Friday, May 11, 2007

Wal-Mart posts worst sales decline ever

As much as Wal-Mart's woes make me want to smile, odds are this will (or has) negatively impact most retail stocks , including my own. :(

Their new master strategy of place high traffic items at the end of aisles to save shoppers time might be great if Wal-Mart's weren't so fricking huge. I think the customer at the end of the story summed it up... it would be worth paying a few cents more to save the time by going somewhere else.

Just remember, when you are waiting in line at any store and wishing they would put out more cashiers and/or better ones, those cost money. And since everyone has to compete with Wal-Mart, they have to cut costs to survive, which means less money for labor (after the Cost of Goods, the largest expense). So blame Wal-Mart. >:)

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