Why Price Matching At Wal-Mart Might not be the Best Way to Go
Why Price Matching at Walmart not be the best way to go.
There are a few stores that offer competitive pricing; one of the methods that they use to do this is to allow buyers to “Price Match.” In case you are unfamiliar with this term, it means you simply take the competitors flyer to the store at which you want to shop, and that store if they offer a price match option will then give you the same item for the competitors advertised price.
Seems like a pretty great thing doesn’t it? So why shouldn’t we do this?
Well the store that is best known for its price matching is the Multi-conglomerate Wal-Mart. Now, it’s not to say that you should not shop at Wal-Mart, because they do in fact have some great deals, even more so now that many of them have expanded themselves into Wal-Mart Super Centers, but the reason that maybe you should think twice about price matching there is that it gives Wal-Mart even more of a monopoly then it already has, and it severely hurts many local businesses, even known stores like Shoppers Drug Mart, London Drugs, Food Basics and FreshCo can’t compete with Wal-marts prices because they simply do not buy their stock in such volume.
There are 6200 Wal-Mart stores worldwide with suppliers around the globe and many in China.
Unfortunately Wal-Mart isn’t all Smiley Faces, there are many reasons why one would choose not to shop there to begin with, and these problems will only get worse with continued shopping taking away revenue from the competitors via price matching.
Firstly, Wal-Mart does not pay its employees well, as such some of the staff are not the cheeriest, nor the most well educated when it comes to product specialization; if we continue to take business away from other local venues and come instead to Wal-Mart, that’s going to require more Wal-Marts’ to be built. This may seem like a good thing because jobs are created, but it’s not that black and white. The jobs that are created are usually filled by those who have lost their jobs due to being undersold by this company.
If you do not like to be in crowds, if the thought of lots of people flocking to one place scares you, if you’re embarrassed about what the person behind you in line will say when you throw down your stack of coupons for fear of being judged, maybe it’s better to avoid price matching all together, though Wal-Mart does offer this service, many of their staff as said before are not trained properly and as such do not know what to do in situations such as this and instead send you to customer service where you will find yourself waiting and waiting for a very minimal amount of savings.
And last but not least, even though there are many Wal-Mart locations; sometimes it’s not viable to visit them and it’s easier to get to your neighbourhood shops, with the current price of gas you have to factor in if it is worth it to drive across the city to save a few cents.
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With regards to the post about if shoppers drug mart ECT … are so hard up on money, why don’t they just lower their prices, as the article states, the reason that Wal-Mart is able to offer things at such a low price to begin with is because they outsource to China/India and other third world countries. Those stores in question offer lots of incentive such as optimum points to pull in potential buyers, or they even sell pop at the rate at which they purchase it so that they make nothing on it, in the hopes that the buyer will purchase other items whilst in the store shopping.
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There are also many local or Canadian owned companies that will price match. I much prefer to give my business to a company like Sears than to Walmart. At least I can get some information about the product I am looking for there.
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I forgot to add, to those who shop at Wal-Mart due to income. If you start really comparing prices to other stores, Wal-Mart isn’t the cheapest overall. There are several everyday items that are much more expensive at Wal-Mart then they are at other retailers. They are known for introducing products at a lower price and slowly increasing them bit by bit. Cream for coffee there is $1 more at wal-mart than it is at No Frills regularly. Milk is more expensive at Wal-Mart, same with bread, butter, flour etc. For non-grocery items, they are on average 10% higher than most drug stores on regular prices. Don’t be fooled.. they open stores with huge mark downs and after a couple months raise the prices bit by bit.
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I have to say that was a waste of time reading. Most people coupon & price match to save money. If places like shoppers drug mart are so hard up for business then first of all they should lower their prices! Why should I shop some where that is jacking up prices when almost every store around has the same for cheaper. Like one of the others said… coke is still coke no matter where you buy it.
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I don’t shop at Wal-mart, and haven’t for awhile. Many people choose not to shop there for many reason (some listed in the article), but mine is much simpler. I purchased a ceiling mounted heater to be used in my sunroom from Wal-Mart. When I returned home to set it up, I noticed that the CSA mark was a sticker, and was falling off. Me being the curious soul that I am, had to do some checking online. I found out that the sticker was fraudulent and that product was not in fact CSA approved. That brand was also known for fires due to faulty wiring. When I returned to Wal-Mart, and notified them, the woman at customer service actually said “not my problem”, so I asked for a manager. The manager said it’s out of his control and they’ll keep selling them until they are told otherwise. The manager also went on to say that how can he verify what I’m telling him is true, maybe I’m lying. That was it.. I refuse to give my money to a company that wouldn’t even look into it themselves, who treat customers so poorly and to top it off, sells fraudulent items that pose a huge safety risk.
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Who cares Joseph Harris. We all make mistakes. I know the difference but didn’t even notice as I was reading through the story. I had to go back through it to find what you were talking about. Why do people feel the need to point out someone’s mistakes when clearly it doesn’t matter. After all, this isn’t a test
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I love price matching at walmart, I buy 90% of my grocieries there, the rest at shoppers drug mart!!! I go to through the express lane so that I don’t ever have a line up behind me with all my coupons and flyers…sorry..I can’t spend hours going to every store in town for their “sale” item, I have 3 kids!!
Can’t wait for Target!!!
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WalMart is a necessary evil in my life. Unfortunately, I’m low income, and its inexpensive to shop at WalMart. Hopefully this will be righted with Target being introduced in Canada.
As for “buying locally”, my theory on that is regardless where you buy your can of Coke from, its still a can of Coke and Coca-Cola gets the money.
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Still can’t tell the difference between “your” and “you’re?” Sad.
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I will probably still shop at walmart :(
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I’ll be honest. The only reason I shop at Walmart is because I work there, I get a discount, and when going home I pass no other stores. On a day I’m in the city for shopping and not work I usally avoid it.
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