Right, and they’re going to do this daily, or even multiple times per day? Not a chance without digital pricing.
Digital pricing also changes in an instant, leaving customers little or no recourse. Personally if I saw someone manually marking up an item I intended to buy by a couple dollars, I wouldn’t buy that item and maybe wouldn’t revisit the store.
Ohh this bottle of water went up $0.12, rush to the shelf! print, peel peel peel, wipe, stick
We occasionally did this at Best Buy back in the day when a neighboring retailer would put on a sale. Sometimes things would be missed in the AM adverts or it would be a local sale rather than a corporate sale, but it would be more like a $50 change on a $1000 item.
I wonder if they take into account someone putting something in their cart at one price and it changing before they reach the checkout. Like would you preserve the lower of the two prices for 15 minutes to make sure customers don’t see it changing and get mad?
The goal is to pair this with cameras and facial recognition. When you walk up to an item, it will display a price for you. When someone else does the same, they’ll get a different price. Your assigned price will be recorded to your profile and honored when you get to the register.
The goal is to be able to easily charge different people different prices for the same item. It has very little to do with changing prices for everyone over the course of the day.
It’s so much worse than that. Algorithmic pricing represents the death of what little remains of the American dream. What’s the point of going to college, going to trade school, or working hard to improve your situation in any way? Every time you get a raise, the algorithms will figure out your income is higher, raise all the prices, and completely cancel out your salary increase. What’s the point of doing anything to better your own earning potential at that point? All jobs effectively collapse to subsistence wages, regardless of the amount you’re actually taking home. Might as well just get the least miserable job you can find and just work that until you die of old age.
They can raise it with sticker pricing too… Like just change the price and print a new sticker… Whenever they want…
Right, and they’re going to do this daily, or even multiple times per day? Not a chance without digital pricing.
Digital pricing also changes in an instant, leaving customers little or no recourse. Personally if I saw someone manually marking up an item I intended to buy by a couple dollars, I wouldn’t buy that item and maybe wouldn’t revisit the store.
Ohh this bottle of water went up $0.12, rush to the shelf! print, peel peel peel, wipe, stick
We occasionally did this at Best Buy back in the day when a neighboring retailer would put on a sale. Sometimes things would be missed in the AM adverts or it would be a local sale rather than a corporate sale, but it would be more like a $50 change on a $1000 item.
I wonder if they take into account someone putting something in their cart at one price and it changing before they reach the checkout. Like would you preserve the lower of the two prices for 15 minutes to make sure customers don’t see it changing and get mad?
The goal is to pair this with cameras and facial recognition. When you walk up to an item, it will display a price for you. When someone else does the same, they’ll get a different price. Your assigned price will be recorded to your profile and honored when you get to the register.
The goal is to be able to easily charge different people different prices for the same item. It has very little to do with changing prices for everyone over the course of the day.
it will cause some real awkward situation if someone in front of you buys the same item and got rung with a different price.
It’s so much worse than that. Algorithmic pricing represents the death of what little remains of the American dream. What’s the point of going to college, going to trade school, or working hard to improve your situation in any way? Every time you get a raise, the algorithms will figure out your income is higher, raise all the prices, and completely cancel out your salary increase. What’s the point of doing anything to better your own earning potential at that point? All jobs effectively collapse to subsistence wages, regardless of the amount you’re actually taking home. Might as well just get the least miserable job you can find and just work that until you die of old age.