Retail Price facts
While investigating facts about Retail Price Index and Retail Price Index 2019, I found out little known, but curios details like:
High priced college textbooks bundled with "access codes" that expire at the end of the semester largely force students to buy books at retail prices at campus bookstores and render the texts worthless in the resale market. Nearly four in 10 college courses bundle their texts with access codes.
how to calculate retail price from wholesale and markup?
Arizona iced tea hasn't changed its 99¢ retail price since 1992
Where to buy rolex at retail price?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering where to buy sneakers at retail price. Here are 31 of the best facts about Retail Price Meaning and Retail Price Index 2018 I managed to collect.
where to buy shoes at retail price?
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Arizona iced tea hasn't changed its 99¢ retail price since 1992
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JCPenney tried to do away with fake retail sales and implemented flat rate pricing. They failed miserably and lost 700 million dollars.
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85% of outlet clothing is made with lower-quality fabrics and cheaper construction than its retail counterpart. Companies like Levis, Ralph Lauren and Nordstrom have all been sued for having MSRP on their "Compare At" price tags even though the product never saw the inside of a flagship store.
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Mattel released & quickly discontinued a vibrating Nimbus 2000 broomstick that was so stimulating that sex shops started selling the children's toy for double the retail price.
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Migros, Switzerland's largest retail company, gives a share to every Swiss adult for free, allowing them to vote in general assemblies. Furthermore, if the earnings before interest/taxes exceed 5%, the supermarkets are forced to lower their prices
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All packaged products sold in India have a "maximum retail price" printed on the package by the manufacturer and that it is illegal for a store to charge more than that. India is the only country with this system.
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India is the only country that uses m.r.p.(Maximum Retail Price) system to fix a maximum price for products and commodities and a product cannot be sold for a price above its m.r.p.
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JC Penney marketed items as being higher than their retail price and then put them on sale to create more demand for the regular priced item.
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Some online retailers manipulate prices based on the visitor. Having a cookie history of luxury shopping could significantly raise the price.
Retail Price data charts
For your convenience take a look at Retail Price figures with stats and charts presented as graphic.
Why is retail price index?
You can easily fact check why recommended retail price by examining the linked well-known sources.
Arizona ice tea has not changed it’s 99¢ retail price since 1992.
France has Fixed Book Prices. Retailers can only give a maximum 5% discount off the cover price. Argentina, Austria, Germany, Greece, Israel, Italy, Japan, Lebanon, Mexico, the Netherlands, Norway, Portugal, Slovenia, South Korea and Spain have similar laws. - source
The only reason that glasses are so expensive is because most all brands are manufactured by the same company and sold by retailers owned by that same company. Which allows them to set higher prices since they control most major sun-glass retailers. - source
India is the only country to allow manufacturers to set a Maximum retail price(MRP) for their products. Therefore, retailers are not allowed to charge customers over MRP throughout the country. It is illegal and enforceable by law.
After 'Dirty' Harry Callahan (the police detective played by Clint Eastwood on film) described his Smith & Wesson Model 29 as "the most powerful handgun in the world", so many wanted to buy the .44 Magnum weapon that it sold for three times the original retail price. - source
When is retail price?
Psychological Pricing is a pricing strategy where retail prices are set to odd numbers like $19.99 because consumers perceive them as a lower cost than they actually are. People will often round down to the next unit, so $19.99 becomes $19.00 in their mind despite being much closer to $20.00
How to price a product for retail?
In order to drop the retail price of the VHS release of Top Gun in 1987 to $27, Pepsi sponsored a 60-second ad before the film. $27 is $60 in today's dollars.
Merchants priced items in 'odd' amount to force retail clerks to make change, necessitating the use of the cash register to make change, minimizing the opportunity for coins and bills to be pocketed by clerks, by-passing the cash register.
JC Penney CEO Ron Johnson tried to reinvent retail by eliminating coupons, setting a price where the consumer did not even need a coupon in the first place. One year later, JC Penney posted a same store sales drop of 32% in 1 quarter and is referred to "the worst quarter in retail history".
Sega Saturn had a "surprise" N. American launch at E3 in order to get ahead of the Playstation which was about to announce their N. American release date and lower price later that day. Everyone was surprised including retailers, who began receiving systems and games that day, and developers.
If the retail price of electricity is 12.69 cents per kWhr, then the equivalent price per gallon for driving the electric vehicle is $1.15/gallon; since 27.9 mi/gal * .326 kWh/mi * .1269 $/kWh = $1.15/gal.
