business news in context, analysis with attitude

• The South Florida Business Journal reports that Walmart "is is making a push in South Florida with planned expansions and new stores, especially in urban areas of Miami-Dade County." These efforts, the story says, will cost Walmart an estimated $350 million over the next two years, as the retailer attempts to move up from its number three position among area grocers, behind Publix and Winn-Dixie.

Crain's Chicago Business reports that a new price comparison tool on Walmart's website, allowing people to compare receipts from Walmart's competitors with prices available at the discounter on the same items, can be a little "clunky" and inaccurate - though the general agreement seems to be that it is the right moment for Walmart to exploit the perceived weakness of both Jewel and Dominick's.

“Using actual individual receipts is a unique spin on price-comparison ads,” Bill Wunner, who runs an Atlanta-based website, Coupons in the News, tells the paper. "This is a very gutsy move by Wal-Mart, considering it runs the risk of showing some customers that they might actually have spent more at Walmart."
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