gossip
Fortune has an interesting article about a Target that opened up in Walmart country. The store is located about seven minutes from "Wal-Mart No. 1", the first Wal-Mart ever built, and 20 minutes from Walmart's headquarters in Bentonville, AR. At first, Target was concerned that the Walmart faithful wouldn't shop at their new store — but they worried needlessly. Apparently, former CEO
Lee Scott and current CEO
Mike Duke are regulars.
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poll
Retailers are hoping that the credit crunch ends and consumers will start spending like crazy again — but
Walmart's CEO Lee Scott doesn't think that's going to happen.
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recession watch
Previously exuberant Walmart is getting a little worried about the economy, according to
CNNMoney.
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