It's great if you attract lower income shoppers looking for low prices, but what if those shoppers who were really struggling between 2000 and 2003 now have jobs They might be spending more and looking for different merchandise...maybe something Wal-Mart doesn't have.
More Quotes from Richard Hastings:
China could choose to retaliate against yesterday's announcement by hiking up prices on a key export to the U.S. or suspending purchase of certain commodities from the U.S,Richard Hastings
Unlike Europe, Asian markets are more receptive to big-box formats, ... The model of relationships between households, labor, production, the market and resources are more easy to replicate there.
Richard Hastings
January is not just clearance month anymore. It's winter-season full-price selling, because Christmas and holiday merchandising is really promotional. These days, that's when you see the really deep discounts.
Richard Hastings
Management is concerned about return on invested capital and return on shareholder equity and that's the focus. Everything else takes a backseat to that.
Richard Hastings
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,
Richard Hastings
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