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.
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?