Adapted from a post at the Writing on the Wal.
Maybe you know that Wal-Mart had a bad Black Friday. The company also had a bad November. Its sales went down while those of its competitors, especially Target, increased sharply. In the course of explaining this situation, the Associated Press just told America that there is no Santa Claus:
One big issue plaguing Wal-Mart has to do with its prices. Consumers long believed if they shopped at Wal-Mart, they got the best price. And they were willing to put up with dated stores and sloppy displays so long as they were paying less.
But this year, that might not have held true. While the company has started remodeling — which also has turned off shoppers because of the disruption to the stores — most stores haven’t been redone yet. At the same time, Wal-Mart hasn’t always offered the lowest prices.
[Emphasis added]
Read More