This Week in Pricing > 12/2/17

pricingnews-WeeklyThis Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals.

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Top Headlines

Cyber Monday sales expected to hit $6.6 billion, biggest online shopping day | USA Today

Cyber Monday sales expected to hit $6.6 billion, biggest online shopping day | USA Today

Adobe’s Tamara Gaffney thinks people have actually been shopping online all weekend. But they don’t hit the “buy” button until they’re convinced they’ve gotten the absolute best price available. “If you look at the hourly peak times for [Cyber Monday] shopping, they come between 8:00 and 11:00 pm in each time zone,” said Gaffney, strategic insights engagement […]

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Wal-Mart shrinks gap with Amazon, makes pricing more competitive | Business Standard News

Wal-Mart shrinks gap with Amazon, makes pricing more competitive | Business Standard News

Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the first time, a key milestone in its effort to regain the “low price leader” title. Wal-Mart has aggressively invested in making its prices more competitive against brick-and-mortar rivals since the start of the year. Now, the shrinking gap is also […]

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Walmart vs. Amazon: which is cheaper? | Business Insider

Walmart vs. Amazon: which is cheaper? | Business Insider

Amazon is losing its edge in the low-price wars online. A new price study spanning 700 days found that Walmart’s prices online are now just 0.3% more expensive than Amazon’s on average, Reuters reports. That’s down from a 3% premium last year. In some categories, Walmart’s prices were significantly lower than Amazon’s, the study by […]

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U.S. Black Friday, Thanksgiving online sales climb to record high | Reuters

U.S. Black Friday, Thanksgiving online sales climb to record high | Reuters

CHICAGO (Reuters) – Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts and bought more on their mobile devices, heralding a promising start to the key holiday season, according to retail analytics firms. U.S. retailers raked in a record $7.9 billion in online sales on […]

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Cyber Monday 2017: A roundup of this year’s best deals | ABC News

Cyber Monday 2017: A roundup of this year’s best deals | ABC News

It’s Cyber Monday, the official last day of the biggest shopping weekend of the year. Approximately 78 million Americans said they were planning to do some shopping on Cyber Monday, according to a survey released earlier this month by the National Retail Foundation. In addition, online Black Friday sales increased 15 percent this Thanksgiving weekend […]

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Shaw undercuts Big Three on iPhone pricing, Freedom Mobile to sell iPhone X for $0 upfront | Financial Post

Shaw undercuts Big Three on iPhone pricing, Freedom Mobile to sell iPhone X for $0 upfront | Financial Post

Shaw Communications Inc.’s Freedom Mobile will shake up the way wireless carriers have traditionally sold Apple Inc. devices in Canada when it starts selling iPhones for the first time on Friday. Freedom Mobile will sell the latest slate of iPhones, including the 8, 8 Plus and X, for $0 upfront on two-year contracts, Shaw announced […]

Cyber Monday showdown – Walmart closes in on Amazon in online price war | CNBC

Cyber Monday showdown – Walmart closes in on Amazon in online price war | CNBC

Walmart has aggressively invested in making its prices more competitive against brick-and-mortar rivals since the start of the year. Now, the shrinking gap is also becoming noticeable across a broad range of product categories online, according to a price study conducted for Reuters, as well as interviews with pricing experts, retail consultants, vendors and company […]

 

Increased Support for Buying ‘Made in America’ Goods, but Don’t Credit Trump | Morning Consult

Increased Support for Buying ‘Made in America’ Goods, but Don’t Credit Trump | Morning Consult

U.S. consumers are willing to pay more for “Made in America” goods, according to a recent nationwide survey. But there’s a financial limit to how much they’ll support a key 2016 campaign theme by President Donald Trump. Sixty-seven percent of adults in the United States would be willing to pay more for products if they knew […]

Three local cab companies form strategic partnership to challenge Uber, Lyft | Philadelphia Business Journal

Three local cab companies form strategic partnership to challenge Uber, Lyft | Philadelphia Business Journal

“With density, we could be really impactful,” Abibtol said. “It translates the most on the app. When you move that pin around the map and you put a pin anywhere and [a taxi] is a minute away.” “Now that our app is on par with those of TNCs, we can provide a similar service with […]

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Economists make case for charging rich and poor shoppers different prices | WISC

Economists make case for charging rich and poor shoppers different prices | WISC

WASHINGTON (CNNMoney) – Shoppers at a Giant Food supermarket in an affluent part of Washington, D.C. last week could find a 6.4-ounce tube of Crest Whitening toothpaste for $2.09, two loaves of Nature’s Own Honey Wheat bread for $5, and a pound of gala apples for $1.79. Across town, in a zip code where the […]

