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Posts with tag wal-mart

Wal-Mart tracks shoppers and sees gloom about the economy

Filed under: Bargains, Food, Shopping, Wealth, Recession

If the politicians want to know more about the Wal-Mart moms they are courting, they now have a run-down of current shopping trends that are changing their spending habits. The head of the chain's U.S. operations, Eduardo Castro-Wright, talked after a town hall meeting in Los Angeles the other day about "disturbing behaviors" he was seeing on spending.

Wal-Mart in the News

    Wal-Mart Chief Executive Lee Scott speaks at a company-sponsored conference in Beijing October 22, 2008. Wal-Mart Stores Inc plans to crack down on its Chinese suppliers, announcing on Wednesday steps to enforce stricter quality and environmental standards for the products it sells. REUTERS/Christina Hu (CHINA)

    Reuters

    Wal-Mart Chief Executive Lee Scott speaks at a company-sponsored conference in Beijing October 22, 2008. Wal-Mart Stores Inc plans to crack down on its Chinese suppliers, announcing on Wednesday steps to enforce stricter quality and environmental standards for the products it sells. REUTERS/Christina Hu (CHINA)

    Reuters

    President and Chief Executive of Wal-Mart's U.S. Operations Eduardo Castro-Wright speaks to attendees at a luncheon sponsored by Town Hall Los Angeles October 21, 2008. Castro-Wright told the group that U.S. customers are worried most of all about their own financial security and are tending to spend even closer to the dates they receive their paychecks as the economy weakens. REUTERS/Lisa Baertlein (UNITED STATES)

    Reuters

    President and Chief Executive of Wal-Mart's U.S. Operations Eduardo Castro-Wright speaks to attendees at a luncheon sponsored by TownHall Los Angeles October 21, 2008. Castro-Wright told the group that U.S. customers are worried most of all about their own financial security and are tending to spend even closer to the dates they receive their paychecks as the economy weakens. REUTERS/Lisa Baertlein (UNITED STATES)

    Reuters

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images

    LOS ANGELES, CA - OCTOBER 21: President and CEO of Wal-Mart Stores, USA, Eduardo Castro-Wright, speaks at TOWN HALL Los Angeles on October 21, 2008 in Los Angeles, California. Castro-Wright spoke about current economic changes and Wal-Mart business strategies. His appearance is part of an ongoing series of CEO speakers at TOWN HALL Los Angeles, a nonprofit, nonpartisan membership organization begun in 1937 and supported through donations by individuals , foundations, and corporations to promote open public discussions of the issues of the day. (Photo by David McNew/Getty Images)

    Getty Images



He says that by tracking spending in stores, he and his team have been able to see trends as specific as people buying baby formula at the beginning of the month -- when the family coffers are full. Also, people are using their credit cards less often (usage is down more than 10 percent).

USA Today gives a run-down of three basic sectors of concern:
  • Money worries
  • Fewer name brands
  • Changing shopping patterns
Wal-Mart, being the world's largest chain, is in a position to notice a of trends, but these are not specific to Wal-Mart, of course. And they are not necessarily bad on their own. People are worried about money in all sectors of the economy and all types of shopping, but if they worry enough before they hit a crisis, they can take action and avert some financial disasters.

People should be buying fewer name brands and opting for generic when the product is equal -- that's just a core philosophy of bargain shopping.

And if people are changing their shopping patterns -- buying at the beginning of the month and during fewer shopping trips to save on gas -- that's not so bad either. Just because gas prices are going down, doesn't mean we have to go back to our profligate ways.

But what does the economy do when people act on the age-old financial advice that they should be saving more and spending less? It goes into collapse because our country is driven by spending, which is why politicians are floating a second stimulus to put money in people's pockets to spend. Maybe we should spend more time figuring out how to sustain our national finacial situation when people act rationally and responsibly with their money.

26" Men's Huffy Cranbrook Cruiser Bike, Champagne: $79.88

Filed under: Daily Deal

With the economy in the toilet, now might be a good time to get a bike: to cut down on gas costs, get some low-cost exercise, and help with that paper route you got to help pay your cable bill. Wal-Mart is offering this 26" Men's Huffy Cranbrook Cruiser Bike, Champagne for $79.88. Shipping is free if you pick it up in-store.

