RETAIL VIEW: Fresh & Easy finding success with value pricing
RETAIL VIEW: Fresh & Easy finding success with value pricing
Borrowing the line once used by a famous Arkansas resident, former Arkansas retailer Bruce Peterson said, "It's the economy, stupid!" when asked to comment on the recent trend of value pricing that is proliferating in retail produce departments these days. Mr. Peterson, who currently is on the board of directors of Naturipe Farms, launched Walmart's fresh produce division and ran that operation for the better part of two decades. He said that value pricing is not new, but it is a trend. "All retailers are trying to find a way to enhance their price image, given the current economic environment