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

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.