"You've Caught the NET!"

Here in and around Chicago, the tough economy is impacting everyone.  Wal-Mart and Target Stores have been offering discounted grocery products at their stores for some time now.  Chicago Grocery Chain Dominick's Foods has cut prices over the last year on roughly 5,000 items.

Now, as reported by David Street in Crain's Chicago Business, Chicago Market Leader Jewel-Osco, with 185 stores across the Chicago area,  is slashing prices on many items as much as 20% on thousands of items.  The Chicago Grocery Market is estimated at $12 Billion, and the Jewel Chain has recently losing market share to companies such as Wal-Mart, who often sell grocery items as much as 15% cheaper.

Many think the Jewel move will force competitor Dominick's, the second-largest Chicago chain with 85 stores across the Chicago Metro Area, to further discount their prices on similar items to compete.

Jewel's "Big Relief Price Cut" campaign will deeply discount product prices on items ranging from Hellman's Mayonnaise to Clari tin Allergy Tablets.  These price cuts will be longer lasting than traditional short-term price promotions and sale coupons.

Over the last decade, Wal-Mart has become the largest grocer in the U.S..  It allows its local stores to price match any advertised price of any competitor.

See our post today via BlogChicagoHomes.com.

DEAN & DEAN'S TEAM CHICAGO