Wal-Mart Stores, Inc. (NYSE: WMT) is doing something that hasn’t been seen in prior years: lowering prices considerably on thousands of items, but not during holiday season.
These price cuts are as much as 10% to 30% for this week on selected items. Many of these revolve around the Super Bowl, health, and home. The company is also going to offer no-interest payments on purchases of $250 or more when purchased with the Wal-Mart Credit Card.
Interestingly enough, these discounts are rolling out to items as small as basic food, snack, and beverage items…. to basic consumer products…. to exercise equipment…. to selected laptops (Acer under $500)…. to LCD screen televisions….
Wal-Mart shares are up 0.6% at $49.00 pre-market, and the 52-week trading range is $42.09 to $51.44.
Jon C. Ogg
January 29, 2008
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