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Walmart said yesterday that it plans to “offer weekly deep savings events and new everyday low prices on thousands of items across the store, starting today through the holiday period. Each week, Walmart will announce new pricing reductions, beginning with select items in groceries and entertainment.”

"Many of these prices represent the lowest we've offered in years, because we know these are tough times for American families," said Eduardo Castro-Wright, vice chairman, Walmart Stores, Inc. "We made a purposeful decision to focus initially on everyday staples as well as items that often require larger spending commitments in preparation for Thanksgiving and Christmas."
KC's View:
Walmart’s making a lot of news lately. It goes after Amazon on book prices. It announces a new initiative for small store development. And now, there’s this price cutting move, which was predictable but should also scare its competitors.

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