Wal-Mart Bucks Tide, Sticks By VHS

The meteoric rise -- and falling cost -- of DVD technology has left the venerable VHS videotape technology in the dust. As a result, many major electronics retailers, including Circuit City and Best Buy, have either abandoned products in the VHS format or are phasing them out.

Most recently, the Target chain of discount stores announced that it will phase out VHS tapes by this September. Wal-Mart, however, denies published reports that it will stop selling VHS tapes after the 2005 holiday season. Says Wal-Mart spokeswoman Karen Burk, "We will continue to sell the VHS tapes as long as there is a demand from our customers."

Source: CNN/Money