Executive Memorandum CONFIDENTIAL To: The New CEO From: The Previous CEO Date: November, 2012 Re: Wall Street “Wizards” Just Presided Over the Biggest Money Drain in History – And They Are Getting Off Scot Free I imagine you are as furious as I am at the way Wall Street’s minions managed their global bloodletting. They [...]
Wal-Mart is sticking to low prices. Wal-Mart profits fell 2.9% from a year ago. Wal-mart’s margins will continue to fall because they are investing in low prices for the holidays. Basically, Wal-Mart is lowering them or if they receive higher prices from their vendors, they are not passing those increases along. Wal-Mart is also [...]
I have talked about this before, but it bears repeating. Now is not the time to abandon the consumer. In fact, now is the best time to invest in the consumer. Enterprises for the most part are raising prices due to a cost of goods increase and margin squeeze. I would do the opposite. I [...]