Walmart ending Savings Catcher price match program - MarketWatch

Walmart Inc. WMT, -1.00% is discontinuing its price-matching Savings Catcher program on May 14, which is the last day that shoppers can submit a Walmart Pay eReceipt for a reward. However, shoppers can hang on to that reward to spend online or in stores when they choose. "We are at our best when we deliver everyday low prices for our customers, and we've been focused on doing that through investments in price," the company said in a statement. "And customers are noticing - we've seen a significant reduction in usage and redemptions from Savings Catcher." Many participants in the UBS Consumer Retail Conference this month said that prices have increased due to the tariff war between the U.S. and China, and they won't be fully rolled back if the tariffs go away, analysts wrote in a March 8 note. Walmart was one of the participants in that conference. Still, the retail giant reasserted its commitment to low prices. "While the company has largely accomplished its aim to invest several billion dollars in price over the course of several years, that doesn't mean that Walmart is done investing in price," UBS wrote. "It's continuously looking for ways to take cost out of the business, and pass along savings to customers." UBS rates Walmart stock neutral. Walmart shares have gained 6.2% in Wednesday trading while the Dow Jones Industrial Average DJIA, -0.62% is up 10.4% for the period.

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