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Walmart Caught In ESL Controversy As Legislators Move Against Digital Shelf Labels [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Color set. Easy to recolor. Vector template getty Walmart recently announced it will roll out electronic shelf labels—also called digital shelf labels—across its entire 4,600 U.S. stores by next year . About half the fleet already has them, and the technology has more than earned its keep in labor savings and staff productivity. Instead of spending hours, even days, manually swapping out paper tags, one push of a button updates prices immediately. For a retailer the size of Walmart, those time savings can add up to millions of dollars and an extra benefit is employee satisfaction. With 1.6 million U.S. associates, freeing workers from repetitive tasks means more time is available to actually helping customers. However, state and federal legislators are saying not so fast. They worry the ease with which the technology enables price changes makes the system ripe for abuse. It may allow retailers to raise prices too quickly, even selectively, such as spiking the price of ice crea
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