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Wal-Mart to slash grocery prices
Reuters ^ | 3-19-10

Posted on 03/19/2010 8:16:19 PM PDT by STARWISE

Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.

A Morgan Stanley analyst first reported the world's largest retailer's plan, calling it a major setback for other U.S. grocers, and the company confirmed the promotions in an email.

"While this helps address Walmart's traffic woes, we view this as a major setback for the grocery stocks, which have been rallying on hopes of a return to more rational pricing," Morgan Stanley analyst Mark Wiltamuth wrote in a note on Friday.

The Standard & Poor's Food Retail Sub-Industry Index closed down 2.2 percent.

Walmart has used aggressive pricing in grocery and other units to bring shoppers into its stores. The grocery business is particularly pressured by such pricing, as its profit margins are already low.

Investors in Walmart have been concerned about signs that shoppers who gravitated to its stores during the worst of the recession -- boosting sales and profits -- are returning to rivals. Traffic fell in Walmart's U.S. stores during its fourth quarter, despite the holiday season, when shopping is at its peak.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bhoeconomy; fifth100days; grocery; pricecut; retail; walmart
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HALLELUJAH! Thank you, WalMart! Keep the non-union, free market system going.

What the Experts are Saying About Wal-Mart's Economic Impact

Excerpt:

Wal-Mart has lowered retail prices and increased the true disposable income of individuals, then it is likely to have increased personal savings as well.” (The Wal-Mart Revolution: How Big-Box Stores Benefit Consumers, Workers, and the Economy, Richard Vedder and Wendell Cox, American Enterprise Institute for Public Policy Research. Washington D.C., 2006).


1 posted on 03/19/2010 8:16:20 PM PDT by STARWISE
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To: Toddsterpatriot; Mase; expat_panama

CHINA!

2 posted on 03/19/2010 8:18:54 PM PDT by 1rudeboy
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To: onyx; penelopesire; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...

Yay .. for at least SOME good news ... PING!


3 posted on 03/19/2010 8:19:11 PM PDT by STARWISE (KILL DEMON PASS! CALL THE LIST TODAY!! http://tinyurl.com/yk6e2u2)
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To: 1rudeboy

ROFL


4 posted on 03/19/2010 8:20:03 PM PDT by Extremely Extreme Extremist (Islam is incompatible with American traditions and values)
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To: STARWISE

I WONDER WHEN THEY WILL BE ACCEPTING THE OBAMA FOOD STAMPS?

http://s881.photobucket.com/albums/ac16/nazibama/?action=view&current=obama_foodstamp-1.jpg


5 posted on 03/19/2010 8:21:46 PM PDT by TheDailyChange (Politics,Conservatism,Liberalism)
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To: STARWISE

I don’t know about where you live, but W-M has been raising prices for the last year. Thus lowering them is just getting back to regular prices.


6 posted on 03/19/2010 8:22:07 PM PDT by Marty62 ( Marty60)
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To: STARWISE

I’m probably not very bright but I like to buy groceries at the place with the lowest prices. It’s just a goofy quirk that I have.


7 posted on 03/19/2010 8:23:54 PM PDT by FlingWingFlyer (How much did your congressman's vote go for? Mine got two bits. Her going price.)
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To: STARWISE

I’d rather starve than give WM one red cent.


8 posted on 03/19/2010 8:23:58 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: Marty62

Swanson chicken broth:

Wal Mart .40 highest I’ve paid .57

My regular store Bel Air (Raleys- Northern CA) 1.69 on sales1.47


9 posted on 03/19/2010 8:24:13 PM PDT by notaliberal
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To: 1rudeboy

LOL


10 posted on 03/19/2010 8:25:06 PM PDT by dr_who
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To: STARWISE

Wal-Mart is generally lower on canned and boxed foods. For meat and produce they feature mediocre quality and high prices.

They are not even lowest on staple goods sometimes. I eat a couple of snacks at night to settle my stomach. I noticed the local small supermarket is lower on a particular brand of snack cakes than Wal-Mart. On the other hand, for things like rice and beans etc. Wal-Mart is way lower.


