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Wal-Mart announces weekly price cuts for holidays
By Staff, Associated Press
October 21st, 2009
Wal-Mart Stores Inc. is stepping up its game in price cutting.
The world's largest retailer says it will cut prices for a week at a time on thousands of items, from bananas to board games, through the holiday season.
The announcement comes as the discounter tells investors about its strategies at a two-day analysts' meeting that began Wednesday.
The nationwide cuts start this week with bananas selling for 39 cents per pound; rolls of lean ground beef for $1.25 per pound and select board games for $15.