Did Wal-Mart Crush Its Opponents

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Did Wal-Mart Crush Its Opponents - 4/23/2007 3:50:55 PM

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Last "Black Friday," for its annual post-Thanksgiving sales blitz, Wal-Mart Stores decided to slash the price of one of the hottest electronics items for the holidays—the 42-inch flat-panel TV—to $988. The world's largest retailer had staked similarly audacious positions before, in numerous product categories, as part of its quest to remain U.S. retailing's "low-price leader." In turn, Wal-Mart's move caused a freefall in prices of flat-panel televisions at hundreds of retailers — to the glee of many people who were then able to afford their first big-screen plasma or liquid-crystal-display model.

Now, it is becoming apparent that Wal-Mart's calculated decision to break the $1,000 barrier for flat-panel TVs triggered a disastrous financial meltdown among some consumer-electronics retailers over the past four months.

http://www.msnbc.msn.com/id/18274443

< Message edited by Level -- 4/23/2007 4:49:26 PM >

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RE: Did Wal-Mart Crush Its Opponenets? - 4/23/2007 4:38:25 PM

minnetar

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Fantastic story.

minnetar

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RE: Did Wal-Mart Crush Its Opponenets? - 4/23/2007 4:57:59 PM

selfbnd411

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Wal-Mart has been having its @ss handed to it since I've been playing the stock market (2 years now). I remember when people would make fun of kids for having "K-mart clothes." Now it's "Wal-Mart clothes." The middle class, or at least those who want to feel middle class as they shop, buys from Target and Costco.

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RE: Did Wal-Mart Crush Its Opponenets? - 4/23/2007 5:07:41 PM

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quote:

ORIGINAL: minnetar

Fantastic story.

minnetar

Hi minnetar . Yes, it's a good example of how capitalism can both create and destroy.

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Fake the heat and scratch the itch
Skinned up knees and salty lips
Let go it's harder holding on
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RE: Did Wal-Mart Crush Its Opponenets? - 4/23/2007 6:43:59 PM

pahunkboy

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so all these ppl put tvs on a credit card. --welll most of them.

---compared to what is coming i would not buy one of those types of tvs now. wait a few years

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