Wal-Mart cutting more prices to win holiday sales
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Wal-Mart Stores Inc said on Thursday it is cutting prices on 15,000 more items this week as the world's largest retailer tries to boost sales heading into the crucial holiday shopping season.
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Area retailers slashed prices and stayed open longer than usual the day after Christmas, hoping to boost sales after a snowstorm slowed shopping just days before Christmas.
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Will steep discounting save Christmas? Retailers, including Wal-Mart Stores (nyse: WMT - news - people ) Chief Executive Lee Scott, will be forced to slash prices this week to spur sales that got off to a weak start this holiday season.
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Wal-Mart Stores Inc.'s share price tumbled nearly 4 percent Monday after the world's largest retailer lowered its November sales forecast over the weekend, disappointing some analysts.
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Wal-Mart Stores Inc. , the  world's largest retailer, said on Thursday it would cut the  prices of nearly 300 generic drugs to $4 per prescription  starting in the retirement haven of Tampa, Florida.
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Description: Wal-Mart says sales for November are up by just a small fraction this year, a lackluster start to the holiday season that may be attributable to a difference in the retail chain&#39;s pricing strategy.
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Wal-Mart has seen a larger number of customers in its US stores over the past week as all-important holiday shopping improved. The world&#39;s biggest retailer said that its general merchandise sales picked up as the week progressed.
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NEW YORK -- Retailers opened earlier than ever on the day after Christmas on Wednesday and slashed prices with hopes of salvaging a holiday season that is falling short of already modest expectations.
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TAMPA, Florida  - Wal-Mart Stores Inc. WMT.N   said on Thursday it would slash prices on nearly 300 generic   prescription drugs to $4 in the Tampa, Florida, area and expand   the plan across Florida and other states next year.
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Wal-Mart Stores Inc.  on Tuesday posted higher quarterly profit after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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The nation&#39;s merchants cut prices even deeper on Sunday, the day after Christmas, in hopes of squeezing more sales out of what&#39;s winding up to be an unimpressive holiday season.
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Bruised by aggressive promotional pricing by competitors over the Thanksgiving weekend, Wal-Mart on Thursday announced a counterattack.
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The nation's retailers slashed prices further Wednesday in hopes that a post-Christmas shopping rush will salvage holiday sales that, so far, have fallen below even modest expectations
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The nation's merchants cut prices even deeper on Sunday, the day after Christmas, in hopes of squeezing more sales out of what's winding up to be an unimpressive holiday season.
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Shares in Wal-Mart fell more than three per cent in New York on Monday, after the giant discount retailer cut its forecast for November same-store sales
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Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its renewed focus on low prices paid off with a 4 percent rise in profit for its fourth quarter as holiday shoppers bought discounted groceries and home electronics as well as health and wellness products.
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Wal-Mart Stores Inc  said on Thursday it was cutting prices on 15,000 more items this week as the world's largest retailer tries to boost sales heading into the crucial holiday shopping season.