Brand new original replacement part.
Here you can find all about Samsung LN32B460b2D, for example manual and review. You can also write a review. [ Report abuse or wrong photo | Share your Samsung LN32B460b2D photo ]
Samsung LN32B460b2D, size: 13.1 MB
Samsung LN32B460b2d Safety Guide (ver.1.0)
Samsung LN32B460b2d Quick Guide (ver.1.0)
User reviews and opinions
No opinions have been provided. Be the first and add a new opinion/review.
STATE OF ALABAMA - DEPARTMENT OF FINANCE - DIVISION OF PURCHASING **** PLEASE NOTE: THE FOLLOWING IS FOR INFORMATION ONLY AND DOES NOT INDICATE AN AWARD. RESPONSES TO "INVITATION TO BID" DATE PRINTED: 02/26/10 SOLICITATION NBR: 2216670 BUYER: LINE NBR 00001 PAT ANTLE TV'S FOR CHEAHA STATE PARK034628 ****
BID OPENING DATE: 02/24/10 U/M EA EA HL32D1 EA P/N HL32D1 EA L32W961 EA 32AV502R EA HL320D1 $ $ $ $ $ 98.00000 340.00000 342.60000 360.12000 372.37000 395.00000 395.01000 395.52000 395.95000 400.00000 403.88000 UNIT PRICE / PERCENT
COMM NUMBER 840-60-075244
COMM DESC / VENDOR NAME / VENDOR TEXT TELEVISION, LCD 32", HDTV, FLAT-PANEL SCREEN. APRISA TECHNOLOGY LLC BRAND: HAIER AMERICA OM OFFICE SUPPLY INC BRAND: HAIER AMERICA COMPUSA B2B BRAND: AOC CUSTOM COMPUTER SPECIALISTS BRAND: TOSHIBA DATASPAN BRAND: HAIER ALMO DISTRIBUTING BRAND: PHILIPS COMPULAN CENTER BRAND: ID VIEW CAMCOR INC BRAND: SONY LONG'S ELECTRONICS INC BRAND: ORION MODEL: MODEL: MODEL: MODEL: MODEL: MODEL: MODEL: MODEL: MODEL:
EA $ 32PFL353504D EA IV-DTV 3200 EA KDL-32BX300 EA HDLCD3212 EA HL32D2 EA L32W961 EA LN32B360 EA KDL32BX300 EA KDL32504 EA LN32B460 $ $ $ $ $
STARVISION SATELLITE TECH INC BRAND: HAIER AMERICA MODEL: Y & S TECHNOLOGIES BRAND: AOC SEE BID BUSINESS SERVICES BRAND: SAMSUNG SOUTHERN ELECTRONICS CORP BRAND: SONY BUSINESS SERVICES BRAND: SONY CAMCOR INC BRAND: SAMSUNG MODEL:
$ $ $ $
404.98000 420.00000 438.98000 448.50000
MODEL: MODEL: MODEL: MODEL:
SUPPLIES NOW BRAND: VIZIO A V M ENTERPRISES INC BRAND: LG SOFTNET SOLUTIONS BRAND: SAMSONG JIMMY HICKS BRAND: SONY TI BROADCAST SOLUTIONS GROUP BRAND: SAMSUNG VIBEZ ENTERTAINMENT TECH CO BRAND: SONY TI BROADCAST SOLUTIONS GROUP BRAND: SONY SICS CONSULTANTS LLC BRAND:
MODEL: MODEL: MODEL: MODEL: MODEL: MODEL: MODEL: MODEL:
EA VO320E EA 32LH200C EA LN32B460 EA KDL32L504
460.35000 462.00000 469.00000 475.00000
EA $ 490.22000 LN32B460B2D/VPE2999 EA KDL32EX400 EA KD32S5100/9 EA $ $ $ 502.66000 521.98000 530.30000
To this last point, Wal-Mart does not put large shelf tags on all of its electronic products. The lack of shelf information, in-store help and knowledgeable staff make it difficult for consumers, particularly low-income consumers and less tech savvy consumers, to make informed decisions when buying electronic products, particularly as these products have become increasing more complex and technical in nature. If more consumer information were made
available, Wal-Mart consumers would be better able to compare products and prices, facilitating better buying decisions. That, in turn, would allow consumers to find better deals and save on their purchases.
In summary, this research finds that consumer electronic shoppers need to do their homework and carefully compare prices. While many consumers, particularly lower income consumers, believe that Wal-Mart has lower prices, the reality is that Wal-Marts consumer electronics products are priced about the same as Best Buys products. Additionally, because consumers require more information to make informed decisions on the purchase of electronic equipment, consumers may in many instances receive a better overall value by purchasing from a full-service retailer. As we edge toward the holiday season, these preliminary results amplify for consumers the importance of comparative shopping before making a purchase.
