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Wal-Mart plans to reduce grocery prices by $1 billion

from Fox Business

Wal-Mart Stores Inc. will lower grocery prices by $1 billion, hoping customers will come in for the reduced costs and then fan out to other parts of the store. The retailer is taking the step to continue, or even increase, progress its U.S. stores began to see in the second half of last year, when U.S. comparable-store sales turned positive. more

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