You read that headline right. The power chain/super-store better known as Wal-Mart is preparing to do something drastic to keep their customers happy. The super-store has announced that it is planning to reduce grocery prices by $1 billion. According to reports the advantage Wal-Mart has over other stores like Kroger and Safeway, "is that it can make up for any losses it takes in the food isles in higher margin departments like apparel." Safeway and its compatriots have struggled meanwhile in this economic downturn to hold onto their customers but Wal-Mart Chief Merchandising Officer Duncan Mac Naughton stated that their super-store had seen an increase in business in the United States. To learn more about Wal-Mart's decision to "roll back the prices" you can go to: http://www.foxbusiness.com/news/2012/03/28/wal-mart-plans-to-reduce-grocery-prices-by-1-billion/#ixzz1qWxQ6gZq or www.cnn.com or www.msnbc.com.
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