With no shortage of convenience and all the products you could possibly need, it’s no wonder shoppers love Amazon. In fact, the e-commerce giant constitutes over 50% of all online sales in the U.S. But size is a double-edged sword. With so many deals to sift through, it’s hard to tell if what you’re purchasing […]
VANCOUVER—Is it time to cap gas prices? With consumers paying record-high prices in Metro Vancouver, Premier John Horgan said this month his government would consider “some relief” for those who can’t afford $1.70 a litre. At least one economist says assistance should come in the form of regulation. Marc Lee, a senior economist at the […]
![Can Amazon Reinvent the Traditional Grocery Store? [Podcast] | Knowledge @ Wharton](http://knowledge.wharton.upenn.edu/wp-content/uploads/2019/03/amazon-shopping-cart.jpg "Can Amazon Reinvent the Traditional Grocery Store? [Podcast] | Knowledge @ Wharton")
The Journal said Amazon’s supermarket concept strongly resembles ideas from a 2013 report by former Deloitte consultant Brittain Ladd, who now works for AmazonFresh. That report sees Amazon’s supermarkets combining its discounting strategy with online capabilities, adding drive-through grocery pick-up and placing Amazon Lockers inside. The goal is to create “an ecosystem of channels centered […]
CNBC lately reported that retailers still chose Amazon when it comes to retail pricing policy. Why? The global marketplace provides the retailers with more spacious room to use their own price for the products. Of course, Amazon requires all brands to offer the most competitive price for all products they sell on the marketplace. In […]
Arguments Against the MFN Clause MFNs used by online platforms can harm competition by keeping prices high and discouraging the emergence of new platform rivals through both exclusionary and collusive mechanisms, wrote Jonathan Baker and Fiona Scott Morton in a Yale Law Journal article published last year. Government enforcers in the U.S. and private plaintiffs […]
“Amazon buying Whole Foods has created a big opportunity for us,” said Nick Green, the co-founder and CEO of Thrive Market. “Whole Foods has been the standard bearer for natural foods and organic products, but the challenge it has had is that many people don’t live near one, and many people can’t afford it. When […]
Pricing for hydrogen fuel-cell vehicles, like the upcoming 2019 Hyundai Nexo, hasn’t meant all that much up until now. That’s because both of the other fuel-cell vehicles currently offered—and most of them offered to date—emphasize highly subsidized lease programs. But it’s actually not in this case here. Hyundai plans to sell the Nexo, not just […]
Missed out on Black Friday and Cyber Monday for some of the biggest deals in VR? You’re in luck—as a part of Best Buy’s ‘Door Buster’ deal, an even better deal has come to the Oculus Rift + Touch bundle for one day only. Update (10:50 AM ET, December 3rd, 2018): The Best Buy deal […]
Black Friday is so last week, although some of the best travel deals are on-going. Cyber Monday, the largest online shopping day ever with $7.8 billion in sales, is what’s happening now. A whole new set of travel vistas are open from the comfort of your computer screen, with these last-minute Cyber Monday travel deals. […]
While its Black Friday sales were a washout (ad scan), the Target TGT +1.78%’s Cyber Monday 2018 sale has taken a step up. The reason? While Amazon has many live Cyber Monday deals and Walmart’s Cyber Monday deals look strong, Target is the only store which is cutting prices further thanks to its secret weapon… […]
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: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing […]
This Week in Pricing > 6/22/19
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 […]
MTA And City Move Forward On Congestion Pricing | Gothamist
The MTA and the city’s Department of Transportation (DOT) are moving forward with preparations for implementing congestion pricing. For now, that means issuing a “Memorandum of Understanding” (MOU) on what the next steps are to get the program up and running. This is so both agencies are on the same page when it comes to […]
Harnessing Big Data For Better Pricing Results | Professional Pricing Society
Pricing strategies, like big data, can be key to improving profits in business. According to a study conducted by McKinsey & Company, even a 1 percent price increase can translate into an 8.7 percent boost in operating profits (assuming no loss of volume). However, companies continue to fail to price their products and services appropriately, […]
Alcohol sales in Scotland fall to all-time low in 2018 | HeraldScotland
ALCOHOL sales in Scotland fell to an all-time low in the year that minimum pricing came into force. The latest data, for 2018, reveals that adults in Scotland are now consuming less alcohol than they have since records began in 1994. Teenagers are also less likely than ever to have tried alcohol, with the percentage […]
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