| Title | Walmart is Raising Prices Online to Increase in-Store Traffic | |
| Date | Friday November 17 2017, @12:13AM | |
| Author | martyb | |
| Topic | ||
| from the BrickAndMortar++ dept. | ||
Walmart is taking a bit of an nontraditional approach to boost sales ahead of Black Friday and Cyber Monday shopping events by raising prices for products sold online and discounting those same items in physical retail stores. According to The Wall Street Journal, the big-box store has quietly raised prices for household and food items such as toothbrushes, macaroni and cheese, and dog food on its website while the prices in stores remained the same. If there are price discrepancies between online and in-store purchases, Walmart will now highlight this on the product's web listing to encourage customers to buy them from their local stores.
It's all part of an effort to increase foot traffic as Walmart continues to compete with Amazon just about everywhere else.
[...] With the new pricing strategy, a twin-pack of Betty Crocker Hamburger Helper costs $3.30 on Walmart.com, but goes as low as $2.50 if purchased at a store in Illinois. The aim is to also help reduce processing costs and increase online sales margins, since driving customers to stores means less shipping costs for the retailer.
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printed from SoylentNews, Walmart is Raising Prices Online to Increase in-Store Traffic on 2024-04-25 10:05:35