Wednesday, February 27, 2013

Study shows Wal-Mart's price advantage over Target is growing

According to Kanter Retail's semi-annual pricing study, Wal-Mart is widening the gap over Target. A basket of branded goods at the world's largest retailer was 4% less expensive than the same basket at Target, which represents the largest gap since the study began in 2009. The last time Target's basket was less expensive than Wal-Mart's was in January of 2011.

"This price separation is a key strategic piece of Wal-Mart's efforts to shore up shopper traffic and drive its 'save money' brand proposition," said Kantar Retail Senior Vice President Leon Nicholas.

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