There is a general belief that big box stores provide consumers with potentially lower prices than their smaller counterparts, possibly the result of volume discounting and greater efficiencies. This notion is supported by survey research which found that 97% of consumers have shopped in big box stores and 86% of them cite lower prices as the reason.4 Most notable among the big box stores is Wal-Mart, the worlds largest retailer. The perception is that WalMart, perhaps though its economies of scale and scope or its effective branding, is well-regarded as the low-priced provider of retail goods to consumers. And, while Wal-Mart may well be lowpriced in many cases, the chain offers such a wide sundry of products including prescriptions, apparel, toys, health and beauty aids, small appliances, food, hardware, and household goods that it seems expedient to generalize that Wal-Mart is, across-the-board, the lower-priced retailer. While it may be the case that Wal-Mart offers the lowest prices for some products, it does not do so for all product categories.
The Circuit City and Tweeter has retailers looking to gain market share by offering more attractive pricing and finding ways to bring consumers into their stores. Best Buy and Wal-Mart, currently the two largest retailers in the consumer electronics market and the focus of this study, are aggressively fighting for these consumers. For its part, Wal-Mart has expanded its electronics product line, widening aisles, and adding new displays.5 Meanwhile, Best Buy has responded by airing ads that point to an experienced sales staff and wider selection of products.
The average American household owns 23 consumer electronic products and has spent over $1,200 in last twelve months.6 During this holiday season, 80% of consumers plan to buy consumer electronics for themselves or as a gift for others.7 Retail electronic price competition remains intense, with quality adjusted prices generally declining due to innovation, technical
American Consumer Institute Survey Finds Consumers Prefer Shopping at Larger Stores and Wholesale Clubs News Release, American Consumer Institute, April 13, 2006. 5 Best Buy Gives up Market Share to Wal-Mart, Retailer Daily, June 3, 2009, www.retailerdaily.com. 6 Data provided by the Consumer Electronics Association, Arlington, VA., www.ce.org. 7 The 16th Annual CE Holiday Purchase Pattern Study, the Consumer Electronics Association, October 2009.
change, and market rivalry. In addition, and in light of the slow economy, retail electronics may become a bright spot for consumers looking to save on their purchases this holiday season. According to seasonally adjusted figures from the Bureau of Labor Statistics Consumer Price Index, prices from September 2008 to September 2009 fell by 1.3%. However, during the same time period, consumer prices for electronic goods fell much faster, with photographic equipment, other video equipment and television prices falling by 3.6%, 10.15% and 27.1%, respectively. As the economy begins to recover from the current recession, the combination of low retail prices and rebounding discretionary income will provide savings opportunities for consumers as we approach the years end. The key is for consumers to take advantage of this heightened rivalry and favorable retail electronic prices through comparative shopping.
However, price comparisons for electronic goods can be difficult and very confusing to make, as shoppers assimilate technical specifications in industry jargon and subtle quality differences in products. To better understand how consumers deal with this complexity, this report surveys consumers as to what they see as important factors when shopping for consumer electronics, such as higher product quality and more affordable prices. This report will analyze the consumer dynamics between Best Buy and Wal-Mart: first, by surveying consumers on their opinions of what is most important to them and which firm Best Buy vs. Wal-Mart better meets their needs for electronic products; and second, by actually comparing the prices of these firms to test if consumer perceptions match reality. In effect, does Wal-Mart have lower consumer electronic prices, as some may believe?
Consumer Perceptions and Preferences
In evaluating what attributes consumers take into account when considering electronic products and their preference of retail providers, a nationwide telephone survey of consumer opinions was conducted.8 The survey covered a 13-day span, beginning on August 27th and ending on September 8th, 2009. Respondents were limited to those 18 years of age or older, and prospective respondents were screened for those having shopped at both Best Buy and Wal-Mart. In other words, consumers that only shop at Best Buy or only Wal-Mart were excluded from the survey, since it was felt that shopping experience in both stores was necessary to make informed
The survey questions are listed in Appendix I of this report.
judgments about these stores. After finding consumers who had shopped in both shores, a trained interviewing staff at the Research Network completed 1,050 household interviews, targeting every state and the District of Columbia. A list-assisted sampling method was used to develop the random-digit dial sample.9 The overall response rate for this research was 31.7%.10 Cases of unknown eligibility, such as answering machines, busy signals, no answer, and known ineligibility, such as disconnected numbers, businesses, and fax numbers, were excluded from this calculation as recommended by the American Association for Public Opinion Research.11 Additionally, a fivecallback rule before substitution was implemented for records of unknown eligibility.12
Several measures were taken to increase the response rate and the completion rate in this study. Those who initially refused were contacted again later and asked to complete the survey. Household respondents that continued to refuse were later contacted by a supervisor and encouraged to participate. Of those beginning the survey, 96.2% completed the interview. Only 3.8% of those beginning the survey finished less than 100% of the questions, resulting in 41 partial-completes. The results have an error rate of plus or minus 3 percentage points, in the worst case.13
The Importance of Quality and Price
Figure 3: Who Thinks Wal-Mart Has The Lowest Prices?
