The economic and competitive environment is brutal, but, as the old saw goes, there may be some opportunities to make those lemons into lemonade. While Wal-Mart's “Win-Play-Show” strategy could result in even sharper pricing on many of the most popular items it sells, retailers who compete against the Bentonville, Ark.-based giant might find ways to capitalize by seeking deals on local favorites that have been cut as part of Wal-Mart's strategy. “I think it's clear that Wal-Mart is ...

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