Looks like the US is like 10 years behind the Europe.
But if I understand correctly those electronic shelf labels will be remote controlled. IoT?
They’ve been in use in the US in other retail outlets for about as long.
I suppose there was little rationalization for them in grocery stores until recently. Keep in mind grocery stores are massive chains, largely stocked by vendors - the store doesn’t own a huge portion of the product, they rent out space to vendors.
So there’s probably also the interaction between vendor and the chain - how the pricing update is managed.
Maybe someone more knowledgeable about how grocery works could chime in. I only have a cursory understanding. I wonder what their It systems look like, how they integrate/communicate with vendor systems.
I used to work for a company that did contract work for retail and grocery stores. For the most part, there isn’t a whole lot of direct integration, unless you’re talking about the huge chains and huge suppliers. Buyers make an order, that order gets tracked, shipped, added to inventory, and placed on the shelf.
Walmart is so huge and so nickel-and-dime that I’m sure they track and update prices based on a variety of factors, much like how Amazon does their micro-pricing stuff.
I prefer to think of it like there is some fake Europe wannabe out there and the poster wanted to make sure people knew he was talking about the real Europe.
So, if these prices can be so easily updated, surely the retailers can now include tax in the listed price. It’s very simple automated math of course…
Wait, you’re telling me that the price on the shelf doesn’t include tax where you live?
And how about price comparison, is it mandatory for US supermarkets to display the price per unit based on a standard unit of measurement (such as per pound or per ounce or whatever metrics are used)?
This month, Walmart became the latest retailer to announce it’s replacing the price stickers in its aisles with electronic shelf labels. The new labels allow employees to change prices as often as every ten seconds.
“If it’s hot outside, we can raise the price of water and ice cream. If there’s something that’s close to the expiration date, we can lower the price — that’s the good news,” said Phil Lempert, a grocery industry analyst.
Jesus, I can’t imagine just coming out and saying this like it’s not fucking deranged to charge people more for WATER during a heat wave.
Also, the first time the price of something rises in the 5 minutes it takes for me to get my shopping done and get to the checkout, I’m taking a shit on the floor.
We’re gonna need some new regulations that require all price labels to have a date/time of last change so we know when they changed the prices.
It helps that it’s an “industry analyst” and not someone from Walmart.
I can tell you, working in retail, there’s no way they’d jack up prices during a heatwave for water. They still gotta compete with other stores, and charging more would cause shoppers to go to where it’s cheaper.
Now if there’s shortages all over town and even the followers can’t keep up, I can see them fucking with prices. But they could do that right now if they wanted to. It’s not hard to adjust prices.
The real advantage of electronic labels is not having a crew to replace stacks and stacks of labels all over the store. The cost of labor and cost of the actual label sheets and printer maintenance to keep all that up to date, I’m guessing, is getting to the point where it’s cheaper to use electronics.
You say that like people would stop at multiple locations just to compare prices before buying water. Most people will just go wherever is most convenient, such as their usual supermarket. They’re not going to spend the time and money driving around to each supermarket in town.
Also, I’m pretty sure that jacking up prices for water string a heat wave is basically the definition of price gouging.
Imagine walking down the aisle, normal day, no thoughts about the prices or any of that.
Then one day you walk down the aisle but this time you forgot your phone in the car.
Different prices. Then some one walks is coming close from the other end of the aisle. The price changes. They walk past, nonplussed. A few seconds later, it switches back.