It's gotten very good customer reviews on the Wal-Mart site. According to the manufacturer:

Huffy 26" Men's Cranbrook Cruiser Bike, Champagne:

  • Cruise the neighborhood and bike path
  • Classic single-speed cruiser with improved features
  • Dual-density pedals and grips for improved handling
  • Weather-resistant alloy rims
  • Painted fenders to discourage rust
  • Classic steel cruiser frame
  • Large spring saddle with micro-fiber cover and quick release
  • Painted front and rear fenders
  • Weather-resistant alloy rims
  • Coaster brakes
  • Whitewall tires
  • Steel cruiser handlebars

Nike sues Wal-Mart as the retail giant storms Manhattan and sells cars

Filed under: Shopping, Black Friday

Nike Shox are popular with NBA players and, therefore, with plenty of teenagers. You can get a pair online for as little as $40. That's pretty low for a designer sneaker, but not as low as the prices usually go at Wal-Mart. So Nike, fearing being undercut by a similar sneaker being put out by the big box giant, is suing over copyright infringement, claiming Wal-Mart's Detra is going to damage its place in the market.

Wal-Mart in the News

    Wal-Mart customer checks out at Wal-Mart in San Jose, Calif., Wednesday, Aug. 13, 2008. Wal-Mart Stores Inc., the world's largest retailer, said Thursday, Sept. 4, 2008, sales of groceries and back-to-school products helped its August same-store sales rise 3 percent, beating expectations. (AP Photo/Paul Sakuma)

    AP

    Back to school advertisement at Wal-Mart in San Jose, Calif., Wednesday, Aug. 13, 2008. Wal-Mart Stores Inc., the world's largest retailer, said Thursday, Sept. 4, 2008, sales of groceries and back-to-school products helped its August same-store sales rise 3 percent, beating expectations. (AP Photo/Paul Sakuma)

    AP

    New Kids on the Block members (L-R) Danny Wood, Donnie Wahlberg, Jonathan Knight, Joey McIntyre and Jordan Knight sign copies of their CD "The Block" at Wal-Mart on September 3, 2008 in East Meadow, New York..New Kids on the Block Sign Their New CD "The Block" - September 3, 2008.Wal-Mart.East Meadow, New York United States.September 3, 2008.Photo by Janette Pellegrini/WireImage.com..To license this image (55616078), contact WireImage.com

    WireImage.com

    New Kids on the Block members (L-R) Danny Wood, Donnie Wahlberg, Jonathan Knight, Joey McIntyre and Jordan Knight sign copies of their CD "The Block" at Wal-Mart on September 3, 2008 in East Meadow, New York..New Kids on the Block Sign Their New CD "The Block" - September 3, 2008.Wal-Mart.East Meadow, New York United States.September 3, 2008.Photo by Janette Pellegrini/WireImage.com..To license this image (55615970), contact WireImage.com

    WireImage.com

    New Kids on the Block members (L-R) Danny Wood, Donnie Wahlberg, Jonathan Knight, Joey McIntyre and Jordan Knight sign copies of their CD "The Block" at Wal-Mart on September 3, 2008 in East Meadow, New York..New Kids on the Block Sign Their New CD "The Block" - September 3, 2008.Wal-Mart.East Meadow, New York United States.September 3, 2008.Photo by Janette Pellegrini/WireImage.com..To license this image (55615957), contact WireImage.com

    WireImage.com

    Wal-Mart Asia President and CEO Vicente Trius poses in front of the company's logo during an interview in Hong Kong September 3, 2008. Wal-Mart Stores Inc, the world's top retailer, is considering its first stores in Southeast Asia and expects to approach 10 percent growth in international sales to $100 billion this fiscal year despite a global economic slowdown. The retailer, long a perennial runner-up to Carrefour in China, is enjoying a huge leap in market share as it advances in a $1 billion acquisition of local chain Trust-Mart, expected to be fully completed by 2010. REUTERS/Bobby Yip (CHINA)

