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Wal-Mart Demands Lower Prices For Goods Made In China

September 23, 2015: 12:00 AM EST
Wal-Mart Stores Inc. is demanding lower prices from its suppliers that manufacture their goods in China. Seeking to share in the savings generated by China’s devaluation of the yuan, Wal-Mart managers in various countries have reportedly asked price cuts of 2 percent to 6 percent. Aimed at helping Wal-Mart maintain its “everyday low cost” or EDLC, the demand for cost cuts will cover mainly general merchandise, including home furnishings, apparel, and health and beauty products.
Nathan Layne and Nandita Bose, "Exclusive: Wal-Mart presses suppliers to share benefits of cheaper yuan", Reuters, September 23, 2015, © Thomson Reuters
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