Multinational retail corporation Walmart has announced its intention to replace paper shelf price labels with digital shelf labels (DSLs) across 2,300 stores by 2026.
The initiative follows a successful pilot at Walmart’s Store 266 in Grapevine, Texas, US.
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The introduction of DSLs is set to revolutionise the way pricing changes are managed in stores, contributing to increased speed and an enhanced customer experience.
Each of Walmart’s 120,000 items on shelves comes with a price tag and the retailer supports thousands of pricing changes weekly for new items, rollbacks and markdowns.
The adoption of DSLs, developed by Vusion Group, will allow price adjustments to be made via a mobile app, eliminating the time-consuming task of manually changing paper tags.
The technology is expected to boost productivity by reducing the time associates spend updating prices, dropping the time spent on changes to minutes from what could previously take two days.
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By GlobalDataThe “Stock to Light” feature in DSLs will aid in stock replenishment by allowing associates to quickly identify shelf locations when restocking.
It will expedite the picking process and improve order accuracy, by leading associates directly to the products needed for online orders.
Beyond operational efficiency and customer satisfaction, the transition to digital shelf labels is also anticipated to have a positive environmental impact by reducing operational waste.
Walmart Hurst Texas’s food and consumable team lead Daniela Boscan said: “This represents a significant shift in how I, and other store associates, manage pricing, inventory, order fulfilment and customer interactions, ensuring our customers enjoy an even better shopping experience.
“As we continue to digitalise stores and expand digital shelf labels to 2,300 stores by 2026, we are excited about the positive impact this innovation will have on our operations and the environment.”
Walmart recently broadened the reach of its InHome delivery service, extending it to an additional ten million households.
