Where is the headquarters of a Midwestern department store that follows the "everyday low price" strategy?
Everyday low price Everyday low price (also abbreviated as EDLP) is a pricing strategy promising consumers a low price without the need to wait for sale price events or comparison shopping. EDLP saves retail stores the effort and expense needed to mark down prices in the store during sale events, and is also believed to generate shopper loyalty. It was noted in 1994 that the Walmart retail chain in the United States, which follows an EDLP strategy, would buy "feature advertisements" in newspapers on a monthly basis, while its competitors would advertise weekly. Other firms that have implemented or promoted EDLP are Procter & Gamble, Food Lion, Gordmans and Winn-Dixie.
Walnut Street (Philadelphia) Walnut Street is located in downtown Philadelphia and extends from the city's Delaware River waterfront through Center City and West Philadelphia. Walnut Street has been characterized as "the city's premier shopping district". A portion of the street was ranked 12th in 2005 by "Women's Wear Daily" among its list of the most expensive retail streets in North America, with rents of $90 per square foot, and is home to several "upscale dining, retail and cultural" establishments. In 2013 rents had risen to an average of $107 a foot, a growth of 34% over 2012 and the largest percentage growth of any retail corridor in the country.