Walmart shoppers will soon check prices on electronic shelf labels, as the nation’s largest retailer says it will switch to digital price card technology from current paper labels in all of its 2,300 U.S. stores by 2026.
Walmart stores have more than 120,000 products on their shelves, each with an individual paper price tag. Every week, Walmart workers add price tags on new items, pullbacks and sales, a repetitive and time-consuming process.
Digital shelf label technology will allow Walmart employees to update prices using a mobile app, rather than walking around the store and manually swapping paper labels. What previously took a Walmart employee two days will now take a few minutes to complete, the company said.
“This shift represents a major shift in the way I and other store associates manage pricing, inventory, order fulfillment and customer interactions, ensuring our customers enjoy a better shopping experience,” said Daniella Boscan, a Walmart employee who participated in testing the technology at Walmart in Grapevine, Texas. In the news launch.
In the statement, Walmart did not disclose whether it would use the technology to deploy so-called dynamic pricing — also known as surge pricing — which is when retailers quickly change the cost of products or services based on fluctuations in demand due to weather. Traffic or other issues.
Wendy’s in February She was criticized when she announced plans to use Dynamic pricing, but sought to reassure customers that it would be used to offer discounts and not raise prices when demand is high.
Walmart did not immediately respond to a request for comment.
“Typical beer advocate. Future teen idol. Unapologetic tv practitioner. Music trailblazer.”
More Stories
JPMorgan expects the Fed to cut its benchmark interest rate by 100 basis points this year
NVDA Shares Drop After Earnings Beat Estimates
Shares of AI chip giant Nvidia fall despite record $30 billion in sales