5 ms·

> Is the price double what it is from other retailers? How does physically going to Target help with this?

by ikeboy 10y ago

Practicality 10y ago
If it's the same price as Target, then you know it is double the price of other retailers. Simple really.
- sk5t 10y ago
  Hmm? AFAIK Target sets prices and shopper experience just a smidgen or two higher than Walmart. Although perhaps there may be some localized differences, I have never known it to be the Whole Foods of big-box general merchandise.
  - Practicality 10y ago
    Probably a local phenomena. I've done some comparison shopping in my town and the price of most identical items at the Target here is +50% over the Walmart. Not 100%, but plenty overpriced. It's probably just because the locals don't want to be seen as "rednecks" for shopping at Walmart. (Of course there are plenty who don't mind, and I guess, better deal for them)
    - canes123456 10y ago
      Do you see that regularly? At least online, I never see target more than 15% more than walmart and usually about the same.
      - Practicality 10y ago
        Yes. I keep thinking/hoping it's a temporary thing. Target is on my commute and Walmart is about 5 miles out of the way. I would much rather go to Target but I can't justify spending that much more to save the 15 minutes (unless I am buying only a few cheap things, in which case it's worth it).
        ikeboy 10y ago
        Order from walmart.com? Above $49 you get free shipping.
  - nitelord 10y ago
    I notice my local Target regularly prices in-store items higher than their own online price, as much as 25% more. I've gotten them to price match without much hassle, but I'd rather shop at Walmart than have to deal with it.
    - hga 10y ago
      That's one of the single best things about Wal-Mart, they don't f* around with prices, "Everyday low price" is both a motto and a method (https://en.wikipedia.org/wiki/Everyday_low_price https://en.wikipedia.org/wiki/Everyday_low_price), which also helps them keep their prices low, since they aren't engaging in all sorts of frictions in marking prices up and down, advertising sales, etc. etc. Probably also helps keep their logistics sane, they only have to deal with the normal ebbs and flows of demand, not artificial demand created by sales, or lack of demand created by people waiting for the next sale.
freehunter 10y ago
Because Target's prices might not be 2x what other retailers are? I tried to buy some dishwasher detergent on Amazon recently because my local store is almost always out of the brand I like. It was $16/12oz on Amazon, versus $3.99/12oz at my local store. I assume that's what he's talking about.
- nommm-nommm 10y ago
  Amazon has done an amazing job of priming people to not comparison shop, just hit that buy button assuming that you're getting the best price. It's amazing.
  - redler 10y ago
    Good point. Turns out, the "prime" in "Amazon Prime" is a verb.
    - nommm-nommm 10y ago
      It really works on a lot of people I know. Always buying tons and tons of stuff because "Prime." It's like "buy," "buy," "buy" all the time. I just find it amazingly fascinating. Couple years ago. I was looking to buy a couple staples on Amazon once to spend enough for free shipping. I love Kraft Mac and cheese and it's a commodity item. Amazon was selling them for 3x the cost of the grocery store. Decided to check Walmart.com out of curiosity. They were normal grocery store price at Walmart.com, if you needed to order it online. I wonder if people actually think Kraft Mac and cheese actually costs that much. I also noticed that the price of many toys skyrockets during December. As an aside I've ordered Kraft Mac and cheese from jet.com at normal price since. Their prices and inventory change a lot though so you can't always get the same stuff and the same price. http://www.npr.org/2015/06/04/412046900/retailer-arbitrage-how-internet-middlemen-are-scaring-traditional-stores http://www.npr.org/2015/06/04/412046900/retailer-arbitrage-h... COHEN: So this is interesting. This is a Babies R Us 800 baby wipes. GOLDSTEIN: The wipes are in one of those displays out in the middle of the aisle. They're selling for $16.99. As the father of two young kids, I feel like I have some insight here. Baby stuff - I know how much baby stuff costs. COHEN: OK. Is this a good price? GOLDSTEIN: Not great. It's not great. COHEN: Seventeen bucks for 800 wipes? It's a value box. GOLDSTEIN: I mean, buy it if you want. I don't think there's a lot of margin in it for you. COHEN: I think you're wrong. GOLDSTEIN: Sam has brought along one of his employees, a guy named Jay Freiday, to help him with the shopping. Freiday pulls out his phone and looks up how much this $17 box of wipes is selling for on Amazon. JAY FREIDAY: This is currently selling for $46. GOLDSTEIN: Wait a minute. People are paying - what did you say? FREIDAY: $46. GOLDSTEIN: For 800 baby wipes? FREIDAY: Yeah. It's a lot? GOLDSTEIN: It's a lot.

