Posted by ChiefJack Hawk on Wednesday, October 13, 2010,
In :
Business
Anything bad that happens to Wal-Mart is good news, and this one had me rolling on the floor. Earlier this year, the retailing giant passed a series of large price cuts, known in Wal-Martese as "rollbacks". Wally M hoped that this would generate a higher customer count in stores, and it did, but not with the expected results. Savvy shoppers walked in, bought the "rollback" items, then went on to their regular stores for the rest of their grocery shopping, leaving Wal-Mart bleeding heavily.... Continue reading ...
Wal-Mart's Latest Competition Killing Strategy
Posted by ChiefJack Hawk on Tuesday, September 21, 2010,
In :
Business
Everyone knows, or at least has heard, that Wal-Mart is the greatest enemy of retailing across the globe. They try to throttle the competition, are now planning their own cell phone service, and have even tried to open their own banks so they can control your money from the time you're paid to when they've got it all. Their latest ploy is now under way as the giant company is aggressively buying up small urban properties, about 20,000 square feet each, in urban areas for the creation of "ba... Continue reading ...