Sunday, October 11, 2009

Walmart

Walmart is a store which has a little bit of everything. In the past, Walmart stores were known for having things like toys, clothes, and electronics. Walmart decided to put up supercenters everywhere and really became big. With the addition of a grocery section, Walmart became a true onestop store. 


Walmart has always kept a central theme of rolling back prices. Typically customers will see the price of some items on a BIG sign and under the sign, the former price. For example $4.36, was $5.13. An intrigued customer looking to save money may see the price and think he or she has to buy the product, because it's a good price. 

Walmart has some pretty good prices that many other stores can't compete with, but the problem with Walmart is the fact that many people are so drawn into Walmart that they don't know what a good deal is. One thing I've noticed is that Walmart will have a sale price on something for a little while and then jack the price back up and say what the price was. Example: Walmart had Kelloggs poptarts for sale $1.99 for the box of 16, but then they jacked the price up to $3.29 and stated that they were $3.79. 


One of the worst things about Walmart is that there aren't enough companies competing with them, K-mart is a joke and many stores that exclusively sell groceries, fail to offer competitive prices. Walmart is a monopoly and even though they have pretty good prices on things, the prices could be a lot lower.

 

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