How Would Wendy’s Implement Dynamic Pricing in 2025?

Wendy’s CEO announced during an earnings call on February 15, 2024, that the restaurant planned to introduce dynamic pricing in 2025.

Other terms used to describe dynamic pricing are surge pricing, also known as yield management. Surge pricing allows for rapid price changes based on various factors. The most common way of implementing it is by increasing prices during peak periods of demand, and reducing prices during slower periods. The intent is to smooth out demand to allow for more efficient operations. […]

Walmart Refocuses Innovation Strategy

Since opening an innovation hub known as Store No. 8 in 2017, Walmart has incorporated resulting new ideas (e.g., in-home delivery and text/voice shopping) into its operations.

The closing of Store No. 8 signals Walmart’s strategies to rein in high inflation by trimming expenses and shifting innovation to local teams.

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By |2024-02-28T20:02:27+00:00February 28, 2024|Tags: , , , |

Build-A-Bear Isn’t Just for Kids Anymore

Many people think of Build-A-Bear as a brick-and-mortar store inside a mall where parents and grandparents take small children for a unique hands-on experience.  And for good reason. Build-A-Bear—now in its 25th year—has nearly 500 box stores across America.

But Build-A-Bear isn’t just for kids anymore. In fact, the company now markets its products as multi-generational, with over 40% of sales now coming from teenagers and adults. Yearly sales were $467.9 million in 2022, the most profitable year in Build-A-Bear’s history.

What is driving […]

Lego’s Competitive Strategies

Lego’s reality game show, LEGO Masters, promotes generations upon generations of people’s passion for its product.

Teams compete for $100,000 and the title of LEGO Master.  Paul Wellington and Nealita Nelson, a brother and sister team from Milwaukee, were early favorites and finished third in the finale.

Friends Christopher and Robert took home the championship on December 14, 2023.

Learn more about Lego: Lego’s sustainability efforts.

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By |2023-12-17T00:27:34+00:00December 17, 2023|Tags: , , , |
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