price cut

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As Sales Slump, Wal-Mart Cuts Prices

Watchers see ploy to hold on to middle class post-recession

(Newser) - Wal-Mart will discount around 10,000 items in the face of dipping sales, even as other retailers report increases in business. The move could be a ploy to hang on to middle-class shoppers, who flocked to the big-box behemoth in the depths of the recession but have been upgrading as... More »

Sony Unveils Smaller, Cheaper PlayStation 3

(Newser) - Sony cut the price of its PlayStation 3 by $100 today and introduced a sleeker but more powerful model, reports CNET. The PS3 Slim will sell for $299 when it's available Sept. 1. The new model is 33% smaller and much lighter, though it has a 120GB hard drive, up... More »

Leona's Mansion Makes History: Price Drops $50M

(Newser) - The asking price for the late real estate magnate-cum-jailbird Leona Helmsley’s Connecticut mansion has been slashed by $50 million, the Wall Street Journal reports. The 40-acre Greenwich property is now offered for $75 million, down from $125 million. Insiders think it could be the largest cut ever for a... More »

In Rare Move, Luxury Goods Peddlers Cut Prices

Economic downturn forces 'creative' thinking

(Newser) - Facing a worldwide economic downturn, some makers of luxury goods—designer clothes, bags, shoes—are breaking with long-held tradition and trimming prices in the US, the Wall Street Journal reports. Companies such as Chanel, Versace, and Chloe are making cuts of up to 10%. Still, when image is key, purveyors... More »

Wii Still Scarce; Price of PS3, 360 Likely to Fall: GameStop

Exec makes predictions on top devices

(Newser) - GameStop execs say they expect to be short on Wii consoles for the next two quarters and that $50 price drops are likely for the Xbox 360 and PS3. PSP shortfalls are also anticipated, but the PS3 should be well-stocked. The company’s CFO said several hardware prices cut were... More »

Sony Cuts PS3 Price For Xmas

(Newser) - Sony has slashed the price of PlayStation 3 by $100 in advance of holiday shopping; the cheapest console will now be a 40-gigabyte model for $399—down from $499 for a 60-gigger. PlayStation is the priciest of its rivals, and sales have lagged: Compared with 404,000 Nintendo Wiis and... More »

Early Adopters Yowl as iPhone Price Drops

Apple's $200 cut riles consumers, keeps rumor mill working overtime

(Newser) - Folks who ponied up for the first iPhones are angry that Apple has slashed prices by one-third only 2 months after unveiling them. Fuming over the $200 cut threatens to eclipse yesterday's iPod news, the Times of London reports. “Steve Jobs owes an apology to the million or so... More »

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