Retailers have taken notice of this trend.Consumers are remixing their spending back into services and entertainment outside of their homes after curtailing those activities during the pandemic, Target CEO Brian Cornell told analysts in May, noting that this trend helped drive continued soft trends in discretionary [retail] categories.Joe Bennett, a forensic musicologist at Berklee College of Music, said in the CNBC report that dynamic pricing shares some blame for the rising price of concert tickets.
Dynamic pricing is the charging of steeper prices at times of higher vietnam mobile database demand. It’s a concept often associated with airline ticket prices or the way ride-hailing services tweak their fares at busy times.Last year, the high ticket prices for tours by a pair of rock groups — Oasis and Green Day — led to calls for dynamic pricing reforms.
RecommendedConcerts Still Strike Chord With Consumers Despite High Prices‘Exit Packages’ and Defunding Push May Drastically Reshape Financial RegulatorsKraken Revenue More Than Doubled During Crypto BoomElon Musk’s Father Joins Ranks of Meme Coin MintersSee More In: Consumer Spending, economy, entertainment, inflation, News, PYMNTS News, Retail, What's Hot‘Exit Packages’ and Defunding Push May Drastically Reshape Financial RegulatorsBy PYMNTS | January , | Congress, regulators, CFPBThe shakeup on Capitol Hill — still ongoing, as the Trump administration settles in for its second round, as the new Congress has been seated — will extend to financial regulations.
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