Quote:
Originally Posted by canprime
I don't know where people are getting their info, but Target isn't going to be charging "Zellers" type pricing. Zellers overcharged by a lot in the last few years. So much more than Walmart. Target has a practice in the US, that I'm sure will be brought up hear of staying as close to Walmart as possible in pricing.
On the flipside, Walmart has a policy of being the lowest price, even if it is only by a couple of pennies.
So far from what I have seen, that is going to be the case up here as well.
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Well if you read any thread on Target you'll see everyone complain that they are overpriced. An example would be the Alpha bike..Its $14 at Walmart while 21.99 at Target ( in the USA) And if you search online you'll see a news story where they price checked the first 3 Targets that have opened up here and they were pretty much higher on everything.A toy example used was the game Monopoly..its 12.00 at Walmart Canada/12.34 at Target USA and 19.59 at Target Canada.They'll mark things down for sales of course and it will be great to get the Target exclusives. I'm hoping they do try to fight Walmart but seeing these first few stores doesn't make me hopeful.
Zellers cut out the price matching and started going price crazy at the end because HBC ( The Bay) wanted to make as much money as possible before selling it off. Zellers wasn't a failure..Im not sure if people think it was sold because it was doing poorly but it wasn't...it was number 2 behind Walmart which isn't exactly a bad thing. Thats why Target bought Zellers.. in the end the US firm that owns The Bay, Fields(now closed), home Outfitters and Zellers paid 700 million for the lot and sold just the Zellers leases for 1.8 billion. not a bad profit.
The thing I'll miss the most about Zellers is the after Xmas clearance sales...70-80% off. Got a lot of great deals
