NEW YORK (Reuters) – Wal-Mart Stores Inc is slashing prices on flat screen
TVs and selling 12-pound turkeys for less than $5 each as the discounter looks
to appeal to shoppers preparing for the U.S. Thanksgiving holiday.
The efforts build on the retailer’s plan, announced last month, to slash prices
in its U.S. Wal-Mart stores every week until Christmas. It has already lowered
prices on popular toys and groceries, like bananas and ground beef.
The latest cuts include slashing the price of a Sharp 1080p 42-inch high
definition TV by 35 percent to $498 from $768, and selling a Sony Blu-ray player
for $148, down from its current price of roughly $197.
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