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Retail Pricing Format and Rigidity of Regular Prices. Abstract. We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data from three large stores with different pricing-formats (EDLP/Hi-Lo/Hybrid) that are located within 1-km radius.
16 sie 2023 · We study the rigidity of regular and sale prices, and how it is affected by pricing formats (i.e. pricing strategies). We use data from three large Canadian stores with different pricing formats (Every-Day-Low-Price, Hi-Lo and Hybrid) that are located within a 1 km radius of each other.
1 sty 2021 · We study different notions of sale and regular prices, and their variability with store pricing-formats.
16 sie 2023 · We combine these data with two ‘generated’ regular price series (filtered prices and reference prices) and study their rigidity. Regular price rigidity varies with store formats because different format stores treat sale prices differently, and consequently define regular prices differently.
29 cze 2023 · We study the rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing strategies).
Our goal is to fill this gap in the literature. Whereas Hi-Lo stores run frequent sales, which they promote using sale signs, leaflets, etc., Every-Day-Low-Price (EDLP) stores run fewer temporary price cuts, and when they do, the price cuts are rarely promoted. Hybrid (HYB) stores combine some features of the Hi-Lo and EDLP formats.
In this study, we empirically examine the extent of price rigidity using a unique store-level time-series data set – consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers’ costs and the prices received by manufacturers, and (iii) a measure of manufacturers’ costs – for 12 ...
