Walmart, Retailer | featured news

PRICE CUTS: Wal-Mart Stores Inc. is trumpeting what it calls a large round of price-cutting on all of its products, including food. The world's largest retailer says it will cut prices on 10,000 items in stages.

THE SKEPTICS: Analysts question whether the changes differ meaningfully from the retailer's usual promotions. They also note Wal-Mart's prices undercut competitors less than they used to.
THE REASON: Analysts say the cuts are Wal-Mart's way of responding to toughened competition. The company's fourth-quarter report showed store traffic dropped.

For decades, the Walmart brand meant low, low prices. The big box chain is now going toe to toe with high-end grocery stores by offering high-quality from local small farms.

Controversy is brewing over reports that Walmart is selling a black Barbie doll for only half of what the white doll is being sold for, ABC News reports.

Walmart is set to make a play for your living room. The company has acquired online movie service Vudu, just over a month after rumors about a deal first surfaced.