July 30, 2010

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Wal-Mart takes gloves off, sounds holiday price war

Wed Oct 21 12:58:00 -0400 2009

Reuters (San Francisco)

- Wal-Mart Stores Inc (WMT.N) will slash prices each week this holiday season as the discount retailer fights off rivals and strives to keep its newly won market share this holiday shopping season.

Joseph Feldman, a retail analyst with Telsey Advisory Group, said worries over Wal-Mart’s gross margin were likely pressuring its shares. “Some people have been a little frustrated,” he said. “You’re the leader, but at what cost?”

To view the full article, download the PDF here: Reuters, October, 21, 2009