American retail behemoth Walmart is planning to roll out digital price tags to all stores by the end of the year to replace the old-school paper ones, according to CNBC. The move has sparked concerns about potential abuse for "dynamic pricing."
God bless Costco!
We need new legislation saying we can’t have different prices for different customers at the same time. Isn’t that by definition discriminatory?
Seems like trader joes is the best in the business for this sort of thing.
https://www.grocerydive.com/news/trader-joes-podcast-retail-media-in-store-tech/743962/
https://www.traderjoes.com/home/privacy-policy
https://xcancel.com/TraderJoesUnion/status/1286343031818465282#m
“from benign tactics like lowering a price to sell an item that may expire soon”
Couldn’t the shop just make a rule that if an item is in the last 5 days before experiering, you get 10% of per day it gets closer?
This would not have anything to do with the price tag, since the same price tag is usally applied to multiple items with different dates, so it would be calculated at checkout.
No corporation does anything that doesn’t benefit them financially. If a company is not doing anything a certain way, the reason is always money.
Yeah good point, I was just trying to think of an example. I guess a better example might be discontinued stock or something. “Let’s just price this to go so we can clear up the shelf space for something else.”
We have had those systems in Europe for years now. I don’t believe it’s a huge problem. In fact, it is sometimes better as It standardise displaying and reduce the likelihood of misleading pricing (displaying the unit price for 2+1 promo in big and only in small the real price if you only purchase one unit ). At least that used to be the case, if digital display have increased resolution that could change.
That’s off topic but I wouldn’t say that’s true. Most corporations do not, a few do. Like Ben & Jerrry. Or Anthopic when refusing to agree to Pentagon terms.
Of course, there is a argument to be made that even when a company takes a path that doesn’t improve their profits, they do so to improve their popularity and therefore ultimately profits. But I don’t think that’s a fair and complete assessment.
I’ve encountered my fair share of mismarked prices where the price on the shelf is suddenly higher at checkout. But most large stores, Walmart included, are pretty good about honoring the shelf price. I think they’re actually required to do so by law in many US states. Some cashiers have asked me to show them a photo of the shelf price on my phone. It gives me a good excuse to show everyone in the store how fast I can run!