From the Things You Never Thought Possible if you Listen to Liberals file: Wal-Mart “humbled.”
Wal-Mart, humbled king of retail, plots rebound
What? Wal-Mart humbled? Get out. Wal-Mart is the Armageddon of retail business. With their sheer size and market share, no other business can stand up to them, big or small. With their reflex to evil and their total disdain for fair play? The way they drive all before them? Crushing their enemies, hearing de lamentations of de women?
Pshaw.
Over the last year, revenue at Wal-Mart stores open at least a year has fallen by an average 0.75 percent each quarter, according to the International Council of Shopping Centers. Revenue rose by an average of nearly 1.7 percent at Target, 8 percent at Costco and 5.9 percent at Family Dollar.
To fight back, Wal-Mart is again emphasizing low prices and adding back thousands of products it had culled in an overzealous bid to clean up stores.
Bernadette Clark used to visit Wal-Mart here twice a week. Now it’s twice a month. She got fed up last year when Wal-Mart stopped stocking some of her favorite brands and she couldn’t count on low prices.
“It gave me the opportunity to look elsewhere,” she says. “I shop around more.”
Three years ago, Wal-Mart ruled for convenience, selection and price. But today it is losing customers and revenue, and smarting from decisions that backfired.
So what this story would have us believe is: no matter how big Wal-Mart gets – no matter how demonized by the anti-capitalist forces of ignorance – they still have to compete, make good decisions, or face the consequences?
They still have to make customers happy?
Note, as well:
It’s also plotting an expansion into cities, even neighborhoods where others dare not go.
Expanding into areas without quick access to retail? Providing jobs in those same areas?
Those bastards!
Comments are closed.