Don't like the price you're seeing on a coffee maker or a toothbrush? Try waiting five minutes. That lesson is starting to dawn on consumers as retailers embrace technologies that allow them to make rapid-fire price changes on a hourly or even minute-by-minute basis. Consumers are accustomed to rapid price fluctuations in the online world, used by sophisticated e-commerce retailers like Amazon.com, but brick-and-mortar retailers are embracing technologies that crawl the web for product prices and make adjustments on the fly both online and in stores for things like consumer electronics, power tools and even consumer packaged goods....
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Report: India’s Cabinet gives OK to probe Wal-Mart lobbying
January 24, 2013
From Chain Store Age
New Delhi -- An Indian official said Thursday that India’s Cabinet will investigate allegations that Wal-Mart Stores Inc. broke rules as it lobbied to make its retail market debut in the country.
According to Manish Tewari, information and broadcasting...
Food retail expert assumes interim CEO role at 99 Cents Only
January 24, 2013
From Retailing Today
CITY OF COMMERCE, Calif. — Former Food Lion CEO, and current board member for 99 Cents Only Stores, Richard Anicetti, is assuming the role of interim CEO for the discount retailer. In addition, Michael Fung will join the company as interim chief...
