Posts by: Tim J. Smith, PhD
In America, we teach our kids how markets work at a very early age. It’s called Halloween. Pricing vs. Sales – “Can…
MoreGroupon has shown the world a new way to do coupon promotions, but is it any better than traditional couponing? In this article, provide an academically proven and industry best-practice approach for evaluating coupon promotions, be it Groupon or any other type of couponing.
More“Find the problem that other people have ignored.” Scott Cook, co-founder of Intuit Inc. August 18, 2001, WSJ. A good idea needs…
MoreSummer Heat Beats Play Ball! If only ticket sellers would! The boys of summer shop ‘til they drop Mother knows best! And…
MoreLast year, a Malaysian executive told me that she must compete on price because Malaysians only buy on price. This year, an Indian executive told me that he only sells commodities because that’s what his nation buys. On both occasions, I countered with a strong push to find ways of meeting their customer’s needs better to reduce downward price pressures associated with selling commodities.
MoreAccording to Ypulse research, teens and college age men spend more per shopping trip than young women ($94 vs. $81)? That’s because guys want to get in and out of stores fast, and avoid shopping for awhile.
MoreIf the price fits, then the suit fits! If my Brand is getting bigger, why are my profits getting smaller? Coupon day!…
MoreAt the beginning of the Great Recession, Abercrombie & Fitch (ANF) had a clear policy against price promotions. By the end of the Great Recession, price promotions were clearly part of Abercrombie & Fitch’s retail strategy. What changed? Was Abercrombie & Fitch’s price promotion policy shift simply another shoot-from-the-hip shotgun response to declining sales, or was it a needed change to improve growth and profits?
MoreSummer time! Shoeless and barefoot in the grass. Starbucks who, gotta get my Dunkin on! Vacation time…definitely fly Southwest Airlines, Or definitely…
MoreSomehow “slanina” just isn’t as exciting as BACON! Products are bought because they meet a need. If you’re going to try the…
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