FBD: Tough competition forces Walmart Canada to cut food prices

FoodClips

Source: Reuters

Walmart cuts prices on staples in Western Canada

TORONTO (Reuters) - Walmart Canada said on Friday that it plans to cut prices on staple goods in Western Canada as it ramps up a price war in that hotly contested area.

The company, a subsidiary of U.S.-based Wal-Mart Stores Inc., said the items include everything from milk and bread to eggs and butter.

The move comes as competitors such as Loblaw Cos Ltd , the country's biggest grocer, and Sobey's, a division of Empire Co Ltd, continue to expand in that area.

Read more [http://ca.reuters.com/article/businessNews/idCATRE62B2DF20100312]

Print | posted on Friday, March 12, 2010 10:41 AM

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