Monday, April 23, 2018
Business

Walmart releases online price comparison tool

NEW YORK — The "Every Day Low Price" king is trying to shake up the world of pricing once again.

Walmart says it has rolled out an online tool that allows shoppers to compare prices on 80,000 food and household products to those of its competitors. The world's largest retailer began offering the feature called "Savings Catcher" on its website late last month in seven big markets that include Dallas, San Diego and Atlanta.

The move could change the way people shop and how other retailers price their merchandise. After all, Americans increasingly are searching for the lowest prices on their tablets and smartphones while in checkout aisles. Shoppers do this so often that big retailers like Target and Best Buy have started offering to match the lower prices of rivals — but only if shoppers do the research on their own. The idea behind Walmart's online feature, on the other hand, is to do the legwork for customers.

Duncan MacNaughton, chief merchandising and marketing officer for Wal-Mart Stores' U.S. discount division, said shoppers are looking for "technological answers to saving them money and time."

Walmart, which declined to comment on when the program would be rolled out nationwide, said it's hoping the online tool will build more confidence among Walmart shoppers that it has the best price whenever they shop in stores.

Walmart said the idea for Savings Catcher was born last year during a focus group. The idea instantly resonated with the group, the retailer said, and by last summer, the chain was testing it in four markets on an invitation-only basis. In late February, the company began rolling it out to the seven markets that also include Charlotte, N.C.; Huntsville, Ala.; Minneapolis and Lexington, Ky.

Here's how the tool works: A customer has to set up an account on walmart.com, then log onto the Savings Catcher page and type in the number on their receipt. Shoppers need to register the number within seven days of purchase. Savings Catcher compares prices of every item on the receipt to a database of advertised prices of competitors. The database is provided by an undisclosed third party that analyzes retail ads.

The prices at Walmart stores are matched to competitive stores based on geographic location, but not online retailers. For example, in Atlanta, Walmart compares prices to nearly 20 rivals, including Aldi, CVS, Food Lion, Target and Dollar General. The tool doesn't include purchases on store brands or those made online. The tool also doesn't apply to general merchandise like clothing or electronic gadgets.

The savings are issued on a Walmart online gift card and the customers can accumulate savings or use the credit immediately. Shoppers can use the credit in stores or online by printing out the gift card receipt.

Comments
Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

TAMPA — Water Street Tampa marks the start of construction Tuesday on its first building, the JW Marriott hotel, but there’s a lot more to come. And soon. Within a month or so, construction will begin on at least two more projects, 815 ...
Updated: 1 hour ago
With lights from Toys R Us dimmed, sales plunge at Hasbro

With lights from Toys R Us dimmed, sales plunge at Hasbro

Associated PressNEW YORK — With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony and its other toys. Hasbro said Monday it will rely more on online sales, although it has also be...
Updated: 2 hours ago
Sears’ biggest shareholder offers to buy Kenmore brand

Sears’ biggest shareholder offers to buy Kenmore brand

Associated PressNEW YORK — Sears’ biggest shareholder appears to be pushing for a breakup of the 125-year-old company that has survived two world wars and the Great Depression. Chairman and CEO Edward Lampert — whose hedge fund has forwarded millions...
Updated: 2 hours ago
Lucky’s Market hosting job fairs in St. Petersburg ahead of June opening

Lucky’s Market hosting job fairs in St. Petersburg ahead of June opening

ST. PETERSBURG — Job fairs to fill more than 100 jobs open at Tampa Bay’s first Lucky’s Market start this week, the organic grocer announced on Monday. The grocery store, located at 6765 22nd Ave. N, is hosting hiring fairs Monday through Friday unti...
Updated: 2 hours ago
Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

Swimmer Michael Phelps to headline Crystal Lagoon grand opening Saturday

WESLEY CHAPEL — Olympic gold medalist Michael Phelps will splash down Saturday at the Crystal Lagoon in Wesley Chapel’s Epperson development.Phelps, a global ambassador for Crystal Lagoons, will appear at the grand opening of the first Crystal Lagoon...
Updated: 4 hours ago
Big visitor calls at Port Tampa Bay

Big visitor calls at Port Tampa Bay

TAMPA — The 750-foot-long Ireland, one of the biggest cargo vessels ever to call at Port Tampa Bay, arrived Sunday.The Ireland is on its inaugural voyage, having left a shipyard in China for a stop in Mexico’s Yucatan peninsula to pick up 64,865 shor...
Updated: 4 hours ago
Tampa Bay gas prices rocket 17 cents over a week

Tampa Bay gas prices rocket 17 cents over a week

Floridians are paying plenty at the pump for a combination of spring gas prices and high oil prices this week. Gas jumped 11 cents per gallon over the week in Florida, averaging $2.74 per gallon Monday, according to AAA, The Auto Club Group. That’s t...
Updated: 4 hours ago
Apartments planned for shuttered stores at Pasco’s Gulf View Square mall

Apartments planned for shuttered stores at Pasco’s Gulf View Square mall

PORT RICHEY — The new owner of two shuttered department stores at Gulf View Square mall wants to demolish the former retail outlets and replace them with nearly 400 apartments.The complex, called Gables at Gulf View, would be on the west side of the ...
Updated: 5 hours ago
Harley-Davidson is offering a dream internship to eight college students

Harley-Davidson is offering a dream internship to eight college students

Picture it: Hitting the open road on your hog, speaking with interesting people, witnessing beautiful places and sharing the whole thing on Instagram while getting college credit.Harley-Davidson has announced its seeking eight interns for a 12-week p...
Updated: 6 hours ago

Pasco Business Digest for April 27

Business DigestEventsCHAMBER RIBBON-CUTTING: The Greater Zephyrhills Chamber of Commerce will have a ribbon-cutting ceremony for Culver’s of Zephyrhills, 6386 Gall Blvd., Zephyrhills at 10 a.m. April 30. For information, call (813) 389-8621.COMMON GR...
Published: 04/23/18