Low Income Households Do
80% 75% 70% 65% 60% 55% 50% 45% 40% 35% 30% <$25K $25K-$49K $50K$100K >$100K
Consumers with Lower Incomes
Similarly, as shown in Figure 4, as household income increases so does support for Best Buy as best overall.
Figure 4: Who Thinks Wal-Mart and Best Buy Have the Best Combination of Price, Quality and Service?
Consumers Selecting Wal-Mart
35% 30% 25% 20% 15% 10% 5% 0% <$25K $25K$49K $50K$74K $75K$100K >$100K
Consumers Selecting Best Buy
Note: The figures show the percent distribution of Wal-Mart shoppers by income group and the percent distribution of Best Buy shoppers by income group. Both distributions total to 100%.
Along similar lines and as shown in Figure 5, as consumers who spend more on consumer electronic products, they are less likely to believe that Wal-Mart has lower prices. This may well reflect the correlation between income and retail electronic spending, but it may also reflect something about the nature of some Wal-Mart shoppers and their perceptions of which store is lower priced. Consumers that spend less and buy few electronic products may be less inclined to shop around, have less experience in buying electronic products and rely more on the perception of who offers lower priced products.
Figure 5: Who Thinks Wal-Mart Has The Lowest Prices?
Average Consumer Electronic Spending
70% 65% 60% 55% 50% 45% 40% 35% 30% <$300 $300-$1,000 $1,000-$2,000 >$2,000
If we think of electronic savvy consumers as those with more experience with shopping for electronics, comparing prices and models between stores, wanting technical details of products and buying more (and spending more) on electronics, these more inquisitive shoppers may better fit Best Buys customers, since they spend more on electronic goods, have a higher rank for Best Buy and believe that having access to a more knowledgeable staff is very important. On the other hand, if less savvy customers have less experience shopping, rely on perception and spend less in total on electronics, these shoppers may better fit Wal-Marts customers. This raises the question of whether or not Wal-Mart is truly low priced or whether
consumers are making less informed decisions, when simply comparing prices could provide the biggest savings to them.
In summary, despite the majority of consumers preferring Best Buy in terms of the combination of quality, price, knowledgeable staff and other factors, the majority of consumers believe that Wal-Mart has lower prices, consistent with its highly successful branding and publicizing of rollback prices. Is it perception or reality?
The Perception of Lowest Prices
While most surveyed consumers believe that Wal-Mart has lower prices than Best Buy, and this may be the case, it may also reflect a number of factors that have contributed to such an belief: 1) selling inexpensive off-brand products that may or may not meet the same quality of standards of products sold elsewhere, or spec buying where a manufacturer produces a brand solely for sale by the retailer, making identical comparisons between stores impossible; 2) selling the lowest quality model of a manufacturers product line; 3) lack of post-sale services; and 4) providing inadequate information to help the consumer make informed comparison of products. These issues and techniques may provide Wal-Mart and other stores with an appearance of lower priced goods, while making it harder for consumers to match identical products from one store to another. If identical products cannot be easily found, then prices cannot be directly compared.
1. Off-Brand and Spec Buying All stores tend to have a few models and brands that other stores do not have, and for electronic goods, Wal-Mart and Best Buy are no exceptions. For example, Best Buy offers a presumed higher-quality private label lineup called Insignia, while Wal-Mart may carry just one HDTV set produced by Element and another set by Emerson. These flat panel TVs are priced lower than the head-to-head brands that Best Buy and Wal-Mart offer, such as Samsung and Sony HDTVs. A flat screen TV for less than $199 at Wal-Mart may not be identical to any TV offered at Best Buy (despite its wider selection and range of quality). How do you compare prices if Wal-Marts P&F USA HDTV is not sold at Best Buy? The prevalence of different brands and off-brands makes it nearly impossible for customers to compare products, particularly if there are substantial quality differences.
