Our Total Walmart basket remained relatively flat to the prior week although our category baskets showed some sequential movement. Indeed, slight sequential price increases in our Food and Pet baskets were largely offset by price decreases in our HPC basket. The individual companies with the most movement from last week were Mondelez on the positive side (+0.2%) with Nilla Wafers increasing approximately 1% and Clorox on the negative side (-0.1%) with Fresh Scent Cat Litter decreasing roughly 1%. On a y/y basis, Walmart’s National Basket remains up (+0.8%), Food remains deflationary (-0.8%), and HPC and Pet baskets are inflationary (+1.8% and +5.2%, respectively).
Search Coverage List, Models & Reports
Search Results1-10 out of 418
Topics this weekend…
A to Z – 1) Amazon ups the ante with Prime Day this year as it looks to highlight its Prime membership offering during the two-day event, and 2) Amazon to retrain 100,000 workers to keep up with new tech changes.
Walmart’s World – Walmart continues to expand its rollout of NextDay to better compete
Quote of the Week – Pepsi (PEP, Not Covered) CEO, Ramon Laguarta on pricing and category trends
Topics this week…
Hardline Happenings – Hardline Retailers have outperformed Staples Retailers in a declining rate environment, and we expect this to continue
A to Z – Prime Day’s focus at Whole Foods appears to be on food outside of produce
Quote of the Week – General Mills (GIS, Not Covered) Group President – Pet Segment, Billy Bishop, on Blue Buffalo’s expansion into FDM
Our Food basket appears to be stabilizing after declining over the last several months. Indeed, our Food basket at Walmart has now held flat for the third week in a row after declining from its 2019 high reached in mid-March. Our Total Walmart basket is mostly flat to the prior week as well with HPC and Food unchanged while Pet is up very slightly from last week. The Pet basket is up due to price increases on Nestle’s Purina Dog Food which began last week although this is mostly offset due to slight price declines on other items in the basket. On a y/y basis, Walmart’s National Basket remains up y/y (+0.8%), Food remains deflationary (-0.8%), and HPC and Pet baskets are inflationary (+1.8% and +5.1%, respectively).
Topics this week…
Consumables Corner – 1) The golden age of private label continues to grow, and 2) Longer-term structural threats to the Food Retail industry persist
Quote of the Week – AMZN is aggressively pushing Whole Foods through Prime Day promotions now through July 16th (the second and last day of Prime Day this year)
Indeed, our Walmart basket is off from its peak reached 11 weeks ago largely driven by price decreases in the Food basket. On a sequential basis, MDLZ Chips Ahoy continued its national price increase from $2.98 two weeks ago, but what is most interesting is how Walmart implemented the price increase nationally to $3.56, but partially offset by price decreases to $2.72 in Ohio, Dallas, and the Tri-State Area (pictured in the full report). On a y/y basis, Walmart’s National Basket remains up y/y (+0.8%), Food remains deflationary (-0.7%), and HPC and Pet baskets are inflationary (+1.8% and +5.2%, respectively).
In case you missed it, on Thursday we sent out our monthly Notes from the Road report and Shots from the Shelf Video Brief and Presentation where we highlight trends we have been seeing on the ground during our store visits around the country. Topics include the continued pressure facing CPG from Private Label and our view on Walmart's current pricing trends. We also go over other topics including the United Natural Foods and Amazon relationship, the difficulties facing the pharmacy business for grocers, Home Depot's drive for efficiencies, Best Buy's Outlet areas of the store, and Amazon's expansion of pick-up/drop-off locations with Kohl's and now Rite Aid. Given it is summer, we used popular summer movie quotes in the presentation to draw out the point of each slide…see if you can get all the movies that are quoted.
While our latest pricing survey results show that in-home consumables price inflation is running at about 1% year-over-year, basically in line with recent CPI food-at-home data from the government, companies are likely sweating under the heat of the competitive climate nonetheless. Indeed, our surveys also reveal a recent price shift down at Walmart and a hot promotional climate in fresh foods. Not to rain on the CPG parade, we are also noticing a widening of the price discount between private label and branded. Bringing it all together, the chances of it being a cruel summer for the in-home consumables industry are increasing.
Topics this week…
Consumables Corner – Boston pricing survey results show competition is heating up.
Walmart’s World (in pics) – The Good, The Bad and The Ugly.
Hardline Happenings – Best Buy is pushing hard to solidify its role as the go to place for 5G essentials.
A to Z – 1) Amazon Business begins to sell professional-use beauty products directly to licensed beauty-industry professionals 2) Amazon announces its 5th iteration of Prime Day expanding to 48 hours from 36 hours
Quote of the Week – Stuart Miller, Executive Chairman, Lennar Corporation (LEN, Not Covered) on the current state of the housing market
- 1 of 42
- next →