Shop Talk

Retailers, consumers and prices

Check Out Line: Back to basics

January 2, 2009

PHILIPPINES/Check Out those price cuts.

While the holiday season celebrations have ended, shoppers are still bargain-hungry.  We haven’t seen major price cuts on hot items like the iPhone or Wii, though there does seem to be a trend brewing in bargain basics.

Here are just a few of the deals announced so far this week: 
Pennsylvania-based Weis Markets cut prices on thousands of items for 90 days at its 155 stores.
“With consumer confidence at an all-time low and the poor economy, we know that our customers are looking for long-term ways to save money,” said Weis Markets President David  Hepfinger.

Whole Foods, longing to shed the “Whole Paycheck” nickname, just issued its latest Whole Deal circular that includes tips such as how much different types of grains cost per serving. There are coupons too, for basics like frozen pizza and vitamins.

It isn’t just a U.S. phenomenon. Wal-Mart’s Asda, the No. 2 supermarket in Britain, is cutting prices on at least 1,000 items. Asda said it is selling 200 health and beauty products like shampoo and deodorant and 100 frozen food items for 1 pound ($1.46) each.

Also in the basket:

Japan shoppers grab lucky New Year bags amid gloom

India lets PepsiCo keep full ownership of local arm

John Lewis weekly sales surge, but seen short lived


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