Another way that retailers differentiate their products is to strike a deal with a manufacturer to produce a product that has unique specifications (and a unique model number), which the retailer will purchase at a favorable price in high volume. While all retailers can and may do spec buying, Wal-Mart, due to its size and potential economies of scale, can get manufacturers to make a deal to produce electronic equipment unique to Wal-Mart, giving it a potential advantage that other retailers cannot match. For instance, Wal-Marts introduction of an HP $298 laptop (model number CQ50-139WM)15 with attractive specifications for a low-end model is likely a product designed just for Wal-Mart by HP. Similarly, Best Buy sells an HP printer (model C335) that looks identical to one sold at Costco (model C336), except one printer includes a USB cord and the other does not. Other manufacturers, such as ACER, may produce spec products as well. So, the practice may be common and, while there are certainly the potential for savings for consumers, consumers need to be careful to understand how seemingly similar products are not necessarily identical between stores.
Consider the Blu-Ray 1080p DVD players sold at Best Buy and Wal-Mart. The specifications for Wal-Marts product (Samsung model DB-P1590 with a manufacturers suggested retail price of $249.99) look identical to Best Buyers presumably newer model (Samsung model DB-P1600 with a suggested manufacturers retail price of $299.99). However, while we estimate that Best Buy discounts its Blu-Ray player by $70 off the manufacturers suggested retail price and Wal-Mart discounts its player by only $32, Wal-Marts shelf retail price was less -- $218 compared to $229.99. Will consumers take the time to research the different model numbers and specifications, and will they understand which is the better deal?
Another example is that the product line-up between stores is not always the same. For instance, Wal-Mart sells the Sony Bravia 32 720p LCD HDTV (model KDL32L5000), a model that Best Buy also sells, for about $498 in its stores. However, at Wal-Mart Store #5281 in Woodbridge, NJ, the model was replaced by model (KDL32L4000) but priced the same -- $498. Without a direct head-to-head comparison, there may be a perception of lower price, but the reality may not be so obvious.
Note the WM in the manufacturers model number. Is it just coincidence or does it stand for Wal-Mart?
2. Buying the Lowest Quality Model When Best Buys Sony HDTVs are compared to those sold by Wal-Mart, a pattern develops. As Figure 6 demonstrates, comparing Best Buys full line up of Sony HDTVs with Wal-Marts lineup, Wal-Mart appears to select only the least expensively priced Sony TV products. For example, for a 32 Sony, Wal-Mart offers only the lower quality resolution HDTV, a quality resolution that may soon be phased out, while Best Buy offers more choices and higher quality set with more functions and features.
Figure 6: Targeting the Least Expensive Manufacturing Model Example Sony LCD HDTVs
TV Sony52 Sony52 Sony52 Sony52 Sony 46 Sony 46 Sony 46 Sony 46 Sony 46 Sony 46 Sony 46 Sony 40 Sony 40 Sony 40 Sony 40 Sony 40 Sony 32 Sony 32 Sony 32 720p Model KDL -52xBR9 KDL -52z5100 KDL -52v5100 KDL -52s5100 KDL -46xBR8 KDL46VES KDL -46xBR9 KDL -46W5100 KDL -46Z5100 KDL -46V5100 KDL -4655100 KDL -40W5100 KDL -40xBR9 KDL -40VES KDL -40V5100 KDL -40S5100 KDL -32XBR9 KDL -32S5100 KDL -32L5000 Retail Price $2,399.99 $1,999.99 $1,799.99 $1,597.99 $3,699.98 $1,899.99 $1,899.99 $1,699.99 $1,599.99 $1,299.99 $1,097.99 $1,499.99 $1,499.99 $1,199.99 $999.99 $797.99 $999.99 $649.99 $547.99
Wal -Mart Offers These TVs
Similarly, also as shown in Figure 7, Wal-Mart only sells Samsungs least expensive models when compared to the full Samsung product line sold at Best Buy. Again, the 32 Samsung offered by Wal-Mart has a lower quality resolution compared to the other Samsung HDTVs offered by Best Buy.
Figure 7: Targeting the Least Expensive Manufacturing Model Example Samsung 32 LCD HDTVs
TV Samsung 46 Samsung 46 Samsung 46 Samsung 46 Samsung 46 Samsung 46 Samsung 46 Samsung 46 Samsung 40 Samsung 40 Samsung 40 Samsung 40 Samsung 40 Samsung 32 Samsung 32 Samsung 32 Samsung 32 Samsung 32 Samsung 32 720p Model UN46B8000 UN46B7100 LN46B750UF UN46B6000VF LN46B650TIF LN46B7640 LN46B550KIF LN46B530P7F LN40B6000FX2A LN40B640 LN40B630 LN40B550K1FXZA LN40B530P7FXZA UN32B6000V LN32B640 LN32B550K1F LN32B460B2D LN32B460B2D LN32B360C5D BBY Price $2,099.99 $1,799.99 $1,699.99 $1,599.99 $1,499.99 $1,399.99 $1,199.99 $1,199.99 $1,599.99 $999.99 $949.99 $899.99 $799.99 $1,299.99 $799.99 $709.99 $649.99 $549.99 $449.99
3. Post-Sale Services In addition, Best Buy offers in-store delivery and other post-sales services such as repair and warranty, which Wal-Mart does not. For instance, for HDTVs, Best Buy offers delivery, hook-up, and disposal of the old TV, and if the purchase is valued over $900, Best Buy will include these services at no additional charge. Wal-Mart does not offer these in-store services, which makes comparisons based solely on price not completely accurate.16 As one Wal-Mart employee in Tampa explained, We will take it to your car and thats about it.
