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re: "Dynamic pricing" being used in some stores
Posted on 6/14/25 at 4:06 am to omegaman66
Posted on 6/14/25 at 4:06 am to omegaman66
quote:
I want to fill my buggy with a bunch of crap then balk after they ring it all up and raise the price at the register. Just say no and walk away.
I've seen this happen before even though there are signs all over the store about the 10% at the register...just makes them look like a dumbass.
1
Posted on 6/14/25 at 4:51 am to DMAN1968
One, the major chains work off cost plus 20-25% and that is the cost at the shelf.
Two, cost plus 10% seems like a bargain, who cares when they add it, if they post it you know the price when you get to the register.
Three, "dynamic" is relative. Suppliers submit prices weeks in advance and for most items the price, or specials are only a few times a year, exceptions would be things like soft drinks, beer, where specials are run more often. Hence the store knows the price well in advance and probably does a download at night for the following day.
Four, if you want a masters degree in retail, study Wal Mart who is a logistics/money management company.....who also sells groceries.
Two, cost plus 10% seems like a bargain, who cares when they add it, if they post it you know the price when you get to the register.
Three, "dynamic" is relative. Suppliers submit prices weeks in advance and for most items the price, or specials are only a few times a year, exceptions would be things like soft drinks, beer, where specials are run more often. Hence the store knows the price well in advance and probably does a download at night for the following day.
Four, if you want a masters degree in retail, study Wal Mart who is a logistics/money management company.....who also sells groceries.
Posted on 6/14/25 at 7:41 am to tigerfoot
quote:
What if the price changes while I’m shopping.
That is the main feature.
Posted on 6/14/25 at 7:44 am to The_Duke
quote:
In theory, the price can change from the time you pull it from the shelf until you check out.
Like I said, I leave it at the cash register and walk out. You have to be willing to walk away when things aren't in your favor. I'll never be a victim.
Posted on 6/14/25 at 7:48 am to Geaux-2-L-O-Miss
quote:
Costco also uses deception. Go buy something like their pre-cooked/smoked brisket and the price you see is, let's assume, $15.99 but the super fine print says per pound and it's a 2-pound package. Yes, they gave you the per pound price, but it seems like that is the price for the whole package when it's not. Just saying.
Were you never aware of this?
You always look at the total price before putting it in your buggy.
You should remember the ballpark number when you get to the register.
If it's off, you should know that. If you're not willing it pay it at the register, leave it there.
I do it all the time when I decide that I likely don't really need it (change my mind).
Posted on 6/14/25 at 7:52 am to Tantal
quote:
I'd walk away from the whole cart and start shopping elsewhere on principle.
Same. This is what I mean when I say let the market decide. My God, are you people that lazy? You can't do math? You can't tell the store to frick off when they screw you over?
If you're so concerned about time, I'm sure everyone here wastes a lot of time like I do on this board. Or playing online games and all that.
Posted on 6/14/25 at 8:25 am to jbdawgs03
There are regional chains that have the +10% like Mac’s in north Louisiana and south Arkansas.
There’s another outside the main gate of HSV,AR too. Building fell apart at the 2nd store outside the back gate.
There’s another outside the main gate of HSV,AR too. Building fell apart at the 2nd store outside the back gate.
Posted on 6/14/25 at 8:27 am to Sidicous
+10% is not dynamic pricing. It's more of a light scam (as in not a real scam but an advertising scam). Their "cost" they advertise is not their actual product cost.
Posted on 6/14/25 at 8:31 am to Crimson Wraith
I noticed when Brookshires advertises "buy one, get another for one cent", they jack up the base price.
That $6.99 item is suddenly $9.99 when it's "on sale"
That $6.99 item is suddenly $9.99 when it's "on sale"
Posted on 6/14/25 at 8:35 am to theballguy
I just view it as price marked +10%, cost can vary depending on how defined. Add in % of rent, employee pay and benefits, power, etc. that 0.10$ onion is now $1.15.
Posted on 6/14/25 at 8:38 am to baybeefeetz
quote:
Sellers get to decide how much shite costs.
Bait and switch has been illegal for a while now.
Posted on 6/14/25 at 8:40 am to Crimson Wraith
quote:
- Facial recognition is in the works to charge people different prices
From the tweet. This may not be explicitly illegal, but I can see this causing all kinds of problems, generating lawsuits, etc., to the point that it's more hassle than it's worth for the retailer.
Posted on 6/14/25 at 9:13 am to Sidicous
Exactly. The only cost that matters to me at checkout time is what I have to give up from my debit card. If it's too much, I bail and let the employees put it back.
Posted on 6/14/25 at 9:18 am to theballguy
I think the real "outrage" here is the idea that they will use facial recognition or the microchip in your arm to adjust pricing per person
I.e., illegals and minorities get bread for $1.00 and Johnny Whiteskin pays $3.50
I.e., illegals and minorities get bread for $1.00 and Johnny Whiteskin pays $3.50
Posted on 6/14/25 at 9:20 am to SallysHuman
quote:
unless 10% is the sales tax.
Welcome to Louisiana unless it is groceries then it is the local tax that varies from jurisdiction to jurisdiction.
Tennessee is just as high with an average of 9.55.
Posted on 6/14/25 at 9:20 am to jmcwhrter
quote:
I.e., illegals and minorities get bread for $1.00 and Johnny Whiteskin pays $3.50
If that's happening, don't shop there.
In that case, there will be grocers stepping over themselves to offer a service that doesn't do this.
Freedom of the market, is a good thing.
Posted on 6/14/25 at 9:44 am to Tarps99
quote:
Welcome to Louisiana unless it is groceries then it is the local tax that varies from jurisdiction to jurisdiction. Tennessee is just as high with an average of 9.55.
At least TN doesn't have income tax... what are y'all getting in Louisiana for such a high non grocery sales tax?
Posted on 6/14/25 at 9:58 am to theballguy
Rouses, too. Years ago they’d put their seasoned pork tenderloins BOGO, but the buy price would almost double.
Posted on 6/14/25 at 10:07 am to Crimson Wraith
This allows them to purchase inventory in bulk at a discount then purchase a small shipment at an artificially elevated price in order to dynamically update pricing based on current replacement cost.
Companies learned this during COVID. Many had reserve stock in warehouses at say $10.00 per unit cost. During Covd the ships were backed up in the harbor and the fines and extra shipping costs were simply added to the price of goods to say $20. That elevated cost was used to calculate the new elevated selling price, including the sale of the reserve stocks that were purchased pre COVID. Prices were then dynamically elevated across the board on all inventory whether in short supply or not, based on these ratios and new algorithms. Then when COVID went away the prices stayed up.
This dynamic model has been around a long time, but this new iteration is using AI to implement it live across all inventory.
Maximizing artificially increasing consumer pricing outside of true supply and demand calculations. They are all doing it so there are no low price leaders to expose the artificial increases.
Companies learned this during COVID. Many had reserve stock in warehouses at say $10.00 per unit cost. During Covd the ships were backed up in the harbor and the fines and extra shipping costs were simply added to the price of goods to say $20. That elevated cost was used to calculate the new elevated selling price, including the sale of the reserve stocks that were purchased pre COVID. Prices were then dynamically elevated across the board on all inventory whether in short supply or not, based on these ratios and new algorithms. Then when COVID went away the prices stayed up.
This dynamic model has been around a long time, but this new iteration is using AI to implement it live across all inventory.
Maximizing artificially increasing consumer pricing outside of true supply and demand calculations. They are all doing it so there are no low price leaders to expose the artificial increases.
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