Friday, September 7, 2007

Wal-Mart: "Every Day Price Frauds"

clipped from www.dailykos.com
Wal-Mart's prices are higher than their competitors' 80% of the time.

The key concept any Wal-Mart shopper needs to understand is the "opening price point," which Zenith defines as:

a very low-priced high velocity item placed in a highly visible spot in each store section. This creates a perception that since the first item is so very low-priced, the other items in the section are as well

Comparisons of the price of the other items in each section found that only 15% to 20% of the items Wal-Mart sells are actually priced lower than competing retailers. 80% to 85% of the items Wal-Mart sells are more expensive than other retailers. This is Wal-Mart's "price spin" - creating a strong perception of lower prices

Don't believe it, Wal-Mart shoppers? You're not supposed to, but Zenith has done their homework on this one:

We did nearly half a million price checks in 300 Wal-Mart, Target, Kmart, and national chain grocery and drug stores to find out who really has lower prices.

More: If you think you save money going there regularly, Wal-Mart is playing you for a fool. There is no good reason to shop at Wal-Mart except that you have absolutely no other choice. . . .
PS While we're at it, there's no such thing as the Easter Bunny, you don't get all "A"s if your roommate commits suicide and there were no weapons of mass destruction.

No comments: