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☆ You’re not going crazy — you may actually be paying higher prices than other people
  + stars: | 2024-07-21 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
But people making the same exact purchases as you aren’t necessarily paying the same exact prices as you. Companies have used this kind of information to effectively offer different prices to different groups of consumers. Using AI, companies can now answer questions like, “What is this person going to buy next? Rather, its bread and butter is providing companies with “all of the analytics and predictive scenarios” to figure out prices themselves. Then, by predicting how much consumers will buy at different price points, Revionics helps retailers manage their inventories.
Persons: New York CNN —, Shikha Jain, Simon, Kucher, “, ”, Jim Presley, What’s, Presley, Jain, Matt Pavich, David Paul Morris, Mary Winn Pilkington, Revionics wasn’t, it’s “ Organizations: New, New York CNN, Starbucks, North, Starbucks . Companies, Companies, Tractor Supply Co, Revionics, Bloomberg, Getty, Tractor Supply, CNN Locations: New York, North American
☆ Ukraine's long F16s training process has begun -defence minister
  + stars: | 2023-08-19 | by ( ) www.reuters.com   time to read: +1 min
Netherlands' Air Force F-16 fighter jets fly alongside an aircraft simulating aerial interceptions during a media day illustrating how NATO Air Policing safeguards the Allies' airspace in the northern and northeastern region of the Alliance, July 4, 2023. Reznikov said in a TV interview that six months of training was considered the minimum for pilots, but it was not yet known how long it would take to train engineers and mechanics. Ukraine wants the sophisticated U.S.-made warplanes so it can counter the air superiority of Russia, whose forces invaded the country in February 2022. A U.S. official said on Thursday that Washington had approved sending F-16s to Ukraine from Denmark and the Netherlands to defend against Russia as soon as pilot training was completed. The training included technical language training, as the usual basic English level was insufficient, he said.
Persons: de, Oleksiy Reznikov, Reznikov, Andriana Kucher, Nick Starkov, Elaine Monaghan, Grant McCool Organizations: Air Force, Air, Alliance, REUTERS, Rights, Training, Defence, U.S, Kanal, YouTube, Washington, Thomson Locations: Netherlands, Ukraine, Denmark, Russia, Kyiv, Washington
☆ From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
  + stars: | 2023-05-03 | by ( Richa Naidu Helen Reid | Richa Naidu | Helen Reid | ) www.reuters.com   time to read: +5 min
"Because of higher prices, people are buying smaller amounts of groceries overall and may have become more careful not to waste food." "Despite all of that, (there are) 8% to 12% missing items on shelves," he said. "This has created a major, major issue around out-of-stock" in most of the 16 Middle Eastern countries where the company operates, he said. Laurent Thoumine, Accenture's Europe lead for retail, said supermarkets in Britain, France, Germany, Italy and Spain have had the worst stock issues. Products that are scarce in some stores include ketchup, pasta, chocolate, tea, potato chips, toothpaste and pet food, according to Nielsen IQ's Data Impact.
☆ Consumers are still 'cost-cautious' as inflation persists, analyst says
  + stars: | 2023-03-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are still 'cost-cautious' as inflation persists, analyst saysShikha Jain, partner at Simon-Kucher & Partners, discusses the latest from the U.S. retail earnings season.
☆ Singapore's digital banks dangle incentives to win new customers — is it sustainable?
  + stars: | 2023-02-21 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +7 min
Singapore's new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Digital retail banks in Singapore are pulling out all stops to win new customers. Unlike traditional banks — like DBS , OCBC and UOB — which operate physical branches and automated teller machines, digital banks operate entirely online. Singapore's new digital banksThe city-state gave out four digital bank licenses in December 2020. The other two digital wholesale bank licenses were bagged by Ant Group's ANEXT Bank and Green Link Digital Bank, catering to small-and-medium enterprises and other non-retail segments.
☆ Ukraine withstood the Russians in 2022. Can it drive them out in 2023?
  + stars: | 2022-12-06 | by ( Peter Graff | ) www.reuters.com   time to read: +4 min
Dec 6 (Reuters) - When Russia invaded Ukraine, Vadym Khlupianets, a 26-year-old ballet dancer at Kyiv's National Operetta Theatre, joined the army. Ukrainians astonished the world - and themselves - in 2022, withstanding an all-out military assault by a superpower meant to crush them within days. [1/6] A civilian trains to throw Molotov cocktails to defend the city, as Russia's invasion of Ukraine continues, in Zhytomyr, Ukraine, March 1, 2022. As 2022 winds down, Russia has been hurling missiles at Ukraine's energy infrastructure, plunging millions of Ukrainians into darkness and cold. Moscow claims a military justification; Ukraine says this serves no purpose but to harm civilians.
☆ I was laid off from Lehman Brothers right before it collapsed. Here's what the final chaotic weeks were like from the inside.
  + stars: | 2022-12-01 | by ( Emma Magnus | ) www.businessinsider.com   time to read: +5 min
Adam Taylor had been working in M&A at Lehman Brothers in London for 2½ years in 2008. I had started working at Lehman Brothers in the summer of 2005, when I was 25. In retrospect, there were warning signs before it collapsedAt the time, nobody thought Lehman Brothers would go under in 2008. I had friends who bought shares in Lehman Brothers when they were really low, thinking they were only going to go up, but they lost their money. I lost the sense of identity I had linked to the companyFor 2½ years, I'd been "Adam Taylor who works at Lehman Brothers."
☆ Walmart likely to benefit from macroeconomic pressures, analyst says
  + stars: | 2022-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart likely to benefit from macroeconomic pressures, analyst saysShikha Jain, partner at Simon-Kucher & Partners, discusses Walmart's quarterly earnings and the impact of current economic conditions on the retail sector.
☆ Retailers Face Pressure to Offer Discounts While Battling Inflation
  + stars: | 2022-09-23 | by ( Kristin Broughton | ) www.wsj.com   time to read: +7 min
Retailers and their finance chiefs are facing a challenge balancing consumer expectations for discounts and the need to keep raising prices to offset high inflation. With more discounts available and additional inventory being sold through off-price retailers, consumers are expecting to find good deals when they go shopping, executives said. Last month, the average discount at such retailers was 16%, up from 15% a year earlier, UBS said. That is prompting competitors—including those that don’t have too much inventory—to fine-tune their pricing strategies, offering discounts to stay competitive even as they grapple with higher costs. The company’s operating margin fell to 15% from 18.1% a year earlier, according to FactSet, a data provider.
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