Retail Price Audits: The Key to Accuracy, Compliance, and Competitiveness
In an increasingly dynamic and competitive market, ensuring that prices at the point of sale are accurate and up to date is essential for any retail operation. Retail price audits conducted by BARE International go far beyond checking numbers — they are a powerful strategy to ensure precision, compliance, and competitiveness.
How BARE’s Price Audits Work
BARE’s specialized ICs auditors personally visit your retail locations and follow a carefully designed script tailored to each project. The process is customized to your business needs and includes detailed guidelines such as:
- Capturing high-resolution images of products, menus, price tags, promotions, displays, and UPCs when applicable.
- Clear instructions of where prices should be checked — on shelves, menus, promotional displays, or even online.
- Details on what product aspects to include: size, unit of measure (UOM), regular price, and promotional price.
- Defined procedures in case the product or item is not available in-store.
- Scripts and prompts to guide auditors in case interactions are required to complete the audit accurately.
- Specific notes on whether price data should also be verified through websites or other digital channels.
Results That Drive Impact
Accurate price data collection allows businesses to spot discrepancies, ensure internal policy compliance, and gain strategic insights into market competitiveness. This type of audit is essential for retail chains, franchises, restaurants, pharmacies, supermarkets, and beyond.
By investing in BARE’s retail price audits, you strengthen your operations and make decisions based on real data from the point of sale — enhancing both the customer experience and your company’s financial performance.
Want to see how price audits can transform your business?
Visit our website to explore BARE’s solutions backed by over 38 years of experience in retail audits and research — and request your personalized quote today: Request a FREE quote!
About BARE International
With a 38-year legacy, BARE International is a global pioneer in customer experience research. Serving a diverse range of industries, BARE International operates in over 165 countries, delivering actionable insights through its in-house team to drive customer satisfaction, loyalty, and business efficiency. Learn more at www.bareinternational.eu
At BARE International, we pride ourselves on helping businesses decode these customer behaviors. Whether it’s uncovering hidden trends or designing feedback loops for continuous improvement, our research empowers brands to stay ahead of the curve.
Want to learn more about what drives customer loyalty in the airport lounge and financial industries? Reach out to us today to explore how our tailored research can take your CX strategy to new heights.
Tell us about your business and what keeps you up at night. We can help.
