Wal-Mart Stores Inc. on Friday said it lowered prices on nearly 100 electronics including plasma televisions, digital cameras and mobile phones, getting a jump on the holiday-season price wars.
The world’s biggest retailer has vowed to aggressively cut prices this holiday season as it tries to lift anemic sales at its U.S. stores. In October, it cut prices on a selection of toys and games, which it said boosted sales volume.
The latest markdowns include a $500 cut on a Panasonic 42-inch plasma television to $1,294. Rival Best Buy Co. Inc. offered a similar Panasonic 42-inch plasma television for $1,708.99 on its Web site.
