Wal-Mart Canada Cuts Prices on Staples

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Wal-Mart Canada Cuts Prices on Staples

Wal-Mart Stores Inc.'s Canada operation is cutting prices on bread, milk, butter, and eggs in its Ontario stores as part of a larger campaign of price reductions, the company said. The grocer cuts hundreds of prices in Wal-Mart Canada in August. and hundreds more are planned for September.

The giant discounter said "price cuts on staple food items, up to 35 percent lower in some locations, may be the best way to soothe spending worries for hard-hit consumers."

Wal-Mart's 104 Ontario stores will carry standard prices on staples, reversing its flexible pricing policy. "We know that these items are on virtually every customer's shopping list," said Vi Konkle, Wal-Mart Canada's chief customer officer said.

"What we're doing in Ontario currently is for this market only, but we would never say never in terms of bringing similar deals to other parts of the country," spokesman Kevin Groh said in an interview. Wal-Mart Canada operates 309 outlets nationwide with about one-third in Ontario.

As Wal-Mart has expanded its food sales in Canada, other grocers such as Loblaw Companies, the county's biggest chain, have been lowering prices.