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.
lee scott
![Walmart CEO Thinks Consumers Have Finally Learned That Debt Is Bad](../../consumermediallc.files.wordpress.com/2012/06/freecoke.jpg?w=300&h=225&crop=1)
Walmart CEO Thinks Consumers Have Finally Learned That Debt Is Bad
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.
![Walmart Is Starting To Worry](../../consumermediallc.files.wordpress.com/2012/06/walmartstupidsign.jpg?w=300&h=223&crop=1)
Walmart Is Starting To Worry
“I feel we are well positioned for an economic downturn,” Scott said. “Our low prices and low-cost business model should give us an advantage over other retailers if things get more difficult for consumers.”
![Wal-Mart CEO Responds to Critical Film](../../consumermediallc.files.wordpress.com/2012/06/walmart_movie1.jpg?w=144&h=196&crop=1)
Wal-Mart CEO Responds to Critical Film
Here’s how much Robert Greenwald doesn’t like Wal-Mart: A lot. So many lots, in fact, that he made a movie about them and their evil ways.