BRITISH RETAILERS SLASH PRICES FOR WAL-MART'S ARRIVAL

LONDON -- The impending arrival in Britain of Wal-Mart Stores has inspired English retailers to cut prices and try innovative store formats.Safeway, Hayes, England, said it will launch a $46.8 million (30 million pound) price promotion aimed at boosting its flagging sales. The price promotion came as Safeway faced calls for its chief executive to resign because of the retailer's continuing poor performance.Safeway

LONDON -- The impending arrival in Britain of Wal-Mart Stores has inspired English retailers to cut prices and try innovative store formats.

Safeway, Hayes, England, said it will launch a $46.8 million (30 million pound) price promotion aimed at boosting its flagging sales. The price promotion came as Safeway faced calls for its chief executive to resign because of the retailer's continuing poor performance.

Safeway also announced plans to create more than 3,500 jobs by openin

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