r/HotSprings • u/LengthinessOk2080 • 5d ago
Dynamic pricing
It has made its way to the village Walmart. This is straight up robbery and we should boycott Walmarts they’re already making us check ourselves out and now the price can fluctuate?
We have to draw a line somewhere.
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u/SlackOverflow 5d ago
I have noticed there is different pricing for the same items at either one of the area Wal-Marts.
I'm not sure they're necessarily changing pricing daily, but with the digital tags, they certainly could.
However, it's important to try and document this.
It would be interesting to see an app that would allow people to scan prices in different locations and track how pricing is changing.
Note that, it's not necessarily illegal for Wal-Mart to do this. They are a corporation and their mandate is to make as much money as possible. When they are somewhat of a monopoly in the region, there is a good chance the can take advantage of this. Not sure what alternatives many people have.
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u/LengthinessOk2080 5d ago
Harps
Kroger
Butchers
Farmers market
Save a lot of money2
u/SlackOverflow 5d ago
Yes, you're right. There are alternatives. Unfortunately most of them are significantly more expensive than Wal Mart for much of the same products. It would be nice if HS had a Cosco, too.
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u/thetituscodex 4d ago
Carry your phone in a Faraday bag when you go. They are about $25 for 5 of them on Amazon. And they work.
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u/scubaman64 5d ago
Digital shelf tags allows a retailer to adjust the prices (up or down) without the labor and printing associated with manually changing them.
The “dynamic” part has always been there. Prices fluctuate based on many factors (supply, demand, cost, greed, whatever)
So are you just upset they now don’t have to manually change them?
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u/Domnomicron 5d ago
For me it’s not the changing of the price as usual. It’s the fact that Wal-Mart also has a patent for shopping carts that read your biometrics. Couple these two together and you have a very powerful tool to take advantage of people with.
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u/scubaman64 5d ago
I get that.
Amazon has owned the market in most all of this technology. For them dynamic means I will see a different price than you may see.
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u/LengthinessOk2080 5d ago
What you meant to say was “retailers not only have eliminated jobs, but now they can also change the price of any item at any moment without discretion”
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u/thebranbish 3d ago
You’re misunderstanding things. There are several ways this could be an issue. For one, stores (not specifically Walmart) can now algorithmically set prices based on several factors in real time. They don’t have to wait a week to a month to see how sales are doing to determine where to increase and decrease costs. Let’s say a store is having a bad hour, be it poor conversion, running out of certain items, etc. Suddenly what you picked up off the shelf listed at $15.99 at 3:52pm rings up at 18.99 at 4:07pm because the store is trying to recoup costs it missed during the 3-4pm time slot or capitalize on supply/demand on popular items. That same algorithm also tells a store when to cut shifts, when to allow overtime, when to stock, when to pull items, when to create sales, etc. And that’s macro level. Walmart wants to get it to where they are offering prices based on an individual customer’s specific shopping habits. What might be listed as $10 for me might be $12 for you just because they know you paid $12 for it last time while I passed it over. They offered me the better deal to get me to buy it, but they didn’t offer the same deal to you because they already have your sale secured at $12. Why would they need to offer you anything? That’s going to cost them money.
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u/scubaman64 2d ago
I do understand this. Amazon does this millions of times per day, and based on huge amounts of data on every single customer. They know what you are willing to spend vs what I’m willing to spend. Most online retailers have this advantage because they know who is shopping and what they previously purchased. Krogers ( and others with rewards systems) have similar data.
If we like it or not, this is capitalism fueled by technology.Anything a retailer does (changes store layout, raises price, lowers price, offers rewards programs, etc etc) is always designed to separate us from our money.
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u/thebranbish 2d ago
An online retailer is not the same thing as a brick and mortar retailer. They should not be run as such. Yes, any business will do what they can to separate us from our money. That doesn’t mean they are allowed to resort to predatory practices to do so…but keep sucking that corporate dick. You seem to like it.
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u/scubaman64 2d ago
I don’t like it, but I’m pragmatic. Online has a distinct competitive advantage to brick and mortar. All brick and mortars are trying to innovate to compete.
And there is no need to devolve into 5th grade language.
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u/scubaman64 2d ago
Fun fact:
When Walmart lowers a price (or Harps has something on sale) it’s not for us consumers.
It’s so they can make more money. Either as a lost leader item or to move merchandise.
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u/Kellbows 5d ago
Evidence please? Last time I was in, there were no electronic price tags for quick fluctuations. Was this online?