The consumer search for online bargains has contributed to the recent popularity of “flash sales,” which offer limited quantities of products at a discount for a limited time.
Consider Amazon Prime Day, for instance. On July 12, 2016, Amazon offered thousands of products at huge discounts on flash sales that lasted minutes. Many people were able to snatch great deals, but others were disappointed when accessing Amazon’s website just to find that the deals they were looking for had sold out.
Annibal Sodero, assistant professor in the supply chain management department at the Walton College, led research to better understand how retailers, such as Amazon, can better forecast sales and set prices accordingly for flash sale deals in order to satisfy demand, without risking being left with overstock. Continue reading Research: Consumer Sentiment Yields Insights Into ‘Flash Sales’
The U.S. Department of Energy has awarded $2 million to Picasolar Inc. to advance a pilot manufacturing program for solar cell technology developed at the University of Arkansas.
The SunShot Tier 2 Incubator Award will be matched with $2 million from Picasolar. The award is the result of the company’s patent-pending hydrogen super emitter process to increase the efficiency of solar cells and could ultimately lead to new high-tech manufacturing jobs in Northwest Arkansas. Continue reading Picasolar Awarded $2 Million for Solar Technology
Boston Mountain Biotech and WattGlass LLC, two technology startup companies that formed in the New Venture Development class in the Sam M. Walton College of Business, have been selected for the Hello Tomorrow Top 500 Worldwide competition, to be held in October in France.
The University of Arkansas is proud to send 23 of our undergraduates to exchange universities next semester as part of an estimated 115 students planning to head overseas to study abroad this spring. Continue reading U of A Students Prepare to Spend Spring Semester Overseas at Partner Universities