Arab Today, arab today walmart launches priceslashing organic foods
Last Updated : GMT 01:54:12
Arab Today, arab today
Arab Today, arab today

Wal-Mart launches price-slashing organic foods

Arab Today, arab today

Arab Today, arab today Wal-Mart launches price-slashing organic foods

New York - AFP

Wal-Mart announced Thursday a deal with organic foods pioneer Wild Oats to sell discounted organic products in its US stores, a move expected to shake up the booming sector. "We know our customers are interested in purchasing organic products and, traditionally, those customers have had to pay more," Jack Sinclair, executive vice president of grocery at Walmart US, said in a statement. "We are changing that and creating a new price position for organic groceries that increases access. This is part of our ongoing effort to use our scale to deliver quality, affordable groceries to our customers." Wal-Mart, known by its brand Walmart, said its internal research found that 91 percent of its shoppers would consider purchasing products from an "affordable" organic brand at the retailer. The company sells groceries at more than 4,000 discount stores across the United States. Wal-Mart said it is teaming up with Wild Oats, the trailblazing firm that launched its brand in 1987, to give customers a lower-cost organic option. "Wild Oats will relaunch at Walmart starting this month with a new, more affordable price point on quality products covering a broad variety of categories -- from salsa and pasta sauce to quinoa and chicken broth. "Customers will save 25 percent or more when comparing Wild Oats to national brand organic products," the Bentonville, Arkansas-based company said. For instance, Wal-Mart said a six-ounce (18-centiliter) can of Wild Oats Marketplace Organic tomato paste will cost 58 cents, instead of 98 cents for a comparable organic product. Thirty-two ounces (95 centiliters) of chicken broth will be priced at $1.98, compared with $3.47 for its rival. Wal-Mart did not disclose the financial terms of the deal. Wild Oats's organic products are certified organic by the US Department of Agriculture. The world's largest retailer and the biggest US grocer would capitalize on the growing organic foods trend in the United States that has seen mainstream supermarket chains such as Albertson's and Safeway stocking organic products and specialty grocers like Whole Foods Market and Trader Joe's benefiting from their focus on healthy foods. Wal-Mart's disruptive move into organic foods comes as the company faces falling same-store sales in the US, its biggest market. Douglas McIntyre, an analyst at 24/7 Wall St., said Wal-Mart needs to find more lines of products to appeal to its traditional base of price-conscious lower- and middle-class shoppers. "The deal with Wild Oats deal is a step in that direction," he said. Shares in Dow member Wal-Mart were down 0.4 percent at $77.64 in midday trade in New York.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart launches priceslashing organic foods Arab Today, arab today walmart launches priceslashing organic foods

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart launches priceslashing organic foods Arab Today, arab today walmart launches priceslashing organic foods

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday