
A subject for constant debate about retail giant Walmart is the chain’s legendary low prices have democratized consumption, allowing low-income households to afford flat-screen televisions and nine-layer lasagna while at the same time economists say that those low prices have depressed domestic wages and exported manufacturing jobs to foreign countries, hurting Americans more than helping them. All of which has made Wal-Mart the most scrutinized business in the country.
So, what’s making Walmart stronger as the economy grows weaker? The financial turmoil strangling discretionary spending at many stores, is sending struggling consumers into the wide open arms of Wal-Mart. With a renewed emphasis on savings in these times the Walmart Brand practices just that. So while the economy may be on a downward spiral, there’s one saving grace in Walmart keeping their prices affordable for their consumers even in hard times.
If you thought the biggest consumer good brand in the United States was something like Coke or Ford, you’re mistaken. It’s America’s very own Wal-mart with over 4100 stores across the US. More than 5000 stock-keeping units are sold under the Great Value label, it is the biggest grocery brand in the US by both sales and volume.
The one thing that has failed to make it’s mark on Walmart’s astonishing list of achievements is it’s own label, which the Giant has vowed to re-vamp and revitalize it’s in-house brand. The walmart label is carried on more than 100 categories, including bread, canned food and light bulbs. Wal-Mart’s Great Value Range boasts of prices around half those of national brand equivalents. Senior vice-president Andrea Thomas states that newly launched Great Value items will not receive more prominent shelf space inside Wal-Mart’s stores, but will earn their position just like the branded stuff.
A huge hit was the wal-mart pricedrops and bargains known as rollbacks. These limited time offers were real crowd pleasers especially with unfortunate turn in the economy. Rollbackmart offers people a chance to track these price drops and bargains to make the best of them without scouring the whole site.
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