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Walmart is replacing its price labels with digital screens—but the company swears it won't use it for surge pricing [Fortune]
Last walmart inc. earnings: 2/18 06:00 am
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Merchants have been trying for a while to figure out how to deal with changes in consumer behavior due to inflation. Some are adding on service fees or sneaky price labeling —but others are using DSLs to their advantage. Indeed, Walmart , the world's largest retailer, announced earlier this month it would be doing away with sticker shelf pricing at its 2,300 stores by 2026, a change “ultimately making us faster and improving the customer experience.” To put it in perspective, Walmart stores have more than 120,000 products on shelves, each of which have their own price tag. Employees have to change prices regularly for new items, markdowns, and “Rollbacks,” or Walmart's version of a sale item. This process can be especially time-consuming for the company's retail employees. “A price change that used to take an associate two days to update now takes only minutes with the new DSL system,” Daniela Boscan, a food and consumable team lead at a Walmart store in Hurst, Texas, wrote in a
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