BJ's Cites Strong Price Competition in Q2

NATICK, Mass. Wal-Mart Stores' ballyhooed rollbacks may not have gotten the response from consumers that the company wanted, but they sure captured the attention of competitors. BJ's Wholesale Club here cited an intense level of price competition from discounters and conventional supermarkets Wal-Mart in particular for sparking price investments of its own during the second quarter, leading to margins

NATICK, Mass. — Wal-Mart Stores' ballyhooed rollbacks may not have gotten the response from consumers that the company wanted, but they sure captured the attention of competitors.

BJ's Wholesale Club here cited “an intense level of price competition” from discounters and conventional supermarkets — Wal-Mart in particular — for sparking price investments of its own during the second quarter, leading to margins and profits coming in considerably below expectations last week.

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