Wal-Mart sees a bargain-hunter's holiday

Orlando — Wal-Mart believes that opening price points will be an important element during the 2003 holiday season, and that's "what we see in the basket now," said Jay Fitzsimmons, svp, finance and treasurer.

"We're looking at opening price point to take a bigger percentage of total sales," Fitzsimmons told attendees at the Lehman Brothers' Retail Field Trip here yesterday.

Fitzsimmons added that Target has become more competitive on pricing and more aggressive in the consumables business, but said that Wal-Mart is determined to remain the price leader.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!