aka changing prices as you shop due to "factors"
Kinda feels like a solution looking for a problem that wasn't there in the first place.
They are groceries not commodities traded on an exchange. Do we really have to financialize every aspect of life?
Dynamic pricing is hitting grocery store shelves. He says he’s watched the prices change
— Wall Street Apes (@WallStreetApes) June 13, 2025
Not only do the prices change but they notify you there’s another 10% added at checkout
People are already breaking them
Bill Gates Microsoft has contracts for these grocery store pricing… pic.twitter.com/HwIzj7vICw
Quote:
Several major grocery chains, including Walmart, Kroger, and Schnucks, have begun experimenting with Electronic Shelf Labels (ESLs). These digital labels allow for real-time price updates, which can be adjusted based on various factors such as demand, time of day, and inventory levels. Some stores have already implemented pilot programs where prices change dynamically. REMA 1000, a Norwegian supermarket, is as an early adopter of dynamic pricing, adjusting prices based on competitor actions and demand spikes.
In the U.S., chains like Walmart and Kroger are exploring similar strategies, with Walmart naming 500 stores to use ESLs. Microsoft has contracts with grocery stores, such as Kroger and Walmart, to implement these pricing strategies, including not just price adjustments but also integrating data analytics to predict demand and optimize pricing.
The technology also supports the potential for facial recognition, which could lead to personalized digital coupon pricing based on customer profiles, although this aspect is still largely in the conceptual phase due to privacy concerns.
The Federal Trade Commission (FTC) has shown interest in "surveillance pricing," where prices are adjusted based on customer data. This scrutiny could lead to regulations that might limit or shape how dynamic pricing is implemented.
Some grocery stores are considering opting out of dynamic pricing for certain essentials, however, the trend towards more data-driven pricing strategies is expected to continue, driven by the need for retailers to remain competitive and manage costs effectively.
Kinda feels like a solution looking for a problem that wasn't there in the first place.
They are groceries not commodities traded on an exchange. Do we really have to financialize every aspect of life?