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Concession prices
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NeverTrustAMidget



Joined: 06 Oct 2007
Posts: 12157

PostPosted: Mon Sep 18, 2017 8:48 pm    Post subject: Concession prices Reply with quote

Know that it is impossible for local tracks to match these numbers due to the volume involved.

But did anyone noticed the prices for concessions at Mercedes Stadium in Atlanta?

$2 soft drinks with FREE REFILLS.

A number of franchised fast food outlets and the price is the same as in restaurants.

There is no way that local tracks can match these numbers, but wonder how much more money could be made if they lowered concession prices and r4elied on larger volumes to make up the difference.
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PsychoTrack



Joined: 26 Apr 2009
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PostPosted: Tue Sep 19, 2017 12:02 am    Post subject: Reply with quote

According to the text books this country operates on a supply and demand pricing structure. According to those of us that know better our system is about as corrupt and self serving as communism. Given the true competition of the supply/demand concept we would all be better off. With our fractured systems of monopolies, market dominations and pseudo-competitions we just can't get it right on very many levels. We do NOT have a free market system by any definition.
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NeverTrustAMidget



Joined: 06 Oct 2007
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PostPosted: Tue Sep 19, 2017 9:46 am    Post subject: Reply with quote

PsychoTrack wrote:
According to the text books this country operates on a supply and demand pricing structure. According to those of us that know better our system is about as corrupt and self serving as communism. Given the true competition of the supply/demand concept we would all be better off. With our fractured systems of monopolies, market dominations and pseudo-competitions we just can't get it right on very many levels. We do NOT have a free market system by any definition.



Same systems also says lowering prices increase volume and therefor nigher profit margins.

You never see a store advertising price INCREASES to get customers into the store.

Dollar General was almost out of 2 liter Pepsi products yesterday after they went on sale 3 for $3.
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watchemgofast



Joined: 07 Mar 2010
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Location: Heber Springs,AR

PostPosted: Tue Sep 19, 2017 10:38 am    Post subject: Re: Concession prices Reply with quote

NeverTrustAMidget wrote:
Know that it is impossible for local tracks to match these numbers due to the volume involved.

But did anyone noticed the prices for concessions at Mercedes Stadium in Atlanta?

$2 soft drinks with FREE REFILLS.

A number of franchised fast food outlets and the price is the same as in restaurants.

There is no way that local tracks can match these numbers, but wonder how much more money could be made if they lowered concession prices and r4elied on larger volumes to make up the difference.


Your setting yourself up for failure on this post from Oldfart,he's going to want to know if you was actually there instead of on the couch.
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Oldfart



Joined: 19 Jul 2006
Posts: 647

PostPosted: Tue Sep 19, 2017 11:44 am    Post subject: Re: Concession prices Reply with quote

watchemgofast wrote:
NeverTrustAMidget wrote:
Know that it is impossible for local tracks to match these numbers due to the volume involved.

But did anyone noticed the prices for concessions at Mercedes Stadium in Atlanta?

$2 soft drinks with FREE REFILLS.

A number of franchised fast food outlets and the price is the same as in restaurants.

There is no way that local tracks can match these numbers, but wonder how much more money could be made if they lowered concession prices and r4elied on larger volumes to make up the difference.


Your setting yourself up for failure on this post from Oldfart,he's going to want to know if you was actually there instead of on the couch.


Fidget hasn't set foot in any stadium since Lassie was a pup. He reads online about prices and makes comments but has no first hand knowledge. He has made a number of post on another forum about various aspects of the Memphis Tiger football game last Saturday. As usual, He sat on the couch watching it.
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Oldfart



Joined: 19 Jul 2006
Posts: 647

PostPosted: Tue Sep 19, 2017 11:47 am    Post subject: Reply with quote

NeverTrustAMidget wrote:
PsychoTrack wrote:
According to the text books this country operates on a supply and demand pricing structure. According to those of us that know better our system is about as corrupt and self serving as communism. Given the true competition of the supply/demand concept we would all be better off. With our fractured systems of monopolies, market dominations and pseudo-competitions we just can't get it right on very many levels. We do NOT have a free market system by any definition.



