Yahoo:
Defying the gloom that many retailers are feeling, Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off over the holidays with a 4 percent rise in fourth-quarter profit.
The world's largest retailer, emerging from a yearlong turnaround effort after sales stumbles in 2005 and 2006, said Tuesday that aggressive holiday discounts and improvements in its more than 4,000 U.S. stores boosted sales despite consumer worries.
I wonder how many of Wal-Mart's detractors will acknowledge that Wal-Mart is making sure that people have solid paying jobs, and inexpensive goods to ease the burden of a slowing economy.
Comments
0 comments to "Conspiracy Alert: Wal-Mart Is Responsible For Bad Economy"
Post a Comment