Target Steals Title Of ‘Cheapest’ From Wal-Mart

English: Logo of Target, US-based retail chain

English: Logo of Target, US-based retail chain (Photo credit: Wikipedia)

Editor’s note:  There is a very good video to watch if you click on the link below.

For the first time since October, Target gas reclaimed the title  of  “cheapest” from its fellow big-box retailer, Bloomberg reported, and the gap was the biggest its been in the two years the difference has been tracked.

That’s especially important in today’s economy, as cheap is exactly what consumers are looking for.  High unemployment, coupled with rising gas and food prices, means customers are as cash-conscious as ever.  And while retail sales finally improved in July, that was one of the first good signs for the sector in months.

Both companies have thus been trying to lure in those penny-pinching customers with discounts and slashed prices. The key to Target’s success in the pricing department  came from the addition of groceries to many stores, which cut into Wal-Mart‘s advantage on food prices.  The company has also added discount incentives through its REDCard.

Read more: http://money.msn.com/top-stocks/post.aspx?post=84caede6-927a-488e-842c-322ae9654306

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s