Tag

Consumer Trust

All articles tagged with #consumer trust

business16 days ago•13 min saved

Luxury Goods' Shift from Durability to Disposability

Recent viral videos and consumer complaints reveal that some high-end luxury brands like Miu Miu and Maison Margiela are producing products that fall apart quickly, raising concerns about declining quality in the luxury sector due to cost-cutting, outsourcing, and a focus on profits over craftsmanship. This has sparked social media outrage and calls for industry reform, with experts noting a shift away from traditional artisanal practices and a rise in mid-market brands emphasizing quality and value.

via CNN|

#brand-outsourcing #business #consumer-trust

consumer-affairs17 days ago•2 min saved

Customer criticizes Target for deceptive store tactic

A customer accuses Target of inflating prices before sales to create the illusion of discounts, a tactic that erodes consumer trust and is especially prevalent around major shopping events like Black Friday, contributing to wasteful consumer behavior and broader retail concerns.

via Yahoo|

#consumer-affairs #consumer-trust #price-manipulation

business22 days ago•2 min saved

Instacart Discontinues Variable Pricing Program

Instacart is ending a program that showed customers different prices for the same item at the same store, after concerns about transparency and trust. The company clarified that the price variations were random and not based on demand or personal data, and will cease these testing services to restore customer confidence. This move follows a recent $60 million settlement with the FTC over deceptive practices.

via AP News|

#business #consumer-trust #ftc-settlement

business2 months ago•5 min saved

The Rise of AI Wearables and Their Impact on Human Relationships

Some major brands like Heineken, Aerie, and Polaroid are adopting anti-AI advertising strategies to appeal to consumers' desire for authenticity and to counteract the perceived coldness and inauthenticity of AI-generated content, amid growing consumer skepticism and concerns about AI's societal impact.

via businessinsider.com|

#ai-advertising #anti-ai-campaigns #brand-authenticity

business3 months ago•3 min saved

Publishers Clearing House Bankruptcy Ends 'Forever' Prize Payments

Publishers Clearing House, facing bankruptcy, has announced it will no longer pay out 'forever' prizes to some past winners, causing disappointment and raising concerns about the company's financial stability and future prize commitments.

via Fortune|

#bankruptcy #business #consumer-trust

business5 months ago•2 min saved

Delta Air Lines denies using AI for personalized fare pricing amid congressional concerns

Delta Air Lines has assured U.S. lawmakers that it will not use artificial intelligence to set personalized ticket prices based on individual personal data, despite plans to deploy AI-based revenue management technology across 20% of its domestic network. The airline emphasized that its pricing strategies do not target individual consumers with personalized prices, addressing concerns raised by senators and the public about potential fare increases based on personal information. Legislation has been proposed to ban airlines from using AI to set prices based on personal data, reflecting broader concerns about targeted pricing and consumer trust.

via CNBC|

#ai-pricing #business #consumer-trust

business5 months ago•1 min saved

Target to End Price Matching with Amazon and Walmart in July

Target is ending its longstanding price-match policy that allowed customers to match prices from competitors like Walmart and Amazon, shifting closer to Walmart's policy and potentially impacting price-sensitive shoppers. The change, effective July 28, is driven by limited usage but reflects a strategic move to emphasize Target's value and private-label offerings. Retail experts suggest this may reduce consumer confidence in price consistency but aligns Target more with industry standards.

via Axios|

#business #competitor-pricing #consumer-trust

food1 year ago•1 min saved

McDonald's Snack Wrap Returns in 2025 After E. Coli Clearance

McDonald's USA President Joe Erlinger announced the return of the Snack Wrap in 2025 as part of efforts to regain consumer trust following a deadly E. coli outbreak linked to Quarter Pounders. The outbreak, traced to raw onions from a specific supplier, has been declared over by the CDC. McDonald's has ceased using the implicated supplier and is focusing on food safety and rebuilding customer confidence. Additionally, the chain plans to introduce a new McValue menu and extend the $5 meal deal into 2025.

via ABC News|

#consumer-trust #e-coli-outbreak #food