Thursday, August 18, 2011
Just read a new article as to why Walmart will never regain its place as the top of the merchandising company in the world.This after showing a 6% increase in sales for the quarter. I was hoping for some new insights but found the guy's comments were semi-interesting restatements of most of the negatives that you and I have heard before. A negative in the writer's mind is Walmart's speedy entry and exit from different markets if there's no fit. To me the agility that an organization of Walmart's size can show boggles my mind and their inventory control system, wow! I haven't been in a part of the world where the serious Walmart haters live and picket the stores. My supposition is that most of the present day opposition is from union organizers (unsuccessful, so far). As far as the mom & pop stores-give me a break! Malls and chain stores killed that old-fashioned dream years ago except for a few downtowns kept alive artificially as pets or as tourist attractions. Goodbye to the old days, we barely remember you. Walmart rules!
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