Wal-Mart reduces its prices

Wal-Mart has launched a new price comparison test in nearly 1,200 of its shops. The goal is to compete with the discount chains – portfolio.hu wrote.

Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company’s revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with Wal-Mart. (Reuters, portfolio.hu)