Wal-Mart: Back to Basics for the Holidays

The No. 1 retailer refocuses on deep discounting after its up-market strategy led to a disappointing third quarter

This year, Wal-Mart Stores (WMT) has tried to woo upscale shoppers with high-end organic food, sexy flat-panel TVs, and fashionable apparel from its new Metro 7 line.

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