Wal-Mart cutting prices 10-30 pct on some items |
| Reuters - Jan 29, 2008 |
Wal-Mart Stores Inc said on Tuesday it is cutting prices on "thousands" of items by 10 percent to 30 percent this week to win sales in a difficult economic environment.
A Wal-Mart spokeswoman did not have an exact figure on the number of items included in the price cuts but said the world's largest retailer was reducing prices on groceries, popular electronics and other items that shoppers might buy ahead of the Super Bowl football championship game on Sunday.
Wal-Mart typically announces widespread price cuts during the ultra-competitive holiday shopping season.
But 2008 U.S. retail sales are forecast to rise at the slowest pace in six years, and retailers are trying to lure shoppers into their stores to spend their limited budgets.
Read Full Article from Reuters
- Posted: 2008-01-29 09:41:32
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