Wal-Mart to cash tax rebate checks for free [View All]

[Robb]

Source: Reuters

NEW YORK (Reuters) - Wal-Mart Stores Inc unveiled plans on Tuesday to entice U.S. shoppers to spend their tax rebates in its discount stores, offering to cash the checks for free and saying it has cut prices on staple items such as cereal and lunch meat.

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Wal-Mart has cut prices on basic items like shampoo, juice and sports drinks to coincide with distribution of the rebates. It plans to announce more price cuts in coming weeks.

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Retailers are eyeing the rebates as a way of boosting business, and many have plans to get shoppers to spend the cash in their stores.

Sears Holdings Corp is offering a 10 percent bonus if customers convert their entire stimulus check into a Sears or Kmart gift card. For example, if the check is $600, Sears will give consumers gift cards for $660.

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Read more: http://www.reuters.com/article/newsOne/idUSN2929266120080429

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Look! There's room at the bottom still! Go Wal-Mart! :eyes: