Me too. Is there a reason, other than not terribly methodologically defensible "super bowl loss hangover season effect"? Is he injured? Is the line materially worse? Same skill position players, right?
Huge collapse after being up 25.....
http://www.cnn.com/2017/11/20/sport/georgia-dome-imploded/index.html
Hopefully this means others will find the optimal price point to be lower as well.Apparently the Falcons made more money despite the lower prices
http://www.espn.com/nfl/story/_/id/22212592/atlanta-falcons-drop-prices-make-more-money-mercedes-benz-stadium-concessions
I'm sorry, could you please repeat the day two more times, multitracked and with echo.
I'm sure there's a combination of factors that lead into this happening but this line stuck out to me:Apparently the Falcons made more money despite the lower prices
http://www.espn.com/nfl/story/_/id/22212592/atlanta-falcons-drop-prices-make-more-money-mercedes-benz-stadium-concessions
Yes, lower prices will get people to buy that hot dog/pretzel/beer but if the lines cause you to miss a significant portion of game time a lot of people just skip it. Having that many more locations to buy helps out a lot.The new stadium also had 65 percent more points of sale and 1,264 more beer taps than the Georgia Dome did as well as self-serve soda machines.
Actually they’re lowering prices as part of this process.Enjoy paying more so they can make up the transaction fee!
Enjoy paying more so they can make up the transaction fee!
Yeah - let's flesh this out a bit.Actually they’re lowering prices as part of this process.
What about that wording on my Federal Reserve notes saying "Legal tender for all debts public and private"?Yeah - let's flesh this out a bit.
The stadium initiated low prices and they also initiated 'whole dollar' pricing. With everything in round dollars, it kept lines moving with no change involved. But whole dollar pricing isn't flexible to small changes - by going cashless, they can tweak prices still lower. Here are the new prices.
What about that wording on my Federal Reserve notes saying "Legal tender for all debts public and private"?
Which is great for fans...but...they're still paying a 3ish% processing fee for a CC transaction. So they're taking a double whack.Actually they’re lowering prices as part of this process.
You're gonna have to walk me through how going cashless and lowering prices is making them more money, if there's something I'm missing other than volume from faster transactions?Yeah - let's flesh this out a bit.
The stadium initiated low prices and they also initiated 'whole dollar' pricing. With everything in round dollars, it kept lines moving with no change involved. But whole dollar pricing isn't flexible to small changes - by going cashless, they can tweak prices still lower. Here are the new prices.
I'm sure they've done analysis that they will take in more volume as there will be less "lost sales" from people not having to wait in long lines and walking away with nothing and also with the lower prices they'll buy more items than before. Instead of just buying a hot dog now they'll add on a burger or pretzel bites (and more beers, which is where the profit is).You're gonna have to walk me through how going cashless and lowering prices is making them more money, if there's something I'm missing other than volume from faster transactions?
Small changes, you mean like commodities? Places like this go through companies like Aramark, who have a big enough portfolio that they can lock in pricing and if something fluctuates it's on them, the teams pay a fee and % of sales.
I'm sure they've done their analysis, I'm just skeptical it plays out that way. There's plusses - no armored car service, no need for change, just swipe and go, etc - so maybe it evens out, but from the food service side I'm not seeing it. I'd just be interested to see the analysis.I'm sure they've done analysis that they will take in more volume as there will be less "lost sales" from people not having to wait in long lines and walking away with nothing and also with the lower prices they'll buy more items than before. Instead of just buying a hot dog now they'll add on a burger or pretzel bites (and more beers, which is where the profit is).
Maybe the fans would have preferred keeping prices the same but going to larger sizes and allow cash if exact change?Yeah - let's flesh this out a bit.
The stadium initiated low prices and they also initiated 'whole dollar' pricing. With everything in round dollars, it kept lines moving with no change involved. But whole dollar pricing isn't flexible to small changes - by going cashless, they can tweak prices still lower. Here are the new prices.
I'm sure they've done analysis that they will take in more volume as there will be less "lost sales" from people not having to wait in long lines and walking away with nothing and also with the lower prices they'll buy more items than before. Instead of just buying a hot dog now they'll add on a burger or pretzel bites (and more beers, which is where the profit is).
