Tag: Wal-Mart

Target cuts prices on groceries and other consumables | Food Dive

Target cuts prices on groceries and other consumables | Food Dive

Target’s announcement came the same day Kroger reported a 7% drop in profit thanks to its own sweeping price cuts. As with the Cincinnati-based grocer, Wall Street dinged Target for the measure, which is sure to eat into the retailer’s gross margins, but stands to boost its market share. Many analysts view sweeping price cuts […]

Target to slash prices on thousands of items, sending shares tumbling | CNBC

Target to slash prices on thousands of items, sending shares tumbling | CNBC

The cuts will be on items including cereal, paper towels, baby formula, razors and bath tissue, Target said. And the news comes just days after Amazon started cutting prices at Whole Foods’ stores across America. Target shares were trading around 3 percent lower Friday afternoon on the announcement. “We want our guests to feel a […]

Here’s why Amazon selling Kenmore appliances is great news for consumers | USA Today

Here’s why Amazon selling Kenmore appliances is great news for consumers | USA Today

Where should you buy Kenmore appliances: Sears or Amazon? Kenmore confirmed that the products sold on Amazon and Sears will be identical. This differs from a strategy used by some other appliance makers, where each retailer sells slightly different variations on a product, in order to discourage price-matching. Nobody is talking prices right now, although […]

Target’s Back-to-Basic Approach Works for Now | Bloomberg Quint

Target’s Back-to-Basic Approach Works for Now | Bloomberg Quint

The irony is that what seems to be working for Target isn’t a besting of Amazon at its own digital game, but rather a refocusing on retailing staples such as pricing, store remodeling and the launch of exclusive brands. In the press release announcing the boosted guidance, there isn’t one mention of “digital,” “online” or […]

The Rise of These Two Ruthless German Grocery Stores Has This Influencer Terrified About Walmart | TheStreet

The Rise of These Two Ruthless German Grocery Stores Has This Influencer Terrified About Walmart | TheStreet

“Our store visits and analysis highlighted significant price compression in private-label pricing, aggressive prices in the all-important customer traffic-driving fresh food areas and even lower branded prices, too,” Mushkin and Otway wrote. Wolfe found that Walmart lowered its prices by more than 20% at certain stores in Virginia Beach and North Carolina, where Lidl now […]

If You Shop at Wal-Mart, You’re Going to Hate Its Latest Anti-Amazon Strategy | Money Morning

If You Shop at Wal-Mart, You’re Going to Hate Its Latest Anti-Amazon Strategy | Money Morning

Wal-Mart Stores Inc. (NYSE:WMT) is ditching its most well-known pricing strategy in an effort to compete with e-commerce leviathan Amazon.com Inc. (Nasdaq: AMZN). To encourage consumers to use Wal-Mart’s app and online store to shop for merchandise, the company has decided to eliminate its price-matching policy at over 800 of its 5,000 stores nationwide – […]

Aldi battles Walmart for price leadership | SuperMarket News

Aldi battles Walmart for price leadership | SuperMarket News

Aldi is responding to Walmart’s aggressive price cuts by expanding its offering of private label products and adopting a more flexible pricing strategy that will help it maintain its price leadership position, according to a Reuters report. The German-owned retailer, which earlier this year unveiled a $1.6 billion remodeling effort to expand its perishables assortments […]

Amazon lowers free shipping minimum again, escalating price war with Wal-Mart | Retail Dive

Amazon lowers free shipping minimum again, escalating price war with Wal-Mart | Retail Dive

Enter Wal-Mart, which since its $3.3 billion acquisition of Jet last year and the hire of Jet founder Marc Lore appears to believe that Amazon’s emphasis on Prime has left a segment of e-commerce to be disrupted. In an interview with Retail Dive earlier this year, Keith Anderson, vice president of strategy and insights at […]

Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands | Recode

Amazon and Walmart are in an all-out price war that is terrifying America’s biggest brands | Recode

Last month, Walmart gathered some of America’s biggest household brands near its Arkansas headquarters for a tough talk. For years, Walmart had dominated the retail landscape on the back of its “Everyday Low Price” guarantee. But now, Walmart was too often getting beaten on price. So company executives were there, in part, to reset expectations […]

Impact Of Pricing War On Wal-Mart – Wal-Mart Stores, Inc. | Seeking Alpha

Impact Of Pricing War On Wal-Mart – Wal-Mart Stores, Inc. | Seeking Alpha

Wal-Mart (NYSE:WMT) is making additional investments in its pricing strategy to ensure it remains the most affordable retailer within the U.S. A recent price comparison by Reuters in five cities for a basket of 15 items showed Wal-Mart offering the goods at 5% to 10% cheaper than Aldi. Wal-Mart’s new pricing strategy is being used […]