BENTONVILLE, Ark. — Wal-Mart Stores here last week said it believes it is raising its retail grocery prices less than its competitors to cope with inflation. In a conference call discussing earnings for the fiscal fourth quarter and year that ended Jan. 31, Eduardo Castro-Wright, president and chief executive officer of the Wal-Mart Stores division, said the company saw cost inflation on “grocery food categories including dairy, meats and bread.” “We believe, however, that rate of ...
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