Ryan the Temp said:

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Gaw617 said:

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This happens at Amazon already

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And Amazon couples price manipulation it with quantity tags like "only 1 left" to create a sense of urgency.

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Have left stuff in the 'buy later' section of Amazon and seen that the price typically drops over time.

Stat Monitor Repairman said:

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Ryan the Temp said:

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Gaw617 said:

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This happens at Amazon already

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And Amazon couples price manipulation it with quantity tags like "only 1 left" to create a sense of urgency.

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Have left stuff in the 'buy later' section of Amazon and seen that the price typically drops over time.

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I do the same thing specifically to get better pricing.

Stat Monitor Repairman said:

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Ryan the Temp said:

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Gaw617 said:

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This happens at Amazon already

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And Amazon couples price manipulation it with quantity tags like "only 1 left" to create a sense of urgency.

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Have left stuff in the 'buy later' section of Amazon and seen that the price typically drops over time.

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That's a pro tip

How would this work for hurricane prep?

Ryan the Temp said:

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normalhorn said:

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Ryan the Temp said:

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Gaw617 said:

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This happens at Amazon already

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And Amazon couples price manipulation it with quantity tags like "only 1 left" to create a sense of urgency.

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Ditto for booking a hotel on an aggregator site, like Hotels.com

Last week, i booked a room in Dalhart at the Hampton Inn, since the site said "1 room remaining". Twenty minutes later, my father and sister booked an additional 3 rooms. They both texted me to say, "you better book that room, because the website said only 1 left"

How does dynamic pricing work with grocery store coupons that entice people to choose Kroger over HEB, per say?

TLDR; stop this train, i want to get off of it now...

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Kroger already imposes a higher price for customers who do not use their Kroger Plus card at checkout. Basically customers who do not want their purchase habits tracked by the store pay a premium for groceries.

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I worked at Randall's in the 90s when they first rolled out the membership card for better prices. People were pissed about not getting the discount price without having to sign up, to the point that within a week of rolling it out we had a card at every register that we would swipe if the person didn't have one and didn't want one.

Ayto Siks said:

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How would this work for hurricane prep?

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Fall under price gouging regs once the emergency was declared I'd imagine.

There are ways to play the game to your advantage in certain areas. If I need an electric motor that is $2000 I'll go on to Grainer, Zoro, etc. and add the motor to my cart but leave it there. The next morning I'll get a notice/e-mail that I have items in my cart. Next day I'll usually get a notice that a 10, 15, 20% coupon has been applied to items in my cart if I complete checkout that day.

I see that good ol' Revenue Management has finally made it to the grocery stores. Airlines ushered this in, hotels were next, and now grocery stores.

This could easily backfire. If enough people get organized and fight back by doing what some on here have said - leave stuff at checkout - then local store leadership will likely push back upstream on this because it will cause operational nightmares for them.

Stat Monitor Repairman said:

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Ryan the Temp said:

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Gaw617 said:

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This happens at Amazon already

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And Amazon couples price manipulation it with quantity tags like "only 1 left" to create a sense of urgency.

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Have left stuff in the 'buy later' section of Amazon and seen that the price typically drops over time.

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I keep ~$5k sitting in my Amazon account all the time. I let stuff cool off there to decide whether I really need the junk or want to buy it.

Prices change multiple times a day. I've seen stuff go up $75 in the morning and drop back down in the afternoon. Amazon bases their prices on what other retailers are charging. If Best Buy raises the price on something, it's likely Amazon will raise it nearly instantly.

It's interesting to watch the fluctuations

I ain't payin more than what the price was when I took the item off the shelf.

Just because you can afford more doesn't mean you should have to pay more than someone else.

This might actually be useful in countries experiencing hyperinflation (like Weimar Germany or late-2000's Zimbabwe), where updating paper price tags takes a significant amount of labor.

Not that we should want to emulate them.

I've seen dynamic pricing at bars with lots of beers on tap, but it's done in reverse.

The price gets cheaper as the keg gets lower to encourage customers to finish off older kegs. There's a digital readout on the board to let you know the current price.

Dynamic Pricing ??
Not a problem…

Quit being poor….

Boomer Class of '77

et98 said:

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I've seen dynamic pricing at bars with lots of beers on tap, but it's done in reverse.

The price gets cheaper as the keg gets lower to encourage customers to finish off older kegs. There's a digital readout on the board to let you know the current price.

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Is that the 'stock exchange' bar in NYC?

BonfireNerd04 said:

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This might actually be useful in countries experiencing hyperinflation (like Weimar Germany or late-2000's Zimbabwe), where updating paper price tags takes a significant amount of labor.

Not that we should want to emulate them.

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This reminds me of when Brazil had hyperinflation. The Brazilian joke was when ordering a meal in a restaurant and of course prices were not on the menu, the response of what an item cost was whether you wanted to pay for the meal before or after you finished dinner.

javajaws said:

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Fine with dynamic pricing - but it should only be changed outside of business hours. Nobody wants to see price A and end up paying price B by the time they get to the checkout.

Also, I would like to see it a requirement to either display the pricing history or allow that data be accessible via API for 3rd parties to read from.

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Username checks out?

Gaeilge said:

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et98 said:

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I've seen dynamic pricing at bars with lots of beers on tap, but it's done in reverse.

