“We never want to raise prices,” Walmart CFO John David Rainey told CNBC in an interview. “Our model is everyday low prices.

Tesco has reportedly asked suppliers to agree price cuts as it steps up its battle with budget supermarkets. The move is part of its shift to an "everyday low pricing strategy", which will see it ...

stating on its website that "Every Day Low Price (EDLP) is the cornerstone of our strategy, and our price focus has never been stronger." While also long associated with low wages, the retailer ...