 

Fast-food war: fight for customers driving down prices | NZ Herald

Fast-food war: fight for customers driving down prices | NZ Herald

The fight for customers is driving fast-food prices lower, but industry associations say it is unsustainable. Burger King is currently offering a 9-pack of chicken nuggets for $2.95 and a cheeseburger ‘Stunner Meal’ for $5, while competitor McDonald’s offers a cheeseburger and chips option for $4, and KFC a $3.90 snack box. First Retail Group […]

 

Costco beats Amazon on price | Retail Dive

Costco beats Amazon on price | Retail Dive

Costco is widely seen as benefiting from a treasure hunt atmosphere, where shoppers pick things off the shelves not originally on their shopping list. That, as well as its membership fees, are its saving grace — on some items Costco makes no money. It’s essentially how Amazon operates, too, with its Prime members more or […]

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More Headlines

The 41 best Cyber Monday 2017 deals you can get right now (updated) | CNET

The 41 best Cyber Monday 2017 deals you can get right now (updated) | CNET

With Black Friday behind us, we have finally arrived at Cyber Monday. And we’re seeing some killer deals, with some retailers doubling down on last week’s discounts and dropping prices even further. To name a few: Best Buy has the Beats Studio Wireless for $160 ($40 cheaper than its Black Friday deal). Target has taken $140 off […]

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Cyber Monday deals 2017 | The Washington Post

Cyber Monday deals 2017 | The Washington Post

3. Last-minute announcements and deals through email and social media. There’s a reason retailers don’t advertise Cyber Monday deals weeks in advance, like they do with Black Friday promotions: They want to see what’s still on shelves — and discount accordingly — at the end of the weekend. “Retailers have made big bets on what’s in store,” Gaffney said. “If […]

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The 10 best LEGO deals you can get online for Cyber Monday 2017 | Business Insider

The 10 best LEGO deals you can get online for Cyber Monday 2017 | Business Insider

It’s Cyber Monday, and while now is a great time to pick up new gadgets or kitchen tools, you can also save a lot on LEGO sets. Whether you’re buying one for yourself, or want to knock out some holiday shopping with a classic crowd pleaser, it’s hard to go wrong with LEGO. There are dozens of sets on sale from […]

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Herald: A new mining canvas has to be clearly bereft of all the taints of the past | Herald

Herald: A new mining canvas has to be clearly bereft of all the taints of the past | Herald

As we head to what technically should be the peak of the mining season, the mining landscape in Goa lies in a messy quagmire. The battle of truck transportation rates have hit a deadlock with new divisions emerging within the ranks of the truckers of South Goa. The dichotomy is accepting the decided rates and […]

 

Why Tesla (TSLA) Could Charge More for Its Electric Semi Truck | Nasdaq.com

Why Tesla (TSLA) Could Charge More for Its Electric Semi Truck | Nasdaq.com

A week after its unveiling, Tesla (TSLA) finally revealed the price of its all-electric driverless semi trucks, effectively signaling what some believe is the beginning of the end for trucks operating on gas and diesel. The company announced that the 500-mile range electric semi will start at $180,000, while the 300-mile range version will be […]

 

Jay-Z Cancels Lincoln Show Citing Technical Issues | Pollstar

Jay-Z Cancels Lincoln Show Citing Technical Issues | Pollstar

While there have been rumblings of Jay-Z’s 4:44 Tour being soft and resale tickets going for cheap, a Live Nation representative told Pollstar near the beginning of the tour, and after a sudden cancellation of a Fresno, Calif., show, that aggressively priced higher-end tickets meant the tour was outselling Jay’s 2013-14 solo tour already. A […]

 

How Revenue Recognition Impacts Pricing Strategies | CFO

How Revenue Recognition Impacts Pricing Strategies | CFO

In today’s customer-centric subscription economy, pricing and packaging can provide a winning edge. Companies using the subscription business model are using this key customer-touching aspect to differentiate their offerings. The more successful ones tend to offer plenty of flexible pricing and payment options. These companies think of pricing and packaging in the same way that […]

 

How much is it? I-66 tolls start Dec. 4 inside Beltway | WTOP

How much is it? I-66 tolls start Dec. 4 inside Beltway | WTOP

Will I know the price before I get on the road? “All the entrances have a minimum of two signs, and those signs provide pricing at that moment. The first one is an advisory sign; the next sign is a confirmation sign. That price you see on the confirmation sign will be the price you […]

