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Kantar: Overall branded basket 4% less expensive at Walmart than Target
New York -- With an overall branded basket 4% less expensive than Target’s, Walmart assumes the strongest overall lead in Kantar Retail’s semi-annual pricing study since the study began in 2009.
While strategic price discounts on key items continue to be a cornerstone of Target’s price competitiveness, rather than everyday low prices, Target’s overall basket has not been lower than Walmart’s since the January 2011 iteration of this study.
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Walmex capital spending up
New York -- Wal-Mart de Mexico expects to spend up to $1.4 billion on investments in 2013. But the chain declined to discuss how many stores it will open.
The chain did say that it expects to increase total store space by 8% to 9% in Mexico and 6% in Central America this year.
"We think that the number of stores does not communicate much," said CEO Scot Rank in response to a question by an analyst, Reuters reported.