The reason why Wal-Mart has taken over America and most of the world is because most Americans are a lot lower on the class totem pole than they think (middle class my ass), thanks to Wal-Mart and the dollar menu (read I Love What Wal-Mart Means to the US).
Wal-Mart, the world’s largest retailer, beat expectations after its US discount stores accounted for about 50 per cent of all US retail growth during 2008 – while its full-year global sales passed $400bn for the first time, and profits hit $13.4bn.
But, in the past, Wal-Mart was other people’s store. Welcome to Wal-Mark 3.0, the store for the rest of us who don’t want to feel as low on the socio-economic ladder as we are — and Wal-Mart’s share holders and bottom line will laugh giddily as a direct restult (via Financial Times & Business Pundit)