11 posted on 03/19/2010 8:26:58 PM PDT by yarddog
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To: Extremely Extreme Extremist
I had been filling a prescription at CVS Pharmacy (30ct. for about $7-$8). It finally ran out, and my doc said, "hey, if I prescribe this to you at 2x per day instead of 1x per day, you'll get 60ct. at a time instead of 30ct.--just keep taking one per day." He asked me where to call the prescription in, and on impulse, I said "Wal-Mart."

Go to pick up the prescription, $4 . . . 4 friggin' dollars. For 60 instead of 30.

12 posted on 03/19/2010 8:27:54 PM PDT by 1rudeboy
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To: Marty62

Same happened here. They remodled and everything seems like it has increased in price by anywhere from .25¢ through many dollars. Iams cat food used to be $28.66 for a 20# bag now they want $23.99 for 14#! :(


13 posted on 03/19/2010 8:28:26 PM PDT by chris_bdba
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To: Marty62

*** W-M has been raising prices for the last year. Thus lowering them is just getting back to regular prices.***

Will the can size drop as the price drops?

Old Roy dog food used to be 50 lb. then dropped to 40 lb, then back up to 50 lb, then down to 40 lb, now it is up to 44 lb.
When was the last time you saw a 20 lb sack of cat food?
Or a POUND OF COFFEE?

Wish I could say it was only Walmart doing this but the other stores are doing it also.


14 posted on 03/19/2010 8:29:38 PM PDT by Ruy Dias de Bivar (If I say to you "I'm your friend" ....RUN!)
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To: 1rudeboy
Wal-Mart must have forced all domestic food manufacturers to move production to China.
15 posted on 03/19/2010 8:30:38 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Marty62

If Aldi ever gets nationwide - Wal Mart grocery will have problems. Wal Mart “ain’t” that cheap. Target is cheaper and Aldi chased WMT out of Germany because ALDI gave em a whopping.

CHINA!


16 posted on 03/19/2010 8:32:18 PM PDT by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: STARWISE

3 lb. bag of onions at Aldi’s $1.99
3 lb. bag of onions at W-Mart $2.88


17 posted on 03/19/2010 8:32:40 PM PDT by Ravi
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To: STARWISE

I don’t know. I find myself coming out of Walmart empty-handed more often than not. I buy some groceries from WM that are consistently cheaper than my grocery store but if you shop the sales you can still beat WM prices.

I noticed this evening, while I was waiting 30 minutes for someone to help me buy a treadmill, that many shelves were empty and there were 6 shelfs that had one row of the same product on each shelf. IOW, they could have fit on two shelves, three deep.

I notice that our over-priced hardware store is packed every day and I know that it is because WM is not carrying the diversity of products it used to. I also notice more traffic at K-Mart, it used to be a mausoleum and now the parking lot is full again.


18 posted on 03/19/2010 8:32:44 PM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: Mase

“Wal-Mart must have forced all domestic food manufacturers to move production to China.”

I love melamine and mercury in my cookies plus sulphur in my dry wall - but that is just me.


19 posted on 03/19/2010 8:33:38 PM PDT by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: yarddog

Wal-mart is damned if they do and damned if they don’t. They are selling alot of Great Value products made in the USA and people are complaining about not enough name brands on the shelves. It doesn’t seem to matter if the name brands are made anywhere else.
Went to Wal-mart the other day and the lady that checked me out was missing a portion of her left hand, the greeter was very elderly as were many of their employees..where else could they find work? Wal-mart is NON union and of course their prices have gone up as has national wage and gas.


20 posted on 03/19/2010 8:34:26 PM PDT by katiedidit1
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To: Marty62
"I don’t know about where you live, but W-M has been raising prices for the last year"

I remember it well. It was just about this time last year when they announced they would gradually raise prices.

21 posted on 03/19/2010 8:35:09 PM PDT by AGreatPer (Impeach Obama)
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To: Marty62

Exactly! The prices went up because of transportation costs, and then they stayed there.


22 posted on 03/19/2010 8:35:40 PM PDT by FourPeas (servantscenter.org -- Jesus' hands and feet on the streets serving those in need)
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To: Marty62
From the article:

The grocery business is particularly pressured by such pricing, as its profit margins are already low.

