April 08, 2005
"not done as good a job as Sam Walton did"
Bob Buchanan, a retail analyst with A. G. Edwards & Sons, was quoted extensively in this NY Times article, "Wal-Mart Is Going Upscale. Well, at Least a Little."
He nailed it when saying:
The new premium additions are "barking up the right tree," Mr. Buchanan said, "but it'll be awhile before they can re-establish merchandise creativity at 3,000 stores across America. In recent years, they have not done as good a job as Sam Walton did in identifying merchandise trends."
I think they've strayed from where Walton was headed, especially with Walmart folks making statements like this:
"We're looking to take advantage of who's coming in now," she said. "There's so many people we can serve today. That's our first initiative. Then we can figure out how to get the other half of the country."
