Professor Mark J. Perry's Blog for Economics and Finance
FT.com -- Wal-Mart, the world’s largest retailer, beat expectations after its US discount stores accounted for about 50% of all US retail growth during 2008 – while its full-year global sales passed $400 billion for the first time (see chart above), and profits hit $13.4 billion.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
Junk sells, especially when people don't know it's junk or are forced by practicality.
"forced by practicality"
How do you force a person to buy merchandise?
Aren't you overlooking all of the other stuff that Walmart sells...like Tropicana orange juice, or milk..which like majority of groceries sold at Wallmart are made/grown in the U.S.?
If the products are soooooo bad, why do people shop at Walmart even...dare one suggest prefer shopping at Walmart?
The evidence of millions of shoppers who have helped to make Walmart the world's most successful retailer seem to suggest that Walmart is getting something right.
No one is forcing you to shop at Walmart so one must assume that you feel virtuous paying 20%-30% more for groceries. Enjoy!
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