Wal-Mart starts $1 program [View All]

[OhioChick]

Source: Reuters

15 May 2009, 0211 hrs IST, REUTERS

SAN FRANCISCO: Wal-Mart Stores Inc is offering aisles filled with merchandise priced at $1 and taking other steps to boost sales in its second quarter, an executive said in an interview on Thursday.

Earlier in the day, the world's largest retailer reported a flat first-quarter profit. In its current second quarter, it now faces tough comparisons with a year ago, when its results were boosted by customers spending tax rebate cash in its stores.

Treasurer Charles Holley said Wal-Mart has planned a number of merchandising initiatives to appeal to cash-strapped shoppers, including its dollar program.

"If you go down the aisles, you'll see an aisle where everything is $1, and we'll be doing more things like that throughout the next couple of months," he said.



Read more: http://economictimes.indiatimes.com/International-Business/Wal-Mart-starts-1-program/articleshow/4532034.cms

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Cheap, poisonous Chinese shit now to cost a buck. :eyes: