Wal-Mart makes Gains in Troubled Economy
Wal-Mart is posting steady gains while other retailers are struggling as the economy cools off. Wal-Mart is in a favorable position compared to other trendier competitors due to the inelasitic nature of the goods they sell. People always need staple goods to survive whether in a recession or not. As household budgets tighten, buyers that may have once shopped at Target and now opting for Wal-Mart due to their comittment to low prices.