Tag: Showrooming

Best Buy’s Secrets for Thriving in the Amazon Age | The New York Times

Best Buy’s Secrets for Thriving in the Amazon Age | The New York Times

Happy-looking people were huddled around tables filled with the latest gadgets from Microsoft and Apple. The video game aisle was bustling. Blue-shirted employees were helping a customer pick from a glowing wall of flat-screen TVs. There was a line — a line! — at the checkout counter. Many people, myself included, assumed that the entire […]

Best Buy Defies Retail Doldrums, Posting Higher Sales | WSJ

Best Buy Defies Retail Doldrums, Posting Higher Sales | WSJ

To fend off digital competition, Best Buy gave up efforts to charge consumers more in stores than online. It promised in 2013 to match online competitors’ prices and brought its prices in line with Amazon’s—a move that has paid dividends now that shoppers can instantly check prices on their smartphones. The price guarantee made a […]

Pricer’s Points: Retailers – Best Buy | Michael Calogridis

Pricer’s Points: Retailers – Best Buy | Michael Calogridis

3. Pricing – Best Buy has gone from being viewed only for ‘show-rooming’ to being price competitive. Overall, this is a good thing but (and here’s the real but), to be at a price parity level with other retailers who do not offer the in store sales experience is basically giving that information and knowledge away […]

Amazon Showrooming Forces Stores To Go Digital on Price Displays | ESM Magazine

Amazon Showrooming Forces Stores To Go Digital on Price Displays | ESM Magazine

Berkshire Hathaway Inc.-backed Nebraska Furniture Mart used to dispatch an army of employees each morning to update printed price labels throughout its stores, a time-consuming effort to maintain its pledge to offer the lowest prices on televisions, dishwashers, sofas and flooring. Following a big investment in digital displays, one person can now quickly update the […]

Pricing News Daily > 2/2/15

Pricing News Daily > 2/2/15

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Strategic Pricing Solutions Strategic Pricing Solutions, LLC (SPS) is a management consulting firm helping clients with pricing strategies, data analytics, and pricing […]

In-store pricing versus online: Getting the price right at the right time | BizReport

In-store pricing versus online: Getting the price right at the right time | BizReport

The ease, frequency and speed with which pricing and promotions can be updated in online stores means it is hard for physical stores to keep up, and that is affecting consumers’ buying behavior, according to new research from Displaydata. Today’s shoppers want the best value possible for a product and they are prepared to take […]

Pricing News Daily > 12/1/14

Pricing News Daily > 12/1/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based […]

Pricing News Daily > 10/31/14

Pricing News Daily > 10/31/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: The PricingBrew Journal Whether you’re in sales, marketing, product management or a pricing professional, it’s important to stay up-to-date on the latest […]

69% of consumers expect consistent pricing from brands | Retail Dive

69% of consumers expect consistent pricing from brands | Retail Dive

Dive Brief: Some 69% of consumers surveyed by customer experience management company SDL expect the same pricing and discounts whether they’re in store, online, or on their phones. Showrooming is still a major issue and is being abetted by smartphones, the survey also found, with 62% of respondents saying they use their phone in store […]

Pricing News Daily > 7/11/14

Pricing News Daily > 7/11/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. Today’s Headlines The Worst Kind of Customer… | The Sales Hunter They bought on price, not on the solution you’re providing them. This low-price customer is now […]