Are you looking for a list of all Walmart slogans and the meaning of its latest slogan: Save Money. Live Better? If yes, this article is going to explain it to you in detail.
As an entrepreneur, I’m very interested in learning about the slogans of some successful companies like Walmart. Because it inspires me to use the same kind of marketing tactic in my own business.
So in the past week, I have studied a lot of materials about Walmart slogans. I’m going to share with you my findings of the slogans. You may find it very inspirational if you are a business student or business owner.
In this article about “Save Money. Live Better” and all other Walmart slogans, I’m going to cover the following topics:
A Brief History of Walmart Slogans
Walton, also known as “Mr. Sam,” crafted a mission statement for the first store promising “The lowest prices anywhere, anytime.” The concept worked. Upon incorporation as Wal-Mart Stores, Inc., Walton and his family-owned two dozen stores in five short years, achieving $12.7 million in sales.
Walmart’s first slogan was “Always Low Prices.” Using this slogan, Walmart indicated its offers and deals in-store by offering competitive prices.
Walmart, however, was forced to change its slogan because it was found to be misleading by the National Advertising Review Board.
The Better Business Bureau lodged the complaint, stating that Walmart had the best prices every time.
To avoid further confusion, Walmart changed its slogan to ‘Always Low Prices’ in 1994 and has been using ‘Save More Live Better’ since 2007.
Below are the Walmart slogans that have been used:
1988-1994: Always The Low Prices Always
1994-1996: Always Low Prices Always Walmart Always
1996-1999: Better Every Day Low Prices! Always
1999-2007: Always Low Prices Always
2007–2020: Save Money. Live Better.
Walmart’s current mission statement, which is prominent at its headquarters in Bentonville, Arkansas –where it all began –is the same as its advertising slogan: “Save people money so they can live better.”
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What Does “Save Money. Live Better” Mean?
Throughout Walmart’s history, the slogan ‘Save Money Live Better’ has emphasized providing low-cost products to customers in order to help them improve their lives.
Walmart was founded with the goal of helping people ‘save money’ by offering low-cost items, which Sam Walton used to attract customers.
Customers are estimated to save $2500 a year from Walmart’s low prices, which amounts to $287 billion in savings, making Walmart’s low prices its core value offering to customers.
Walmart advertises its low prices as its prime competitive advantage in its slogan and on its website and in all of its stores.
Additionally, the slogan indicates Walmart’s participation in community projects, such as its Walmart Foundation.
How Was The “Save Money. Live Better” Slogan Created?
Wal-Mart’s “Always Low Prices” tagline has been replaced with “Save Money Live Better,” the first in nearly 20 years. Wal-Mart’s price cuts saved U.S. shoppers $957 per person in 2006, according to a study by Global Insight.
SaveMoneyLiveBetter.com, the retailer’s interactive Web site, allows visitors to post testimonials about how they saved money at the store. Wal-Mart’s site also lists the amount of money shoppers have saved so far this year by shopping there.
People can also read testimonials from others about why they shop at the store or watch TV spots, which show how little savings add up and help families live better. These ads drive visitors to the website. A 30-second spot is handled by The Martin Agency.
Retailers track exactly how much people save. In Bentonville, AR, it installed a “savings ticker” to show the savings.
Also contributing to the advertising campaign were Global Hue, The I.W. Group, and Lopez Negrete.
How Did “Save Money. Live Better” Campaigns Work?
Wal-Mart has changed its advertising slogan as it tries to boost sales at its U.S. stores by using more emotional appeals.
In its back-to-school ads, Wal-Mart featured actors portraying customers who talked about how Wal-Mart helped them save money amid high gasoline prices, in contrast to previous ads showing a smiley face character zooming around stores slashing prices.
In addition to new TV ads and an interactive website, Wal-Mart is rolling out a new marketing tagline that emphasizes cost savings.
On Wednesday, Wal-Mart will begin running television ads showing how saving money on little things adds up to better lives for families.
During the past fiscal year, discount retailer Ross Stores’ same-store sales increased at their slowest pace on record. In addition to its back-to-school ad campaign, the retailer cut prices on 16,000 items such as backpacks and school supplies by as much as 50 percent.
According to the results, the company posted a 3.1 percent increase in August sales at its U.S. stores open at least a year — its biggest same-store sales gain since March.
Moreover, Global Insight’s new research will be featured in the new advertising campaign.
According to the report, the retailer has been saving American families $2,500 annually since 2006, up 7.3 percent from $2,329 in 2004.
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Why Is the Business Slogan Important For Walmart?
Adverts often use slogans because they are short and catchy. A catchy slogan can attract attention to a brand or product.
Slogans have been around for a long time, but today they are everywhere, and they are used by many different brands.
Slogans should highlight a product’s benefits. Memorable slogans will also enhance a brand’s image.
It is generally believed that a phrase with meaning resonates more strongly with customers than a brand’s name alone, as a good slogan provides more than an assurance of commitment, but also explains what the brand stands for.
In marketing, slogans are important for the following reasons:
Brand positioning and recognition
A distinctive logo, a memorable slogan, and the brand name determine a company’s identity.
Therefore, a catchy and memorable slogan will help your brand gain recognition. Your brand’s position in the market will depend on the tone and language of your slogan.
Building better customer relationships
Throughout history, slogans have always served as a connection between a business and its clients.
Using slogans in advertising helps brands to be remembered by their audiences, which results in a positive attitude towards them.
Stand out from the crowd
It is important for a brand’s slogan to be distinctive. This will help you stand out from the crowd.
Your brand can be identified without having to mention the product or brand name if you mention the slogan.
Make your product more popular
In addition to telling the audience about the product, a slogan can also inform them of its benefits.
Slogans describe how people view a product. You can use a slogan to enhance the appeal of your product as a marketing strategy.
Final Words: Walmart Slogan
Because of the confusion it caused (as described earlier), Walmart changed its original slogan from ‘Always the low price’ to ‘Always Low Prices’ in 1994.
After changing its slogan a second time in 2007, Walmart’s current slogan is “Save Money. “Live Better,” which it still uses today.
The slogan represents its mission to help customers save money.
Walmart slogans and logos often emphasize the retailer’s philosophy of providing low prices, which has allowed it to succeed as a leading retailer.
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