Tag Archives: Dynamic Pricing

Why Predictive Analytics Have Become Essential Technology For Retail Profit

Predictive analytics have quickly become an essential technology solution that retailers are eagerly adopting to compete and survive in today’s marketplace. Predictive analytics solutions let retailers use science to analyze Big Data… using patterns found in historical and transactional data to uncover actionable insights and opportunities, to ...
Read More | Comments Off on Why Predictive Analytics Have Become Essential Technology For Retail Profit

“List Prices” Have Become Slippery Slope for Retailers, Customers & The Law

Marketing StrategyRemember when price tags had information on them like: “Valued at, compared to, marked down from, or manufacturer’s suggested retail price? In recent years, many retailers have been hauled into court for “false and misrepresentative” advertising — for comparing the discounted price to list prices that were inflated o...
Read More | Comments Off on “List Prices” Have Become Slippery Slope for Retailers, Customers & The Law

Upstream Commerce Unveils New Advanced Trending Solution

Advanced trending perpetual motion150What if retailers could combine market data with key business metrics to uncover underlying trends — and then leverage these insights to optimize business results?  What if retailers could get answers to important questions such as: “How does my sales volume behave when my price changes are not aligned with market price movements?” or, “Which met...
Read More | Comments Off on Upstream Commerce Unveils New Advanced Trending Solution

Dynamic Pricing: What should you do if your competitors change prices every hour — or even every minute?

Editor’s Note: We recently received some great questions on our Competitive Pricing For Online Retail LinkedIn Group Site — worth sharing with our wider audience. Questions such as: 1. What should you do if your competitors change prices every hour or even every minute (i.e. dynamic pricing)? 2. When performing competitive intelligence, how can yo...
Read More | Comments Off on Dynamic Pricing: What should you do if your competitors change prices every hour — or even every minute?

Upstream Commerce Unveils Dynamic Pricer™ Real-Time Dynamic Pricing Solution for Retailers

NEW YORK – Tuesday, April 22, 2014 — Retail Intelligence leader, Upstream Commerce, today unveiled Dynamic Pricer™, the latest tool in its pricing intelligence toolbox, providing retailers the capability to automatically control and change their pricing in real-time based on rules the retailer determines.

“In today’s hyper-competitive market, wit...
Read More | Comments Off on Upstream Commerce Unveils Dynamic Pricer™ Real-Time Dynamic Pricing Solution for Retailers

3 Important Ways Dynamic Pricing, Shipping Costs & Pricing Intelligence Affect The Cost Of A Dustpan

 In the past few posts, I talked about the advantages and disadvantages of dynamic pricing for both the retailer and the consumer. The discussions referred to Wall Street Journal article(s) about the frequent lowering of prices on all kinds of items (from toilet paper to bicycles) in order for retailers to be competitive and reach the top of the ...
Read More | Comments Off on 3 Important Ways Dynamic Pricing, Shipping Costs & Pricing Intelligence Affect The Cost Of A Dustpan

Dynamic Pricing Duels Between Online Retailers Continue: WSJ

Dynamic pricing by big online retailers — changing their prices frequently to have the lowest or most competitive price at any given moment — with the express goal of being listed in the “choice” box of the search engine — continues to provide fodder for further discussion. First, in my post, How Online Dynamic Pricing Can Hurt Retailers and Consum...
Read More | Comments Off on Dynamic Pricing Duels Between Online Retailers Continue: WSJ

Dynamic Pricing Heating Up In Online Retail Competition: WSJ News Hub

In my recent posts, I’ve been discussing How Online Dynamic Pricing Can Hurt Retailers and Consumers, as online retailers scramble to use pricing intelligence tools and techniques to have the lowest prices in order to get high rankings on consumer price search engines. Here’s more on that discussion as reporter Julia Angwin, on September 4, 2012, ...
Read More | Comments Off on Dynamic Pricing Heating Up In Online Retail Competition: WSJ News Hub

How Online Dynamic Pricing Can Hurt Retailers And Consumers

Dynamic pricing — used heretofore to squeeze profit out of remaining space availability for plane tickets, sports tickets, concerts, and hotels — is quickly finding its way into everyday pricing of consumer commodities.  Merchants are using pricing intelligence to monitor their competition’s prices and change prices more and more often to get the...
Read More | Comments Off on How Online Dynamic Pricing Can Hurt Retailers And Consumers

4 Proven Techniques Using Price Segmentation To Maximize Profits

You know you can make more money when you can charge different prices to different customers. This is price segmentation as discussed in my previous blog post, “How To Use Price Segmentation To Maximize Retail Profits.” The ultimate goal is to charge each customer whatever he or she is willing to pay. Of course this isn’t always possible, but he...
Read More | Comments Off on 4 Proven Techniques Using Price Segmentation To Maximize Profits

Great Video: 10 Outstanding Pricing Milestones Throughout History

What do the Rolling Stones have to do with pricing milestones? Find out in this video when Pricing Prophets’ Founder / Managing Director, Jon Manning tells us the colorful history of pricing. It’s all there: Auctions (think Joseph and the Coat of Many Colors); opportunistic pricing (price vs demand, as in charging more to take people across the Th...
Read More | Comments Off on Great Video: 10 Outstanding Pricing Milestones Throughout History