Tag: Retail

Amazon Prime Day shopping topped $4 billion, analyst estimates | Grand Forks Herald

Amazon Prime Day shopping topped $4 billion, analyst estimates | Grand Forks Herald

Shoppers spent $4.2 billion during Amazon.com’s Prime Day sale, up 33 percent from a year ago, according to estimates from Wedbush Securities analyst Michael Pachter. The online retailer doesn’t disclose revenue from the 36-hour event that began Monday. Pachter based his estimate on information the company did release, including that it shipped more than 100 […]

Grocers must be mindful of price-setting software | The Grocer

Grocers must be mindful of price-setting software | The Grocer

The use of price optimisation software, often relied on by online retailers to make sure their prices are not being undercut by competitors, is coming under more scrutiny than ever. In a report released this month, an independent panel that advises the German government on competition law and policy-making called for stricter surveillance of online […]

Amazon Prime Day’s Results Are In–and It’s a $1 Billion Win for Small Businesses | Inc.com

Amazon Prime Day’s Results Are In–and It’s a $1 Billion Win for Small Businesses | Inc.com

After a rocky start, Amazon ended its fourth Prime Day on a high note. Sales from its 36-hour shopping extravaganza surpassed those from Cyber Monday, Black Friday, and last year’s Prime Day, making it once again the biggest shopping event in Amazon’s history, the company said. Small and medium-size businesses notably crushed the day, collectively making […]

BMW launches ride-sharing service [too] | WILX

BMW launches ride-sharing service [too] | WILX

BMW is launching a new ride-sharing service in Seattle to compete with Uber and Lyft. … Drivers are full-time employees hired by third party transportation companies. Customers can hail a car immediately or schedule a ride up to a week in advance. Trips cost $2.40 per mile plus 40 cents per minute, with no surge […]

Hidden Uber Costs? Drivers ask company to be more transparent with fees | KSAZ

Hidden Uber Costs? Drivers ask company to be more transparent with fees | KSAZ

“There’s no transparency,” said one of the four drivers interviewed by FOX 10’s Matt Galka. “In the rider app you can’t even see the charge breakdown.” The four drivers wished to remain anonymous, in fear of retaliation from Uber. They want to keep driving, and thought if they spoke out, the company would end their ability […]

Cadillac’s Pricing Problem and Buick’s Potential Rebranding Opportunity with Velite 6 and Enspire | Torque News

Cadillac’s Pricing Problem and Buick’s Potential Rebranding Opportunity with Velite 6 and Enspire | Torque News

Cadillac’s Pricing Problem Unfortunately for Cadillac when they repositioned themselves against luxury German automakers like Audi, BMW, and Mercedes, their similar higher pricing followed. And they priced themselves out of the market with the Cadillac ELR PHEV, and even now the Plug-in Hybrid CT-6 is a tough sell against Model Tesla Model S and new […]

When Cost-Plus Pricing Is a Good Idea | Harvard Business Review

When Cost-Plus Pricing Is a Good Idea | Harvard Business Review

The Strategic and Tactical Benefits of Cost-Plus Pricing Despite these limitations, there are sometimes strategic and tactical reasons to use cost-plus pricing. When implemented with forethought and prudence, cost-plus pricing can lead to powerful differentiation, greater customer trust, reduced risk of price wars, and steady, predictable profits for the company. No pricing method is easier to communicate […]

Grab Fined P10 Million For Overcharging Users – Insists P2/Minute Fee Is “Legal” | Vulcan Post

Grab Fined P10 Million For Overcharging Users – Insists P2/Minute Fee Is “Legal” | Vulcan Post

Is The Php2/Minute Charge Legal? Amid allegations of charging illegal fares, Grab Philippines maintained that it has always been “transparent” about its fare scheme. Grab spokesperson Leo Gonzales said that the P2-per-minute charge was initiated “when Grab reviewed its pricing structure in June 2017,” and “was integrated to the existing per kilometer charges and is […]

Pier 1 Must Evolve or Die | RIS News

Pier 1 Must Evolve or Die | RIS News

RELAUNCHING THE PIER 1 BRAND The first key tenet of Pier 1’s new approach will be a relaunch of the Pier 1 brand, with a focus on new and exciting merchandise. The retailer is known for its varied and international assortment with mid- to high-end price points. While it is committed to maintaining its identity, […]

B&Q to invest £100 million in new pricing strategy | Business Insider

B&Q to invest £100 million in new pricing strategy | Business Insider

The retailer’s new strategy has already seen it drop prices on 2,000 items, with an average saving of 15%. It plans to lower prices on more products later in the year. Parent group Kingfisher, which comprises a host of DIY brands including B&Q and Screwfix, has unified the buying functions across its divisions, helping it […]