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Last Updated: Wednesday, October 28, 2009
Sam's Club cuts costs and offers more essentials
Associated Press Financial Wire
October 22, 2009 Wal-Mart Stores Inc.'s Sam's Club, the nation's ninth-largest chain store, hopes to beat back the recession by cutting prices on specific items, offering more everyday goods like food and health and beauty items and paring its assortment of general merchandise like furniture and clothes, the company said Thursday. "We're well positioned for growth in today's consumer environment," said Brian Cornell, president and CEO of the warehouse operator. Cornell was addressing investors on the second of two days of analyst meetings in Roger, Ark., near the company's headquarters in Bentonville, Ark. The meetings were broadcast online. Read on
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