> Is the price double what it is from other retailers? How does physically going to Target help with this?

by ikeboy 10y ago

> Is the price double what it is from other retailers? How does physically going to Target help with this?

Practicality 10y ago

If it's the same price as Target, then you know it is double the price of other retailers. Simple really.

sk5t 10y ago
Hmm? AFAIK Target sets prices and shopper experience just a smidgen or two higher than Walmart. Although perhaps there may be some localized differences, I have never known it to be the Whole Foods of big-box general merchandise.
- Practicality 10y ago
  Probably a local phenomena. I've done some comparison shopping in my town and the price of most identical items at the Target here is +50% over the Walmart. Not 100%, but plenty overpriced. It's probably just because the locals don't want to be seen as "rednecks" for shopping at Walmart. (Of course there are plenty who don't mind, and I guess, better deal for them)
  - canes123456 10y ago
    Do you see that regularly? At least online, I never see target more than 15% more than walmart and usually about the same.
    - Practicality 10y ago
      Yes. I keep thinking/hoping it's a temporary thing. Target is on my commute and Walmart is about 5 miles out of the way. I would much rather go to Target but I can't justify spending that much more to save the 15 minutes (unless I am buying only a few cheap things, in which case it's worth it).
      - ikeboy 10y ago
        Order from walmart.com? Above $49 you get free shipping.
- nitelord 10y ago
  I notice my local Target regularly prices in-store items higher than their own online price, as much as 25% more. I've gotten them to price match without much hassle, but I'd rather shop at Walmart than have to deal with it.
  - hga 10y ago
    That's one of the single best things about Wal-Mart, they don't f* around with prices, "Everyday low price" is both a motto and a method (https://en.wikipedia.org/wiki/Everyday_low_price https://en.wikipedia.org/wiki/Everyday_low_price), which also helps them keep their prices low, since they aren't engaging in all sorts of frictions in marking prices up and down, advertising sales, etc. etc. Probably also helps keep their logistics sane, they only have to deal with the normal ebbs and flows of demand, not artificial demand created by sales, or lack of demand created by people waiting for the next sale.

freehunter 10y ago

Because Target's prices might not be 2x what other retailers are? I tried to buy some dishwasher detergent on Amazon recently because my local store is almost always out of the brand I like. It was $16/12oz on Amazon, versus $3.99/12oz at my local store. I assume that's what he's talking about.

nommm-nommm 10y ago
Amazon has done an amazing job of priming people to not comparison shop, just hit that buy button assuming that you're getting the best price. It's amazing.
- redler 10y ago
  Good point. Turns out, the "prime" in "Amazon Prime" is a verb.
  - nommm-nommm 10y ago
    It really works on a lot of people I know. Always buying tons and tons of stuff because "Prime." It's like "buy," "buy," "buy" all the time. I just find it amazingly fascinating. Couple years ago. I was looking to buy a couple staples on Amazon once to spend enough for free shipping. I love Kraft Mac and cheese and it's a commodity item. Amazon was selling them for 3x the cost of the grocery store. Decided to check Walmart.com out of curiosity. They were normal grocery store price at Walmart.com, if you needed to order it online. I wonder if people actually think Kraft Mac and cheese actually costs that much. I also noticed that the price of many toys skyrockets during December. As an aside I've ordered Kraft Mac and cheese from jet.com at normal price since. Their prices and inventory change a lot though so you can't always get the same stuff and the same price. http://www.npr.org/2015/06/04/412046900/retailer-arbitrage-how-internet-middlemen-are-scaring-traditional-stores http://www.npr.org/2015/06/04/412046900/retailer-arbitrage-h... COHEN: So this is interesting. This is a Babies R Us 800 baby wipes. GOLDSTEIN: The wipes are in one of those displays out in the middle of the aisle. They're selling for $16.99. As the father of two young kids, I feel like I have some insight here. Baby stuff - I know how much baby stuff costs. COHEN: OK. Is this a good price? GOLDSTEIN: Not great. It's not great. COHEN: Seventeen bucks for 800 wipes? It's a value box. GOLDSTEIN: I mean, buy it if you want. I don't think there's a lot of margin in it for you. COHEN: I think you're wrong. GOLDSTEIN: Sam has brought along one of his employees, a guy named Jay Freiday, to help him with the shopping. Freiday pulls out his phone and looks up how much this $17 box of wipes is selling for on Amazon. JAY FREIDAY: This is currently selling for $46. GOLDSTEIN: Wait a minute. People are paying - what did you say? FREIDAY: $46. GOLDSTEIN: For 800 baby wipes? FREIDAY: Yeah. It's a lot? GOLDSTEIN: It's a lot.