tag:blogger.com,1999:blog-22195348.post115673520925268011..comments2022-11-04T07:26:57.774-04:00Comments on Adirondack Wal-Mart: Wal-Mart Prices - Are they the lowest?Adirondack Wal-Marthttp://www.blogger.com/profile/08176410672347916003noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-22195348.post-1157409293383938282006-09-04T18:34:00.000-04:002006-09-04T18:34:00.000-04:00Wal-Mart's slogan "always the lowest price, always...Wal-Mart's slogan "always the lowest price, always" was removed some years ago. If I remember right they were ordered to change it because IT WASN'T TRUE. (I don't remember who made Wal-Mart change their slogan.) <BR/>Anyway concerning pricing at Wal-Mart one should read The Myth Of Excellence by Fred Crawford & Ryan Mathews. Wal-Mart is mentioned in chapter 3 of this book. On page 47 the authors had this to say:<BR/>"Perhaps no comsumer business understands the new definition of price attribute better than Wal-Mart. But is the impression of lowest prices reality? While most consumers believe that Wal-Mart always has the lowest prices, a market-basket comparision that we conducted proved otherwise. Our research in which we compared prices charged by Wal-Mart and its 3 major competitors in 18 U.S. markets on a list of common items, showed that Wal-Mart was not always the lowest-priced player. On average, Wal-Marts prices were HIGHER THAN THOSE OF IT'S COMPETITORS ON ONE-THIRD OF THE ITEMS CHECKED." And on some items the savings amounted to ABOUT 2 CENTS PER ITEM! <BR/>What one learns from this is PERCEPTION IS EVERYTHING. Wal-Mart is PERCEIVED as having the lowest prices, but that is not always the case. And what do you think their prices would be if they came here WITH NO COMPETITION!? Their prices would be higher than their Plattsburgh store, because they have no competition here. In Plattsburgh they have loads of competition, so they have to keep their prices lower. <BR/>Wal-Mart makes themselves look good whenever they can. But they are no bargain folks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1157219261507164332006-09-02T13:47:00.000-04:002006-09-02T13:47:00.000-04:00Did I read "someone in usa" correctly?... did he/s...Did I read "someone in usa" correctly?... did he/she say in a response to "anonymous" that he/she knows what's best for Saranac Lake?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156800390312716182006-08-28T17:26:00.000-04:002006-08-28T17:26:00.000-04:00You know, I think I'll undertake a similar endeavo...You know, I think I'll undertake a similar endeavor in my area, but I'll try to be more complete. It may take some time (a month or so), but I'll come back and let you know when I post it on my blog.Someone in USAhttps://www.blogger.com/profile/15847050209300925852noreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156783834688314642006-08-28T12:50:00.000-04:002006-08-28T12:50:00.000-04:00One other point to consider. Why is Wal-Mart's slo...One other point to consider. Why is Wal-Mart's slogan no longer "Always the lowest price"?Adirondack Wal-Marthttps://www.blogger.com/profile/08176410672347916003noreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156783715043352012006-08-28T12:48:00.000-04:002006-08-28T12:48:00.000-04:00Potsdam, NY 'Market basket study'. Not an academic...Potsdam, NY <A HREF="http://nccrg.org/Potsdam2020/index.php?option=com_content&task=view&id=16&Itemid=41" REL="nofollow">'Market basket study'</A>. Not an academic study, just a list compiled by some real people.Adirondack Wal-Marthttps://www.blogger.com/profile/08176410672347916003noreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156781810401157382006-08-28T12:16:00.000-04:002006-08-28T12:16:00.000-04:00When I said "a legitimate study," I meant an acade...When I said "a legitimate study," I meant an academic study. I have seen several others, but I take everything on this matter backed by a union with a grain of salt. Thanks anyway.<BR/><BR/>Lehman has an agenda now. I wouldn't trust him to tell me the truth any more than I would Lee Scott (who also has an agenda). I am familiar with the opening price point strategy, but in my experience, Wal-Mart's other prices are generally (not always) lower than its competitors. That's why I want to see an academic study on the issue.<BR/><BR/>There is no need to argue the issue, as empirical data should suffice.<BR/><BR/>anonymous-<BR/><BR/>I may very well know what's best for your "unique community." However, my purpose here has nothing to do with Wal-Mart's interest, or lack thereof, in Saranac Lake.Someone in USAhttps://www.blogger.com/profile/15847050209300925852noreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156781324718426712006-08-28T12:08:00.000-04:002006-08-28T12:08:00.000-04:00I like these quotes from the interview:"They've ta...I like these quotes from the interview:<BR/><BR/>"They've taken the foundation that Sam built, and now it's on steroids. This company is out of control. I would say look beyond that."<BR/><BR/>"So no, I would say Wal-Mart is not good for America. I think the average person out there that you run into in a Wal-Mart store may say: "Yeah, I love this place, because look at the stuff I can get. Look at the cheap prices." But there's a cost for these low prices, and many people don't realize that."<BR/><BR/>This is a forward thinking reality:<BR/><BR/>"I think there's going to be a correction that takes place, though, eventually."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156775504655906062006-08-28T10:31:00.000-04:002006-08-28T10:31:00.000-04:00wow, someone in usa is back...promoting Walmart so...wow, someone in usa is back...promoting Walmart so that it will come to saranac lake or some other communitylike it. Have you ever shopped here? Is Walmart a "one size fits all" store and even though you don't live here, vote here, pay taxes here, send your kids to school here, or shovel snow here, you know exactly what's best for this unique community and have no problem shoveling Walmart s*#t here? You must be getting paid for this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156769842740885842006-08-28T08:57:00.000-04:002006-08-28T08:57:00.000-04:00Someone 'like' Mr. Lehman. He must be a liar becau...Someone 'like' Mr. Lehman. He must be a liar because he saying something bad about Wal-Mart. We sure can't take the word of a liar like Lehman can we? Afterall, he works for a union now! And, yes there are studies out there, none by done by academics that I know of however. I'll leave it to you to find them, some are posted on this blog. <BR/><BR/>Are you arguing that Wal-Mart has not 'killed' suppliers? And what does Wal-Mart getting the best wholesale price have to do with what the retail price marked on the item.<BR/><BR/>I prefer not to discuss Wal-Mart with people that can't even keep a pro-Wal-Mart blog going. Did you run out of praise for Wal-Mart or did you just finish 'educating' everyone about Wal-Mart.Adirondack Wal-Marthttps://www.blogger.com/profile/08176410672347916003noreply@blogger.comtag:blogger.com,1999:blog-22195348.post-1156739812252151392006-08-28T00:36:00.000-04:002006-08-28T00:36:00.000-04:00It would be interesting to see a legitimate study ...It would be interesting to see a legitimate study on this - how Wal-Mart's wages compare to competitors in a given area or even national averages. That's a lot better than taking the word of someone like Mr. Lehman. If you know of one, evil (or whatever you like to be called), please point me in that direction. I have yet to see one, but it's possible I haven't looked hard enough.<BR/><BR/>How would you say claims that Wal-Mart's obsession with low prices kills suppliers matches up with the idea that they are not usually the lowest?Someone in USAhttps://www.blogger.com/profile/15847050209300925852noreply@blogger.com