Wal-Mart Gets Home in Order in Time to Make Gains
Wal-Mart’s investment in its home departments appears to be paying off, Wal-Mart vice chairman Eduardo Castro-Wright indicated in a conference call last week, with results for the department exceeding that of competing retailers. Even as grocery sales weaken under competitive and deflationary pressure, Wal-Mart is touting home as a positive, which is a victory long coming. Wal-Mart realized for years that it needed to upgrade its narrow and cluttered home goods sections. Problem was that the home furnishings sector was in serious decline by the time Wal-Mart decided to pull the trigger with manufacturers going into bankruptcy and even liquidation. The support the company could usually count on to help it reconfigure and upgrade display just wasn’t available. So, when…
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