The Best and the Worst about Wal-Mart

Not Affiliated with Wal-Mart in Any Way

WM Enters and Big Grocers Cut Prices

This is how WM benefits the everyman:

Giant Eagle Inc. will cut prices on about 3,000 brand-name items to keep pace with competition from Wal-Mart, the supermarket chain announced.

The average 7 percent discount should save customers about $35 million a year, said officials with Giant Eagle, based in the Pittsburgh suburb of O'Hara Township. The company has 221 stores in western Pennsylvania, Ohio, West Virginia and Maryland.

Correct me if I'm wrong, but an average seven percent price reduction is a tremendous markdown for a grocer.

Posted by Kevin on November, 5 2004 at 02:46 PM