Category: Pricing
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For some Retailers, Black Friday should be renamed Brown Friday
When I was in elementary school I had to do a project on my family’s history. I asked my father if any of our ancestors had been war heroes. He went on to tell the following story: In the 1700’s a great grandfather many generations back had been an Admiral in the Royal Navy. One…
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Is Dynamic Pricing the Retail Equivalent of On-Line Gaming?
In the spirit of full disclosure I am not, nor have I ever been, the CEO of a major retailer. That said, if I was, and my Chief Merchandising Officer told me that his/her strategy to improve profits was “to buy into inventory, and sell it for whatever we can get” I would at the…