Tuesday, November 30, 2004

Prepare your goods for immediate price descent.
Wal-Mart Stores Inc., the world's largest discount retailer, on Tuesday signaled it will cut prices in the weeks before Christmas after a strategy against deep discounts backfired on the first weekend of the holiday shopping season. . . .

"While our prices were generally as low as they have ever been, our competition was even more aggressive. We have learned from this and will move quickly to respond to what our customer has told us during the rest of the holiday season," she said.
Good Lord, when a $15 DVD player isn't low enough, is Wal-Mart just going to start giving the stuff away?

Don't you give up on deflation, now, you hear?


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