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Wal-Mart Announces Price Cuts

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DAILY DEFLATION DATAPOINT
"Wal-Mart will reduce prices on items by hundreds of millions of dollars this holiday season to get more customers to shop, executives from the Bentonville-based company told financial and retail analysts Wednesday," according to NWA Online. "That includes reducing prices by hundreds of millions of dollars on everyday items and holiday items like lean ground beef and some board games, children's activity kits and Hot Wheels sets, said John Fleming, Wal-Mart executive vice president and chief merchandising officer. "This is going to be a difficult holiday. Their wallets are challenged," Fleming said of customers."

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