🖤 Donations of all sizes power our public service journalism Give Now
News In Brief

Wal-Mart to reduce prices on several items

Daryl Paranada Apr 9, 2010

Facing months of slowing sales, Wal-Mart is slashing prices on thousands of products. The world’s largest retailer, Wal-Mart’s sales at U.S. stores dropped last quarter — though its profits have been solid.

From the Wall Street Journal:

The company says it believes that, despite increasing consumer optimism, many Americans will continue to struggle in the months ahead. So, it is cutting prices this week on roughly 10,000 items, mostly food and other staples. The company declined to specify the sizes of the cuts.

Expect to see a media campaign touting the company’s moves and a bunch of placards to be placed in the aisles of thousands of its U.S. stores.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.