Dear Wal-Mart: Rush Is Canadian
NEW YORK (TheStreet) -- It struck me kinda funny to see Wal-Mart
At one time, WMT might have been the stock you buy, hold, accumulate, forget about and leave to your grandkids. Like McDonalds
But that's probably no longer the case. Wal-Mart provides what could be a cross-industry case study for competing on little more than price. It's probably not the best route to take if you're a tech company attempting to challenge Apple
shoppers paid 2.7% less on purchases than Wal-Mart shoppers in January ... Dollar General shoppers paid .2% less ...
The cost of the baskets has dropped by $9.37 and $4 at Family Dollar and Dollar General, respectively, since May 2013. By comparison, the cost of the baskets has increased $2.36 at Wal-Mart.
Wal-Mart never had a viable exit plan from the slums. Now, it's in trouble. And it's aiming for a nostalgic shot to the heart by way of the dulcet tones of the great Geddy Lee.
--Written by Rocco Pendola in Santa Monica, Calif.