I noticed a full page ad in the food section of the Oklahoman yesterday for this store coming to Edmond at 24 E. 33rd. I'm assuming they are converting the Homeland to this.

I noticed a full page ad in the food section of the Oklahoman yesterday for this store coming to Edmond at 24 E. 33rd. I'm assuming they are converting the Homeland to this.

Yes, it's a conversion of an existing Homeland.

Yes, it's a conversion of an existing Homeland.

It surprises me they would convert that location to a Cash Saver. To me, it seemed like it was more ripe for an upgrade.

This shopping center seems to have been cursed from the get go. Even that McDonald's significantly underperforms for the traffic flow of the area.

I don't know about how CS does for profit but I do know they move a lot of products.

I'm wondering about the longevity of Cash Saver stores - do they stick around for a long time in that format, do they eventually die and someone buys them, are they just the last gasp of a dying store/chain and they leave empty buildings after they're no longer profitable, ....? Anybody know or have they not been around long enough to know?

Is there model that different than Aldi's? Besides branding?

The Homeland in Mustang is changing to a Cash Saver as well. I was told all that is going on is the name change.......same management, employees and everything, just a different name.

I'm wondering about the longevity of Cash Saver stores - do they stick around for a long time in that format, do they eventually die and someone buys them, are they just the last gasp of a dying store/chain and they leave empty buildings after they're no longer profitable, ....? Anybody know or have they not been around long enough to know?As I said in the post before this one they are moving a lot of product. Much more than they did as Homelands. Will that equate to longevity? Only time will tell. I hope it does since I have a little bit of personal interest.

Is there model that different than Aldi's? Besides branding?

Have never been in a Cash Saver, but assume they still stock the same things from the same multinational conglomerates (Betty Crocker, Campbell's, Kellogg's, etc.), as well as store-brand items that they used to as Homelands but just put a price on the shelf and you pay 10% more than that at the register. Whereas Aldi is their own/other brands, way cheaper than regular stores.

Have never been in a Cash Saver, but assume they still stock the same things from the same multinational conglomerates (Betty Crocker, Campbell's, Kellogg's, etc.), as well as store-brand items that they used to as Homelands but just put a price on the shelf and you pay 10% more than that at the register. Whereas Aldi is their own/other brands, way cheaper than regular stores.You would be correct.

Have never been in a Cash Saver, but assume they still stock the same things from the same multinational conglomerates (Betty Crocker, Campbell's, Kellogg's, etc.), as well as store-brand items that they used to as Homelands but just put a price on the shelf and you pay 10% more than that at the register. Whereas Aldi is their own/other brands, way cheaper than regular stores.

But the model... no frills, no sales, low prices with slim margins, etc. From what I can see, they seem to target the same consumer. That was my point. The branding/brands are different, but the model seems to work for Aldi.

They recently converted the United Supermarket in Purcell to Cash Saver. The price on the shelf is supposedly the cost of the product plus the cost to get it from the distributer to the shelf, then they tack on 10% at the register. Prices and selection are decent and it's a good alternative to the local Wal-Mart.

Here's a recent article on Cash Saver Homeland's Cash Saver store tries new business model | NewsOK.com (http://m.newsok.com/article/5397909)

But the model... no frills, no sales, low prices with slim margins, etc. From what I can see, they seem to target the same consumer. That was my point. The branding/brands are different, but the model seems to work for Aldi.

True, they both target people that want cheap prices and no frills, but it seems like Cash Saver is more "normal" than Aldi WRT shopping carts, brands, selection, checking out, etc. My point was that when you go to a Cash Saver, it's like it used to be before it was a Cash Saver except for the pricing, whereas Aldi is just "different" (until you've shopped there multiple times and then you "get it").

True, they both target people that want cheap prices and no frills, but it seems like Cash Saver is more "normal" than Aldi WRT shopping carts, brands, selection, checking out, etc. My point was that when you go to a Cash Saver, it's like it used to be before it was a Cash Saver except for the pricing, whereas Aldi is just "different" (until you've shopped there multiple times and then you "get it").

