Tags: walmart | price | cuts | summer

Wal-Mart Makes Splashy Price Cuts to Get Mojo Back

Saturday, 29 May 2010 10:47 AM

 

NEW YORK – Wal-Mart is counting on $1 ketchup bottles and sub-$4 cases of Coke to get its low-price mojo back.

The sharp cuts came ahead of Memorial Day weekend. They have already pushed rivals such as Target into price wars. And the markdowns are expected to keep coming throughout the summer.

They're one of the boldest moves the world's largest retailer is making to turn around sluggish business and win back shoppers from rivals. The cuts target 22 foods and other essentials at an average savings of 30 percent — splashy enough to get attention and perhaps change perceptions.

The world's largest retailer is also restoring items like certain soups and laundry detergent it stopped carrying when it tried to declutter its stores.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Navy Abandons 'Global Force for Good' to Broaden Appeal

Saturday, 31 Jan 2015 13:55 PM

The Navy is taking a new approach to its recruiting commercials: Appealing to people who are already in uniform, have lo . . .

NYC's de Blasio: I've Moved Past Police Crisis

Saturday, 31 Jan 2015 13:04 PM

Weeks removed from an open revolt from his own police force that had officers turning their backs on him, Mayor Bill de  . . .

Letter with Suspicious Powder Received at Samaritan's Purse

Saturday, 31 Jan 2015 12:08 PM

The FBI says it is investigating a suspicious letter containing white powder that was sent to the headquarters of the Sa . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved