I was referencing digital price labels that retailers are installing.
This technology is being touted by the companies putting them in place to be a cost saving measure as staff no longer need to print new labels and manually replace them for products on the shelf. This is true in that it is a benefit of digital labelling, however there are many other usage options that could be implemented after installation.
- alter prices around lunch hour for ready meals and snacks at retailers in walking distance to secondary schools
- automatic increases for products being purchased more rapidly than historical averages to capitalize on a yet unknown trend
- increases simply as stock begins running low
Imagine in a few years when this technology is combined with network snooping of phone identification, loyalty rewards card purchase histories, and automatic buying of customer information from data brokers, all to create a profile that predicts when a person would be likely to be menstruating and the moment they walk in the store, the hygienic products they buy every month raise in price by 30%.
It's a bleak future I'm afraid.