4. Providing Inadequate Information In the course of comparing product models and prices, it became very clear that consumers could easily be confused when buying electronic goods. It is true that buying
Wal-Mart has attempted to address this deficiency several times in the past, most recently announcing plans to sell third-party tech services for installation and repair. Michele Gershberg, Wal-Mart Offers Tech Support for Shoppers, Reuters, Oct. 22, 2009.
consumer electronics is much more complex than, say, buying eggs or bread. Consumer electronics are produced by many manufacturers and are widely differentiated by model, type, color and other features. Product specifications add a layer of complexity to consumer buying decisions with technical terms like memory, storage, pixels, format, connectivity, compatibility, compression, HD decoders and so on. This means that collecting information can be a critical step for those shoppers wishing to make good buying decisions and save money.
Consumers may be disadvantaged by imperfect or asymmetric information when sellers have more and better information than buyers.17 Unlike assumptions of perfect information described in economic textbooks on competition, consumers can have an incomplete or inaccurate understanding of facts material to a particular choice. The costs of acquiring pertinent information search costs are often substantial. Rather than bearing search costs, the outcome of which is not predictable, consumers often buy products about which they are poorly informed.18 For this reason, it is crucial that consumer be given adequate information to understand the product they are buying and have enough information to make objective product and price comparisons.
In our comparison of Wal-Mart and Best Buy prices, it became obvious that getting adequate information on electronic products, particularly from Wal-Mart, was not easy. For example, Wal-Mart did not have all of its SKU and model numbers listed in its online product specifications. As Figure 8 shows, except for price, Wal-Marts shelf labels often did not have information to clearly identify the product, model and pertinent specifications, and the font size
The implications of imperfect information informing consumer choices have been intensively studied. An extensive review and summary is beyond our scope here, but we can recommend a handful of studies and the references they cite. See Joan K. Lewis, Teresa Mauldin, Returns to Investments in Information: Can Investments Reduce Bad Purchase Experiences of Consumers? Journal of Consumer Studies and Home Economics, 20 (2), 183199, 1996. The authors examine the impact of consumer information, information sources, information acquisition costs, and consumer demographics on bad purchase experience. The results suggest that age, education, extent of social contacts with relevant information and others were relevant. See also, George B. Sproles, Loren V. Geistfeld, and Suzanne B. Badenhop, Types and Amounts of Information Used by Efficient Consumers, Journal of Consumer Affairs, Vol. 14, Issue 1, p. 37, June 1980. The paper examines the efficiency of consumer decision-making as indicated by the types and amounts of informational resources utilized. They classify consumers in three groups ranked by their relative efficiency in making optimal choices in the context of their wants, needs and preferences, and the information available about alternatives. Taken together these papers indicate that inadequate consumer information leads to loss of consumer welfare; that information acquisition by consumers is often costly; and, that investing in better information can lead to increased consumer welfare. 18 See A. Postlewaite, Asymmetric Information, Allocation, Information, and Markets, (John Eatwell, Murray Milgate, Peter Newman, eds.), The New Palgrave, WW Norton, NY and London, 1989, pp. 35-38.
on the shelf labels was so small that the product name, SKU and model number were nearly illegible, making collection of basic information very difficult for some items. This made the price comparisons between stores very difficult and time consuming. Given the fact that WalMarts consumers are more likely to have lower incomes, may be less tech-savvy, and believe that Wal-Mart has lower prices, it is very possible that consumers are buying electronic products at Wal-Mart without actually knowing if Wal-Mart is, in fact, lower priced. If customers do not speak English, it would be even more difficult to get technical information, particularly since Wal-Mart provides a lower-level of sales support. Inadequate information may influence consumer buying decisions and perpetuate the perception that Wal-Mart is the low-price retail brand for electronic products, and it may mean that consumers are paying too much for these products, because they are unable to make head-to-head comparisons of products with other electronic retailers.
