Back in May, Walmart announced that 500 of its stores in the U.S. would stop in-store price matching ads from local competitors. Despite assurances that it had no plans to expand its no-price-matching policy, the retailer has quietly ditched the service at 300 additional stores. [More]
The nation’s largest retailer and private employer has announced that it will discontinue offering health insurance to many part-time employees who work fewer than 30 hours a week, along with increasing the premiums by up to 20% for many workers who continue to receive benefits. [More]
What is a “rollback?” Walmart shoppers know that it’s when an item has decreased in price recently, and it’s something that the chain brags about on signs throughout the store. They even brag about rollbacks when prices stay the same…or go up. [More]
In health insurance-aimed cost-cutting maneuvers, Walmart won’t subsidize health insurance for future employees who work fewer than 24 hours a week. Also, new part-timers who work fewer than 33 weekly hours won’t be able to add spouses to their plans. And like workers at most any other company, full-timers with complete health benefits will have more deducted from their paychecks.
For years, Best Buy has relied on using occasional sales and discounts to lure customers into its stores. But a senior executive at the electronics retailer says it is now looking at moving toward a Walmart-like model of lower everyday prices in order to stay competitive.
How does Walmart stay profitable when they’re always announcing “rollbacks” on the prices of the stuff it sells? Judging by this photo, they do it by actually increasing the price.
Anthony spotted this less-than-amazing sale at Walmart for the eco-conscious epic Avatar. Those who held out when the movie was priced $19.96 now get to pay only $19.96.
I saw this last week in the Harbor Freight store in Casselberry, Florida. I wasn’t sure if I could pass up such an amazing deal but, somehow, I was able to exercise restraint.
You’re a strong man, Kyle.
Nowadays it seems like anyone can make a sign. I yearn for the olde days of sign making when you actually had to know something about signmaking to do it. Signmaking was restricted to knowledgeable guild workers. The penalty for non-guild workers making signs was death. By signmaking.
Reader Jonathan’s son snapped this photo of a Walmart price “rollback” in Tawas City, Michigan, this Labor Day Monday. The current price is $1.98, the previous, $1.82. “I do see the irony of being in a Wal-Mart on Labor Day,” writes Jonathan, “and I still feel unclean for it.”
With increased shoplifting and employee theft hurting Walmart’s bottom line, the store says it will now go after first-time shoplifters who are as young as 16. Previously, it was Walmart’s policy to only prosecute first-time shoplifters who were at least 18.
Poor Sony. Despite telling Reuters on July 6 that they had no plans for a price cut, they’ve cut the price of the Playstation 3 by $100.
Back in November, Walmart slashed the price on this sewing machine by 13 cents. Now they’ve pulverized it by another $1.11! OH MY GOD WE LOVE YOUR EVERYDAY LOW PRICES SO HOT! — BEN POPKEN
Analysts noted that Walmart set the pace this shopping season with four consecutive price point drops. But maybe they should be looking at how much those drops were by…. — BEN POPKEN