Wednesday, April 19, 2006

Wal-Mart Playing Catch-Up With Target?

Wal-Mart stock down 4% last year. Target stock is up 7%. How does Wal-Mart plan to catch up? Well, maybe creating a fictional cast of characters will help it boost lackluster sales.

Wal-Mart is claiming they don't want to be like Target in spite of the fact they are now building 'upscale' Wal-Mart stores in some areas.

Vice Chairman John Menzer said. "Our customers are moving from a focus on price, to a focus on value, and we are moving with our customers."

What exactly does that mean Mr. Menzer? Why can't we have quality goods for a slightly higher price? Isn't that value? Wouldn't treating your employees better be a value to you, them and their community?

No comments: