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Grocers see sense for custom pricing

1 pointsby KeepTalkingalmost 13 years ago

1 comment

zio99almost 13 years ago
Walmart does this currently - charges different prices at different stores - changes them daily. Their data is collected from:<p>- Their Sam's club loyalty card program (different chain of wholesale stores)<p>- Trending sales sorted by demographic<p>Also helps them potentially pay off suppliers sooner, but they hang on to the money for 60 days, and instead use the data for just-in-time inventory ordering (i.e. their bills are paid well in advance of them being due because of this process in place).<p>More information on this process is outlined in their financial statements, available on SEDAR.