Figure 8: Is Wal-Mart Priced Less? Are We Comparing The Same Item?
Consumers Need Better Information
So, while it is helpful to note that consumers have a perception that Wal-Mart is low priced (and they may well be low priced), the basis for this relies solely on their opinion. Opinions can be influenced by Wal-Marts low prices for non-electronic products, as well as by practices that include the use of off-brand products, spec buying, featuring only the least
expensive models in a manufacturers line, excluding post-sale services, and providing consumers with inadequate product data to make informed decisions. However, unlike opinion research, lower prices can be corroborated with real empirical evidence. Does Wal-Mart, in fact, have lower priced electronic goods compared to Best Buy? This is a testable hypothesis, and the next section of this study will compare prices of identical electronic products between these two retail chains.
1. Deutsche Bank Finds Best Buy to Have Lower Prices for HDTVs While ranking quality and other attributes is purely a subjective consumer assessment, price can be measured objectively and directly. As the Bureau of Labor Statistics compares retail store prices when calculating its Consumer Price Index, electronic prices can be compared directly by finding like products (model numbers) and developing a common market basket of goods. An example of this on the retail level was done by Charles Grom of J.P. Morgan, who compared 31 identical grocery items and found Wal-Mart to be lower priced than Kroger and Safeway for these food items.19
As to electronic prices, a recent analyst report compared Wal-Mart prices with Best Buy. Deutsche Bank Securities, in their August 31, 2009 consumer retail research report, analyzed prices for identical models of HDTVs in both Wal-Mart and Best Buy, and found Best Buy to have maintained lower monthly average prices over the last 11 consecutive months ending in August 2009.20 The Deutsche Bank analysis suggests that the perception of Wal-Marts position as the low-priced provider may, in fact, be a misperception.
In order to expand on the Deutsche Bank analysis and test whether or not Wal-Mart has lower prices than Best Buy, the first step is to identify the common products (by model number) between the two stores and develop a market basket of goods. The market basket was developed by listing and comparing products, carefully checking model numbers and noting the company SKU numbers. In order to make the analysis manageable and focus on products that consumers
See John Jannarone, Wal-Mart Sharpens its Pricing Pincers, Wall Street Journal, M12, October 6, 2009. Mike Baker and Adam Sindler Best Buy: Trends Should Bottom This Quarter, Deutsche Bank, Global Markets Research, August 31, 2009, page 4.
would be more apt to make price comparisons, the market basket included electronic hardware only such as digital camcorders and cameras, computing equipment, HDTVs, home theatre, MP3 devices, DVD players and so on and not accessories and products sold in jewel cases, like music. Computers and cellular phones were problematic, since seemingly similar products were not, in fact, identical, sometimes due to service terms and provider commitments, or due to an additional feature, such as a free cable or extra memory.
2. Developing a Head-to-Head Price Comparison Following along the lines of the Deutsche Bank report, a broader and more comprehensive market basket of electronic products between Best Buy and Wal-Mart was developed for the purpose of analyzing price levels between the two stores. Similarly, in order to understand whether Best Buys prices are higher or lower than Wal-Marts prices, the products needed to be identical.
Once the initial market basket was determined, TeleNomic Research priced a market basket of hardware products in 6-paired Wal-Mart and Best Buy stores, located in near-proximity with one another in order to account for any price competitive effects. In one incident, the WalMart was paired with a Best Buy that was located across the parking lot, and in another incident the paired stores were on the adjoining blocks. Using MapQuest, these paired stores averaged 1.54 miles apart by car, with 3.05 miles being the furthest apart.
The 12 stores were located in: New Haven, CT (Wal-Mart Store #5439 and Best Buy Store #1488 on September 9, 2009); Woodbridge, New Jersey (Wal-Mart Store #5281 and Best Buy Store #456 on September 10, 2009); Frederick, MD (Wal-Mart Store #2233 and Best Buy Store #427 on August 29, 2009); Fairfax, VA (Wal-Mart Store #2015 and Best Buy Store #273, on September 6, 2009); Orlando, FL (Wal-Mart Store #890 and Best Buy Store #571 on September 3, 2009); and Tampa, FL (Wal-Mart Store #5036 and Best Buy Store #462 on September 4, 2009). Four of the six Wal-Mart stores were Supercenter stores, which offer a wider selection of groceries and other goods than other Wal-Mart stores, but the electronic selection was similar in all stores.
