Walmart and Target Announce Great News for Minnesota Shoppers
Do you like shopping at Walmart or Target more? While many people might favor the trendier, Minnesota-based Target, the numbers show that Walmart is definitely the top retail brand. You'll be excited about the changes being made, no matter which store you prefer.
Target reports that over 30 million people shop at their stores each week, and they have about 2,000 locations in the U.S. In comparison, Walmart has nearly five times as many stores and sees 37 million customers every day, according to Demand Sage.
Average Time People Spend In Walmart And Target
I rarely go to a store to browse. I like to get in, get what I need, and get out. I have never timed myself, but I'd bet a paycheck that I don't spend anywhere near the amount of time that most shoppers do.
A new report shows the average Walmart shopper spends 31.8 minutes browsing the aisles. Target shoppers are a little quicker only spending 28.7 minutes shopping.
Just a heads-up: if you want to avoid the crowds and get the best selection, Tuesdays are the best day to shop.
Walmart and Target Announce Great News for Minnesota Shoppers
Walmart has cut prices on more than 7,000 products. According to Axios, this is being done to "maintain what it calls "competitive price gaps" with its rivals."
Meanwhile, Target has discounted more than 5,000 products. In an article published by Yahoo Finance, Joseph Feldman, an analyst at Telsey Advisory Group, said the strategy is working: “Consumers are showing resiliency as they continue to search for value and focus on essentials, while selectively spending on discretionary items.”
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Gallery Credit: Emily