Tag: Retail

Petrol, diesel pricing: Here is a way out for beleaguered Indian fuel retailers | The Financial Express

Petrol, diesel pricing: Here is a way out for beleaguered Indian fuel retailers | The Financial Express

In an earnest effort to ‘clean up’ the markets and wean them off subsidies, the government, on June 16, rolled out a dynamic pricing mechanism for petrol and diesel fuel prices across India. In an earnest effort to ‘clean up’ the markets and wean them off subsidies, the government, on June 16, rolled out a […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]

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 […]

Do Airline Sites Track Your Habits? | Men’s Fitness

Do Airline Sites Track Your Habits? | Men’s Fitness

IT’S TRUE, SAYS Johnny Jet, of the travel site johnnyjet.com. It’s called “dynamic pricing”—firms track your online browsing, and adjust prices according to factors like your eagerness to buy, your online purchases, even where you live. Be wary, he says, of aggregator booking sites like Priceline, Kayak, and Orbitz, the last of which was found […]

New-look Complan on shelves | Telegraph India

New-look Complan on shelves | Telegraph India

Kraft Heinz officials today said through a focussed pricing strategy, the company had been able to improve its market share at a time the industry was affected by the GST. “We did a study to understand the elasticity of different packs – how the prices move and impact the volume. Some of the learning from […]

Waste not, want not | The Kingston Whig-Standard

Waste not, want not | The Kingston Whig-Standard

One of the things I’ve been railing against lately is the growing number of “multi-buy” pricing strategies being used by Canadian supermarkets. These strategies include reduced prices when you buy two or more items, instead of offering discounts on single items. Nobody should be penalized for the “privilege” of purchasing one item. Multi-buy pricing puts […]

China’s ‘baijiu’ maker drinks to higher earnings | Nikkei Asian Review

China’s ‘baijiu’ maker drinks to higher earnings | Nikkei Asian Review

GUANGZHOU — Kweichow Moutai, the biggest producer of distilled Chinese liquor baijiu, is rapidly boosting earnings thanks to a strategic change toward targeting individual consumers. Kweichow, based in Guizhou Province, saw both sales and profit stagnate in 2014 and 2015 due to slower sales of baijiu, the most popular spirit in China, for entertaining bureaucrats […]

Spring Lake Park to leave municipal liquor | ABC Newspapers

Spring Lake Park to leave municipal liquor | ABC Newspapers

With the sale of Central Park Liquor, the city will exit municipal liquor. Hy-Vee is working through processes with the city, county and watershed district to bring a grocery store and convenience store to the Central Park Liquor site and adjacent land at the 81st Avenue Northeast and Central Avenue intersection along Highway 65. “There’s […]

Drawing on Big Data for Customer Insights | Marlin Business Services Corp.

Drawing on Big Data for Customer Insights | Marlin Business Services Corp.

The overall trend for retail sales volume is up, despite considerable disruption to the channels consumers use to make purchases. Total retail sales are expected to grow 3.7% to 4.2% in 2017, driven in large part by online sales, which are forecast to grow 8% to 12% this year. … Path to purchase – Both […]

Dynamic pricing system promises less food waste | Springwise

Dynamic pricing system promises less food waste | Springwise

The Wasteless platform combines radio frequency identification (RFID), a dynamic pricing engine (which considers more than 40 separate factors when calculating price), and electronic shelf labeling. The system allows stores to automatically change prices on any item, in order to offer customers a chance to buy products close to their expiration date for a reduced […]