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08/01/2016
Organic groceries discount at Walmart Canada
In a move that could hold big implications for Canada’s multibillion-dollar organic food industry, Walmart Canada has quietly launched a new lineup of organic products under its Great Value store brand. According to Global News, experts say the move bolsters Walmart’s fast-growing grocery business as well as capitalizes on shifting consumer tastes. Shoppers also stand to gain through Walmart pricing for products that typically come at a premium cost.
It’s a shift Walmart has undertaken in the United States, where the world’s largest retailer began selling in 2014 a collection of pantry staples under the Wild Oats organic brand at prices that were 25 per cent lower than comparable products. Experts suggest the move will pressure Canada’s conventional grocers – like Loblaw, Sobeys, Metro and Safeway – to not only bolster their organics offering at their discount banners which compete directly with Walmart for supermarket customers, but also address pricing on competing products.
According to the Canada Organic Trade Association, the domestic organic industry sells about $4 billion in sales through private label organic foods through major grocers. Roughly 40 per cent of those sales are fresh fruits and vegetables, the rest being centre of store goods like the new Walmart products.
Source: http://organic-market.info
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