Kantar study finds Walmart widens price lead over Target
Cambridge, Mass. — For the second consecutive time, Walmart’s overall branded basket registered as less expensive than Target’s, according to Kantar Retail’s semi-annual pricing study.
Though the baskets of the two retailers still closely contend, Walmart’s basket was less expensive, with the result driven primarily by the retailer’s edible grocery sub-basket. This is the widest lead that Walmart’s overall basket has had across the seven iterations of the study, and the first time since June 2009 that each of Walmart’s sub-baskets registered less expensive than Target’s.
“These results demonstrate the impact of Walmart’s basket EDLP strategy which has intensified since mid 2011,” said Leon Nicholas, senior VP with Kantar Retail and contributor to the study. “Suppliers will continue to feel heightened pressure to improve Walmart’s internal efficiencies if not through outright efforts from Walmart to get suppliers to “match” Walmart-funded price reductions.”
Walmart plans to further its downward pressure on price in an effort to widen this basket price gap, according to Nicholas.
Report: Home Depot rolling out PayPal chainwide
New York City — The Home Depot is expanding its use of PayPal, the online payment service of eBay, from the 51 stores in the pilot program to all of the home improvement retailer’s stores, Dow Jones Newswire reported.
Don Kingsborough, PayPal VP for retail and prepaid products, said PayPal should be available at all of Home Depot’s approximate 2,000 U.S. locations by the end of next month, according to the report.
"We’ve all been happy with the results and the number of adopters, and how quickly people who had PayPal accounts were able to migrate to use it in a Home Depot store," Kingsborough said in the report.
Safeway names president of Dominick’s
Pleasanton, Calif. — Safeway has named Brian Baer president of its Dominick’s Finer Foods division in the Chicago area.
Baer had been acting president of Dominick’s since last July when the previous president, Don Kperta, resigned.
Baer joined Safeway in 2001 as VP finance for the company’s Phoenix division. In 2008, he was appointed CFO at Dominick’s.