Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart’s profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. “It is starting to heat up right now, and I would expect it to be at least as competitive as last year,” Steve Bratspies, executive vice president of general merchandise for Wal-Mart’s U.S.
Published in TZ Latest News 30 October, 2014 by The TZ Newswire Staff
Wal-Mart to expand discounts as retail price war heats up
Published in TZ Latest News 30 October, 2014 by The TZ Newswire Staff
Wal-Mart to expand discounts as retail price war heats up
Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart’s profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. “It is starting to heat up right now, and I would expect it to be at least as competitive as last year,” Steve Bratspies, executive vice president of general merchandise for Wal-Mart’s U.S.