Walmart Rolls Into Battle Against the ‘Big Three’ Grocery Chains
Filed under: Safeway, Wal-Mart Stores, Target Corp, Retail, Shopping
When times get tough, even Walmart’s (WMT) “everyday low prices” aren’t all that alluring to shoppers — except in one segment of its business: food.
For its core customers, like everyone else, food is a budget item that can only be reduced, never eliminated — and for them, it’s a major one. Walmart’s CEO recently confirmed that, for its customers, “food is consistently the top monthly expense outside of housing and vehicle payments.”
So it’s little wonder Walmart is seeing so much…
Walmart Rolls Into Battle Against the ‘Big Three’ Grocery Chains originally appeared on DailyFinance.com on 2012-08-02T15:36:00Z.
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