Posted by: Mitch/Ralph on: July 2, 2009
One of the things which happens in any downturn is that people try lower priced goods and services. They may try private label over brand, or they may shop in stores they normally have not shopped in to try to save some money. What many of these people find is that the “value” they thought [...]
Posted by: Mitch/Ralph on: February 11, 2009
One of the issues in a down economy is the need to get those things you do exactly right. While it is still necessary to take risks in business, you can’t afford to be wrong too many times in this market. That reinforces the need to focus the company’s efforts on those areas where you [...]
Posted by: Mitch/Ralph on: June 22, 2008
Still Wal*Mart continues to remember one of the keys to how they became the world’s largest retailer and highly profitable as well. Two reasons really:
They have been in touch with their customers. (Sam Walton was famous for spending lots of his time in the stores and making his senior execs do the same. I’m [...]
