This is used by hotels, airlines, entertainment and other industries to adjust pricing to the demand and supply, and some implications that facial recognition will be used to prices items.

Kroger and Wal-Mart use it, the initial use is for streamlined pricing, critics say it will be used to upcharge based on local demand, individuals, much like gas.

Oil goes up and somehow the price at the pump increases, even though the gas was made with lower cost crude at the time.



Link NYT

https://x.com/WallStreetApes/s.../1933389513285595202

The future is here...again.

It was only a matter of time.

So, you pick it up at 1.34, then 20 min later you get to the register & it rings up at 1.46?
And, the 'Plus 10% at the register'
My business would be going elsewhere quickly.

quote:

Dynamic Pricing now at Wal-Mart and Kroger

Fuck that shit. I've spent hundreds or even thousands of dollars in them. Play that game with me and watch it go bye-bye. We'll see if they actually do it. I am disinclined to believe anything in that tweet.

So there is no price listed on the shelves?

Well, if it’s in the NYT it must be true.

Fuck that shit. When you’re looking to buy a plane ticket, you’re just sitting in your chair and you can agree to the price before clicking to pay for it.

I’ll be pissed if I go look for something, take it and bring it to the cash register and the price changed. It’s bad even now when the register rings up a different price by “accident” and it’s never accidentally lower. Who remembers prices any way besides my wife?

Any item I was buying that rang up for a higher price than displayed would get left at the register. My assumption is that the majority of shoppers won’t even pick up on the price “change” when pulling out the credit card to pay.

^^^ Bait and switch.

As someone who used to work for one of these retailers, the entire purpose is to update prices rather than have employees manually go out and change the paper price tag on the shelf.

For context, it takes about 10 seconds to change the price on the shelf, and there’s 140,000 different SKUs at a normal size supercenter.

But please go on with the hyperbole, that the article specifically states will not occur.

These are simple screens with a price display, not some sort of facial recognition that spits out a different price for every consumer.

^^^^ But but people need to be outraged……

Can one of those flipper things switch the price back?

quote:

Originally posted by reloader-1:
As someone who used to work for one of these retailers, the entire purpose is to update prices rather than have employees manually go out and change the paper price tag on the shelf.

For context, it takes about 10 seconds to change the price on the shelf, and there’s 140,000 different SKUs at a normal size supercenter.

But please go on with the hyperbole, that the article specifically states will not occur.

These are simple screens with a price display, not some sort of facial recognition that spits out a different price for every consumer.

That makes some sense, at least.
The +10% at the register, on the shelf display, on the other hand... unless this isn't a US based video.
Plus 10%, plus sales tax. I'm out & will go elsewhere.

Well, I'm boycotting WalMart and I don't think I know where there is a Kroger's to avoid.

Fuck'em both.

quote:

Originally posted by reloader-1:
As someone who used to work for one of these retailers, the entire purpose is to update prices rather than have employees manually go out and change the paper price tag on the shelf.

For context, it takes about 10 seconds to change the price on the shelf, and there’s 140,000 different SKUs at a normal size supercenter.

But please go on with the hyperbole, that the article specifically states will not occur.

These are simple screens with a price display, not some sort of facial recognition that spits out a different price for every consumer.

yup,
if you scroll down on X you get a disclaimer of sorts

Misleading: no “dynamic pricing” is shown in this video. This is a cost plus grocery store (such as Cash Saver) meaning that the price displayed is the cost to the grocery store and 10% is added at checkout on all items, which is the grocery store’s profit margin.



having spent 35 yrs in teh Gro Biz, 12 for Kroger, (been out 10+ yrs now) the post above is correct on timing and price changes,

still quicker than the old peal and restamp every item before UPC's/ Scanners were prevalent,


when I left Kroger there was some talk of electronic shelf tags, but not sure what ever came of that idea, it was supposed to be a major labor saver since you could program the POS computer system to connect and change the prices electronically,

we were using strips on the shelfs, that made it easier to slide a tag in and out of clear backer, vs inserting in the rail ,

and I can say, in most stores, the bottom shelf will get the crap beat out of it from pallets and pallet jacks as well as the stock crew gondolas, and cleaning equipment, so surely an electronic board would last not very long,,,

Electronic price tags have been in French supermarkets for as long as I remember visiting there, so at least 15 years.

quote:

Misleading: no “dynamic pricing” is shown in this video. This is a cost plus grocery store (such as Cash Saver) meaning that the price displayed is the cost to the grocery store and 10% is added at checkout on all items, which is the grocery store’s profit margin.

Well, hell, that's what my favorite store does. This is clearly marked with signage.

Amazon does this all the time.

You can often, but not always, manipulate it for a lower price.

Find what you want on Amazon.

Close your browser. Go to Google and search again.

If other people have the product at a lower price, sometimes Amazon shows a lower price.

It can depends on who the seller is.

Good news for those of you heavily invested in plastic fork futures, you know how volatile that market can be.