Regional grocery chain optimizes store prices in real time. Privately-owned Raley’s, which operates 129 stores in California and Nevada, is applying artificial intelligence (AI) technology to bring intelligent, dynamic pricing to its stores. Raley’s recently completed a pilot of the AI-based Eversight pricing suite, focused on optimizing multiple product categories across various strategic goals. As […]
The Hershey Co. is raising prices on its candy bars, and says Halloween candy is next on the list. The previously announced price hikes, which affect a wide variety of merchandise, are expected to impact about 20% of Hershey HSY, -1.20% portfolio. “The price increase we announced last summer remains on track, and the […]
Kellogg Company, India’s market leader in organised breakfast cereals space, aims to double its revenue in the next five years with 20 per cent growth in its business. Kellogg India will focus on increasing market penetration both in the urban and rural areas. The company is also considering rolling out product variants in smaller packs […]
Buy Hershey candy, but not the stock. That is the overwhelming consensus of Wall Street. Less than 20% of analysts covering the iconic candy company rate the shares a Buy, far lower than the 55% average for stocks in the Dow Jones Industrial Average. Still, Hershey (ticker: HSY) stock rose about 3% on Wednesday after […]
In the two years since Amazon acquired Whole Foods, the average cost of groceries for Prime members who shop at chain has dropped a mere ten dollars, according to a study released Wednesday by Gordon Haskett Research Advisors. After purchasing Whole Foods in 2017 for $13.7 billion, Amazon set out to help the notoriously pricey […]
Analysis of the top selling soft drinks, confectionery and snack lines shows that only 16.4% of price-marked packs (PMPs) lacked a non-PMP variety, compared with 32.9% at Bestway and 35.6% at Booker. Responding to the research, Nisa told betterRetailing: “Our offer gives retailers the freedom to choose the lines they want, but also to set […]
Both mainstream parties advocate the neoliberal, free-trade policies that the ever more aggregated seed, food and chemical corporations have imposed upon the U.S. since World War II to the detriment of family-scale farms all over the world. The dairy farmers who got through the winter eating cereal and the new farmers who are eagerly starting […]
Dollar Tree (NASDAQ:DLTR) is known for its no-nonsense, everything-for-$1 pricing model. The company has been able to maintain it since it was founded in 1986, but given inflation and other pressures, some investors have called into question the long-term viability of this strategy. Embracing a willingness to test new ideas, the company announced it would experiment […]
Dollar Tree’s one dollar promise may be going away as the U.S. tariff war with China continues to play out. The discount chain has been testing pricier products in its “Dollar Tree Plus” collection in an effort to increase sales. CultureBanx reported minority communities across the country may be shelling out more money as they […]
The New York state assembly passed legislation this week that seeks to eliminate product discrimination, or charging different prices for men’s and women’s products. Women’s products, on average, cost 7 percent more than equivalent products targeted to men, a study by New York City Department of Consumer Affairs found. The study found specifically that, for […]
PND is a digest of pricing focused news, thought leadership, events, training and certification resources for pricing professionals. This Edition is brought to you by: Perfect Price 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 […]
Apple Arcade Could Win Customers with Attractive Pricing | Market Realist
Apple’s (AAPL) is rumored to be offering its upcoming gaming subscription service, Apple Arcade, for $4.99 per month. Guilherme Rambo from 9to5Mac revealed the expected price of Apple Arcade based on a promotional message in one of the application programming interfaces used by the Apple Store app. 9to5Mac gained access to a special early access […]
Apple TV+ Cost: Tech Giant Reportedly Eyes $9.99 Price Point | Observer
Timing is everything. On Monday, we explored how we would handle the missing details surrounding Apple’s forthcoming streaming service, Apple TV+, including the still unknown cost and launch date of the platform. Today, we may have been given an answer on the former. Apple is reportedly “weighing” a $9.99 per month cost following a free […]
AT&T brings cable TV prices to online streaming with $135 monthly plan | Ars Technica
AT&T is now charging up to $135 a month for the online video service formerly known as DirecTV Now. DirecTV Now launched in 2016 with plans ranging from $35 to $70 a month for 60 to 120 channels. There have been several price increases and a reduction in the number of channels since, resulting in […]
This Week in Pricing > 8/17/19
TWIP is a digest of pricing focused news, thought leadership, events, 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 real-time […]
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