What's up with Wal-Mart's US sales slump?

What's up with Wal-Mart's US sales slump?

Wal-Mart, stung by an embarrassingly long sales slump, is finally ready to do something about it. On Monday, Wal-Mart announced it is bringing back thousands of products that were unceremoniously dumped from stores, saying it is ready to roll up its sleeves to win the lowest-price battle with its rivals.

To show its resolve, the world's largest retailer is adding a new tagline to its slogan "Save Money. Live Better." That tagline, which will now appear throughout Wal-Mart stores is "Low prices. Every day. On everything."

"What our customers are telling us is that they want the right products in a one-stop shop at the lowest prices. We're trying to reestablish that message," said Duncan Mac Naughton, Wal-Mart's chief merchandising officer. Among the products returning to Wal-Mart shelves: Hellman's mayonnaise and Febreze and Glade trigger handle products.

Nationwide, Wal-Mart is also making localized additions to its stores. For example, the retailer is increasing fish supplies in Central Florida stores, adding more ice fishing and ice hockey products in Minneapolis, and boosting inventory of hiking and pool supplies in its Phoenix stores.

Read more: cnn