Originally Posted by catmcclure
Originally Posted by QBeth
Just read this story online about Wally World sales being down and what they think caused it. If anything, the story lends hope to keeping fabric at WalMart. Check out the fourth paragraph.
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NEW YORK (TheStreet) -- Wal-Mart's (WMT) issues may have nothing to do with price or assortment, but a change in shopping patterns.
The discount behemoth's new CEO Bill Simon attempted to quell investors fears during Goldman Sachs' Global Retail Conference taking place in New York this week, regarding declines in U.S. same-store sales.
"Today's consumers are opting more for shorter, quicker and more focused shopping trips -- not the 'stock-up' trips their mothers would take -- and Wal-Mart's U.S. stores are simply not designed for either the convenience or opportunistic shopping mission," Johnson said in a report. "Wal-Mart's real sales problem lies not in its 'Action Alley,' but in its anatomy -- 160,000-plus square feet stores that consumers find hard to navigate quickly or easily."
Maybe writing to WalMart's CEO is counterproductive. Maybe we should contact Goldman Sachs and explain to them why we shop less at WM. I wrote the CEO several years ago when our local WM lost it's fabric section thanking him for saving me money. I explained that I had formerly been going to WM at least two or three times a week for a piece or two of fabric and always ended up buying $50 to $100 in groceries and other items. When I quit shopping for fabric there I only went in once or twice a month and was spending a lot less money.
This just might be the best way to make our point...certainly hasn't done any good going to Walmart. Maybe shareholders need to know what the customers think..imagine that..."listening to the customer" Novel idea!!@!@!@