Tag: Study

Fairview grad named to Trump administration post | GoErie.com

Fairview grad named to Trump administration post | GoErie.com

Dan Best, a 1987 graduate of Fairview High School, has long had an interest in controlling drug prices. The 49-year-old son of Ted and Marilyn Best now has a big platform to explore that interest. Health and Human Services Secretary Alex Azar on Friday named Best, most recently a CVS Caremark executive, to serve as […]

Publishing drug prices, selling straight to hospitals are in plans for nonprofit drug venture with STL ties | stltoday.com

Publishing drug prices, selling straight to hospitals are in plans for nonprofit drug venture with STL ties | stltoday.com

A hospital-backed nonprofit generic drug manufacturer has radical plans for the drug industry as it prepares to launch operations later this year. Leaders of the drugmaker said they planned to publish drug prices in an effort to force more transparency in an industry that is known for being opaque. Utah-based Intermountain Healthcare is leading the […]

Studies are increasingly clear: Uber, Lyft congest cities | WPXI

Studies are increasingly clear: Uber, Lyft congest cities | WPXI

BOSTON (AP) – One promise of ride-hailing companies like Uber and Lyft was fewer cars clogging city streets. But studies suggest the opposite: that ride-hailing companies are pulling riders off buses, subways, bicycles and their own feet and putting them in cars instead. And in what could be a new wrinkle, a service by Uber called […]

In MIT 3-Step Price Optimization Test, Sales and Profits Soar | WWD

In MIT 3-Step Price Optimization Test, Sales and Profits Soar | WWD

Developing a price optimization strategy used to be a complicated affair that involved various marketing research, in-store and online testing, analytics and consumer surveys — and even focus groups. But advances in technology are simplifying the process. And in a test involving Rue La La Inc., Groupon and B2W Digital, MIT professor of engineering systems David […]

Study finds retailers send wrong promotions at wrong time to wrong customers | CSA

Study finds retailers send wrong promotions at wrong time to wrong customers | CSA

More than half of all retail promotions are sent to customers who would be content to pay full price. That’s according to a new Revionics-commissioned survey conducted by Forrester Consulting, which found that 52% of retailers’ weekly or monthly promotions go to customers who would happily have paid full price, resulting in lost margins that […]

Trader Joe’s, Costco, Amazon lead consumer preference study | SuperMarket News

Trader Joe’s, Costco, Amazon lead consumer preference study | SuperMarket News

Some of the higher performing grocery banners — including Meijer, Publix and Kroger — appeared in the second quartile of retailers in the survey. This quartile had the highest top-of-mind recall and the second-highest financial performance. The group did not perform as well as the top quartile because their price and quality scores were not […]

How to make personalized pricing work | Business Today

How to make personalized pricing work | Business Today

With so much benefit for the consumers why is there so much consumer and regulatory backlash against the new-age companies for their pricing strategies? It is to do with the lack of trust. In the process of haggling the consumers are involved in the price formation process face-to-face and settle at what both sides agree […]

Will personalized pricing only lead to more discounting? | RetailWire

Will personalized pricing only lead to more discounting? | RetailWire

A study from Baylor University concludes the mere presence of a personalized pricing program may encourage some consumers to expect discounts all the time. The study, published in the Journal of Consumer Behavior, defined personalized pricing, or customized pricing, as “basing prices on individual consumers’ unique purchase patterns, rather than more typical bases for changing […]

As price wars heat up, retailers should focus on localized, targeted discounts | Food Dive

As price wars heat up, retailers should focus on localized, targeted discounts | Food Dive

According to a recent survey conducted by consulting firms Bain & Company and ROI Consultancy Services, good value and low prices are the first and third most important attributes shoppers look at when selecting a supermarket. Clearly, a lot of consumers are closely scrutinizing those price tags. And in a competitive industry that’s increasingly migrating […]

Are Online Prices really Cheaper than in-store? MIT Study on E-Commerce | eCommerce Nation

Are Online Prices really Cheaper than in-store? MIT Study on E-Commerce | eCommerce Nation

Economists at the Massachusetts Institute of Technology, Alberto Cavallo, published a new study entitled “Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers.” Appearing in the January issue of the American Economic Review, the study refers to the common feeling customers frequently have that prices online tend to be cheaper than in physical stores. […]