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Why one popular shoe brand is lowering prices in the face of inflation
Why one popular shoe brand is lowering prices in the face of inflation
As inflation continues to strain family budgets, forcing consumers to prioritize purchasing daily necessities over discretionary buys, popular footwear maker Keen is lowering prices on its products to provide some relief to weary consumers.
2023-06-04 17:47
Amouranth: 5 businesses that fan favorite Twitch streamer owns
Amouranth: 5 businesses that fan favorite Twitch streamer owns
Twitch streamer Amouranth has created a diversified investment portfolio, which includes a store that sells unusual products, like fart-filled jars
2023-06-04 16:56
OPEC+ meets to debate production quotas, new cut - sources
OPEC+ meets to debate production quotas, new cut - sources
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA OPEC and its allies will meet on Sunday
2023-06-04 16:17
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
A Big Tech-like rush into luxury stocks is fast falling out of favor. China got the credit for
2023-06-04 15:55
After Month of Pain, Euro Bulls Look to Fed Pause for Relief
After Month of Pain, Euro Bulls Look to Fed Pause for Relief
Investors who took out long positions in the euro could be in for some respite, even as a
2023-06-04 15:52
UBS Considers Delaying 2nd-Quarter Results Until End-August: FT
UBS Considers Delaying 2nd-Quarter Results Until End-August: FT
UBS Group AG may delay releasing its second-quarter results until end-August when it could also provide an update
2023-06-04 15:47
Goldman Sachs sees Turkish lira slip to 28.00 versus dollar in 12 months
Goldman Sachs sees Turkish lira slip to 28.00 versus dollar in 12 months
LONDON Goldman Sachs revised its Turkish lira forecast in the wake of President Tayyip Erdogan't cabinet revamp, saying
2023-06-04 15:47
With oil prices slumping, OPEC+ producers weigh more production cuts
With oil prices slumping, OPEC+ producers weigh more production cuts
The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy
2023-06-04 15:20
What is Daymond John's net worth? 'Shark Tank' investor files restraining order against ex-contestants Baker family
What is Daymond John's net worth? 'Shark Tank' investor files restraining order against ex-contestants Baker family
The Bakers accused Daymond John of deceptive practices, profiting from their venture, and obstructing potential opportunities after their appearance on the show
2023-06-04 15:15
OPEC Latest: Fight Over African Members Hangs Over Talks
OPEC Latest: Fight Over African Members Hangs Over Talks
OPEC+ ministers meet on Sunday to hash out a deal on oil production after a last-minute fight with
2023-06-04 14:45
10 sneaky tricks restaurants use to get customers to buy more
10 sneaky tricks restaurants use to get customers to buy more
The restaurant industry is ever-evolving and continuously bringing in new changes to menus to suit its demographic. Certain tricks in their menus allow restaurants to subtly nudge customers into enjoying a fuller dining experience, consequently increasing their spending. Sign up for our free Indy100 weekly newsletter To help diners avoid falling for these tricks, an expert at Menu Price lifted the lid on the sneaky tricks that encourage people to spend and consume more: Value menus Restaurants introduce value menus with meals of different price points. The restaurant hopes that it will motivate customers to opt for the priciest range of the value menu, which has more options, or to bypass the value menu entirely due to its limited options. This strategy ultimately translates into increased profitability. "If a restaurant's value menu features items like burgers, pizza, and spaghetti, but your preference leans towards a steak, you'll find yourself ordering the steak at its regular cost, bypassing the value menu. This scenario directly contributes to a higher profit for the restaurant," says a Menu Price expert. Emphasis on certain menu items Restaurants strategically highlight specific dishes, often those with higher profit margins, drawing customer attention to these preferred items through menu placement and design cues. The use of colour Warm hues like red and yellow can trigger hunger, while cooler shades like blue make meals seem more refreshing. Strategically deploying these colours in their menus helps restaurants subtly sway customer choices. Photographs used sparingly To maintain a sophisticated aesthetic, restaurants use photographs sparingly, only emphasising selected dishes, making them more appealing to the eye and tastebuds alike. Descriptive language Vivid descriptions of dishes can create a compelling image in customers' minds, making the menu items more appealing and increasing the likelihood of ordering. Avoiding currency symbols Menus without currency symbols can encourage higher spending, as prices appear less intimidating. "Keep a close eye on prices, even when restaurants fail to integrate dollar signs. This can help you avoid paying more than you want for a meal," the expert said. Anchor items Restaurants place some of their most expensive items next to even more costly options. The Menu Price expert added: "When customers see a pricey dish positioned next to an even more expensive option, they are more likely to perceive the less costly of the two as a 'better deal." Use of boxes Boxes and borders draw attention to specific items, creating a visual 'stage' that makes these dishes stand out. "This technique is often applied to high-profit items, specials, or unique offerings," they said. Keeping portion sizes secret Restaurants offer full or half salads or sandwiches without revealing the portion sizes. Despite any clear explanation, consumers assume that half sizes are overpriced and the full size is more cost-effective. "Customers perceive they are getting a better deal without even knowing the real serving size of the food options." Difficult-to-read font Using complex fonts in menus can slow customers' reading, promoting more profound engagement with dish descriptions. This added interaction can enhance dishes' perceived worth and exclusivity, thereby subtly inspiring a readiness to spend more. Remain vigilant during your next dining experience and see how many of these subtle tricks you can spot and how much money you can save on your meal. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-04 14:29
Far-Right Resurgence Limits Scholz’s Room for Action in Germany
Far-Right Resurgence Limits Scholz’s Room for Action in Germany
Germany’s far right has surged to new highs in opinion polls, tapping into citizens’ discontent over record-high migration,
2023-06-04 13:59
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