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Pricing
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Rampant discounting in department stores has conditioned a great majority of consumers to wait for the "SALE" sign before even entering. And this is impacting how they make purchase decisions in other aspects of their lives. In fact, roughly 90 percent of the 750 consumers First Insight surveyed last month acknowledged that these discounts areโฆ
The president of Japanese clothing retailer Uniqlo threatened to close its U.S. stores if President Donald Trump creates a policy that forces the company to manufacture its products in the United States. Speaking in New York last week, Tadashi Yanai, chairman and president of Fast Retailing, which owns Uniqlo, said he would โwithdraw from theโฆ
The president of Japanese clothing retailer Uniqlo threatened to close its U.S. stores if President Donald Trump creates a policy that forces the company to manufacture its products in the United States. Speaking in New York last week, Tadashi Yanai, chairman and president of Fast Retailing, which owns Uniqlo, said he would โwithdraw from the [โฆ]
Russia's antitrust watchdog, the Federal Antimonopoly Service (FAS), found Apple guilty on Tuesday of iPhone price fixing in the country. The FAS said that Apple's Russian subsidiary forced 16 retailers to fix their pricing on iPhone 5 and iPhone 6 models, according to the Financial Times, which earlier reported on the ruling. The report even statedโฆ
While traditional department stores, mall-based retailers and subscription commerce businesses have had their struggles as of late, thereโs one retail category that's booming (at least relatively speaking): dollar stores and off-price brands (e.g., Ross, Marshalls, T.J. Maxx). However, that category's success hasn't translated online, as the business model of paying to ship inexpensive goods acrossโฆ
Just one day after Wal-Mart announced its plans to cut grocery prices, Target said it will spend $2 billion this year and a total of $7 billion over three years to get more people into its stores. The plans include initiatives such as remodeling stores, launching more private label brands, price reductions and opening more smallโฆ
Wal-Mart is cutting prices in several markets as the chain prepares for German-based discount grocery chain Aldiโs expansion into the U.S., according to reports. Stores have lowered prices in key markets across 11 states, including Kansas, Iowa, Illinois, Indiana, North Carolina, South Carolina and Florida. The markets account for 56 percent of the company's revenue. Theโฆ
Wal-Mart is cutting prices in several markets as the chain prepares for German-based discount grocery chain Aldiโs expansion into the U.S., according to reports. Stores have lowered prices in key markets across 11 states, including Kansas, Iowa, Illinois, Indiana, North Carolina, South Carolina and Florida. The markets account for 56 percent of the companyโs revenue. The [โฆ]
While large sellers are often blamed for driving prices low and commoditizing goods and services, the big guys arenโt always to blame when it comes to violations of minimum advertised price (MAP) policies. With regard to MAP, smaller retail sites are often the first ones to lower the price, which triggers larger sites and marketplaces to followโฆ
Since the introduction of e-commerce and especially following its inflection point, โcomparison shopping,โ a paradigm shift in consumer behavior, fundamentally changed the nature of retail forever. Why do consumers comparison shop? Sixty percent say to find the lowest price, according to PwC's Total Retail Survey 2016. Modern comparison shopping has created a new dilemma for retailersโฆ