I still can't get used to Aldi, especially the flow of the store.

Drove by today and they have a now open sign out.

The Guthrie store has been open for several months now. While their signage is uglier than ****, it beats the heck out of our Walmart. Produce isn't that great, but no worse than Walmart, and better priced. They carry the brands we know. No, you can't buy an iPad 24/7, but I've found the store well worth exploring.

I don't get the 10% at check out. Why not just add it to the sign for each product? Any clue?

I don't get the 10% at check out. Why not just add it to the sign for each product? Any clue?

I've wondered that myself, but since I won't ever shop at one, I never really cared enough to check. But it does seem just asinine - why not just make the price you pay at the register the price that's on the shelf like it is at every single other grocery store, and just add the 10% and put *that* price on the shelf tag?

Anyway, I did find this, which attempts to explain it, but I didn't get much out of it:

https://consumerist.com/2008/10/10/supermarket-chain-adds-10-at-register-but-only-in-some-stores/

I don't get the 10% at check out. Why not just add it to the sign for each product? Any clue?Here it is in a nutshell. Have you ever wondered what markups there are in groceries? Most probably assume 20, 30 percent or more. This is CashSaver's way of being straight forward with what they're marking up products. It's odd but they got the idea from other chains that it works for. And it's been working for CS.

Here it is in a nutshell. Have you ever wondered what markups there are in groceries? Most probably assume 20, 30 percent or more. This is CashSaver's way of being straight forward with what they're marking up products. It's odd but they got the idea from other chains that it works for. And it's been working for CS.

Yeah, maybe, if the shelf tag price is really, truly what *their* cost is, which I'm not sure it is (does any retailer anywhere really, truly put out in the open what they bought an item for from their suppliers?).

Yeah, maybe, if the shelf tag price is really, truly what *their* cost is, which I'm not sure it is (does any retailer anywhere really, truly put out in the open what they bought an item for from their suppliers?).I have an inside source (that I'm with every night and is in a place to know) that believes that CS is being straight up.

It's gimmick. Not outright false advertising, just depends on what creative way they want to define cost. On average for the industry, and there's no reason to believe they are much different, direct cost of goods average is more like 30% less than the final sales price. Direct cost with labor added on could be another cost. Direct cost with labor, facility and every possibly expense is more like 97% of the sales price, leaving a net profit of a few percent. Typically, some classes of products would have different margins, like bakery might have higher margins than canned goods. If everything at cashsaver were priced at cost of goods, first, they would lose money marking it up 10%, second, the higher profit items would be significantly lower than the same items sold by their competition. I shop there and Buy For Less frequently. My biggest reality check is I buy a particular 2 liter soft drink at both places in quantity and regularly. Same brand, day in and day out. It's almost always cheaper at the register at Buy for Less than the shelf price at Cashsaver, much less the out the door price. No way is Cashsaver paying 10%+ more than Buy for Less for the same product. I've noticed similar with other items. Buy for Less is closer to my home and route and I wouldn't shop at Cashsaver at all except they have a larger selection than Buy for Less, they have the pharmacy I use, and they are the second closest store to my home.

http://s24.postimg.org/jndbvebet/grocerycosts.jpg

FMI | Food Marketing Institute | Food Marketing Institute (http://www.fmi.org/)

I drove by the Edmond location tonight and it appears to be gone. The signs were off the building anyway and I'd didn't appear to have lights on inside. I have to admit I was driving down 33rd and didn't get a really good look.

Yeah, it's been closed for a few weeks now. A friend of mine worked there and her job was relocated to another one of the other stores.

I went in there a few weeks or a month ago. Only a few employees in the store. Only 2 elderly customers shopping and only for a few items. I stopped in to see if they had canning jars and what the price was. They were several dollars a case higher then Walmart, Target or Crest. That was without the 10% mark up. I amnot surprised that they closed.