Wal-Mart's 'Economic Stimulus Plan': More Price Cuts

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Wal-Mart's 'Economic Stimulus Plan': More Price Cuts

01/30/2008
BENTONVILLE, Ark. -- As the lame-duck Bush administration tries to push its economic stimulus plan through, Wal-Mart Stores, Inc. here is unveiling its own plan to boost the economy, and it doesn’t need congressional approval: more price cuts. The retailer said yesterday it has rolled back prices on thousands of items, ranging from 10 percent to 30 percent discounts.

“We all know economic times are tough, so our plan is to help with added savings throughout the year, focusing especially on what people want, when they need it,” said John Fleming, Wal-Mart’s chief merchandising officer, in a statement. “Shoppers are depending on us to deliver the best price so they can stick to their plans, no matter what the economy throws at us. We won’t let them down.”

Wal-Mart said it’s concentrating on savings on the items customers need to buy at this time of year --including Super Bowl-related items, fitness needs, and home products. The retailer also is offering no interest for 18 months on purchases of $250 or more with a Wal-Mart Credit Card.

Grocery-related sales include:
Pepsi 12-packs, four for $10
Tostitos Scoops, two 12-oz. bags for $5
Tostitos 15.5-oz. Dip, two for $5
DiGiorno 12-inch pizza, two for $9
Five-lb. bag of Tyson frozen chicken wings, $8.88
Pringles chip, five for $5
Hillshire Farms Cocktail Smokies or Ropes, two for $5
KC Masterpiece BBQ sauce, $2
Doritos, Lays, Fritos, 12-24 oz. Bags, two for $6
Six rolls of Viva paper towels, $4.86
Two boxes (6 oz.) Colgate Whitening toothpaste, $4
Prescriptions for $4 on more than 360 generic drugs
Four bags (3.5 - 4 lb.) of Iams dog food or 20 13 oz. Iams cans