HAS WALMART BURNED OUT AMERICA’S RETAIL…?

When cotton was king in the Old South, plantation owners planted and replanted their fields until the soil was dead and then moved west in search of still-fertile soil. The First Quarter economic report out of Walmart makes me wonder. Has Walmart done the same thing with America's retail market? From The Associated Press:
Wal-Mart Stores' first-quarter net income rose 10 percent as the world's largest retailer benefited from cost-cutting and robust growth in its international business. But Wal-Mart said a key measure of revenue dropped for the fourth consecutive quarter as it continued to see a decline in customer counts at its U.S. namesake stores.
Profits are up, U.S. sales are down. Watch for news soon that Walmart is ramping up its push to expand in Asia. Jeff Hess: Have Coffee Will Write.

2 Responses to “HAS WALMART BURNED OUT AMERICA’S RETAIL…?”

  1. [...] Yesterday I wrote about Walmart’s First Quarter financials and sepculated that the beneath the headlines was a sense that Walmart had tapped out the retail soil of the United States and was moving on to Asia and other foreign markets. [...]

  2. [...] GETTING AHEAD AT WALMART… A 17-year-old asks the question: How does it work? What’s he’s referring to is getting ahead at Walmart, a job, he writes that: I like it a lot despite what people are saying about wal-mart. He asks a good question, but the lone response is better. Keep reading…HAS WALMART BURNED OUT AMERICA’S RETAIL…? When cotton was king in the Old South, plantation owners planted and replanted their fields until the soil was dead and then moved west in search of still-fertile soil. The First Quarter economic report out of Walmart makes me wonder. Keep reading… [...]

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