Wal-Mart promises big price cuts

21 July 2000



Wal-Mart promises big price cuts

AMERICAN retailer Wal-Mart has promised to shake-up the British retail sector with big price cuts in its new store opening in Bristol.

The 93,000 square feet Asda Wal-Mart store in will be four times the size of the average British supermarket.

Wal-Mart says it will discount items by as much as 60% and plans nine more stores within five years, some specialising in low-price food, reports The Times.

In The Daily Telegraph Charles Glover fears that Wal-Marts cost-cutting could at the expense of environmental standards and working conditions.

Wal-Mart last year took over Asda in a 6.7bn deal.