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Re:The High-Speed Trading Behind an Amazon Purchase by wfunction on Sunday March 26, 2017 @07:24PM (#13963970)
> Brick and mortar retailers can use radio-controlled e-ink shelf price tags for minute by minute price changes.

How does that even work? You pick up the product and the price changes by the time you go pay for it? Who would like that?

Re:The High-Speed Trading Behind an Amazon Purchase by im3w1l on Sunday March 26, 2017 @08:17PM (#13964200)
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!
Re:The High-Speed Trading Behind an Amazon Purchase by ptero on Sunday March 26, 2017 @09:32PM (#13964476)
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.
Re:The High-Speed Trading Behind an Amazon Purchase by bendbro on Sunday March 26, 2017 @08:54PM (#13964329)
You mock, but I'm sure hundreds of hours have been spending crafting that corporate grocer speak!
Re:The High-Speed Trading Behind an Amazon Purchase by ars on Sunday March 26, 2017 @08:21PM (#13964220)
I suspect it's really day by day, not minute by minute. They probably only update overnight.

How would they even have data to justify minute by minute?

Re:The High-Speed Trading Behind an Amazon Purchase by aianus on Sunday March 26, 2017 @08:25PM (#13964237)
In case you're not being facetious: the price would change overnight not during business hours.
Re:The High-Speed Trading Behind an Amazon Purchase by Animats on Sunday March 26, 2017 @08:28PM (#13964245)
Maybe not. Dropping the prices on the wrapped sandwiches after lunch hour would be useful to clear out the unsold inventory.
Re:The High-Speed Trading Behind an Amazon Purchase by adjkant on Sunday March 26, 2017 @10:42PM (#13964736)
This could also be applied to baked goods, and with time, even expiring produce. It would be something to benefit both the consumer and the store!
Re:The High-Speed Trading Behind an Amazon Purchase by ratpolish on Monday March 27, 2017 @07:02AM (#13966636)
Grocers do discount short-dated products. Look for the sticker that says "manager's special".
Re:The High-Speed Trading Behind an Amazon Purchase by supergreg on Monday March 27, 2017 @09:18AM (#13967448)
In my grocery store they give you 50% discount after 8pm. No need to change price labels.
Re:The High-Speed Trading Behind an Amazon Purchase by thinkloop on Wednesday March 29, 2017 @03:04AM (#13984035)
How do people know?
Re:The High-Speed Trading Behind an Amazon Purchase by wfunction on Sunday March 26, 2017 @08:32PM (#13964262)
> 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.

Re:The High-Speed Trading Behind an Amazon Purchase by valuearb on Sunday March 26, 2017 @07:38PM (#13964040)
They also send you an additional bill if the pride increase before you get home.
Re:The High-Speed Trading Behind an Amazon Purchase by thinkloop on Sunday March 26, 2017 @07:46PM (#13964078)
Then they compare after-market prices and if you're trending higher than forecasted: additional bills.