In addition to comparing prices for in-store shopping, the prices for the market basket of products were compared online, including the cost of shipping. The following are the 71 products that made the final market basket:21
Samsung 32" 720p 60 LCD HDTV Samsung 46" 1080p LCD HDTV Sony Bravia 40" 1080p LCD HDTV Sony Bravia 52" 1080p LDC HDTV Sony Bravia 1,000W Home Theatre Sony Blu-Ray 1080p Output Canon PowerShot 10MP Digital Camera Kodak EasyShare 10.2MP Digital Camera FUJIFILM FinePix 10MP Digital Camera Nikon Coolpix 10MP Digital Camera S230 Nikon Coolpix 10MP Digital Camera L20 Sony Cyber Shot 10.1MP HJ20 Dig. Camera Sony Cyber Shot 12.1MP W220 Dig. Camera Microsoft - LifeCam VX-3000 Webcam Nikon D40 D-SLR 6.1 MP, 18-55mm Sony Handycam DVD Camcorder Sony Handyman DVD Camcorder 60GB Sony 5MP Webbie HD Camcorder Apple iPod Nano 16GB MP3 Player Apple iPod Classic 120 GB MP3 Player Sony Walkman 4GB Video MP3 Player Seagate FreeAgent1TB HD ext. 2.0 Seagate 250GB FreeAgent GO Portable HD Western Digital My Book Ess. 1TB Ex. HD Western Passport 320GB Ex. Portable. 2.0 HD HP 20" Widescreen Flat Monitor LCD 2.0 HD HP Officejet AIO 6500 (not wireless) Belkin Wireless-G Router 4-port Linksys Wireless-N Router 4-port Linksys 802.11g USB Adapter NetGear 802.11g Wireless Router Microsoft Xbox 360 Elite Console 120GB Microsoft Xbox 360 Networking Adapter Nintendo Wii Remote Controller Sony Play Station 3 Dual Shock Controller TomTom XL 330S Portable GPS Samsung 40" 1080p LCD HDTV Sony Bravia 32" 720p LCD HDTV Sony Bravia 46" 1080p LDC HDTV Samsung 1,000W Home Theatre System Samsung Blu-Ray 1080p Output Sony PS DVD Player w/ MP3 Playback Canon PowerShot 12.1 MP Digital Camera FUJIFILM FinePix 10MP Digital Camera FUJIFILM FinePix 10MP Digital Camera Nikon Coolpix 10MP Digital Camera S220 Olympus Stylus 10MP Digital Camera Sony Cyber Shot 12.1MP T90 Dig. Camera Sony Cyber Shot 12.1MP W290 Dig. Cam Cannon EOS vRebel XS 10.1MP Digital SLR Flip Video UlttraHD Camcorder Sony handycam DVD Camcorder 60GB Sony Flash Mem Handycam Camcorder Apple iPod Nano 8 GB MP3 Player Apple iPod Touch 16GB MP3 Player B Zune 120GB MP3 Player Seagate FreeAgent Desk Drive 500GB ext. 2.0 Seagate Internal 500GB Desktop HD Seagate 320GB FreeAgent GO Portable HD Western Passport 250GB Ext.l Portable HD Western Passport 500GB Ext Portable 2.0 HD Kodak EasyShare 8" Digital Photo Frame Canon PIXMA AIO Belkin Wireless-N Router 4-port Linksys Wireless-G Router 4-port Linksys Ultra Range Plus Wireless-N Adapter Nintendo - Wii Console Sony PlayStation PS3 Console Microsoft Xbox 360 Controller Nintendo Wii Nunchuk Controller Magellan Roadmate 1440 GPS
In total, over 1,000 online and in-store prices were collected. While efforts were made to find every product, as Figure 9 shows, both stores occasionally did not have these electronic products available for comparison, sometimes pulling shelf labels when an item was out of stock,
Several of these items, have since been discontinued, making the development of a comprehensive market basket an ongoing task.
not carrying an item in one store versus another, or not have the item available online. During the collection of in-store prices, if both the product and its shelf label could not be found in the store, it was noted as not available. In-store prices were compared only if a stores product could be matched to same product located in the nearby competitors store. Sale prices were included, but prices for open-boxed items were not included.
Figure 9: In-Store Product Availability Less Likely to Find the Product in WalMart Stores
100% 95% 90% 85% 80% 75% 70% 65% 60% 55% 50% 94% 83%
3. Price Results The analysis compares Wal-Mart and Best Buy online prices for the market basket of electronic goods and finds that Best Buys prices are insignificantly different from Wal-Marts prices, once the cost of shipping was included. For a market basket of goods worth $15.661.72, a Best Buy consumer could save $5.29 on their purchases. Therefore, for online products, WalMart is not lower priced, contrary to conventional wisdom. This point is conveyed in Figure 10. Not included in this analysis is that Best Buy higher-end products (particularly HDTVs over $900) may include free hook-up, disposal and other services, which are not offered by Wal-Mart.
