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November 9, 2006

All Business: Wal-Mart's woes could be good news for economy

By RACHEL BECK
AP Business Writer

NEW YORK — A simple jar of baby food might not say much about the state of the economy, except when Wal-Mart is involved.

The world's biggest retailer has slashed in half its price for some of its Gerber baby food, a bold move that no doubt is being welcomed by many parents with toddlers. It's also symptomatic of what's shaping up as a bruising brawl likely to break out among retailers nationwide as Wal-Mart Stores Inc. tries to re-ignite sales growth at its stores.


 
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