1srelluc
Diamond Member
Dynamic pricing is a pricing strategy where prices fluctuate based on current market demands, customer behavior, and other factors. It is also known as surge pricing, demand pricing, or variable pricing. Businesses utilize this strategy to maximize revenue by adjusting prices in real-time, often employing machine learning and artificial intelligence to analyze market conditions and optimize pricing.
OK, two days ago I looked up the price of SPAM at Walmart to respond to a Citygator thread....A single can was $4.00.
Yesterday, I looked it up and it was $4.14.
Today I looked it up and it's $3.37.
I believe this is an example of dynamic pricing. I did not buy the first two looks so they lowered the price to try to get me to buy today.
I saw the other day were the dems in MD banned the practice for groceries.
Maryland has recently enacted the Protection From Predatory Pricing Act, making it the first state to ban dynamic pricing in grocery stores. This law prohibits retailers from using personal data to set higher prices for groceries, aiming to protect consumers from unfair pricing practices. The law takes effect on October 1, 2026, and includes exceptions for promotional pricing and loyalty programs. Critics argue that while the law is a step forward, it may not fully address the issue of price manipulation and lacks strong enforcement provisions.
OK, two days ago I looked up the price of SPAM at Walmart to respond to a Citygator thread....A single can was $4.00.
Yesterday, I looked it up and it was $4.14.
Today I looked it up and it's $3.37.
I believe this is an example of dynamic pricing. I did not buy the first two looks so they lowered the price to try to get me to buy today.
I saw the other day were the dems in MD banned the practice for groceries.
Maryland has recently enacted the Protection From Predatory Pricing Act, making it the first state to ban dynamic pricing in grocery stores. This law prohibits retailers from using personal data to set higher prices for groceries, aiming to protect consumers from unfair pricing practices. The law takes effect on October 1, 2026, and includes exceptions for promotional pricing and loyalty programs. Critics argue that while the law is a step forward, it may not fully address the issue of price manipulation and lacks strong enforcement provisions.
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