EDLP

It stands for Every Day Low Prices, which has been the WalMart mantra for as long as anyone can remember. Today, The Financial Times has a long interview with Lee Scott, WalMart's CEO, which is terrific. The only problem is you may need a subscription to FT.com to read it.

Elsewhere in WalMart news, the company announced yesterday that it would begin offering financial services (in the form of money transfers) to its enormous customer base. Adios Western Union. And good riddance.