Walmart to cut prices weekly for holidays

October 21, 2009 1:18:00 PM PDT
Wal-Mart Stores Inc. is stepping up its game in price cutting. The world's largest retailer says it will cut prices for a week at a time on thousands of items, from bananas to board games, through the holiday season.

The announcement comes as the discounter tells investors about its strategies at a two-day analysts' meeting that began Wednesday.

The nationwide cuts start this week with bananas selling for 39 cents per pound; rolls of lean ground beef for $1.25 per pound and select board games for $15.

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