The LDS's in my area (there are 4) all carry a different manufacturers line, with some small exceptions. Out of 4, 2 are almost always at or near online prices, without bringing up the subject on the part of the buyer. This tells me two things. First, they do their homework, and know what the market is asking for a product. Secondly, they tell the wholesaler to play fair and give them the oportunity to compete with online stores.
I have been in business for 14 years, and managed a wholesale distributor for 4 years prior to that. (Security Systems) When I talk to my favorite LDS, I talk to him businessman to businessman. We both know that if we are not making at least 24% gross margin on the products we sell, we will go broke. I'm sure he tells me far more than he would tell the average customer, and from what he has told me, the manufacturers and distributors are completely mad! They are cutting their own throats. To offer a retailer who has no support, knowledgeable sales force, or show room of any kind, lower pricing based merely on volume. Is a sure recipe for disaster. How in the heck do they think that a non diver will ever be exposed to their produce, if all they have to market their produce is a web site. The local retailer is the first place a new customer will go to, in order to look at and touch their product. It is this local retailer that has a "showroom" that should be getting 3rd column pricing. 4th column pricing should be reserved for storefront operations that have meet a predetermined volume. A non storefront operation should never get "the lowest" pricing ever!
I will never buy online, from any retailer that has not invested in this sport, in a way that a LDS has. A LDS that also sell online as a supplement to the storefront, training and support they offer, in my opinion, does not fall into this catagory. They would see business from me, if they carried a product which I could not source locally.