Tag: Retail

Petrol pricing absurdity in bush must be given short shrift | The Border Mail

Petrol pricing absurdity in bush must be given short shrift | The Border Mail

The simple fact of the matter is that doesn’t seem to matter how much noise is about it – what you fork out in the bush is unjust compared with the situation in the big cities. And arguments put forward about the extra cost of transporting fuel to regional areas carries limited weight. It might explain […]

How Retailers Use Personalized Prices to Test What You’re Willing to Pay | Harvard Business Review

How Retailers Use Personalized Prices to Test What You’re Willing to Pay | Harvard Business Review

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 […]

Dynamic pricing – an unrealised threat for food brands and e-retailers | Food Navigator

Dynamic pricing – an unrealised threat for food brands and e-retailers | Food Navigator

Fixed pricing has ruled the high street since 1861 when John Wanamaker opened a department store in a Quaker district of Philadelphia. He introduced price tags for his goods, along with the lofty slogan: “If everyone was equal before God, then everyone would be equal before price.”​ Ever since then, consumers have expected the prices […]

Why furniture retailer Freedom Australia is cutting prices on 5,000 items and ditching flash sales | SmartCompany

Why furniture retailer Freedom Australia is cutting prices on 5,000 items and ditching flash sales | SmartCompany

Furniture retailer Freedom Australia says it is moving away from “potentially confusing” rolling sales in favour of an everyday low prices strategy, but one expert says completely removing the rush that sales events prompt could present challenges for the business. The 36-year-old furniture and homewares business told Inside Retail this week that its new strategy will […]

Amazon dropped prices as soon as Noon launched, says Alabbar | ZAWYA MENA Edition

Amazon dropped prices as soon as Noon launched, says Alabbar | ZAWYA MENA Edition

American e-commerce giant Amazon, which expanded its presence in the Middle East market with the purchase in March of Dubai-based Souq.com, responded to the launch of local rival Noon.com by immediately cutting its prices, according to the latter’s founder and major investor Mohamed Alabbar. Speaking at a Leadership Dialogue panel held at the first day […]

Why a Turnaround at Toys R Us Will Tank | Entrepreneur

Why a Turnaround at Toys R Us Will Tank | Entrepreneur

Its strategy is still misaligned. Back in early 2014, Toys R Us announced its “TRU Transformation” strategy to address shopper experience challenges and position the company for growth. The broad strategy included inventory management improvements, decluttering of stores, a clearer pricing strategy and simpler promotional offers for shoppers. The company also promised to integrate its in-store […]

Amazon bookstores offer peek into Whole Foods’ future | Fox Business

Amazon bookstores offer peek into Whole Foods’ future | Fox Business

The Seattle-based company launched its Amazon Books experiment about two years ago and has since used the locations to experiment with in-store pricing and selection. At its dozen stores in cities such as New York, Chicago and San Jose, Calif., prices aren’t marked. Instead, employees instruct shoppers to use their phones to scan a product […]

MARKET BUZZ: Dali Foods At Record Highs; Daiwa Initiates At Buy | Nikkei Asian Review

MARKET BUZZ: Dali Foods At Record Highs; Daiwa Initiates At Buy | Nikkei Asian Review

Daiwa Capital Market says company’s business model stands out with focus on developing fast growing snacks and beverage segment in China. Starts coverage with Buy rating and target price of HK$7.10. House notes Dali’s pricing strategy of more wholesale discounts and lower retail prices attractive to consumers and distributors, helping it capture market share “We […]

For companies, outrage over surge pricing might not be worth it | Las Vegas Sun Newspaper

For companies, outrage over surge pricing might not be worth it | Las Vegas Sun Newspaper

When Bruce Springsteen decided to do a run of shows at a Broadway theater with fewer than a thousand seats, he appeared to reject the laws of economics — or at least what would seem to be in his financial best interest. He limited ticket prices to $75 to $850 and has been allocating them […]

Stalin urges Tamil Nadu govt to reduce taxes on petroleum products | The Indian Express

Stalin urges Tamil Nadu govt to reduce taxes on petroleum products | The Indian Express

Stalin recalled that the M Karunanidhi-led DMK government had in the past reduced taxes on petrol and diesel in the state during certain rate revisions of the products. “People are struggling hard due to the oppressive taxation on petrol and diesel which has led to prices of petrol to hover around Rs 70.96 and diesel […]