Take no prisoners…….
We win, nya nya .
“Wal-Mart isn’t doing anything exciting. Their [same-store] sales increases are still much softer than where they used to be,” he said, alluding to the retailer’s same-store sales gains of 6% and higher in the mid 1990s.
But if Wal-Mart ends the year with less unsold merchandise, that will position it to emerge a winner in the New Year, he said.
“The question becomes who is in the best position to take advantage if the consumer does comes back in 2009,” he said. “I think it’s retailers who have low inventory and are financially stable.”
Wal-Mart rival Target has struggled with slowing store sales as its higher-income shoppers shifted some of their purchases to lower-priced discounters including Wal-Mart.