Shapiro and Fry Talk Retail at CEA Line Shows
CEA President and CEO Gary Shapiro and Fry's Electronics President Randy Fry chatted about showrooming, "e-fairness," and the hot products for this holiday season, to kick off the CEA Line Shows Digital Downtown Conference.
As President of Fry's Electronics, a retailer with a national footprint and a strong California presence, Randy Fry was able to provide valuable insight into the issues facing retailers and how the leadership of the CEA is facing those issues, in the Executive One-on-One.
Showrooming is a huge concern and one of the buzzwords of the year. Retailers with a physical presence are forced to collect sales tax, while Internet sales tax goes unenforced. As a result, many consumers visit stores to try out products only to make the final purchase from an online vendor. Fry believes educating consumers and Congress is the key to delivering an efairness solution. A current bill, the Marketplace Fairness Act empowers states to collect sales tax that is already their right to collect.