Fri Aug 09, 2013 at 04:08 AM PDT.
Walmart's 'Worst Nightmare' Competition Has Cashiers And Produce Clerks With $1 Million Pensions
byjames321Follow .
WinCo -- a low-cost grocery store chain from Idaho -- is being described as Walmart's 'worst nightmare' in a recent Time Article
Retail analysts say that the world’s biggest retailer has reason to fear a small grocery chain that’s based in Idaho and boasts a business model that allows it to undercut Walmart on prices.
So about that eye-catching Walmart quote. Those are the words of Burt Flickinger III, a widely respected supermarket retailing industry expert who works for the Strategic Resource Group. Flickinger was quoted in a recent Idaho Statesman story about WinCo, a chain of roughly 100 supermarkets in the western U.S., based in Boise.
“WinCo arguably may be the best retailer in the Western U.S.,” Flickinger says while touring a WinCo store. “WinCo is really unstoppable at this point,” he goes on. “They’re Walmart’s worst nightmare.”
Flickinger isn’t the only industry insider discussing WinCo and Walmart in the same breath. “While many supermarkets strive to keep within a few percentage points of Walmart Stores’ prices, WinCo Foods often undersells the massive discount chain,” the industry publication Supermarket News explained last spring.
This is a privately-held retailer (i.e. it does not answer to Wall Street shareholders) that is beating -- sometimes, crushing -- Walmart on prices. Remember, folks, Walmart stores are, generally speaking, dirty, understocked, understaffed and unpleasant places in which to shop -- Walmart only survives because it creates a perception among consumers that it has the lowest prices. WinCo, however, beats Walmart on price. That's part one of the nightmare.
SEE MORE AT LINK BELOW
http://www.dailykos.com/story/2013/08/09/1229983/-Walmart-s-Worst-Nightmare-Competition-Has-Cashiers-And-Produce-Clerks-With-1-Million-Pensions
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