Pricing
September 13, 2017 at 10:25 am
Neiman Marcus is taking a step back from its discounting strategy and closing 10 of its 38 Last Call outlet stores. The upscale department store chain wants its Last Call stores to stand out by offering consumers more merchandise from its full-line stores in proportion to the made-for-outlet merchandise that offers higher margins, but isn't…
September 12, 2017 at 9:49 am
Neiman Marcus is taking a step back from its discounting strategy and closing 10 of its 38 Last Call outlet stores. The upscale department store chain wants its Last Call stores to stand out by offering consumers more merchandise from its full-line stores in proportion to the made-for-outlet merchandise that offers higher margins, but isn’t […]
September 7, 2017 at 12:26 pm
Amazon.com may be in hot water over the cost of water. Many consumers are accusing the retailer of price gouging as Hurricane Irma makes its way toward Florida. CBS News reports packages of Nestle water selling for $25 on Amazon, yet the price for the same case of water in the Northeast was $18.50. Amazon…
August 21, 2017 at 9:47 am
Amazon Prime Day marked the marketplace giant’s largest sales day ever, surpassing last year's Black Friday and Cyber Monday. With the growth of online marketplaces such as Amazon.com comes the proliferation of pricing violations. A new study from ORIS finds that third-party sellers on Amazon are undercutting minimum advertised price (MAP) by 13 percent, while…
July 21, 2017 at 10:59 am
As technology and globalization continue to fuel mass disruption, a new breed of consumer has emerged — one that's driven by speed, value and experience. This hyperempowered customer has created an array of unique challenges for retailers, many of whom are desperate to capture the attention of the generation who spearheaded this transformation: millennials. With…
July 21, 2017 at 9:51 am
As part of its review of Amazon.com's recent purchase of Whole Foods, the Federal Trade Commission is looking into allegations that the retailer misleads customers about its pricing discounts, a source told Reuters on Thursday. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which reviewed some 1,000 products on Amazon's…
July 19, 2017 at 9:44 am
Dick’s Sporting Goods is launching a program to match prices from Amazon.com and other online competitors. To qualify for the new price match program, which Dick's is calling “Best Price Guarantee,” the item must be the same brand, model and color, and the product must be immediately available at another retailer. A product is not…
July 10, 2017 at 12:23 pm
As Amazon.com gears up for Tuesday's Prime Day — a sales event exclusively for Amazon Prime members — other retailers are deciding whether to counter the online leader with their own discounts, deals and free shipping offers. Wal-Mart, Target and Lowe's, for example, are among the big names who are skipping Prime Day this year. However, J.C. Penney,…
June 9, 2017 at 9:48 am
In this episode of Retail Right Now, filmed this week at the Internet Retailer Conference and Expo in Chicago, we review the top retail news of the week, including Sears reaching an amicable resolution in its dispute with power tool supplier One World Technologies; Wal-Mart allegedly punishing workers for using sick days; and Amazon.com's Prime price…
June 5, 2017 at 8:47 am
Many lessons have been learned since the early flash-sale sites of 2004, such as Woot. Retailers know that a deep discounting methodology cannot stand on its own as the core to a business model. They need practical, logical reasons and uses for flash selling, along with a well thought out plan. It’s essential to understand…
