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Wal-Mart cuts prices on food ahead of holidays


bigjimslade

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I just got this from the wire services.....Just an FYI!

 

http://news.yahoo.com/s/nm/20061121/bs_nm/retail_walmart_food_dc

 

CHICAGO (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - news), the largest seller of food in the United States, slashed prices on hundreds of grocery items on Tuesday, putting more pressure on mainstream grocers just two days before Thanksgiving.

 

Wal-Mart, the world's largest retailer, has already cut prices on toys, appliances, electronics and apparel to attract more holiday shoppers. Now, it is trimming prices on hundreds of fresh and dry grocery items.

 

The retailer said that the price of many food items would be lowered by as much as 20 percent. Some items were discounted more heavily.

 

The prices of some items for Thanksgiving dinners are being slashed. A six-ounce box of Stove Top stuffing sells for 88 cents, down from $1.44 to $1.74 per box. A can of Ocean Spray cranberry sauce is now 88 cents, down from $1.14 to $1.36.

 

Among the other rollbacks, a 26.4-ounce pack of boneless skinless chicken breasts from Pilgrim's Pride Corp. (NYSE:PPC - news), Tyson Foods Inc. (NYSE:TSN - news) or Perdue will now sell for $4.74, or $2.87 per pound, down from $5.35, or $3.34 per pound.

 

The retailer, which is based in Bentonville, Arkansas, said the lower prices, or rollbacks, would be in effect throughout the season.

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I don't really understand why people would buy poultry products from WalMart.. It just doesn't seem right to me for some reason.. I guess I prefer places that don't use all pre-packaged Tyson products..

Remember when Food Lion use to bleach there meats and repack them in the early 90's?

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