Market News

Wal-Mart Has Record Year on Price Reduction

Wal-Mart Canada is putting hundreds of price reductions on food, in addition to its "Everyday Low Prices." Nationally, the company's Supercentre locations are offering the price reductions so customers can purchase all the items they need to prepare an eight-person Christmas turkey dinner for less than $35. Wal-Mart Canada said it is having a record year in its number of price reductions. "We plan to keep helping Canadians stretch their holiday dollars with price reductions that make a real difference to their wallets," said Les Mann, Wal-Mart Canada's vice-president of food. http://www.newswire.ca/en/releases/archive/December2008/17/c2680.html Source: Canadian Grocer E-Newsletter, Dec. 19, 2008