Quote:
Originally Posted by flaja
What Wal-Marts do you shop in? Consider some of the price hikes at Wal-Mart in past 5 years or so for same brand and same size products:
Razors $2.28 to $3.54
Chocolate covered Graham cracker cookies $0.88 to $1.09
Witch Hazel $0.88 to $1.30
bleach <$1 to $1.30
In other words you are out of your tree.
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I don't shop anywhere, my wife does. I usually don't want to go anywhere that is too crowded, and Wal-Mart fits into that category. However, studies have been done by people who are not Wal-Mart affiliated and it has been shown that families of four or more save anywhere from $900-1200 per year when shopping for groceries at Wal-Mart. I believe they did these studies in Tulsa (I am not anywhere near Tulsa).
I recently read the
Wal-Mart Effect, which was not necessarily kind towards Wal-Mart, and it was stated that inflation rates don't consider Wal-Mart prices. If they did consider the Wal-Mart prices then it would skew the rate lower than what iti sother places was what was found. Like them or not, they are cheaper than other places and for most families the savings do add up.
Your prices would only mean something if compared to price hikes for those same items at other places. Again, it has been shown that people do save money there. Not to mention, it only stands to reason that people save money there since they keep going back.
Interesting to note, the book claimed that Wal-Marts operate on a 3% profit margin on average. They make so much because of quantity of sales - not mark-ups. Check out the book yourself, maybe the author has some hidden bias, but I didn't see it. I thought he was unflattering towards Wal-Mart in most of their practices.