Tag: Retail

UK gas prices rise as demand to “surge” on cold | montel

UK gas prices rise as demand to “surge” on cold | montel

(Montel) UK day-ahead prices jumped around 1p on Friday amid forecasts of cold weather, which would see consumption “surge”. The day-ahead contract on the UK NBP hub was last seen up 1.45p at 71.65p/th, though the Dutch equivalent on the TTF was down EUR 0.025 at EUR 26.75/MWh. “Monday’s consumption in the UK will surge […]

Chico law banning price gouging approved | Chico Enterprise-Record

Chico law banning price gouging approved | Chico Enterprise-Record

CHICO — A law prohibiting price gouging in the wake of the Camp Fire was approved unanimously by the Chico City Council Friday morning. The vote extends out to six months provisions of an existing state law that bans gouging the 30 days after an emergency has been declared. Generally the law prohibits any price increase […]

Food expiration dates are about to undergo a revolution | ISRAEL21c

Food expiration dates are about to undergo a revolution | ISRAEL21c

That’s about two billion tons of food, worth billions of dollars. It’s a shocking statistic, and at the end of the day, it’s not just the supermarkets or food producers that pay the price – it’s all of us. A hungry planet with limited resources, a high carbon footprint, and rapidly changing climate cannot afford […]

Uber Rewards gives ride discounts and other perks to frequent riders | USA Today

Uber Rewards gives ride discounts and other perks to frequent riders | USA Today

Four levels, each with different perks The points will go toward placing you in one of four tiers – Blue, Gold, Platinum and Diamond – that will determine what perks you are eligible for. Blue is the standard level, with every 500 points netting you $5 in Uber Cash, the company’s virtual currency that can be used […]

Deliveroo Australia rolls out dynamic pricing based on distance | news.com.au

Deliveroo Australia rolls out dynamic pricing based on distance | news.com.au

Food delivery company Deliveroo has ditched its flat $5 delivery fee in favour of dynamic pricing based on the restaurant’s distance to the customer. As a result of the variable fees introduced last month, which range from as low as $2.95 to a maximum of $6.95, Deliveroo says “more than 50 per cent” of customers […]

Argus Adds New Marine Fuel Price Assessments | AOG Digital

Argus Adds New Marine Fuel Price Assessments | AOG Digital

Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers. International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the […]

Macy’s (M) Q3 Earnings: Omnichannel Efforts to Play Key Role | Nasdaq

Macy’s (M) Q3 Earnings: Omnichannel Efforts to Play Key Role | Nasdaq

Macy’s sustained focus on price optimization, inventory management, merchandise planning and private label offering are the primary catalysts aiding the company’s performance. In an attempt to increase sales, profitability and cash flows, the company has been taking steps such as integration of operations, developing omni-channel capabilities and online order fulfillment centers. Management has undertaken initiatives […]

The Promise of Personalization in Retail | One-Off Sound Off

The Promise of Personalization in Retail | One-Off Sound Off

Given the personalization trend, it is not surprising that customers are comfortable getting involved with product personalization. Purchasing a tailored made product, receiving it quickly, cheaply, and to the location of their choice with full visibility into the sustainability and compliance practices of each participant in the value chain is the epitome of a personalized […]

The Dawn of AI-Driven Price Management | RIS News

The Dawn of AI-Driven Price Management | RIS News

Want to devastate your financial performance? Simple. Get pricing wrong. And yet, 42% of retailers still primarily use spreadsheets for pricing and 34% use internally built software. What’s the problem with these traditional tools? For starters, both are incapable of supporting big data, machine learning and artificial intelligence (AI). You know, science. Which is a […]

Fuel prices continue to fall as global crude rates ease | The Economic Times

Fuel prices continue to fall as global crude rates ease | The Economic Times

State-run oil-marketing companies continued to cut the prices of key transport fuels — petrol and diesel — well into the fourth week on Saturday on lower global crude oil prices. According to the Indian Oil Corp data, petrol was priced at Rs 77.89 per litre in the national capital on Saturday, 17 paise lower from […]