I'm sure they've done their analysis, I'm just skeptical it plays out that way. There's plusses - no armored car service, no need for change, just swipe and go, etc - so maybe it evens out, but from the food service side I'm not seeing it. I'd just be interested to see the analysis.
About a dozen years ago, the company I was working for was invited to bid on the concessions and restaurants at the new park for the Nationals, they had just broken ground and were playing at RFK still. Seeing the finances and how the mechanics work, it was kind of eye opening. Everyone think these teams make a shit ton on concessions, but they really don't because they're not running them. They're paying a company, which needs to pay employees and costs. I'd just love to see the math, because it doesn't make sense to me - no one wants to do CC because margins are so thin, that 3% makes a difference. I'm just curious how this is good for them, but maybe their purveyor has some work around to make up the difference. I get the concept, I'm just wondering on execution, should be interesting.
(I also have a full set of blue prints for Nationals Park, thing is ginormous and really cool to flip through.)
They are prioritizing "throughput efficiency" which is Carbo's point of 'long lines and walking away with nothing.' Also - the 'fan experience.'“In our business model, we fight for seconds because our demand is not an even demand," Cannon said. "It comes in very specific moments – before kick, quarter breaks, halftime. And in those moments, we either are able to satisfy that demand or it’s like an airline seat. If it takes off with an empty seat, it’s gone. So really, through-put efficiency and the ability to satisfy demand was at the top of our list.”
I get Carbo’s point I just am skeptical is all. I’d love to see how many people they expect to ‘throughput’ in those ‘limited’ times. How many extra hot dogs can you sell between quarters? It doesn’t take much more time to make change on a rounded number than if you insert your chip and input a pin. What if the system crashes?More details here.
They are prioritizing "throughput efficiency" which is Carbo's point of 'long lines and walking away with nothing.' Also - the 'fan experience.'
They say concessions are profitable, but profitability isn't the priority.
Bigger picture.After this past season, the Falcons are going to need more than increasingly fan-friendly concession prices and processes to fill their stadium. (Did you see how many empty seats they had for their last few home games in 2018?)
I wasn’t aware there was a difference, I’ve only seen overall statements.They run all transactions through a payment gateway before it hits the processor that is probably adding a couple cents to each transaction as well.
I doubt they're using PIN as the transaction fee for PIN debit would rise drastically for the ticket size. That said some credit card issuers are using PIN for verification now.
Yeah, that wouldn't cause any arguments at the register. None at all. And then you still have many of the disadvantages of a cash-based system mentioned upthread. It should be an all-or-nothing decision.Maybe the fans would have preferred keeping prices the same but going to larger sizes and allow cash if exact change?
What do you mean by "arguments? "Yeah, that wouldn't cause any arguments at the register. None at all. And then you still have many of the disadvantages of a cash-based system mentioned upthread. It should be an all-or-nothing decision.
You have a drawer full of cash right in front of you and yet are unwilling to take inexact change. Based on my daily observations of humans, that would set off about 5% of people.What do you mean by "arguments? "
My bad. I was unclear in my phrasing. Debit cards would still work. They just won't necessarily require the PIN. Similar to restaurants that just swipe them.I wasn’t aware there was a difference, I’ve only seen overall statements.
In that case though, how does that save time? Half the people are going to want to use their debit, then get told no, then argue or don’t have a CC on them; if the argument is fan experience, financing a $4 hit dog doesn’t really seem like a selling point to me, but who knows.
The US credit card system is still a mess:Almost all debit cards work without PIN these days, right?. Generally speaking, it's pretty dumb to be inputting your PIN into a POS anyway.
Either way, I go to lots of events/vendors that don't take cash. It's not strange anymore, and it certainly seems faster.
One of the best ways to give out your PIN is to use it at a POS. Even with a debit card, use it as credit.The US credit card system is still a mess:
Debit - PIN & Chip
Debit as Credit - Chip
Credit - Chip
All that security fails? Just have a broken chip 3 times and you can swipe it. Other parts of the world you're required to use a PIN always since if someone steals your card, they still dont have the PIN most likely.