Pricing

Dick's Sporting Goods Inc., along with various liquidators, won a bankruptcy auction on Friday for the U.S. business of Golfsmith International Holdings Inc.with a bid of $70 million, according to reports. Golfsmith filed for chapter 11 bankruptcy protection in September. Dick’s plans to keep open at least 30 of Golfsmith's current 90 stores, and liquidators Tiger…

The luxury retail group LVMH said there’s “no way” it will do business with Amazon. Amazon has said that it wants to sell more high-end product on its marketplace, but LVMH doesn’t think it’s an appropriate place for its luxury goods. Currently, Amazon sells “accessible luxury” brands such as Kate Spade and Michael Kors. Total…

Bed, Bath & Beyond may be getting rid of its coupons after realizing that the ubiquity of 20 percent off deals is backfiring for the company. The retailer is testing a beta version of its new "Beyond+" loyalty program. The program offers perks including free shipping and 20 percent off every entire purchase, for a membership fee of $29 per…

An investigation by ProPublica has found that Amazon.com's algorithms encourage customers to pay more than they need to for products. The report found that Amazon places its own products in the prominent “Buy Box” almost three-quarters of the time, even if it isn't the cheapest. If a customer bought everything recommended by Amazon’s "Buy Box,"…

We’ve all experienced it. You walk into a big-box store in September and think to yourself, “Christmas decorations already?” Every year, the holiday season seems to start earlier, for both brick-and-mortar stores and online retailers. In fact, the National Retail Federation (NRF) has reported that 40 percent of shoppers say they start buying holiday gifts…

Learn the benefits of selling on multiple marketplaces, the value each marketplace brings to the table and much more.

Last week, Dollar General announced price cuts on hundreds of items across 2,000-plus stores. This announcement reflects the retailer’s goal to increase store visits from its core low-income demographic. It also comes three months after Wal-Mart said it would speed up price cuts to restore its reputation as the retailer with the lowest prices. According…

Fashion retailer Zara got hit with a lawsuit for allegedly cheating American shoppers out of billions of dollars. The retailer, known for its trendy but reasonably priced clothing for women and men, was accused of unlawful pricing. Attorney Mark Geragos represents the plaintiffs. He accused Zara of "bait and switch and cover-up pricing." He said many products…

Last week, Wal-Mart confirmed that it will be bringing back its rollback program to 300 stores. The decision indicates a major shift in its retail positioning, according to an article on SeekingAlpha. "We're focused on low prices, up front, on the shelf," John Forrest Ales, a Wal-Mart spokesman, said in an interview. The rollback program…

In episode 48 of Total Retail Talks, Mabel McLean, director of Amazon IQ at L2, a member-based business intelligence firm that benchmarks digital trends, discusses the key findings of L2's most recent fashion digital survey, “Amazon: Fashion Pricing Insight Report," including how aggressive Amazon’s dynamic pricing algorithm is relative to third-party discounting, how frequently Amazon changes the…