Wal-Mart announced Tuesday that it will chop prices between 10 to 30 percent this week on groceries, electronics and other home-related products

[almaty 19]

NEW YORK (CNNMoney.com) -- Wal-Mart announced Tuesday that it will chop prices between 10 to 30 percent this week on groceries, electronics and other home-related products in an effort to keep its cash-strapped consumers excited about shopping.

While its rivals, including Target (TGT, Fortune 500), have seen sales decelerate dramatically in recent weeks from a consumer spending slowdown, Wal-Mart (WMT, Fortune 500), the world's largest retailer, is actually benefiting from more shoppers trading down to its discount stores.

Wal-Mart recently reported that its December same-store sales rose 2.4 percent, which was at the high-end of its expectations for the month.

Same-store sales, a key gauge of retail store performance, tracks sales at stores open at least a year.

"We all know economic times are tough so our plan is to help with added savings throughout the year, focusing especially on what people want, when they need it," said John Fleming, Wal-Mart's chief merchandising officer.

However, one retail analyst said the timing of the price cut, coming just ahead of the Super Bowl weekend, is a clever marketing move by Wal-Mart.

"Super Bowl is a sales driver for Wal-Mart, particularly for consumables and electronics. For Wal-Mart to piggyback off that event is a smart marketing strategy," said Michael Niemira, chief retail analyst with International Council of Shopping Centers.

In addition to the extra discounts on"thousands of products," the retailer said it will offer no interest for 18 months on purchases of $250 or more with a Wal-Mart Credit Card.

Wal-Mart said for $10 or less, its shoppers can bag 4 Pepsi 12-pack cases and 2 DiGiorno 12-inch pizzas. In electronics, Wal-Mart is selling an RCA Home Theater System for $98.96 and a RCA or Polaroid 32-inch LCD TV/DVD bundle for $683.

[AnewKINDofFEELIN 0]

Still won't get me to shop there.

[JenT 0]

Oh good... I need a new DVD player... think I'll wait until the weekend....

[almaty 19]

wal-mart....is popular in the metro-east.... i go there and buy certain items...like bird seed....raccoon/possum food....etc...

[Dr. Obvious 49]

I still doubt I would go there. I just prefer Meijer if I have to have to pick the discounter I hate the least. It isn't as trashy as Wal-Mart and doesn't have the snottiness of Target.

[almaty 19]

Oh good... I need a new DVD player... think I'll wait until the weekend....

sister jen..get one that records....

[w¡n9Nµ7 §£@¥€r 123]

I think I'll stick to Target.

[Sister Fracas 5]

Target is snotty?

[almaty 19]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

[w¡n9Nµ7 §£@¥€r 123]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

The only thing Wal Mart is missing are the drive by shootings in the parking lot.

[AnewKINDofFEELIN 0]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

The only thing Wal Mart is missing are the drive by shootings in the parking lot.

Sounds like you need to visit a Super Wal-mart!

[almaty 19]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

The only thing Wal Mart is missing are the drive by shootings in the parking lot.

lol....and that happens allot farther south you go....of course, it is not gangsters..but bubba seeing a deer in the field next to the wal-Mart

note; poaching is wrong

[w¡n9Nµ7 §£@¥€r 123]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

The only thing Wal Mart is missing are the drive by shootings in the parking lot.

lol....and that happens allot farther south you go....of course, it is not gangsters..but bubba seeing a deer in the field next to the wal-Mart

note; poaching is wrong

The south sounds like it really sucks.

[Dr. Obvious 49]

I find a lot of people who shop there loyally seem to live under the illusion that they are supporting a nobler cause by shopping at Target. They aren't. I don't notice any particular substantial difference between Target and Wal-Mart beyond that Target is more expensive, probably as part of a marketing ploy to make it seem better than it is.

[almaty 19]

I think I'll stick to Target.

you snotty uppity chopf##k... this week-end go to Aldi's. Big Lots. and Wal-Mart..meet interesting people

The only thing Wal Mart is missing are the drive by shootings in the parking lot.

lol....and that happens allot farther south you go....of course, it is not gangsters..but bubba seeing a deer in the field next to the wal-Mart

note; poaching is wrong

The south sounds like it really sucks.

lol....i suggest a nice vacation..for you and your lovely wife..to tennessee...western georgia...mississippi...and alabama.......good learning experience....