If everyone’s prices are low, are anyone’s prices really low? While you ponder that, consider this recent prediction from the retail consultant AMG Strategic Advisors: within three years, the vast majority of retailers will largely ditch sales and promotions in favor of everyday low pricing. Super-savers accustomed to collecting coupons and waiting for sales may shudder at the thought; Walmart[Read More…]
“Fresh & Easy”? More like Costly & Failing. The British owner of the California-based, no-frills grocery store chain says it may be time to pack it in. At a time when ALDI is taking the U.S. by storm, Fresh & Easy represented another foreign-owned small-format grocer when it arrived on U.S. shores five years ago. It expanded to about 200[Read More…]
Do you like the selection at your supermarket, but not the prices? Prefer the prices of the local discount store, but not the lack of choices? A new store concept will allow you to have the best of both worlds – without having to go to Walmart. “Good Cents” opened its doors this morning in Pittsburgh, describing itself as “the[Read More…]
It’s not Walmart. It’s not even Aldi. The new grocery low-price leader is – would you believe – Dollar General? That’s not what Walmart would have you believe. The company trumpeted its price leadership at an investors conference last week, and the Wall Street Journal today headlined a Deutsche Bank price-comparison study that crowned Walmart the cheapest option. But while[Read More…]
All week, grocery shoppers in Hampton Roads, Virginia have been told that “exciting things are in store” at Kroger. Today, those “exciting things” have been revealed. “Announcing New Low Prices!” the store’s weekly ad blares. A store executive tells the Virginian-Pilot newspaper that Kroger’s seven local supermarkets are cutting everyday prices on more than 10,000 of the 28,000 items in[Read More…]
Are you still buying your groceries at a grocery store? How quaint! Supermarkets are poised to lose their position as America’s preferred grocery-shopping destination. And it’s not only big-box discounters like Walmart and Target that are taking their business. The Wall Street Journal reports that supermarkets’ share of U.S. grocery sales fell to 51% last year. And Forbes cites a[Read More…]