    Reuters

    Wal-Mart Asia President and CEO Vicente Trius poses in front of the company's logo during an interview in Hong Kong September 3, 2008. Wal-Mart Stores Inc, the world's top retailer, is considering its first stores in Southeast Asia and expects to approach 10 percent growth in international sales to $100 billion this fiscal year despite a global economic slowdown. The retailer, long a perennial runner-up to Carrefour in China, is enjoying a huge leap in market share as it advances in a $1 billion acquisition of local chain Trust-Mart, expected to be fully completed by 2010. REUTERS/Bobby Yip (CHINA)

    Reuters

    Wal-Mart Asia President and CEO Vicente Trius drinks during an interview in Hong Kong September 3, 2008. Wal-Mart Stores Inc, the world's top retailer, is considering its first stores in Southeast Asia and expects to approach 10 percent growth in international sales to $100 billion this fiscal year despite a global economic slowdown. The retailer, long a perennial runner-up to Carrefour in China, is enjoying a huge leap in market share as it advances in a $1 billion acquisition of local chain Trust-Mart, expected to be fully completed by 2010. REUTERS/Bobby Yip (CHINA)

    Reuters

    Wal-Mart Asia President and CEO Vicente Trius speaks during an interview in Hong Kong September 3, 2008. Wal-Mart Stores Inc, the world's top retailer, is considering its first stores in Southeast Asia and expects to approach 10 percent growth in international sales to $100 billion this fiscal year despite a global economic slowdown. The retailer, long a perennial runner-up to Carrefour in China, is enjoying a huge leap in market share as it advances in a $1 billion acquisition of local chain Trust-Mart, expected to be fully completed by 2010. REUTERS/Bobby Yip (CHINA)

    Reuters

    Wal-Mart Asia President and CEO Vicente Trius speaks during an interview in Hong Kong September 3, 2008. Wal-Mart Stores Inc, the world's top retailer, is considering its first stores in Southeast Asia and expects to approach 10 percent growth in international sales to $100 billion this fiscal year despite a global economic slowdown. The retailer, long a perennial runner-up to Carrefour in China, is enjoying a huge leap in market share as it advances in a $1 billion acquisition of local chain Trust-Mart, expected to be fully completed by 2010. REUTERS/Bobby Yip (CHINA)

    Reuters

KB Toys matches Walmart's toy price cuts for Black Friday

Filed under: Shopping, Black Friday

Let the Black Friday price wars begin! On the heels of Walmart's announcement that it is slashing prices on toys for the holidays, KB Toys is also cutting back prices. The chain says it will be offering two hundred toys at a reduced price of $10 or less -- Walmart is so far only offering a selection of popular toys at that price -- and cutting prices on hundreds of more items throughout stores.

The new sale extends the chain's "Super Value Program," which offers discounts on selected toys each week. Low-priced items include: Fisher-Price preschool toys for $10, Hot Wheels sets for $10, board games like Yatzee for $8, Crayol craft kits for $7, Polly Packet playsets for $5, NFL action figures for $5, and Beanie Babies for $5.

For more Black Friday deals, see our Black Friday 2008 Scorecard feature, and keep up with all the latest updates at our Black Friday section.

Look Ma, no blister pack! HP's new eco friendly laptop.

Filed under: Reduce, Reuse, Recycle, Technology

HP laptop with recycled messenger bagWal-Mart recently finished judging a competition amongst its suppliers to produce environmentally friendly packaging that protected the product while using consumer-attractive design. The winner was an HP laptop that is shipped and sold in a stylish carrying bag made from 100% recycled materials. This specific laptop, the HP Pavilion dv6929, not only uses 97% less packaging but also requires fewer trucks to deliver, thanks to the smaller container.

Given the fact that in 2006 6,000 people made visits to emergency rooms due to the cursed plastic coffins that many retailers keep gadgets in, I wholeheartedly applaud this move on an anger management level alone! The added benefit of reducing the usage of cardboard while providing the consumer with a carrying case is a wonderfully useful idea. Normally when I get a new gadget the first thing I have to purchase is a new carrying case which leads me to agree with Matthew from Geek.com: This kind of packaging would be a welcome change to the gadget world.

