Wal-Mart Message Board - Msg: 12983844

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Non-Tech : Wal-Mart

WMT 102.32

+0.7%

3:59 PM EST

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To: Robert J Mullenbach who wrote (1010)	2/26/2000 7:05:00 PM
From: TechMkt	of 1166

Nestle says Wal-Mart squeezing its margins By Rex Nutting, CBS MarketWatch Last Update: 3:46 PM ET Feb 26, 2000 VEVY, Switzerland (CBS.MW) -- Nestle, the Swiss food giant, is worried that Wal-Mart's invasion of British retailing will put more pressure on prices and profit margins for food manufacturers, the Times of London reported Saturday. Reporting 1999 earnings of $2.9 billion, Nestle (NSRGY: news, msgs) Chairman Peter Blackburn warned Friday that "Wal-Mart (WMT: news, msgs) has set itself up as the consumer's champion." See related story. "The big issue facing everyone today is price and no one has price increases on the agenda," Blackburn said.

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