Expect more price cuts to come. Here's the itemized press release:
WAL-MART ANNOUNCES ECONOMIC STIMULUS PLAN FOR U.S. SHOPPERS
Retailer Rolls Back Prices 10 to 30 Percent This Week on Thousands of Items for the Game, Health and Home
BENTONVILLE, Ark. – Jan. 29, 2008 – As the U.S. government finalizes its economic stimulus plan, Wal-Mart, which already saves American families $2,500 a year*, is adding some economic cheer of its own. Full details are in its latest home circular where customers will find Wal-Mart has rolled back prices on thousands of items - giving them 10 to 30-percent savings right now.
"We all know economic times are tough so our plan is to help with added savings throughout the year, focusing especially on what people want, when they need it," said John Fleming, chief merchandising officer, Wal-Mart. "Shoppers are depending on us to deliver the best price so they can stick to their plans, no matter what the economy throws at us. We won't let them down."
Against a backdrop of continued talk of a credit squeeze, Wal-Mart is concentrating on savings on the items customers need to buy at this time of year - unbeatable prices for the big game, fitness needs and home products. The retailer also is helping out with those higher-price items, offering no interest for 18 months on purchases of $250 or more with a Wal-Mart Credit Card.
Game fans preparing for the weekend will have savings in store to feed a party of 10 for under $50!**
ITEM QTY PRICE TOTAL
Pepsi 12-packs 4 4 for $10 $10.00
Tostitos Scoops 12-oz. bags 2 2 for $5 $5.00
with Tostitos 15.5-oz. dip 2 2 for $5 $5.00
DiGiorno 12" pizza 2 2 for $9 $9.00
5-lbs. bag of Tyson frozen chicken wings 1 $8.88 $8.88
Pringles chips 5 5 for $5 $5
Hillshire Farms Cocktail Smokies or Ropes 2 2 for $5 $5
with KC Masterpiece BBQ sauce 1 $2 $2
Stock up, for $6 or less …
*Doritos, Lays, Fritos, 12-24 oz. bags, 2 for $6 *Athletic T-shirts, $5 each
*6 rolls of Viva paper towels, $4.86
*2 boxes (6 oz.) Colgate Whitening toothpaste, $4
*$4 prescriptions on more than 360 generic drugs
For $10 or Less …
*Sterilite and Rubbermaid storage bins (29-35 gallon) for under $10, and 12 gallon for $5 each
*4 bags (3.5 – 4 lb.) of Iams dog food or 20 13 oz. Iams cans
*4 Pepsi 12- packs, 4 for $10
For Under $40 …
*5 gallon Shop Vac, only $29.96 (save 25%) *Software Quicken $25 and TurboTax Deluxe, $39.88
*45 count OTC Zyrtec available for less than $29
For Under $100 …
*RCA Home Theatre System for $98.96
*Flat Panel TV Stand at $98.88 or Motion LDC Wall Mount for $99.86
*The Ab Rocket at $99 and the Gold’s Gym Inversion System at $94.76 via www.walmart.com using Site to Store with free shipping
Even spend big and save, under $800
*Vizio 32 inch LCD TV at $597
*RCA or Polaroid 32 inch LCD TV/DVD combo at $683
*$498 Acer Aspire laptop or HP desktop bundle at $698
In addition, to efforts to spread the cost of a high ticket items over 12-18 months, Wal-Mart is adding other incentives for game fans who want that hi-definition experience now, including a $100 gift card for the $1,296 Phillips 42 inch LCD HDTV to save on accessories and more.
*Wal-Mart saves the average U.S. household $2,500 according to independent research conducted by Global Insight in 2006.
** Prices may vary slightly in some markets depending on state laws and competitive pricing.
About Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. Wal-Mart serves more than 176 million customers weekly in 14 markets. The Company’s securities are listed on the New York Stock Exchange under the symbol WMT. For more information: www.walmartfacts.com.