Walmart won't hike prices based on your shopping history, CEO says

Walmart CEO John Furner has pushed back against concerns that the retail giant would use its planned digital shelf labels to implement dynamic pricing. In a letter to customers, Furner stated that prices will not change based on a customer's income, shopping history, urgency, time of day, or conversations with Walmart's Sparky AI assistant. The reassurance comes as Walmart announced plans to roll out digital shelf labels across all US stores by the end of the year, a move that initially sparked fears of personalized pricing. Meanwhile, the Federal Trade Commission is developing policies to address personalized pricing, and states have taken their own actions: New York now requires retailers to disclose when they use algorithmic pricing, while New Jersey, Connecticut, and Maryland have moved to ban stores from using customers' personal data to change prices.

(Source：The Verge)