Same systems also says lowering prices increase volume and therefor nigher profit margins.

You never see a store advertising price INCREASES to get customers into the store.

Dollar General was almost out of 2 liter Pepsi products yesterday after they went on sale 3 for $3.



Pepsi? Who cares. What has Pepsi done for Memphis football, Riverside, Nascar? Maybe the 2nd Daytona race, can't remember if they still sponsor it or not.


Have a Coke and a smile. If it is possible for you to smile.
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drmike



Joined: 12 Apr 2010
Posts: 1040

PostPosted: Tue Sep 19, 2017 2:18 pm    Post subject: Reply with quote

Plus bourbon and pepsi is gross.
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watchemgofast



Joined: 07 Mar 2010
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Location: Heber Springs,AR

PostPosted: Tue Sep 19, 2017 2:24 pm    Post subject: Reply with quote

drmike wrote:
Plus bourbon and pepsi is gross.


Laughing Laughing Laughing Laughing Laughing Laughing Laughing
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watchemgofast



Joined: 07 Mar 2010
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Location: Heber Springs,AR

PostPosted: Tue Sep 19, 2017 2:25 pm    Post subject: Reply with quote

Can't say I didn't warn you Midge!
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NeverTrustAMidget



Joined: 06 Oct 2007
Posts: 12157

PostPosted: Tue Sep 19, 2017 3:50 pm    Post subject: Reply with quote

You can get a 28 pack of 20 oz water at Walmart for $3.98 or $.14 a bottle. No reason it should cost more than $.75 a bottle at concession stand.

https://www.walmart.com/ip/Sam-s-Choice-Purified-Drinking-Water-20-fl-oz-28-ct/35395277

People will buy it in heavy numbers at lower price. They sold out of water at LBS Saturday during Tigers/UCLA game by the end of the 3rd quarter.
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Last edited by NeverTrustAMidget on Tue Sep 19, 2017 3:55 pm; edited 1 time in total
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NeverTrustAMidget



Joined: 06 Oct 2007
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PostPosted: Tue Sep 19, 2017 3:52 pm    Post subject: Reply with quote

watchemgofast wrote:
Can't say I didn't warn you Midge!


Think i actually care what some blowhard has to say. He is not worth responding to most of the time.

If his entire life revolves around monitoring my post just to make a smarta$$ remark then he must live a pathetic life.

NOW back on topic.
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watchemgofast



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PostPosted: Tue Sep 19, 2017 4:17 pm    Post subject: Reply with quote

OK I'll get back on topic then midge..

Some higher concessions I understand & some I dont. Take Talladega Superspeedway, that is a massive facility that has to be maintained year around with only 2 race weekends a year to pay for it all,I know there's a lot of money involved in NASCAR but they need that higher concession money to help pay bills.But they allow some free camping & you can bring a cooler in so I'm good with it. Dirt track concessions could be not quite as high with less money needed to maintain the facility,dirt tracks run weekly so if they want weekly fans keep the concession prices reasonable.
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NeverTrustAMidget



Joined: 06 Oct 2007
Posts: 12157

PostPosted: Tue Sep 19, 2017 4:27 pm    Post subject: Reply with quote

Oldfart wrote:
NeverTrustAMidget wrote:
PsychoTrack wrote:
According to the text books this country operates on a supply and demand pricing structure. According to those of us that know better our system is about as corrupt and self serving as communism. Given the true competition of the supply/demand concept we would all be better off. With our fractured systems of monopolies, market dominations and pseudo-competitions we just can't get it right on very many levels. We do NOT have a free market system by any definition.



Same systems also says lowering prices increase volume and therefor nigher profit margins.

You never see a store advertising price INCREASES to get customers into the store.

Dollar General was almost out of 2 liter Pepsi products yesterday after they went on sale 3 for $3.



