Wal-Mart to limit price hikes despite supplier pressure

08/15/2008 | Reuters

Wal-Mart Stores says it is committed to holding the line on price increases despite growing pressure from suppliers responding to record-high commodity prices. The company has been forced to increase some prices but is cutting others in areas where consumers are most strapped. "The level of requests that we're getting right now for price increases is at the highest level that I can remember," said CFO Tom Schoewe.

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