Tag: Reference Pricing

J.C. Penney’s Buzz Is Gone For Good | Forbes

J.C. Penney’s Buzz Is Gone For Good | Forbes

What haunts J.C. Penney? Competition from on line retailers is the first thing that comes in mind, as explained in the company’s financial report. Then there are two strategic mistakes made close to six years ago. The first mistake was the company’s pricing strategy – the replacement of sales through coupons with everyday low prices. The […]

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 […]

Is Your Business Unknowingly Engaged in Deceptive Pricing | NCR Silver

Is Your Business Unknowingly Engaged in Deceptive Pricing | NCR Silver

Making comparisons to former prices What the guidelines say: One of the most common ways to advertise discount pricing is to offer a discount based on your own pricing. That’s legitimate, as long as you do it honestly. The former price must be one that the product was actually sold to the public for, and […]

Sweden Reviews Financing and Pricing | CHCUK

Sweden Reviews Financing and Pricing | CHCUK

Review Under the current pricing and reimbursement system, medicinal products aimed at smaller patient groups (eg, orphan drugs) will have difficulty proving cost effectiveness within QALY thresholds used by the TLV, due to high research and development costs and a very high price per patient ratio. The effectiveness of such a medicinal product is also […]

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, […]

Macy’s, J.C. Penney, Sears and Kohl’s sued over false reference pricing claims | Retail Dive

Macy’s, J.C. Penney, Sears and Kohl’s sued over false reference pricing claims | Retail Dive

Dive Insight: Consumers seem hardwired to appreciate a deal, and for eons retailers have worked to give them that feeling. “The experience, where you show a few prices, is called ‘is/was pricing.’ It is this price, it was that price,” Jason Goldberg, who leads commerce and content strategy at interactive digital agency Razorfish, told Retail […]

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. … […]

3 Steps to develop a surefire pricing strategy and get paid what your worth | Alison Edgar

3 Steps to develop a surefire pricing strategy and get paid what your worth | Alison Edgar

Are you struggling with your pricing strategy? Many startups fall into the trap of under-valuing what they do. They think they have to keep their prices low until they can prove they’re worth more. Few even have a pricing strategy. What is your product worth? How much should you charge for your services? How do […]

Museum entry fees do not affect visitor diversity, research suggests | ArtsProfessional

Museum entry fees do not affect visitor diversity, research suggests | ArtsProfessional

The research The research, which was commissioned by AIM, Arts Council England (ACE) and the Welsh Government, and produced by DC Research, aimed to understand the experience of museums that have changed their pricing strategies and to discover any subsequent impact on visitor numbers, diversity, satisfaction, spend, and the museum’s reputation. Using a sector-wide survey, […]

Zoos make money selling paintings made by animals. Are they art? | The Washington Post

Zoos make money selling paintings made by animals. Are they art? | The Washington Post

In 2005, three works of art by a relatively unknown artist sold for more than $25,000 at an elite auction house in London. That’s not a huge amount as art sales go, but it made headlines because the painter was hardly typical. The artist was an ape, and the amount was the largest ever paid for art […]