Wal-Mart has long touted having the lowest prices and encourages consumers to compare its prices against competitors. Of course, this means shoppers have to check local ads and bring them to the cashier if they find a lower price. Now Wal-Mart is introducing the Wal-Mart Savings Catcher.
Charlotte is among the markets testing this new tool. It’s ideal for shoppers who cannot spend time checking competitor ads.
Here’s how it works: Shoppers create an account on Wal-Mart’s website. They then must enter receipts within seven days of their shopping trip. The tool searches the local area for the lowest price. Any savings are then loaded onto a Wal-Mart e-gift card.
There are a few restrictions. The tool will not compare prices for store-brand items or clothing or electronics, but will search prices on typical grocery items such as cereal, paper towels and toothpaste. Online purchases are not eligible for the Savings Catcher. BOGO items are not eligible nor are items that are at closeout or clearance prices.
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