Wal-Mart grew to its enormous size mainly because of the low prices it offers its consumers, which seems to be an obvious benefit to the economy. New England Consulting estimated that Wal-Mart saved U.S. customers $20 billion in 2002 alone. With the price cuts other retailers make to compete with them factored in this total reaches $100 billion. When you combine these savings with the convenience of being able to buy ones food, clothing, electronics, gas, and almost anything else one could desire in one place you have a winning formula. The low prices they charge get them large percentages of the consumer's money, which in turn allows them to charge such low pri...
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...their success. As Edward Weller of ThinkEquity Partners said, "I don't think Wal-Mart can ever be underestimated, they are so very good."
1. Bianco, Anthony and Zellner, Wendy, BusinessWeek: Is Wal-Mart Too Powerful? Oct. 6, 2003.
2. Elliot, Dorinda and Powell, Bill, Time: Wal:Mart Nation, Jun. 27, 2005.
3. Forbes:http://moneycentral.msn.com/content/invest/forbes/P100080.asp?GT1=5809, Wal-Mart's Next Victims.
4. Kirkland, Rik, Fortune: Wal-Mart's RX for Health Care, April 3, 2006.
5. Lavelle, Marianne, U.S. News & World Report: Wal-Mart's Most Wanted, Jun. 27, 2005.
6. Mansfield, Edwin and Behravesh, Nariman, Economics U$A, W.W. Norton and Company, New York, 2005.
7. McGinn, Daniel, Newsweek: Wal-Mart Hits the Wall, Nov. 14, 2005.
8. Zimmerman, Ann, Wall Street Journal: Wal-Mart Boss's Unlikely Role: Corporate Defender-in-Chief, Jul. 26, 2005.
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