The price gets cheaper as the keg gets lower to encourage customers to finish off older kegs. There's a digital readout on the board to let you know the current price.

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Is that the 'stock exchange' bar in NYC?

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I first saw it in Prague and Germany. But I saw it again a couple of years ago in either Seattle or Oregon (I don't remember where we were on that trip when we saw it).

The manager explained that each beer has its own starting price (just like any other bar) but it slowly drops based on a formula that uses the amount in the keg and the time since it was tapped. It was all calculated and adjusted with a computer and the prices change automatically.

Guess I will start wearing a Covid mask now for the first time ever.

How would ordering online and picking up be impacted by this?

JW said:

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If a price went up by time I checkout, I'm leaving it there.

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I'm leaving the entire cart there.

They can restock all of it.

Logos Stick said:

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Waffledynamics said:

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Maybe the shoplifters have a point.

But seriously, this is a detestable idea.

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Why? They already do dynamic pricing, it's simply not in realtime. Gas stations do it. That price changes at least daily. How about "market price" in restaurants?

As long as they don't discriminate based on identity, I don't care.

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Because it's a trashy and greedy way to do business, and you know for a fact it will be abused.

The price didn't go up in the 30-60 minutes I was shopping. **** off, store.

I will rapidly lose any sympathy for any store that does this.

The facial recognition bit is a stretch. There's lots of things you could do with ESL, but in some cases it's an easy way to adjust prices every week without having to pay someone to walk the store.

If you're really concerned about privacy, don't use store apps. Article is old but describes how Target uses Bluetooth in the lighting fixtures. Home Depot has done it as well.

Edit to add the link
https://www.rcrwireless.com/20170615/fundamentals/20170615fundamentalstarget-uses-smart-lights-to-track-customers-tag4

Zombie Jon Snow said:

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JW said:

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If a price went up by time I checkout, I'm leaving it there.

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I'm leaving the entire cart there.

They can restock all of it.

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I'm retired so I have a lot of free time. I left a full cart last month when they changed a couple of prices. I had taken pictures of the price on the shelf because it seemed too low and even then they didn't honor it.

Pothead films digital pricing display with a rotating list of products and their prices claiming prices are dynamically changing, Texags freaks out.

Absolutely no reason for a retailer to update prices in a single day, variation in cost is not that dynamic and the upset it would cause people is not worth the squeeze. Digital readouts on prices allow retailers to rapidly update prices without relying on someone to change a paper/plastic slip.

Whoever greenlit and LED display strip for pricing is an idiot and should be fired. E-ink displays are far superior.

Waffledynamics said:

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Logos Stick said:

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Waffledynamics said:

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Maybe the shoplifters have a point.

But seriously, this is a detestable idea.

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Why? They already do dynamic pricing, it's simply not in realtime. Gas stations do it. That price changes at least daily. How about "market price" in restaurants?

As long as they don't discriminate based on identity, I don't care.

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Because it's a trashy and greedy way to do business, and you know for a fact it will be abused.

The price didn't go up in the 30-60 minutes I was shopping. **** off, store.

I will rapidly lose any sympathy for any store that does this.

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Yeah, I'm done with any store that tries this on me.

Put up your prices before I come in. I can choose to buy or pass.

But play little games with me? I'm outta there and not coming back.

JW said:

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If a price went up by time I checkout, I'm leaving it there.

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Just use the self checkout. You can still get the item, even if you don't like the price. Gnometalmbout.

Sounds like the stories of people in Venezuela running through a grocery store to buy items as quickly as possible as the prices were being raised while they were in the store.

Not dynamic pricing really, but have yall noticed that if you go to pick up something easy at Home Depot or Lowes after looking up the price on internet, sometimes you get there and the price is higher? Then if you look it back up on your phone the price will have changed. You can leave the store get far enough away order it and go back to pick it up. Prices on the website are "dynamic" in the sense that they go up based on your proximity to the store.

JJxvi said:

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Not dynamic pricing really, but have yall noticed that if you go to pick up something easy at Home Depot or Lowes after looking up the price on internet, sometimes you get there and the price is higher? Then if you look it back up on your phone the price will have changed. You can leave the store get far enough away order it and go back to pick it up. Prices on the website are "dynamic" in the sense that they go up based on your proximity to the store.

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Similarly I notice if I leave something in my cart for a while on Amazon it will go up. Usually higher priced items.

Like I was looking to buy 27 office chairs (not for me but for my lodge) and had them in my cart and they kept going up (eventually almost $20 increase per chair). I finally removed them and checked a week later and they went back down. I added them again and then the next day they suddenly had a $10 per chair added shipping. So I removed them again. I was making sure we wanted them and checking with others before buying, etc.

Two days later I checked and the price was back down again and free shipping. I moved them to my cart and bought them before the price could go up that time.

So I started noticing things I left in my cart or wish list went up. So I would remove them from my cart wait a day go back in and add them and buy them at a lower price.

Anything in my Amazon cart has dropped in price because usually I've put something in my cart and then I forget about it. I notice it a year later and now it's obsolete so it's either much cheaper or no longer available.

Follow me for shopping advice.

Tired of the scam of stores advertising a sale price on the product display then you get up to the register and it rings up as regular full price.

You call em out on it and the answer is tee-hee … "must be a problem with the system"

Then you watch them waste another minute for them to coon finger around and sort it out.

It's an epidemic worse than Covid.

/rant