Millard Drexler Quotes

I think in just about any business the low cost competitor is always going to have an advantage.

Competing at full price is the way we like to do business, but we cannot ignore the promotional environment.

In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.

Anyone can sell product by dropping their prices, but it does not breed loyalty.

Things that price at $4.99 sell very differently than things that price at $5.

Fairly or not, Western consumers associate Chinese products primarily with 'low price.'

It's widely assumed that you can't compete with free, and that seems like a reasonable thing to think. But this has not been my experience.

Every retailer, when they price their goods, looks at their total cost overall. When they have costs go up, they'll price their products accordingly.

Retailing, it's always true that there is some items that I wish we had a lot more of like the iPod and there is some items I wish we had a lot less of.

Every time you drop the price by a factor of two, you roughly get a 10 times pickup of the number of people who will seriously consider buying it.

Pricing is actually a pretty simple and straight forward thing. Customers will not pay literally a penny more than the true value of the product.

If you're not worried that you're pricing it too cheap, you're not pricing it cheap enough.

If somebody can offer value at a cheaper price, they should. But that also means Uber should, too.

In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.

Cutting prices or putting things on sale is not sustainable business strategy.

For every $10 you reduce the price of the smartphone, 100 million more people will buy them.

I like the work. If I upped the price, I wouldn't get the work.

I know the price of lettuce. You need to understand price and value. You buy the best lettuce you can at the best price you can.

When we cut the price for bananas by 1 ruble, we sell 100 tons a day more... There are people who live within their budget.

My instinct is to assume that we consumers are an inconsistent bunch. We like competition if it delivers low prices, but grumble if it delivers the bad news that prices need to go up.

In e-commerce, your prices have to be better because the consumer has to take a leap of faith in your product.

We want to turn our inventory faster than our people.

The intriguing aspect of food charges on airlines is that they create the perfect laboratory for any economist who wishes to study the question of how to price a good that possesses, by universal consensus, absolutely no objective value.

My mom and I had a kids' clothing store called Smooch for six years, and I did all the buying before I even had kids.

People were desperately trying to fill their seats for the summer. And so prices are really low right now. And so they are kept from raising prices to make up for that difference.