Whole Foods still has the highest overall prices among U.S. food retailers, despite the widely publicized discounts the Amazon-owned grocer made in April. Walmart continues to have lowest overall prices, momentum that will likely be unscathed by Whole Foods’ price cuts, Bank of America Merrill Lynch analysts wrote in a Tuesday report. Kroger narrowed its […]
The U.S. government terminated its tomato pricing agreement with Mexico on Tuesday, a move that local importers and their allies had warned would mean higher prices for consumers and potential job losses for thousands of American workers. As a result of the termination of the so-called Tomato Suspension Agreement, the U.S. Commerce Department will re-start […]
Get ready for more expensive salads: Prices for fresh tomatoes could almost double if the U.S. slaps tariffs on imported Mexican tomatoes, according to a new Arizona State University estimate. Consumers across the U.S. could pay 40 to 85 percent more for vine-ripe and other fresh tomatoes if punitive duties, scheduled to start taking effect […]
Prices for Woolworths’ premium private label groceries are rising faster than prices for national brands as Australia’s largest retailer attempts to protect profit margins amid rising costs. Woolworths, and to a lesser extent Coles, has been playing hardball with suppliers, resisting price rises stemming from the drought, rising energy costs and the weaker Australian dollar. […]
I had the pleasure to interview Neil Kataria. Niel is the co-founder and CEO of Basket. A graduate of University of North Carolina, Neil is highly analytical and never gives up until a problem is solved. Prior to building Basket, Neil founded newBrandAnalytics, a social analytics company, which he led through its acquisition by Sprinklr […]
SAN FRANCISCO, March 27, 2019 /PRNewswire/ — Nine out of 10 leading retailers price their private label products lower than the average prices of their respective categories, reveals the latest study from DataWeave, a provider of Competitive Intelligence as a Service to e-commerce businesses and consumer brands, in collaboration with SunTrust Robinson Humphrey, a leading full-service […]
Knowing your customers and making relevant offers — not engaging in a price war — is the way for supermarkets to prevent fast-growing hard-discount grocers Aldi and Lidl from siphoning market share, according to Brick Meets Click. Because of their private label-driven, operationally efficient business models, Aldi and Lidl can offer prices 30% to 40% […]
Concession items at Toyota Field just got a little bit cheaper. San Antonio FC announced today new Fan Friendly Pricing for seven things on the menu. SAFC will be serving up 16 oz. domestic draft beer for just $5, 24 oz. fountain sodas for $2.50, and bottled water for $3. Other discounted food items include […]
Turkish President Recep Tayyip Erdogan has declared war on food inflation. With food prices rising nearly 30 percent and looming critical local elections next month Erdogan is turning to unconventional methods to rein in costs. Subsidized food is being sold at distribution centers in Istanbul and the capital, Ankara, along with several provincial cities. The […]
The amount that drivers are paid is determined largely by the distance from a store to the shopper’s home or location. For example, for all deliveries within 5 miles of the pick-up point, the retailer agrees to pay a certain amount. It works similarly for distances of 10 or 15 miles from the store as […]
This Week in Pricing > 5/18/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Vistaar Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management. Our solutions are powered by predictive models leveraged by machine learning that […]
A new study sparks a war of words over pharma’s commitment to research | STAT
WASHINGTON — A coalition of the drug industry’s fiercest foes is accusing the world’s top drug makers of hiding behind research and development “as an excuse for price-gouging American patients.” And they’re pointing to a new study that finds drug makers spent about 22% of their revenues on research and development in 2017 to prove […]
Drug court to try firms refusing to cut prices | The Express Tribune
ISLAMABAD: The government is expected to take up the issue of hike in drug prices at its next cabinet meeting while it intends to move the drug court against all those pharmaceutical companies who refuse to lower prices of their medicines in line with the recent policy decision of the government. This was disclosed by the […]
Beshear Files Claim Against Drug Manufacturers for alleged Price Gouging | SurfKY News
FRANKFORT, Ky. (5/13/19) — Attorney General Andy Beshear filed two lawsuits seeking to recover ill-gotten gains from 23 drug manufacturers that skyrocketed the prices of more than 100 prescription drugs including those used to treat diabetes, epilepsy and cancer. In Franklin Circuit Court, Beshear filed suit against three of the largest insulin manufacturers, Eli Lilly, […]
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