Carpe Diem:
One study, by the economic
consulting firm Global Insight, calculates that Wal-Mart saves American
households an average of $2,300 a year through lower prices, or a $263
billion reduction in the cost of living. That compares with $33 billion
savings for low-income families from the federal food stamp program.
…
Carrefour’s new CEO,
42-year-old José Luis Duran, is trying to whip the retailer into shape.
Since taking over in February 2005, he’s slashed prices in Carrefour’s
core French market to combat the rise of discounting rivals. He hopes
to make the company quicker and nimbler.
42-year-old José Luis Duran, is trying to whip the retailer into shape.
Since taking over in February 2005, he’s slashed prices in Carrefour’s
core French market to combat the rise of discounting rivals. He hopes
to make the company quicker and nimbler.
Carrefour
faces a bigger threat than ever from Wal-Mart, which is pushing
overseas as its growth slows down in the U.S. Wal-Mart has a greater
presence in North America and Latin America, while Carrefour operates
in more European and Asian countries. But they face off in three of the
world’s biggest markets: China, Brazil and Argentina.
faces a bigger threat than ever from Wal-Mart, which is pushing
overseas as its growth slows down in the U.S. Wal-Mart has a greater
presence in North America and Latin America, while Carrefour operates
in more European and Asian countries. But they face off in three of the
world’s biggest markets: China, Brazil and Argentina.
Bottom Line: Wal-Mart saves consumers billions of dollars annually all over the world who shop AT Wal-Mart, and the intense competitive pressure FROM Wal-Mart, saves consumers billions of dollars annually all over the world who shop AT non-Wal-Mart
stores like Target, Carrefour, K-Mart, etc. So even those consumers who
might hate Wal-Mart and shop at Target or other discount retailers,
STILL benefit from Wal-Mart, because without Wal-Mart, Target’s prices
would be HIGHER.
stores like Target, Carrefour, K-Mart, etc. So even those consumers who
might hate Wal-Mart and shop at Target or other discount retailers,
STILL benefit from Wal-Mart, because without Wal-Mart, Target’s prices
would be HIGHER.
What’s not to like?
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