Wal-Mart Reigns King of Retailers
January 1st, 2009
Namely, the global discount chain, Wal-Mart has been fortunate to witness modest profit growth throughout 2008 and is expected to continue to see revenue increases through 2009. Consumers have flocked to the retailer to take advantage of their discount prices and “Always Low Prices” to stretch their dollar to cover necessities such as food and gas in the one-stop shop Wal-Mart offers customers. Not only can they grocery shop, get their oil changed and tires rotated, but they can pay a visit to the onsite optometry center to get a quick eye exam before heading home.
Whether for their “Always Low Prices”, accommodating shopping scene, or the like, the giant retailer is no doubt reaping revenue earnings while other retailers such as Levitz Furniture and Sharper Image have filed for bankruptcy protection. While observers anticipate economic conditions to improve over the next year, consumers will most likely continue to patronage the discount retailer, yielding significant profit growth for Wal-Mart in comparison to other retail stores.