Wal-Mart cuts more prices
Published: Sat, Nov. 11, 2006 12:00AM
Modified Sat, Nov. 11, 2006 03:50AM
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closeNEW YORK -- Wal-Mart shoppers got another early Christmas present when the world's largest retailer cut prices on appliances a week after slashing them on electronics, and before that, toys.
Wal-Mart -- worried that holiday sales could be sluggish -- has been aggressively slashing prices in a strategy that many of its rivals seem likely to follow, turning a boon for consumers into what may be a bane for retail profits.
Wal-Mart announced discounts ranging from 7 percent to 17 percent through Christmas on about 50 small home appliances, including microwaves and programmable coffee makers.
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