Walmart’s “low prices” are beating Target’s “cheap chic,” said Ben Steverman in BusinessWeek, at least in this recession. Both of the “fiercely competitive” chains benefitted from consumers “trading down,” but Walmart “clearly won out in the past year” in terms of customer traffic and sales. The “crucial question,” of course, is what happens next? And as the economy recovers, things are looking brighter for Target and its “more pleasant” stores.
So long as “the ‘frugalista’ has replaced the ‘fashionista’ in Americans’ recessionary mind-set,” said Jackie Crosby in the Minneapolis Star Tribune, prices are king. And one of the “rays of hope” for Target is that it believes customers are starting to see that its prices are “as good or better” than Walmart’s.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Will Republicans tax the rich?Today's Big Question Trump is waffling on the possibility of taxing wealthy earners
-
Slovenia is ready for its moment in the travel spotlightThe Week Recommends Mountains, lakes, caves and coastline await
-
Trump seeks to cut drug prices via executive orderspeed read The president's order tells pharmaceutical companies to lower prescription drug prices, but it will likely be thrown out by the courts
