Wednesday, October 4

Reduced packaging to save Wal-Mart $3.4 billion

No. 1 retailer says it will ask 60,000 suppliers to cut product packaging by 5 percent.

CHICAGO (Reuters) -- Wal-Mart Stores Inc., fresh from cutting the prices on generic prescription drugs, is taking on the packaging industry.

The world's largest retailer said on Friday it would push its suppliers to cut the amount of packaging used in products sold through the world's largest retailer by 5 percent under a five-year plan scheduled to begin in 2008.

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