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Railways records 6.5% more passengers | The Indian Express

Railways records 6.5% more passengers | The Indian Express

Break-up of the passenger business reveals that First AC, the most expensive travel option on Indian Railways, registered 8.53 per cent growth in number of passengers this fiscal compared with last fiscal. This elite segment’s share in total ridership figures has also increased marginally from 0.61 per cent to 0.63 per cent by November 20 […]

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Depressed pricing still hangs over Mexico’s domestic market, but demand holds steady | CAPA

Depressed pricing still hangs over Mexico’s domestic market, but demand holds steady | CAPA

Mexico’s domestic market continues to grow at a steady pace, with passenger levels increasing 9% year-on-year for the first nine months of 2017. But pricing in the country’s domestic market was depressed during 3Q2017, creating challenges for the larger airlines operating in Mexico. The country’s second largest airline, Volaris, continues to be under pricing pressure in […]

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Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

One of the hardest aspects of starting a small business is pricing. Even if you have done your research and feel pretty good about where you’ve set your prices now, you may find yourself feeling unhappy or growing resentful down the line. Not a good feeling! The good news is that you can master pricing […]

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How retailers can use predictive analytics to prepare for the holiday season | ITProPortal

How retailers can use predictive analytics to prepare for the holiday season | ITProPortal

Predictive tools aid price optimisation Retailers want to make money during the holiday season, which means they need to sell items at the optimal price. To do this, they must implement predictive pricing analytics, which reviews historical product pricing, product interest, inventory, competitor pricing, margins, etc. From there, real-time, optimal prices can be set that […]

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Cloud pricing discussions at AWS re:Invent? Your cheat sheet to a complicated topic | Diginomica

Cloud pricing discussions at AWS re:Invent? Your cheat sheet to a complicated topic | Diginomica

As AWS re:Invent kicks off the post-Thanksgiving holiday interregnum it is worth opening the kimono on cloud pricing. Let’s be clear from the get-go – it’s complicated and coming up with the right cost profile is far from easy. Although AWS controls and dominates the proceedings, many of the attendees use the cloud-savvy, budget-flush demographic […]

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Factors Likely to Decide Kroger’s (KR) Fate in Q3 Earnings | Nasdaq.com

Factors Likely to Decide Kroger’s (KR) Fate in Q3 Earnings | Nasdaq.com

Kroger’s top – line has been also benefiting from Customer 1st strategy, digital efforts and recent buyouts. Third-quarter revenue is projected to come in at $27,307 million, up 2.8% year over year. However, stiff competition, volatility in food prices, an aggressive promotional environment and waning store traffic remain the primary headwinds with which Kroger is […]

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Gilead Sciences: Are You Willing To Wait 3 Years? – Gilead Sciences, Inc. (NASDAQ:GILD) | Seeking Alpha

Gilead Sciences: Are You Willing To Wait 3 Years? – Gilead Sciences, Inc. (NASDAQ:GILD) | Seeking Alpha

Gilead Sciences (GILD) has been receiving some good vibes since its announcement that it was acquiring oncology company Kite Pharma (KITE). While it certainly does open up huge potential revenue in the future, it will take quite some time for that potential to be realized. In the meantime, there aren’t any major catalysts to drive […]

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Walmart closes in on Amazon in online price war | The Ledger

Walmart closes in on Amazon in online price war | The Ledger

Walmart is within striking distance of matching Amazon.com’s online prices for the first time, a key milestone in its effort to regain the “low price leader” title. Walmart has aggressively invested in making its prices more competitive against brick-and-mortar rivals since the start of the year. Now, the shrinking gap is also becoming noticeable across […]

 

51 Artificial Intelligence (AI) Predictions for 2018 | Forbes

51 Artificial Intelligence (AI) Predictions for 2018 | Forbes

AI will begin answering the question “Why?” Two things we’ve learned watching early adopters interact with AI systems over the last couple of years are: 1) Humans are not good at not knowing what an AI is doing, and 2) AI is not good at telling humans what it’s doing. This leaves users frustrated wondering […]

 

Congestion Pricing Was Unpopular in Stockholm — Until People Saw It in Action | Streetsblog New York City

Congestion Pricing Was Unpopular in Stockholm — Until People Saw It in Action | Streetsblog New York City

It’s natural for politicians to feel squeamish about enacting a big policy change like congestion pricing. People who’ve grown used to free driving privileges defend them loudly, while the potential benefits feel diffuse and uncertain. That may explain why Mayor de Blasio hasn’t warmed to congestion pricing despite its promise to deliver a fairer, safer, […]

 

