Wal-Mart tracks shoppers and sees gloom about the economy

walletpop.com by Beth Pinsker | Oct. 22, 2008 (News Analysis)

If the politicians want to know more about the Wal-Mart moms they are courting, they now have a run-down of current shopping trends that are changing their spending habits. The head of the chain's U.S. operations, Eduardo Castro-Wright, talked after a town hall meeting in Los Angeles the other day about "disturbing behaviors" he was seeing on spending.
... Wal-Mart, being the world's largest chain, is in a position to notice a of trends, but these are ... Full Story »

Posted by Marsha Iverson

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Member Tags: US Economy, World Economy
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Posted by: Posted by Marsha Iverson - Oct 22, 2008 - 12:53 PM PDT
Reviewed by: Marsha Iverson (review), Lukas Eggen (review)
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Edited by: Marsha Iverson - Oct 22, 2008 - 12:54 PM PDT

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Marsha Iverson
4.2
 by Marsha Iverson - Oct. 22, 2008

Pinsker has paired an intriguing corporate trend report with a simple and vital question: How do we build an economic system that does not depend on retail spending? If everyone is worried about the economy, and everyone is seeking ways to spend less, the very actions we take to protect us from the crisis will most likely expand the crisis.

Have you ever been in a meeting or a performance when a microphone is inadvertently pointed at an audio speaker in the same system? The speaker amplifies the sound from the mic, which amplifies the sound from the speaker, which amplifies the sound from the mic...and so on, to infinity, at the speed of sound. This is an "infinite feedback loop" of audio magnification, distinguishable by that ear-piercing, speaker-destroying, nails-on-chalkboard screech that causes everyone to cover ... More »

And if people are changing their shopping patterns — buying at the beginning of the month and during fewer shopping trips to save on gas — that’s not so ... More »

Marsha posted this story.
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Lukas Eggen
3.5
 by Lukas Eggen - Oct. 23, 2008

It is pretty good. Not a lot of facts, but it was fair and balanced.

See Full Review » (11 answers)

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