Wiltshire, England -- (SBWIRE) -- 08/17/2011 -- Competitor Price Watch the online B2B price monitoring service has discovered something unusual about current retail pricing strategies.

Dominic Hayhoe, CEO of Competitor Price Watch said

‘Whilst everyone believes current prices are coming down in most online retail stores apart from the obvious food and energy sectors, the reality is retailers are actually increasing their prices across the board.

We discovered through our client’s activity in the market place, that many were under priced when they approached us, and have significantly increased their prices. Not only that but then when their competition sees prices on the increase they are following suit and increasing prices again creating a vicious circle of spiralling prices.

It seems that a lot of the stores who were heavily competing on price have been pushed out of the market, by either running out of money and therefore going bust, or simply having to change their business model and start increasing prices.

It seems most retailers only start discovering this is happening when they start using a service such as ours, but with many online stores now actively monitoring their competitors prices, this is a situation which will only increase’.

Editors Notes:

http://www.cpw.uk.com

Competitor Price Watch was founded in 2009 by CEO Dominic Hayhoe, and has hundreds of clients monitoring in excess of 25,000,000 products every single month.