Pricing and Promotions: the Analytics Opportunity
Many retailers underestimate the value of coordinating decisions on pricing and promotions. A new pricing analytics approach can help.
The Correlation Between Price and Consumer Preference
This case study outlines a pricing transformation project that provided $3 million in short-term pricing opportunities and $10 million in long-term margin improvement opportunities. The project realized these outcomes by harnessing consumer pricing research to determine if different customer segments shopped using specific retail channels, and if so, which products should be offered through each retail channel, and at what price.
Has Apple Reached its Price Limit, or is There Still Room to Grow?
Apple has an impressive history of breaking price barriers, but consumers were surprised to see a price cut at this year’s iPhone launch. Based on findings of a recent Simon-Kucher study, technology experts Nick Zarb and Nathan Weinrauch discuss what this means for Apple’s future revenue growth.
Evolving Product Strategy in a Growing Industry
In this article, the author examines new product pricing during the multiple stages of product development and market evolution. He uses the global mobile device market as a case study to demonstrate the application of different pricing strategies by various players in this highly competitive space.