08-18-2013, 07:23 AM
Other than the headlines and share price I have never followed WMT all that closely either.
I have considered the competition from dollar stores and whether they cut into WMT's business I don't know but it's reasonable to assume they do because the business has to come from someplace.
I have to think that, given the culture of WMT management (almost ruthless) they can squeeze more out of their employees and suppliers. But there is a point where you just can't get any more out of something.
My wife's battery died Friday. I had charged it twice and it was shot, 4 years old I guess that's all the longer they last these days.
Autozone wanted $199, Advance Auto wanted $149, WMT had one for $99, same specs on cold cranking amps, and a little better warranty. Yes I had to park 1/4 mile away and walk in through the rain and I had to dodge a couple of comatose shoppers getting to the auto section, but to save $50-$100 on a quick shopping trip was worth it.
I have considered the competition from dollar stores and whether they cut into WMT's business I don't know but it's reasonable to assume they do because the business has to come from someplace.
I have to think that, given the culture of WMT management (almost ruthless) they can squeeze more out of their employees and suppliers. But there is a point where you just can't get any more out of something.
My wife's battery died Friday. I had charged it twice and it was shot, 4 years old I guess that's all the longer they last these days.
Autozone wanted $199, Advance Auto wanted $149, WMT had one for $99, same specs on cold cranking amps, and a little better warranty. Yes I had to park 1/4 mile away and walk in through the rain and I had to dodge a couple of comatose shoppers getting to the auto section, but to save $50-$100 on a quick shopping trip was worth it.