Grocery stores are moving to digital price tags, good or bad?

[phylodog]

I'm sure this is just another innovation brought along to benefit the consumer.

Do we have any members here old enough to remember when companies were proud to announce changes which would benefit the consumer? I think that died out along around the time Little House on the Prairie stopped making new episodes.

 

[BJHay]

I'm fine with it.

There are two grocery stores in Crawfordsville, Walmart and Kroger are across the street from each other and compete hard on pricing. Aldi plans to build a store just down the street from Kroger's. These are low-margin businesses and surge pricing isn't going to change the market dynamics for these companies.

And if toilet paper goes up to $10 a roll during the next pandemic, fine, at least the shelves won't be bare.

 

[04FXSTS]

Being retired lower weekday prices would be good for me because I try to do most of my shopping then to avoid crowds. Now Menard's is about 35 miles away and I shop there a lot for home projects. There is a local hardware store a mile away and small lumberyard about 12 miles. If I am gathering materials for a project I will head for Menard's but if I just need a couple pieces of lumber or hardware to finish something I go local. I pay more but don't have to take more time and gas money to get the cheaper price. Jim.

 

[Ingomike]

Who wants to work weekends in a grocery? It costs more to staff for weekends, why shouldn’t weekend shoppers pay more for the privilege of shopping weekends?

 

[tim87tr]

Looks like a recent news story to coincide with the campaign talk of price controls. The physical aspect of changing price tagging to digital just occurred? Probably be easier to make adjustments overnight during hyperinflation.

 

[HoughMade]

Them: "Politicians want to make a law to...."

Me: NOPE!

Them: "But don't you want to know what they want to do?"

Me: NOPE!

 

[radar8756]

what about Stock in hand ?

Store has 100 boxes of ammo bought in 2023 which are priced at $20/bx

Should they be able to UP the price because someone buys 5 boxes and it now becomes Surge pricing?

 

[Ingomike]

Them: "Politicians want to make a law to...."

Me: NOPE!

Them: "But don't you want to know what they want to do?"

Me: NOPE!

But, But, But, they might ban HOA’s and INGO is all for that law…

 

[HoughMade]

what about Stock in hand ?

Store has 100 boxes of ammo bought in 2023 which are priced at $20/bx

Should they be able to UP the price because someone buys 5 boxes and it now becomes Surge pricing?

"Should they be able to..."

Yes. The answer is yes. Information and choice are in the consumer's toolbox.

 

[radar8756]

"Should they be able to..."

Yes. The answer is yes. Information and choice are in the consumer's toolbox.

I was under the impression there were two business models ...

1: Charge your Profit on what it cost you to Purchase Stock

2: Charge your Profit on what it WILL Cost you to Replace Stock

or is that just on "Price Controlled" items ( Gas ? )

 

[phylodog]

This will be the new norm. https://prospect.org/justice/2024-01-19-dollar-general-overcharges-customers-lawsuit/

"Oh, your receipt doesn't match the price on the shelf? We're sorry but a goat was sacrificed in Vietnam last Thursday so the price of your bamboo shoots tripled six minutes ago."

It'll create just enough nonsense for the government to eventually step in and take control of the situation, "for everyone's benefit".

 

[Ingomike]

what about Stock in hand ?

Store has 100 boxes of ammo bought in 2023 which are priced at $20/bx

Should they be able to UP the price because someone buys 5 boxes and it now becomes Surge pricing?

Economists have repeatedly found that what folks call gouging is in reality a conservation mechanism that results in more even distribution of scarce resources.


After a hurricane generators quadruple in price, yep it sucks to pay $2000 for a $500 generator but it keeps a guy with $2000 from buying four of them, another guy from buying 100 cases of water at ten times the price.

I remember a hurricane in the south there were no generators available so a couple of guys rented a truck in KY, went around and bought every generator they could in southern Indiana and KY, took them to where they were desperately needed only to be arrested for gouging. Think anyone will ever do that again? Nope.

Anti-gouging laws are to stifle competition with the government…

 

[Ingomike]

I was under the impression there were two business models ...

1: Charge your Profit on what it cost you to Purchase Stock

2: Charge your Profit on what it WILL Cost you to Replace Stock

or is that just on "Price Controlled" items ( Gas ? )

I was under the impression we lived in a free country…

 

[Ingomike]

But, But, But, they might ban HOA’s and INGO is all for that law…

And if not that they might just outlaw dealer doc fees…

 

[KLB]

I was under the impression there were two business models ...

1: Charge your Profit on what it cost you to Purchase Stock

2: Charge your Profit on what it WILL Cost you to Replace Stock

or is that just on "Price Controlled" items ( Gas ? )

That is very simplified. Supply/demand play a big role, as does the cost of keeping inventory on hand.

 

[LtScott14]

An item should cost the same no matter what day of the week it is ........A lot of people`s schedules aren`t flexible .
I think it opens up the door for gouging when convenient and profitable for the store .

I miss the days when this is how you changed the price of things ............
Used one at our local IGA back in the "daze" ............
View attachment 374457

Yep, worked with those in my youth at first store job. Then it was barcodes. Now, who knows what they use? App on your cellphone and snap a pic or scan. Hope they refund 10% doing all their work for them. Grab a coffee, sit in break room, chat among the employees on breaks. Hell, you should be offered stock options too in company!

 

[Creedmoor]

I just learned on ingo that capitalism is bad.

The old saying, buy low sell high is bad.

 

[Gabriel]

Ever take pictures of the displayed price? That is proof and they should sell it at that price…

Would you like to speak to the manager?

 

[Ingomike]

Would you like to speak to the manager?

Yes sir! I also can negotiate around a doc fee on a car purchase too.

 

[Lpherr]

Yes sir! I also can negotiate around a doc fee on a car purchase too.

I never negotiate anything on a vehicle. Never enter a dealership until the deal is made either.
I sit in my comfy chair, with a beverage of choice, and do my shopping.
I present my OTD price that I'm willing to pay and either they accept or decline. There are other dealers.