Comment by mulmen
10 hours ago
At big retailers the price tag code indicates what type of price it is. For example the last digits can mean:
0: full
9: sale
8: reduced
7: clearance (item will not restock)
I forget the exact system Sears used but we could tell at a glance if a deal was really “good”.
I’m curious if Sears and WalMart used different systems and if WalMart exploited knowledge of the Sears system to signal better prices to shoppers. Like a full WalMart price being .97 and clearance being .94.
That sounds close to the Sears system to me, but they used the tens place. 8x was used for returned big ticket items, like appliances and treadmills. It would start at 88 and the rightmost digit would decrement to indicate how many weeks it had been sitting there.
It was 00 for full, 99 for sale (the majority of items, except for the one week every year they established the full price for that product), 8x for clearance.
Ah yeah, I forget the details. It was a sophisticated system. I’m curious of the origins. Did this have bookkeeping or business reporting benefits in the pre-digital age? Even when we were using computers at the turn of the millennium it helped signal discount eligibility without having to update and synchronize inventory with promotional offers.