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WAL-MART CLAIMS THE "AFFLUENT" SHOPPING MORE AT
THEIR STORES
May 01, 2008 - LITTLE ROCK — More affluent customers are shopping at Wal-Mart Stores
(WMT) during the economic slump and a company executive said Tuesday that the retailer is in
position to keep those shoppers when the economy improves.
Eduardo Castro-Wright, CEO of Wal-Mart's U.S. division, told a New York gathering of analysts
at a Lehman Bros. retail conference that the company's emphasis on low prices is keeping
lower-income customers loyal and attracting more affluent shoppers who usually spend
elsewhere.
I haven't seen Paris Hilton or any other celebrities at the local Wal-mart near me. Hell, I haven't
even seen any cars that look expensive (besides the people on welfare and/or food stamps.)
It sounds like it's Wal-Mart's way of saying "you low class people built our company, but now
get lost so we can make room for the rich so we can also raise our prices."
Click on red link above to continue story.
Source: USA Today
THEIR STORES
May 01, 2008 - LITTLE ROCK — More affluent customers are shopping at Wal-Mart Stores
(WMT) during the economic slump and a company executive said Tuesday that the retailer is in
position to keep those shoppers when the economy improves.
Eduardo Castro-Wright, CEO of Wal-Mart's U.S. division, told a New York gathering of analysts
at a Lehman Bros. retail conference that the company's emphasis on low prices is keeping
lower-income customers loyal and attracting more affluent shoppers who usually spend
elsewhere.
I haven't seen Paris Hilton or any other celebrities at the local Wal-mart near me. Hell, I haven't
even seen any cars that look expensive (besides the people on welfare and/or food stamps.)
It sounds like it's Wal-Mart's way of saying "you low class people built our company, but now
get lost so we can make room for the rich so we can also raise our prices."
Click on red link above to continue story.
Source: USA Today
