Generative “AI” data centers are gobbling up trillions of dollars in capital, not to mention heating up the planet like a microwave. As a result there’s a capacity crunch on memory production, shooting the prices for RAM sky high, over 100 percent in the last few months alone. Multiple stores are tired of adjusting the prices day to day, and won’t even display them. You find out how much it costs at checkout.
This is crazy, not displaying the price of an item in a shelf or display is against consumer laws where I live. And if the price on display is not updated the store is required to sell by the price on display.
It’s blatant price-gouging. Any stock in the store has already been sold to them at an agreed price. They can set a number and make their set margin.
Updating prices after each delivery might make sense (if their procurement department is absolute dogshit at negotiating contracts), but updating prices throughout the day is just someone trying to see how hard they can push their margins to drain every cent out of their customers.
That’s probably one of those toothless laws that can be easily bypassed on a technicality. Like, just say the shelf is for “storage” and not “display”.
Some places try to argue something like that, but if you push back a little they cave. The law estipulates a fine ranging from 74 to 1 000 000 USD for visible products in shelves or display without a visible price tag. And since its a fine, the government is eager to get his piece of the pie.
(Edit for misspelling)
What’s stopping them from throwing a blanket over the shelf and just posting the same notice on the blanket? That’s what I mean by toothless law.
So with things like fish that can change day to day are they required to just update it every day? that sounds nice.
@kieron115
Yes, otherwise how would buyers know the price?
@kurodriel
At restaurants here you would ask the host/waiter the market price before deciding to order.
That’s a little different.
But it’s what the article is comparing to when they say “market prices”. This particular store is based out of California.