| ute4ever |
03-24-2011 06:58 PM |
CNN Money: Target is now cheaper than Wal-Mart
http://shopping.yahoo.com/articles/y...eats-wal-mart/
Quote:
Craig Johnson, president of retail consulting firm Customer Growth Partners, compared 35 brand-name items sold at Wal-Mart and Target stores in New York, Indiana and North Carolina. They consisted of 22 common grocery goods such as milk, cereal and rice; 10 general merchandise products such as clothing and home furnishings; and three health and beauty items.
Target's shopping cart rang in at $269.13 (pre-tax), a hair lower than the $271.07 charged at Wal-Mart.
"For the first time in four years, our price comparisons between the two has shown that Target has a slight edge over Wal-Mart," said Johnson. A smaller study by Kantar Retail found similar results.
Wal-Mart typically maintains a 2% to 4% price advantage over Target. But in January, Johnson noticed that some products were cheaper at Target, and that has continued into February.
If you factor in additional discounts offered to Target's Redcard customers, the savings gap widens more considerably between the two discounters, to 5.7%.
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Let the savings begin!
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