Is Wal-mart Growing Stonger as the Economy Grows weaker?

Noreen March 27

wal mart Is Wal mart Growing Stonger as the Economy Grows weaker?

A subject for constant debate about retail giant Walmart is the chain’s legendary low prices have democratized consumption, allowing low-income households to afford flat-screen televisions and nine-layer lasagna while at the same time economists say that those low prices have depressed domestic wages and exported manufacturing jobs to foreign countries, hurting Americans more than helping them. All of which has made Wal-Mart the most scrutinized business in the country.

So, what’s making Walmart stronger as the economy grows weaker? The financial turmoil strangling discretionary spending at many stores, is sending struggling consumers into the wide open arms of Wal-Mart. With a renewed emphasis on savings in these times the Walmart Brand practices just that. So while the economy may be on a downward spiral, there’s one saving grace in Walmart keeping their prices affordable for their consumers even in hard times.

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