The risk for Wal-Mart is that as wages improve, consumers will go to alternative retailers such as Home Depot, Gap, Bed, Bath Beyond or a Best Buy for better quality and more variety of products,
More Quotes from Richard Hastings:
They're paying attention to their problems. They are aware that when it comes to store-level execution there are problems and they're paying attention to it.Richard Hastings
Will the anticipation of more expensive bills hurt holiday sales I don't think so. I think consumer spending will see more of a marginal change rather than a substantial change, primarily at the lower-income level.
Richard Hastings
There are five business days until the comparable-store sales figures come out. Stores will be assessing things, and we could see some warnings, if they haven't done well.
Richard Hastings
All that a week ago was neatly put out there. Today Mother Nature took all of it.
Richard Hastings
For a company doing about 1920 billion in sales, this is not a big float.
Richard Hastings
The fact that the Chinese currency is pegged to the dollar helps eliminate the inflationary effect on goods from China, ... The U.S., however, doesn't see that benefit from its other trading partners.
Richard Hastings
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