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On Monday November 22, 2010, 9:24 am EST
NEW YORK (Reuters) - Wal-Mart Stores Inc (NYSE:WMT - News) said it will
match rivals' prices on "Black Friday," upping the ante in the battle to win
sales on what is considered to be the kick-off to the U.S. holiday shopping
season and a gauge of how overall holiday retail sales will shape up.
Wal-Mart is one of the few retailers that will be open on Thanksgiving Day
this year, seeking to get an edge over rivals amid what forecasters say will
only be modest sales growth this year. Most Wal-Mart stores will be open
around the clock on Thursday.
Separately, Amazon.com Inc (NasdaqGS:AMZN - News) on Monday launched an
application on Apple Inc's (NasdaqGS:AAPL - News) iPhone that it said allows
shoppers to compare prices on a given item in brick-and-mortar stores with
prices on its own website and gives them the option to instantly order the
item through Amazon.
(Reporting by Phil Wahba, editing by Maureen Bavdek and Gerald E. McCormick) |
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