Mansfield Energy Customers Increase Fixed Price Fuel Purchasing to Address Price Volatility Trends | Markets Insider

Mansfield Energy Customers Increase Fixed Price Fuel Purchasing to Address Price Volatility Trends | Markets Insider

GAINESVILLE, Ga., Nov. 29, 2017 /PRNewswire-iReach/ — Mansfield Energy Corp, North America’s largest energy supply and logistics provider, announced today it is seeing rising demand for Fixed Price and Risk Management services across its customer base in response to the global rise in fuel price risks. Blake Young, President of Mansfield Oil Company explains, “Fuel […]

 

Mobility pricing offers new tools for managing mobility | ITS International

Mobility pricing offers new tools for managing mobility | ITS International

Mobility pricing is the best way of sustaining and enhancing mobility, argues Moving Forward Consulting’s Josef Czako. Mobility pricing (MP) is effectively the culmination of the ‘user pays’ principle and has been referred to in many policy discussions about electronic toll collection, road user charging (RUC), and pricing. MP not only reflects the ‘use more, […]

 

How to Value-Price Durability | Strategic Pricing Solutions

How to Value-Price Durability | Strategic Pricing Solutions

Recently I had a conversation with a friend (let’s call her Helen) who wanted to buy a new iPhone, however she was frustrated that the iPhone 8 offers little in enhancements from her current iPhone 6.  She was contemplating ordering an iPhone X.  When I asked why Helen needed a new phone at all, she […]

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Vladimir Putin showing he may have more power over oil prices than all of OPEC | CNBC

Vladimir Putin showing he may have more power over oil prices than all of OPEC | CNBC

Normally ahead of the OPEC meetings in Vienna, commodity markets would be buzzing about what one of its oil ministers might say. And while both still matter, it’s the power struggle in Saudi Arabia and the omnipresence of Russian President Vladimir Putin that have oil markets on edge. Saudi Crown Prince Mohammed Bin Salman, also […]

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Landor Projects ‘Trump’ To Remain No. 1 Issue For Brands In 2018 | Media Post

Landor Projects ‘Trump’ To Remain No. 1 Issue For Brands In 2018 | Media Post

2. Retail brands think outside the box in response to Amazon: According to Fung Global Retail & Technology, retailers including Macy’s, CVS and Payless have closed more than 5,000 stores as consumers increasingly shop online. In an effort to win back customers, retail brands will pursue new opportunities, such as unusual partnerships and subscription service […]

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Altering prices of 7 food groups could save 23K lives per year in US | Cardiovascular Business

Altering prices of 7 food groups could save 23K lives per year in US | Cardiovascular Business

The authors found that a 10 percent decrease in fruit prices would result in a 15.5 percent increased consumption rate among individuals who didn’t complete high school, a 14.2 percent increase among those who completed high school or some college, and a 13.1 percent increase among college graduates. On the other hand, a 10 percent […]

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Oil prices slip on OPEC deal extension jitters | Reuters

Oil prices slip on OPEC deal extension jitters | Reuters

NEW YORK (Reuters) – Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed. FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Prices […]

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With Good Data From Rival Migraine Drugs, Doctors Foresee Price Headaches | Xconomy

With Good Data From Rival Migraine Drugs, Doctors Foresee Price Headaches | Xconomy

Amgen (NASDAQ: AMGN) and Teva Pharmaceutical (NYSE: TEVA) this afternoon are providing the most detailed look yet at two drugs in an emerging class of medicines meant to prevent migraine headaches, rather than just quell their symptoms. While the data for the two drugs, called erenumab (Aimovig, from Amgen and partner Novartis) and fremanezumab (from […]

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TSX May Open Higher As Initial OPEC Comments Lift Oil Prices | Nasdaq.com

TSX May Open Higher As Initial OPEC Comments Lift Oil Prices | Nasdaq.com

Canada’s benchmark index looked set to open higher on Thursday as oil prices climbed after initial comments from OPEC members boosted investor optimism. Stock futures for the December quarter on the S&P TSX index were up 0.1%. Action Economics ( AE ) said the cartel seems to be on board with an output cut extension […]

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The Trump administration is taking on drug prices — but not drug companies | The Washington Post

The Trump administration is taking on drug prices — but not drug companies | The Washington Post

President Trump swept into office threatening to bring the hammer down on high drug prices, accusing pharmaceutical companies of “getting away with murder.” Over the past few weeks, his administration has tweaked how Medicare reimburses hospitals for certain drugs and sought feedback on a radical idea to pass prescription drug rebates directly to seniors. All of […]

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