The Perils of Price-MatchingIssue 05-13-13 |
Wal-Mart's national price-matching promotion sounds simple, but implementation has proven challenging. Price-matching programs can be intrinsically difficult to implement, and many retailers seem to struggle with them. At Wal-Mart, individual store managers must interpret the company's policy, and decisions are often made by cashiers on a case-by-case basis. Inconsistencies in these decision are frustrating customers and may be leading to a consumer backlash.
Price-matching programs are designed to attract price-conscious customers, and this is a core Wal-Mart demographic. Inconsistent and seemingly arbitrary price-matching decisions may prove especially troubling for price conscious Wal-Mart shoppers. Ultimately, the problem relates to trust. Customers may feel cheated if they find they can't trust Wal-Mart to honor their "simple" price-matching offer and consistently provide the lowest prices.