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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.