Walmart Claims It Does Not Use Personal Data to Set Prices with Digital Tags
· Telemundo McAllen (KTLM)
Walmart is addressing customer concerns regarding its new digital pricing technology. CEO John Furner stated that the company does not use personal data, such as income or purchase history, to set prices. He emphasized that prices will not vary based on customer identity or time of day. Digital price tags are replacing paper labels in U.S. stores, allowing for instant price changes from a central computer. As of March, 2,300 Walmart locations have adopted this technology, which aims to streamline pricing and reduce labor costs. The Federal Trade Commission recently warned companies about potential violations of consumer protection laws related to personalized pricing.
AI summary · Source: Telemundo McAllen (KTLM) →
