"Wal-Mart has struggled in recent months on a mix of problems, including the
fact that its lower-income customers were hurt by soaring gas prices. But
the company's lackluster sales have persisted even as the cost of gas eased,
an indication that there are other factors that are dragging down Wal-Mart's
results." The full Associated Press article is here.
Is there a small crack in the giant's fortress? Some market forces may be at work here that they haven't had to address before...
3 comments:
Well, duh, the article says they're trying to sell too many skinny jeans.
"All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume." And then came skinny jeans.
Here's a good online source (not the only one though) for some detailed economic impact context to WalMart: Frontline's report will also air on Decemeber 12, 2006.
http://www.pbs.org/wgbh/pages/frontline/shows/walmart/view/
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