Dominick’s cuts prices to compete

Chicago Grocery chain Dominick’s slashed prices up to 30% on some items in order to compete for its share of the Chicago market, according to a Thursday report in the Chicago Tribune.

The price-cutting spree follows a similar move in April by Jewel, and it mirrors pricing battles across the nation as supermarket chains battle a weak economy and increasing competition from big discount food retailers, particularly Wal-Mart, according to the article.

The price cuts are as high as 30% on some items, according to Don Keprta, president of the Dominick's division of Pleasanton, Calif.-based Safeway.

Dominick's is the Chicago area's second-largest grocery chain.