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Last Updated: Monday, November 09, 2009
Wal-Mart announces price cuts for holidays
Anderson Independent-Mail (South Carolina)
October 22, 2009
NEW YORK - Wal-Mart, which has ridden low prices to dominate the U.S. retail scene, stepped up its game in price cutting still further Wednesday. The world's largest retailer said it will cut prices this holiday season for a week at a time on thousands of items, from bananas to board games. The first group of cuts hit Wednesday. "We will not be beaten on price," said Eduardo Castro-Wright, vice chairman of Wal-Mart Stores Inc. and leader of its U.S. business. Read on.
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