September 22, 2006

$4 Drugs: Target Joins Walmart's Bandwagon

Effective today, Target will follow Walmart's lead and offer $4 generic drug prescriptions in the Tampa Bay area, although it's not clear if Target intends on going nationwide with the program. Walmart has already announced that it will take the bargains into all its US stores, a step that CVS has dismissed as involving "older generics" that "represent less than 10 percent of the more than 3,000 unique generic products that we stock."

Meanwhile, pharmaceutical companies see Walmart's action as threatening, putting Walmart in the same battle trenches as the US Senate in the war against high drug prices.

What drugs are involved? Walmart provides an online list here.


Sources: TradingMarkets.com, Walmart.com, Canada's NationalPost.com.

September 21, 2006

Designer Fashion at Very Low Prices

Target may be considered the frontrunner to "affordable fashion": Isaac Mizrahi and Mossimo have had lines at Target stores for awhile now. This has been so successful that Target is increasing its designer fashion by offering ninety-day windows of opportunity to scarf up clothing, accessories, and shoes by the likes of Luella Bartley and Sophie Albou (Paul & Joe) in its GO International Collection.

This fall, Target spotlights Behnaz Sarafpour. Sarafpour is known for feminine designs, including flowing dresses each priced in excess of $2000.00. Her Target collection will offer jackets for under $80.00.

Kohl's has a deal with Vera Wang for a line called "Very Vera." Payless has entered the race with Laura Poretzky’s Abaeté line, to be sold as the "Abaeté for Payless" shoe collection.

Walmart is doing things a bit differently. Walmart is offering its Metro7 line, which imitates existing fashion lines. It's being taken seriously enough that Walmart partnered with ELLE magazine to open this year's NYC Fashion Week with a Metro7 show in Times Square. Walmart also formed a distinct marketing campaign for this "cheap chic" line to entice a fashion-conscious clientele that would otherwise distain shopping at its stores.

Walmart appears to be succeeding. Reports Samantha Smith of England's News & Observer, "some of the best items in the collections were the handbags and shoes. Both were surprisingly good copies of the trendiest looks around. Most notable were the oversized, slouchy bags in black, tan and white with tassels and faux gold hardware, and the faux patent leather pumps and chunky cork heels that looked remarkably like those by Christian Louboutin."

Shown above: Walmart's Lock Doctor Bag, sold online today for $12.00, regularly $17.50.


Sources: Target.com, Walmart.com, businessweek.com, Marketwire.com, CNN.com, MSNBC.com, Behnaz Sarafpour.com.

September 16, 2006

Kids Get Free Fun at Home Depot

On the first Saturday of each month at each and every HomeDepot store, free "How-To Clinics" are offered for kids ages 5-12, from 9:00 a.m. till noon. Kids must be accompanied by an adult.

What happens here? Cool stuff is made. From pre-fabricated kits, kids make toolboxes, stepstools, fire trucks, mail organizers, window birdhouses, bughouses, and frames - among other things.

Each child also receives an achievement pin and his own orange HomeDepot apron. There's no limit, either: you and your child can go every month, if you'd like.

For more info, see HomeDepot.Com.
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