Your comment:

I don’t know about where you live, but W-M has been raising prices for the last year. Thus lowering them is just getting back to regular prices.

Same here, where everything is a dollar more than in grocery stores in the rest of the country.

23 posted on 03/19/2010 8:36:52 PM PDT by Inyo-Mono (Had God not driven man from the Garden of Eden the Sierra Club surely would have.)
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To: 1rudeboy

Yes, that is the price whether you have insurance or not. Can get even cheaper per dose some places by utilizing a 90 day script.


24 posted on 03/19/2010 8:36:53 PM PDT by steve86 (Acerbic by nature, not nurture)
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To: Ruy Dias de Bivar

Minimum wage has gone up, gas is high and Wal-mart is non union. The government regulations may well force many companies to raise prices or leave the USA. Regulate them out of the country.
It would damage the economy in the area I live because they hire so many elderly here that would not be able to find a job anywhere else. Handicapped too and they are open 24/7.
Also, they gave 1,000 dollars to the school here for a Christmas coat drive and do alot more to help those in need


25 posted on 03/19/2010 8:37:26 PM PDT by katiedidit1
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To: Ruy Dias de Bivar

I shop at a Market that feeds you all the way through the store. It’s like a party to shop there. But there is a method to the madness, I always spend more than I planned.


26 posted on 03/19/2010 8:38:20 PM PDT by Marty62 ( Marty60)
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To: Marty62
My Walmart has raised prices as well. Their produce is the worst and the most expensive around.

My store has began shelving mostly the most expensive canned or sacked goods. They do have a section along side those of less expensive, but not enough less to warrant buying the cheaper brand.

Looking for another store.

27 posted on 03/19/2010 8:39:20 PM PDT by annieokie
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To: FlingWingFlyer

“I’m probably not very bright but I like to buy groceries at the place with the lowest prices.”

I like the best quality stuff at the lowest prices.


28 posted on 03/19/2010 8:39:38 PM PDT by HereInTheHeartland (The End of an Error - 01/20/2013)
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To: yarddog
“On the other hand, for things like rice and beans etc. Wal-Mart is way lower.”

Catering to their largest constituency, illegal aliens!

29 posted on 03/19/2010 8:39:56 PM PDT by dalereed
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To: Frantzie

I don’t buy many Chinese groceries.


30 posted on 03/19/2010 8:40:07 PM PDT by 1rudeboy
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To: All

Above link for What The Experts Are Saying ...

walmartstores.com/download/3097.pdf

Download and open in a pdf document.

.

Walmart Fact Sheets

http://walmartstores.com/pressroom/FactSheets/


31 posted on 03/19/2010 8:40:17 PM PDT by STARWISE (KILL DEMON PASS! CALL THE LIST TODAY!! http://tinyurl.com/yk6e2u2)
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To: chris_bdba

You’re not supposed to catch that, you’re just supposed to see that it is almost $5 a bag cheaper.


32 posted on 03/19/2010 8:40:18 PM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: dalereed

Thanks. I was wondering how we could turn this thread into a discussion about illegal immigration.


33 posted on 03/19/2010 8:41:08 PM PDT by 1rudeboy
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To: pissant

I’d rather starve than give WM one red cent.

brilliant analysis


34 posted on 03/19/2010 8:42:03 PM PDT by terycarl (4)
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To: STARWISE

Walmart’s meat and produce prices are way too high


35 posted on 03/19/2010 8:42:08 PM PDT by Lib-Lickers 2
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To: katiedidit1

Democrats had no problem with Walmart until it started carrying groceries. Then it competed with the union stores in the big cities and the party went after it with a vengance.

Shaw’s in my small Connecticut town is closing in a few days. It served us and the town next door which has no grocery store. Union busted it. Supposed to open as something else sometime soon. Hope so as there is only one other store in town.


36 posted on 03/19/2010 8:42:13 PM PDT by Brugmansian
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To: Mase
During the past five years, FDA-regulated food imports from China increased by more than 140 percent.
37 posted on 03/19/2010 8:42:48 PM PDT by Last Dakotan
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To: katiedidit1

Well said!

Wal Mart prices go up and down, I guess depending on deals that the Manufacturer gives them. They pass savings on to the customer.

