Walmart executives have likely been thanking their...

2008-11-14T08:12:09.844-08:00

Walmart executives have likely been thanking their lucky stars for the economic downturn we're experiencing; they're reaping all the benefits. Not only have they been draining our economy for years, but now they're benefiting from our economic loss.

From a Wall Street Journal article today:

"Behind the figures is a confluence of trends fueled by the downturn. As strapped consumers look for cheaper goods, and weaker retailers go out of business, Wal-Mart is using its unmatched economies of scale to drive down prices, undercut competitors and squeeze costs out of suppliers ever more dependent on the Bentonville, Ark., behemoth."

All these companies must now pray at the altar of Walmart; to borrow a phrase, they are suppliers at the hands of an angry retail giant.

Comments on Gauging Corporate Financial Results: WMT: Financial Analysis through October 2008

Walmart executives have likely been thanking their...