Pepsi? Who cares. What has Pepsi done for Memphis football, Riverside, Nascar? Maybe the 2nd Daytona race, can't remember if they still sponsor it or not.


Have a Coke and a smile. If it is possible for you to smile.


Noticed you left off Tiger Basketball. Could that be because Pepsi is the official soft drink at Fed Ex Forum???

http://www.nba.com/grizzlies/sites/grizzlies/files/media/menu_1314_letter.pdf

Or that U of M and Pepsi have an exclusive contract for on campus vending machines.

http://www.memphis.edu/auxiliary/sbven.php

You should remember the old saying. Better to stay silent and be thought a fool than to open your mouth and remove all doubt.
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NeverTrustAMidget



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PostPosted: Tue Sep 19, 2017 4:41 pm    Post subject: Reply with quote

watchemgofast wrote:
OK I'll get back on topic then midge..

Some higher concessions I understand & some I dont. Take Talladega Superspeedway, that is a massive facility that has to be maintained year around with only 2 race weekends a year to pay for it all,I know there's a lot of money involved in NASCAR but they need that higher concession money to help pay bills.But they allow some free camping & you can bring a cooler in so I'm good with it. Dirt track concessions could be not quite as high with less money needed to maintain the facility,dirt tracks run weekly so if they want weekly fans keep the concession prices reasonable.


The business model for local tracks is the issue.

Many tracks get the majority of their profit through concessions. So there is the temptation to try and increase profit margin by raising the prices.

There is a break even point econ9mically where you can raise prices to a point where you decrease sales to a point where you lose revenue.

Likewise there is a point where you can lower prices that you are unable to generate enough sales to make up for loss revenues.

The main item is attendance. If attendance is too low then you cannot sell enough no matter what price you set.

As i stated in the OP, local tracks cannot match the volume of sales seen at Mercedes stadium. So there is no way they can match those price level.

But there should be a level where they can lower some of their prices and increase volume enough to increase profits.

Economist Milton Freedman wrote several articles on this subject which are good reading.
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Oldfart



Joined: 19 Jul 2006
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PostPosted: Tue Sep 19, 2017 6:04 pm    Post subject: Reply with quote

NeverTrustAMidget wrote:
Oldfart wrote:
NeverTrustAMidget wrote:
PsychoTrack wrote:
According to the text books this country operates on a supply and demand pricing structure. According to those of us that know better our system is about as corrupt and self serving as communism. Given the true competition of the supply/demand concept we would all be better off. With our fractured systems of monopolies, market dominations and pseudo-competitions we just can't get it right on very many levels. We do NOT have a free market system by any definition.



Same systems also says lowering prices increase volume and therefor nigher profit margins.

You never see a store advertising price INCREASES to get customers into the store.

Dollar General was almost out of 2 liter Pepsi products yesterday after they went on sale 3 for $3.



Pepsi? Who cares. What has Pepsi done for Memphis football, Riverside, Nascar? Maybe the 2nd Daytona race, can't remember if they still sponsor it or not.


Have a Coke and a smile. If it is possible for you to smile.


Noticed you left off Tiger Basketball. Could that be because Pepsi is the official soft drink at Fed Ex Forum???

http://www.nba.com/grizzlies/sites/grizzlies/files/media/menu_1314_letter.pdf

Or that U of M and Pepsi have an exclusive contract for on campus vending machines.

http://www.memphis.edu/auxiliary/sbven.php

You should remember the old saying. Better to stay silent and be thought a fool than to open your mouth and remove all doubt.


Pepsi pays the Forum 2 mil a year for sponsorship. How much of that does the Tiger Basketball team get? I believe they get $000,000.00. We barely got any money last year because attendance was so low.

The Grizzlies team at Landers will be playing in the GBL. Sponsored by Gatorade. The ONLY people allowed to drink Gatorade are the teams, none will be sold in the arena. Coke has exclusive rights at Landers. Coke has been a huge supporter of city athletics for years, dating back to the Pigeon family. Look at many local scoreboards, Coke. I don't recall seeing very many Pepsi scoreboards.
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