Everyday low prices just got a little higher. A JPMorgan Chase study of a Virginia Walmart (hey, it’s a big store, you gotta just pick one to do a decent survey of its inventory) found that in the past six weeks the retailer raised prices on overage of 6%, but on some products, as high as 60%.
32oz bottles of Windex shot up 50%, 12 oz box of Quaker oaks went up 65%, and 50oz Tide went up more than 50%.
NYPost says that the changes are a reflection that recently upturned upper-management has recognized that the overly aggressive rock bottom pricing strategy has eaten away at profits.
Wal-Mart Quietly Raises Prices [DailyFinance] (Thanks to Rob!)