My Mom said it was the same way at the base commissary. One week something would be one price the next week a different price. That is the real world. I worked for a large candy manufacturer and when they had a good deal on a product sales would go through the roof.


38 posted on 03/19/2010 8:44:29 PM PDT by notaliberal
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To: STARWISE

I read an article last weekend that said Walmart was competing with Whole Foods for the vegetable and fruit shoppers. Taste studies found them to be comparable and cheaper.

The only reason I mention this is...they are trying to use local small farmers.

I think Wal-Mart has done some damage to the mom and pop operations, but using local farmers could end up being a huge deal.


39 posted on 03/19/2010 8:45:55 PM PDT by berdie (Hey, Bill Mahr...That's Mrs. Cracker to you.)
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To: Brugmansian

Democrats had no problem with Walmart until it started carrying groceries

~~~~

Democrats have a problem with Walmart for ONE reason:

they won’t go union.

~~~~~

Current gas prices north of Chicago proper range
from $3.03/gal to $3.49/gal

Those costs, plus horrendous tax increases being levied by every budge-starved municipality these days, affect every retail operation.


40 posted on 03/19/2010 8:47:00 PM PDT by STARWISE (KILL DEMON PASS! CALL THE LIST TODAY!! http://tinyurl.com/yk6e2u2)
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To: pissant

I would support that decision, but I don’t know how to create the inescapable scenario of you being forced to shop at Walmart.

Perhaps I could copy the methods of those leftists and elitist people that have succeeded in keeping Super Walmarts out of San Diego for all these years and forcing me to shop at the stores that they allow me to shop at.


41 posted on 03/19/2010 8:47:36 PM PDT by ansel12 (Social liberal politicians in the GOP are easy for the left to turn, why is that?)
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To: STARWISE; SortaBichy
Walmart's all over the board with their pricing....their liquor department can't hold a candle to the tiniest corner one-man show. Their meat is way overpriced, and the kicker is that it's labeled as water added "select" (what used to be known as 'utility grade' - a/k/a/ "shit"). If you're a soda pop drinker, you can do a lot better at your local chain grocer.

You can't beat 'em - or even come close - on most canned food items, paper goods, etc.

Wally's truly a mixed bag. You save on one aisle, and get hosed on the next.

42 posted on 03/19/2010 8:47:40 PM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: terycarl

Me no like commie appeasers. WM appeases both domestic commies and foreign ones.


43 posted on 03/19/2010 8:47:49 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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Comment #44 Removed by Moderator

To: Last Dakotan

Protip: if the package says, “MADE IN CHINA,” don’t buy it.


45 posted on 03/19/2010 8:49:47 PM PDT by 1rudeboy
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To: 1rudeboy

If my Tabasco sauce was not made in Peking, like God said it should be, then I don’t pay the 98 cents that Wal-Mart charges instead of the $2.28 that Albertsons does.


46 posted on 03/19/2010 8:50:29 PM PDT by ansel12 (Social liberal politicians in the GOP are easy for the left to turn, why is that?)
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To: Marty62

Yup.

Stopped shopping there for food long ago.

The local Martins Supermarket beats the snot outta them for prices, quality, cleanliness *and* selection.


47 posted on 03/19/2010 8:51:18 PM PDT by Salamander (....and I'm sure I need some rest but sleepin' don't come very easy in a straight white vest.......)
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*


48 posted on 03/19/2010 8:51:56 PM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: 1rudeboy
FANTASIC ! ! !
49 posted on 03/19/2010 8:54:00 PM PDT by GOPsterinMA (Camelot sleeps with the fishes!)
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To: tiki
I notice that our over-priced hardware store is packed every day and I know that it is because WM is not carrying the diversity of products it used to

Interesting....we've always loved our tiny neighborhood ACE hardware. Ten years ago, a Home Depot opened and, of course, a Lowes opened shortly thereafter.....we continued our hardware shopping (very minimal) at ACE, and asked the owner how he was faring; he told us that he was doing just fine, by doing the "niche" thing...........for instance, NONE of the big boys sell metal trash cans or even rain gutters (desert - infrequent rain) around here - ACE does. They're still our first stop.

50 posted on 03/19/2010 8:54:23 PM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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