Walmart said it is pleased with preliminary test results of “Savings Catcher,” a new ad match program.
“Results are every encouraging,” Andy Murray, Walmart’s SVP, creative, said in a presentation at The Path to Purchase Institute's ShopperSummit. “We’re seeing increased loyalty."
Customers who sign up via walmart.com/savingscatcher submit their receipt number either online or on a mobile device. Walmart uses a third party firm that searches competitor print and digital ads. If another store is advertising a lower price, the customer will get the difference on a Walmart gift card.
Savings Catcher can be used on in-store purchases of most groceries, paper goods, household cleaning products and health and beauty care items.
It is being tested in seven cities: Atlanta, Charlotte, Dallas, Huntsville, Ala.; Lexington, Ky.; Minneapolis and San Diego.
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