Sunday, March 4, 2012

COMPETITORS ATTACK WAL-MART'S LOW PRICE POLICY.(BUSINESS)(Correction notice)

Byline: JAMES JEFFERSON - Associated Press

Wal-Mart prices its pharmacy products so low that Dwayne Goode shops there to stock his drugstore with toothpaste, mouthwash and other items.

But Goode, owner of American Drugs Inc. of Conway, wasn't gloating Monday about the bargains he got; he was testifying in a lawsuit that he and two other local pharmacy owners have brought against Wal-Mart Stores Inc.

The merchants, seeking $1.1 million in damages, charge that the world's

largest retailer prices merchandise below cost in an effort to drive smaller competitors out of business.

Wal-Mart's prices "have had a negative effect on …

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