Saturday, April 10, 2010

Wal-Mart is cutting prices

Wal-Mart, the world's largest retailer is cutting prices on thousands of products trying to reinforce its reputation as the discount giant.
This comes after months of slowing sales.


Many Americans, buy groceries at Wal-Mart super-centers but sales have been slower as of late, suggesting  that Wal-Mart is having trouble keeping the middle-class shoppers.
Wal-Mart says, it just isn't so, but regardless, they are going to cut prices this week on10,000 items, mostly food and other staples.
"We felt we needed to increase the intensity and excitement with our customer, especially the feeling that Wal-Mart has great deals," Chief Marketing Officer Stephen Quinn said.
Retail analysts predict the new Wal-Mart cuts will hurt supermarket chains.
But this is how Wal-Mart became who they are in the first place, and these cuts is business as usual, it's their way of responding to the competition.