MARKET REPORT
Seattle moves on first-of-its-kind ban on grocery 'surveillance pricing'
Executive takeaway
Seattle's mayor is advancing a proposal that would bar grocery retailers from setting prices using individual consumer data, a measure described as the first of its kind in the United States.
Seattle leaders are advancing a proposal that would prevent grocery retailers from using individual consumer data to set prices, a practice critics call "surveillance pricing."
The measure, backed by the mayor's office, is described as the first of its kind among U.S. cities. It targets pricing systems that adjust what a shopper is charged based on personal data such as purchase history, loyalty-program records or device information, rather than uniform shelf prices.
Retail pricing technology has drawn increasing scrutiny from regulators in recent years as grocers expand digital shelf labels, app-based offers and personalized discounts. A local ordinance would apply only within Seattle, but would create a compliance test case for national chains operating in the city.
Wire sources cited
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Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.