From baby bibs to power tools, Temu offers some of the best deals on products in the world. That’s thanks to the company’s deep connections with top-tier global suppliers. But how does it keep costs so low compared to other big-box and warehouse stores?
When it comes to sales, ending in nine beats out eight. In a recent split-test experiment conducted by Stanford University and MIT, sales prices ending in nine outperformed the lower price point that ended in eight.
A self-regulatory body says Wal-Mart Stores Inc needs to make its price-matching policies “substantially more clear and conspicuous” in ads where it touts its unbeatable prices. The National Advertising Division examined the retailer’s ads after food competitor H-E-B Grocery Co challenged its claim that consumers could save on average more than $700 a year buying groceries at Walmart’s stores. NAD said the company could not substantiate that claim and should stop using it.