Wal-Mart continues to improve its profits
Despite natural disasters that have occured throughout the nation, and even having countless stores shut down because of the disasters, Wal-Mart has pulled through, making a 3.8% increase in profits, according to this Wal-Mart article. While the holiday season is approaching, and Wal-Mart is hoping to capitalize handsomely, they are also trying to focus on the emergence of some of their new products, including stylish clothing, and home electronics. I think this is smart, because while nearly all companies expect their sales to boom during the holidays, it is important to constantly seek out new ways to keep a hold in the market place. In the case of Wal-Mart, perhaps they haven't been as known for their sleek clothing, or quality technological products, but who's to say that won't change? Wal-Mart has made billions because of their marketing genius in offering low prices, and supplier bargaining power, and I believe that they have the potential to propel to an even higher place in the market with their continued focus on clothing, and electronics.
Posted by Morgan at 11/14/2005 09:26:00 PM