This innovative and useful packaging simply knocks this product out of the park for both Wal-Mart and HP. The price for this energy star-rated laptop is $798 including the messenger bag, which it is packaged in. Without specs I can't comment on how good of a deal it is in computing terms, but I'd expect something which would provide enough umph for the average college student. Here's to hoping my next laptop, cell phone and video game console come with a cool carrying case instead of a blister pack!

Back to school clothes shopping? Skip Wal-Mart

Filed under: Kids and Money, Shopping

I was strolling through the men's clothing department at Wal-Mart yesterday and realized something: it's not that cheap.

Plain, ugly, Faded Glory jeans were $12.88 and oP polos are $13. Of course that's a lot cheaper than Macy's but it's also pretty poor quality clothing. A lot of families will head to Wal-Mart because it seems like it would be a cheap place to do back to school shopping but the reality is that you can do much, much better. Here are a few ideas:
  • TJMaxx and Marshalls: if you limit your kids (and yourself) to the clearance rack, you should be able to find plenty of nice, name brand stuff for less than you'll pay for much lower quality stuff at Wal-Mart. Example: I recently found American Eagle jeans for $10 at TJMaxx. That's less than the Faded Glory ones are at Wal-Mart, even though American Eagle jeans retail in the $40 range.
  • Plato's Closet: The absolute best place for teens. With brands like American Eagle and Abercrombie in gently used condition at 80% off mall prices, it's worth a bit of a drive. Bring friends!
  • Steve & Barry's: Recently filed for bankruptcy but still operating all of its stores, this chain offers shoes, sweatshirts, jeans, t-shirts, etc all at $8.88! Great place to buy stuff with college logos.
Also, check local thrift shops and consignment shops, if you can talk your kids into it. With stores like TJMaxx and Steve & Barry's, you should be able to do your back to school shopping just as cheap, if not cheaper, than you could at Wal-Mart and you/your kids will look infinitely cooler.

Fantastic Freebies: Weekly download from Wal-Mart

Filed under: Fantastic Freebies

Every day, WalletPop will be bringing you information about a fantastic freebie. Like what you see? Check back tomorrow for more!

Wal-Mart might not seem like the best place to find out about hot new music. Actually, if you're of the indie-rock school of thought, it's probably by far the worst place to discover new artists.

But if you're more commercially-minded, Wal-Mart has a new site that will be updated every week, offering a new song. According to Wal-Mart:

Build your playlists without breaking the bank. With a new free song every week, you'll have plenty of opportunity to explore the latest bands, reconnect with some old favorites and expand your collection - without investing a cent.

The first song is "Libertad" by an outfit calling itself "pacifika." Check out their MySpace here. Kind of a cool sound actually.

More discounts at Wal-Mart benefit consumers across the board

Filed under: Shopping

Whether or not you shop at Wal-Mart, the company still helps you pay lower prices for lots of things your family buys. How can that be? When Wal-Mart lowers prices, other stores tend to offer more discounts too in an effort to lure in shoppers. And it works!

Consumers feeling the pinch of higher gas and food prices are looking for more sales than ever before. Wal-Mart is using this to their advantage by lowering prices of key items. The company reports that in the first quarter of 2008, prices were cut on thousands of items. Some of the price cuts were as high as 30%.

I'm not a fan of Wal-Mart stores, but whether we love or hate the company doesn't matter. We benefit from their price-cutting. So you might be ticked off that Wal-Mart was able to grow company sales by 10% in the first quarter. Who cares! Consumers benefit whether they recognize it or not, and those lower prices at Target, Costco, Walgreens, and CVS are in part thanks to the price slashing of the mega-retailer. Happy shopping!

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

More cheap prescription drugs coming to Wal-Mart

Filed under: Shopping, Health

When Wal-Mart first lowered the price of certain generic prescription drugs to $4 for a 30-day supply, consumers wondered how they could do it. Wouldn't they lose money? Of course they would lose money on the prescription, but the master of merchandising knew they'd more than make up for those losses on what you'd purchase while you were waiting for your prescription.

Now Wal-Mart has announced that it's going to make even more drugs available for $4 (30 day supply) or $10 (90 day supply). These aren't your newest, fanciest drugs. But they are common generics that many people take daily. They will now have over 1,000 prescription drugs available at bargain basement prices.

And there's another bright side for consumers: Even if you don't shop at Wal-Mart, you might benefit. Consumers filling their prescriptions at Target also receive the same bargain pricing, in an effort to compete with Wal-Mart. And I'm sure there are other chains that have also followed suit, giving consumers several options for extremely affordable prescription drugs.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

It could happen to your company: embarrassing Wal-Mart videos on sale

Filed under: Shopping

Nothing is private these days.

That's all well and good if you're an open book and don't mind people knowing intricate details about your lives. Some writers -- I'm one -- are apparently genetically disposed to being an open book -- and certainly millions of people have a yearning to tell everyone's what's on their minds on blogs, Facebook profiles and the like.

But what if you don't want people to know what's going on?

The business community is starting to get a taste of that. As you may have read -- there was a great story about it a few weeks ago in the Wall Street Journal -- Wal-Mart Stores, Inc found that a treasure trove of their corporate secrets are no longer secret. In fact, they're on sale. For almost 30 years, whenever Wal-Mart had a high-level corporate meeting, they employed Flagler Productions, Inc., to film their meetings where while being filmed, everyone nevertheless felt free to speak freely.

When I first read this, I thought, "Good idea. Tape those meetings. Stave off the brain drain that happens to so many companies when older executives leave, and later their replacements are left thinking, 'Surely, our company has dealt with this crisis before?'" But Wal-Mart had suggested to Flagler that to save money, they reuse the videotapes, and so for whatever reasons they decided to videotape everything, it apparently wasn't for posterity.

Earth-friendly t-shirts from Wal-Mart: $7.50!

Filed under: Reduce, Reuse, Recycle, Daily Deal

I know: the idea of Wal-Mart as a green-friendly company is a little strange, but bear with me. For $7.50, you can buy a t-shirt made of "cotton blended with polyester made from recycled Coca-Cola bottles."

What? I'm not really sure. They also have a line of Faded Glory t-shirts made of organic cotton at the same low price-point. The collection totals 94 items and includes tote bags, pajamas, shorts, and baby outfits.

Major props to Wal-Mart for offering products like these at such a great price.

Wal-Mart's handshake deal leads to embarrassing videos

Filed under: Sex Sells, Shopping

Get it on paper! If you come away from this video of Wal-Mart executives dressed in drag with only one tip, it's this: Remember to get your business dealings down on paper! (well, that and to avoid dressing in drag in front of a camera unless you want to be a Youtube star. )This rather embarrassing and possibly litigious situation could have easily been avoided if somebody, I don't care who, had taken the time to get a paragraph signed stating that Wal-Mart owned the content of these meetings. Even though Flagler Productions recorded the meetings for Wal-Mart it isn't apparent to me that the company actually produced anything; rather, it acted as a simple recorder of events.

While Wal-mart contends that the videos are of little interest to outsiders; a slew of anti-discrimination lawyers, documentary makers and late show audience members will likely disagree. If this goes to court it will be very interesting to see how the judge rules, given the intent of the parties and agreements which exist solely in the memories of two parties with significant stakes in the outcome.

I have to side with Wal-Mart in this instance, because no reasonable company would save a few bucks to pass on control of video from internal company events and meetings. The risks of doing so greatly outweigh any initial savings and I believe a judge will reach the same conclusion. Of course by the time any rulings have been made Flagler Productions may have already released footage of senior management dressed in bikinis rocking out to Bon Jovi.

Free samples from Wal-Mart!

Filed under: Shopping, Daily Deal

In this economy -- and in any economy -- the best daily deal is a free deal.

Ladies and gentlemen, I bring you Wal-Mart's frequently updated free sample page. All you have to is click "Get your sample", type in your address, and they mail it to you. No shipping charges, no nothing.

Among the products currently available are Vaseline moisturizer, Glad trash bags, and Dexatrim Max20.

If you want more free stuff, visit www.startsampling.com, and start clicking away. I ordered me some Brut aftershave balm moisturizer.

Check out this frequently updated blog for the latest news on free samples.