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Post by Forever Sunshine on Aug 27, 2012 10:02:39 GMT -5
Target steals title of 'cheapest' from Wal-Mart
The famous Target (TGT -0.53%) vs. Wal-Mart (WMT +0.57%) battle rages on, and this month, a tally goes to the former.
For the first time since October, Target has 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 a groceries to many stores, which cut into Wal-Mart's advantage on food prices. The company has also added discount incentives through its REDCard.
Cheap, though, can have its downside. Target's margins have declined for the past eight quarters, thanks in part to such deals.
money.msn.com/top-stocks/post.aspx?post=84caede6-927a-488e-842c-322ae9654306
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Rovo
New Crapster
Posts: 72
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Post by Rovo on Aug 27, 2012 12:13:08 GMT -5
wal-mart and target are pretty similar in what they sell. I think most people shop at one over the other based on location...but I could be wrong?
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Post by fuzzyems on Aug 27, 2012 14:18:09 GMT -5
I hate Target. I love Walmart. I will shop there anyway.
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Post by Forever Sunshine on Aug 29, 2012 12:44:50 GMT -5
I hate both stores and avoid them at all costs. I don't mind paying a few cents more for things if it supports our local mom and pop stores.
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Post by dom on Aug 29, 2012 13:04:51 GMT -5
Both stores sell total crap. But a lot of people buy crap, so who are we to deprive them of that pleasure ?
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