Retail
Are Price Cuts Undermining Wal-Mart (WMT) Earnings?
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Walmart (NYSE:WMT) has cut prices on products from food to book downloads to toys. It offers $4 prescriptions at its in-store pharmacies. Does the world’s largest retailer make any money on these products? It won’t say. But $10 toys and $9 electronic books must have tiny margins, if they have any margins at all.
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