Monday, July 23, 2007

Wal-Mart drops prices on more than 16,000 products

(Reuters) - The price cuts and new ad campaign come as Wal-Mart is working to revive sales at its U.S. stores, which last year posted their smallest same-store sales gain since the retailer began reporting such figures in 1980.




The Bentonville, Arkansas-based retailer has blamed numerous factors for the sluggish results, including merchandising missteps and a remodeling program that disrupted shoppers.


Read more at Reuters.com Business News

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