by both companies’ shareholders in October and has received national […]

US Has Some Of The Most Expensive Mobile Data Prices In The Developed World | Techdirt

US Has Some Of The Most Expensive Mobile Data Prices In The Developed World | Techdirt

While the U.S. wireless industry likes to talk a lot about how ultra-competitive it is, that’s generally not the case. While there’s more competition in wireless than in the fixed-line broadband sector (where there’s virtually no competition at faster speeds due to upgrade-phobic telcos and cable’s growing broadband monopoly), much of the competition in wireless […]

Walmart’s size may not shield it from rising prices | Providence Journal

Walmart’s size may not shield it from rising prices | Providence Journal

It’s getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the check-out line. Soaring costs for transportation and raw materials — some related to tariffs — have prompted Procter & Gamble, Nestle, […]

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 […]