Walmart can't change their prices as fast; humans have to re-label things. For now.
Brick and mortar retailers can use radio-controlled e-ink shelf price tags for minute by minute price changes.[1] This hasn't really caught on yet, but the technology is ready.
My mother used to be a scan coordinator at a grocery store. We have been talking about this eventually happening for over a decade. Although based on her experience, the infrastructure for even letting her know what pricing should be requires a major IT overhaul as well.
The cost and wiring to power eink displays is too much, due to the USD being fairly stable, prices don't change daily/hourly, which would help eink signage for shelving make sense.
You essentially either need a power drop to each section of shelving, or you have to replace batteries on every sign through your store every X months or years.
France retailer Carrefour uses ESLs in all their stores, for every SKU. They use ESL's from Pricer who says Carrefour uses 12 million labels, deployed in 2004, and they are updated via in ceiling infrared transmitters. [1]
ESL's are also common in Germany. And in the USA some Whole Foods use them.
This random blog claims "The ESL market is estimated to grow from 186.5 million dollars to 399.6 million dollars by 2020" [2]
Ses-imagotag showcases some interesting applications of their tags including manufacturing [3] and office use.
This is pretty awesome. The system is smarter than I thought when I saw it in-store.
Since the tags are networked with infrared, they can flash on command. For example when store employees are trying to find a particular product for stocking, or retrieving it for a delivery order (example safeway.com delivery).
We have a grocery store in Krefeld, Germany, which uses e-ink price tags exclusively[1]. But I never noticed a real-time change when I was shopping there.
That's what you'd think. But with Best Price Just For You!™ technology, you don't actually get the price on the shelf. You get the lowest listed price in the last hour. If the price is raised you Keep Your Locked In Price™. If the price is lowered you get the new better price!
IIRC one of the US grocers (stop and shop or Kroger?) actually tried that as an ad for their store card: "you do not even know how much you will pay for many products, but it will be a lower price". Needless to say this didn't run for a long time.
> In case you're not being facetious: the price would change overnight not during business hours.
I'm not. Parent said "minute by minute", that's why I asked. Overnight is what I was assuming too, until I read that comment. Couldn't tell if it was a joke or serious.
Minute-by-minute seems unnecessarily precise. I doubt the efficiency gains would outweigh the infrastructure cost and maintenance of a real-time system. The psychological influence of .99 pricing is probably more effective.
Brick and mortar retailers can use radio-controlled e-ink shelf price tags for minute by minute price changes.[1] This hasn't really caught on yet, but the technology is ready.
[1] http://www.eink.com/esl_tags.html