Wal-Mart, the world’s largest retailer, announced its fourth price-slashing move since mid-October and said that it would have its most aggressive discounting ever this holiday season. Its rival, Target, vowed price cuts, too.
Wal-Mart’s assertive discounting is expected to pressure other retailers to match the cuts, a move that would erode profit margins, though it would save customers money.
And I say, good for the holiday shoppers, probably bad for the other small business retailers. I hope no one get serious hurt in their sales.
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