Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag
Reuters reports that suppliers of everything from groceries to sports equipment are being squeezed for price cuts and cost sharing by Wal-Mart Stores. Moreover, they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week. The discount store has always had a reputation for demanding lower prices from vendors, but Reuters has learned that even by its standards – Wal-Mart has been turning up the heat on them this year. Reuters discusses in more detail.
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