I HAD THE PRIVILEGE on Feb. 27 of moderating an expert panel at the eTail West conference in Palm Springs, CA. I was accompanied by two of the industry’s bright lights: Wes Woolbright, National Pricing Director of Safeway, and Carol Spieckerman, President and CEO of newmarketbuilders.
The focus of the discussion was a presentation of a research study conducted by RetailWire.com late last year on the timely subject of Pricing Transparency. Some 288 retail and supplier executives participated. IBM was the sponsor.
The findings addressed the pervasive concerns about “showrooming,” a behavior in which shoppers examine products in a physical retail store but then seek out the lowest online price using their smartphones. They also looked at the more general issues surrounding pricing consistency for retailers who do business across multiple channels and/or geographic markets.
Panelists Wes and Carol both did a superb job, drawing from their years of professional experience to add perspective and insight to the discussion. The video runs 28 minutes, but I think it’s worth the time.
The event organizers, Worldwide Business Research, recorded and posted the YouTube presentation shown here and they have made a transcript download available.
