Does Wal-Mart give Rain Checks for merchandise?

Answer 1

Yes they do. The fine print on their sale papers states very clearly that they do indeed give rain checks. Here is Walmart's Advertised Merchandise Policy straight from the back of their sale paper.

Walmart's Advertised Merchandise Policy - We intend to have every advertised item in stock. However, we may not offer some items in all locations, and quantity or availability may vary due to unexpected demand or other circumstances beyond our control. If an advertised item is out-of-stock at your Walmart, upon your request, we will issue you a Rain Check so that you can purchase the item at the advertised price when it becomes available. In addition, we may offer to sell you a similar item at the advertised price or a comparable price reduction. "While Supplies Last" items, "Bonus" items, items identified as being available in limited quantities, and items that are not carried at your Walmart do not qualify for Rain Checks or offers of substitute items. "WHILE SUPPLIES LAST" items are items that we carry at a special price for a limited time or that we do not intend to continue to carry on a regular basis. "BONUS" items are items that include a bonus amount of the same item or an additional bonus item at no extra cost. "ROLLBACK" means that the advertised price is even lower than the previously offered Every Day Low Price. In all cases, we reserve the right to limit quantities to normal retail purchases or one-per-customer or household, and to exclude dealers. Our advertising circular may vary by geographic region, and any particular regional circular will apply only to stores in that region. Offers and limitations void where prohibited by law. We apologize for, but will not be bound by, any errors in our advertisements.