Cleaning supply company picked up by Walmart
Black Diamond Stoneworks’ cleaning products are coming to the shelves of Walmart, according to the San Clemente, Calif.-based company.
Black Diamond Stoneworks manufactures products to clean and seal natural stone surfaces, maintain and restore wood and laminate floors, remove spots and traffic areas on carpets, and eliminate unwanted pet and human odors.
Two of the company’s most popular products are Black Diamond Granite Plus! Cleaner & Sealer and Black Diamond Stoneworks’ Wood & Laminate Floor Cleaner with PS3. Both will be sold through Walmart.
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Online retailer pushes free shipping
Online retailer Kitchens On Clearance announced a new program offering free shipping on all orders over $2,500.
Kitchens on Clearance is an online retailer of discounted solid wood cabinets, as well as granite, knobs and other accessories used in kitchen remodeling projects.
The Miami, Fla.-based company, on the Web at KitchensOnClearace.com, says it provides full-service remodeling and renovation projects.
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Lowe’s CEO embraces dead-net pricing
One of the ways Lowe’s says its competing in the price wars — especially with Internet retailers — is a merchant mind-set of “dead net pricing.”
Speaking at the UBS Global Consumer Conference Wednesday, Lowe’s CEO Robert Niblock described his company’s improvements in the price wars.
“In 2010, late 2010, 2011, we did some pricing work. And we determined that our pricing had gotten out of line with where it need to be from a competitive standpoint. So we then took some pricing actions later in 2011 and a year later in all of our competitive shops, so those big-box competitors, we’re at price parity, which is where we want to be,” he said.
Responding to a question about investing in the retailer’s price position, Niblock introduced the term “dead net pricing” during the line review process as a merchant strategy to keep prices low.
“I think one of the things that will likely help there when you think about our merchants now as they go through the line review process, they’re really going to more dead net pricing,” he said.
He described this term thus: “That’s the price perception in their mind that they’re gauging their margin off of.” It differs from the previous approach of “having a price from a vendor and having other holdback allowances that were utilized for other promotions and those types of things,” he said.
Niblock stressed that Lowe’s intends to be price competitive, whether the competitor is another store or an online retailer.
They talk about internet
They talk about internet pricing.I work for Lowes and the search engine is so bad that nobody can find anything to buy.