Click the picture to download a PDF of this story. By Jesse Carleton, jcarleton@nrha.org New Age of Pricing Adjusting prices according to supply and demand is basic economic theory, but now it’s happening faster than ever. Search for an airline ticket …
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Click the picture to download a PDF of this story. Hardware Retailing staffers Kate Klein, Melanie Moul and Todd Taber contributed to this article. Winning Customers in a Price-Conscious Culture Many independent retail businesses have an image problem. Consumers often …
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What Do Customers Think of Your Prices? Surveying shoppers about their perception of the prices at Palos Ace Hardware in Palos, Heights, Illinois, helped owner Dan Harris better understand what his customers think about his business’s prices and those of his competitors. …
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A new study from financial data firm Market Watch finds that Walmart and Amazon’s online prices are closer than ever, Business Insider reports. The study, which tracked prices on Amazon and Walmart’s website, spanned 700 days. Walmart’s online prices were …
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Walmart is testing a pricing strategy to boost margins for online purchases and drive in-store sales, reports The Wall Street Journal. The big-box retailer is selling products online at slightly higher prices than the same product in its stores as …
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Electronics retailer Best Buy is testing outlet stores in four states as an alternative way to sell clearance and open-box merchandise, according to the Minneapolis/St. Paul Business Journal. The outlet stores will sell clearance and open-box merchandise at discounts up to …
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“Price-match guarantee” and “We will beat any competitor’s advertised price by 10 percent” are common promises that pop up in retail advertising. These statements are used to tell consumers the stores are confident they have the lowest prices in that …
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The prices on home improvement products are growing, and so are retailers’ efforts to keep those prices competitive and retain customers. Price continues to be a key factor consumers consider when choosing where to shop. Over the years, product pricing has …
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