Figure 10: Comparison of Online Shopping
$18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $BBY w/ Shipping WM Price WM Price w/ Shipping
In-store price comparisons produced mixed results. As Figure 11 shows, Best Buy was lower priced in New Haven and Tampa, but higher priced elsewhere. Online and in-store results may differ depending on various factors, including product availability and sales.
Figure 11: Comparison of Market Baskets
$18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $Frederick Orlando
Fairfax New Haven Woodbridge
Taking the in-store results and adding the value of the market basket across all stores, the average market basket was valued at $14,070.82 at Wal-Mart and $14,135.59 at Best Buy. In other words, for every $100 that you spend at Wal-Mart for electronic goods, consumers save about 46 cents more than shopping at Best Buy. Wal-Marts slight advantage dwindles, if you (again) consider that Best Buy will provide free delivery, hookup and disposal for HDTVs valued over $900, and also offer other post-sales services. The graphical difference (shown in Figure 12) between Best Buy prices and Wal-Mart prices is small and counter to the perception that Wal-Mart has lower electronic prices. Wal-Mart may have lower prices on other products (groceries and cleaners perhaps), but the analysis of the market basket of consumer electronic goods show that store prices average nearly the same between the two retailers.
Figure 12: Summary Price Comparisons
$18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $In-Store Online BBY WM
Given the fact that Wal-Mart and Best Buy prices are very competitive, consumers need to do their homework, compare models and prices, and look for advertised specials. Separately, Wal-Mart should do more to help consumers get better information on the products it sells by simply improving its shelf labeling. After all, consumers value product quality and access to a more knowledgeable sales staff more than they do price. Improved information could give consumers the data they need to make better and more informed decision, and permit them to
save on their electronics purchases. In turn, better information would heighten competition among these and other electronic retailers, which would yield even greater benefits for electronic consumers.
This study provides a comprehensive mix of information about consumer perceptions on quality, price and other attributes, as well direct measurement on actual price differences among the top two electronic retailers. The survey research of electronic shoppers finds that consumers believe that product quality, knowledgeable staff, and in-store help are more important than price. However, while consumers rank Best Buy higher than Wal-Mart in having quality products, a knowledgeable staff, in-store help, wider selection, post-sales options, and being better overall (see Figure 13), consumers rank Wal-Mart as having lower prices. Yet, based on a price comparison of a market basket of electronic hardware including digital camcorders and cameras, computing equipment, HDTVs, home theatre, MP3 devises, DVD players and so on this report finds the in-store and online prices to be nearly the same, particularly when considering post-sales support.
Laboratory 3 SL785 DEH-2220UB D-395 KD-S721R MR-rack AVR 147 Classic Meade 4504 Palm M125 SUB 800 CDX-GT620 QRX-7001 HDW-M2000P IR250T Netbook TH-42PD60X CQ-C9701N Sinus 212 Aspire 4530 Futaba 3PM Fostex R8 CFD-DW83 HD9120 Yamaha MDF2 RZ-29FB51RX Env06 Z5228 Supertooth ONE Lite 330 Vintage2-PH1 Samsung PL65 System Extensa-6700 ICD-P520 KX-TG6051 Meade LPI Reflex-5 Banshee-2000 DVP5100 Cc-CD300DW DLP-ITC250 A-X540 37AM-23H Classic Bolens G152 NV-SD440B 8FF3FPB C-50 Zoom DN-A100P CPX327W FS-1500 PS50A756 LAC3710R SAP DB KM260 P-300 45 STD W1934S-SN 81-60 Terratec M3PO -g SL-PS670A DSC-W350 L Clipper P1500 Polaris KW-NX7000 VP-DC172W RTT1040 HT-TZ212 50 SM 21PT136B Dialon F20 Review Speed 7934 RAC PAC 5120A Leonardo 250 LX700 22S ZKT623LX Nadobi KV-14DA75 Reference Finepix A345 Volvo XC60 S3000 KX-TSC14W Hunter F14832DS LBP3460 Audi Q7 37LF75 ROC 8505 DWL-M60AT GC-408 CS2 88 Ricoh 480W Nokia 6020 CQ-C1120GN Portable
manuel d'instructions, Guide de l'utilisateur | Manual de instrucciones, Instrucciones de uso | Bedienungsanleitung, Bedienungsanleitung | Manual de Instruções, guia do usuário | инструкция | návod na použitie, Užívateľská príručka, návod k použití | bruksanvisningen | instrukcja, podręcznik użytkownika | kullanım kılavuzu, Kullanım | kézikönyv, használati útmutató | manuale di istruzioni, istruzioni d'uso | handleiding, gebruikershandleiding
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101