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Wal-Mart cuts prices more aggressively for back-to-school

from Bloomberg

Wal-Mart Stores Inc. plans to cut prices more aggressively during this year's back-to-school season and will add inventory to its online store as the chain battles retailers for student spending. Wal-Mart will reduce prices on 10 percent more items this year, said Steve Bratspies, the company's executive vice president for U.S. general merchandise. The number of back-to-school items Wal-Mart sells online will grow 30 percent to 75,000, he said. more


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