In the classic shell game of three-card Monte, marks are rewarded if they are able to identify the “money card” among three face-down cards that are being shuffled. In this sleight-of-hand scam, the mark is never able to choose the right card. An increasing number of businesses are playing a version of three-card Monte with […]
Have you ever looked up flights or hotels on an app on your phone, only to open your laptop and see different prices? That’s exactly what happened to me recently. I was using Orbitz’s iPhone app to research a vacation package to New York City. Settling on a hotel, I accessed Orbitz’s website on my laptop to book […]
The Commonwealth Bank’s latest Retail Insights research suggests almost 70% of people likely to purchase from the online platform. But most retailers (78%) don’t have a strategy to combat the global retail giant. “It seems Australian shoppers are ready for Amazon but many of our retailers are still at the drawing board,” Commonwealth Bank National […]
It’s a longstanding debate that’s reemerged during Hurricanes Irma and Harvey: During a time of crisis, should merchants raise or maintain prices when demand increases for essential products such as water, gas, and bread? Now, due to the influence of social media, a new alternative is emerging: Why not lower prices during these critical times? Economists usually […]
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As millions of American families look to get a jumpstart on back-to-school shopping, many of them will turn to Amazon. The company’s use of steep discounting and price-matching to gain market dominance has led many shoppers to almost reflexively expect to pay less for their notebooks and calculators on the site. Sales prices in blaring […]
According to a recent report, a vendor who sells direct through Amazon has stepped forward to accuse the ecommerce giant of misleading business practices. Specifically, they said that Amazon jacked up the suggested retail price of their product on Prime Day 2017 to make it seem like the discount consumers were getting was far better […]
As mentioned late yesterday, despite the enormous success of “Prime Day,” the continued expansion of product offerings and an all-time record stock price, Amazon.com Inc. (AMZN) is likely to face its greatest existential threat from regulatory agencies and legislators in Washington, D.C., over the next year: “I am shorting Amazon today because I have learned […]
Fresh off the heels of Amazon’s most lucrative Prime Day to date, investors and politicians alike are beginning to raise concerns over the enormous and burgeoning size of the consumer tech giant. In one specific case, hedge fund manager Douglas Kass believes that future government intervention is inevitable, MarketWatch reports. Kass wrote this week that […]
Should brick-and-mortar retailers set different prices in-store and online? If Amazon (or another web retailer) is not significantly stealing business away, it doesn’t make sense to slash online prices. Best to accept the minimal customer loss, maintain current prices, and be thankful. However, if a web retailer is successfully poaching a sizable number of customers, it’s time to […]
With this pricing, it is among the cheapest of OTT services in India, along with Zee’s Ditto TV. American peer and global competitor Netflix, which launched in January this year, offers three tiers of membership for Rs 500, 650 and 800 a month. Indian entities Eros Now (Rs 49 and Rs 99 a month) and […]
Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes
It’s no secret that fierce competition from Amazon puts downward pressure on prices charged by Walmart and other big multichannel retailers for the same items. However, the bigger “Amazon effect” relates not to the prices themselves but to the pricing behaviors of these more traditional retailers, according to Alberto Cavallo, the Edgerley Family Associate Professor […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing […]
This Week in Pricing > 5/18/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
A new study sparks a war of words over pharma’s commitment to research | STAT
WASHINGTON — A coalition of the drug industry’s fiercest foes is accusing the world’s top drug makers of hiding behind research and development “as an excuse for price-gouging American patients.” And they’re pointing to a new study that finds drug makers spent about 22% of their revenues on research and development in 2017 to prove […]
Drug court to try firms refusing to cut prices | The Express Tribune
ISLAMABAD: The government is expected to take up the issue of hike in drug prices at its next cabinet meeting while it intends to move the drug court against all those pharmaceutical companies who refuse to lower prices of their medicines in line with the recent policy decision of the government. This was disclosed by the […]
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