Walmart Quietly Goes Global

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Buddy emailed me a business article from USA Today (10 retailers take two-thirds of your money). Subject showed that only a few retailers make up a major portion of the market.

Something that caught my eye was that of Walmart  and where their revenue comes from. Walmart is a smart company and are more global than what people think. How global? Check this stat out:

It’s true that Wal-Mart has a much larger international presence than other retail giants – as roughly 41% of revenue comes from outside the U.S.

Man That Proved Consumers Are Naive Dies

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Via People.com

Gary Dahl, the man who became a millionaire by selling ordinary rocks, died on March 23 at the age of 78.

Dahl, an advertising copywriter, thought up the Pet Rock in 1975, after listening to friends complain about having to care for actual pets. The Pet Rock became an unlikely fad through Christmas that year. They sold for $4 each, and Dahl became a millionaire by the time the product was discontinued in February 1976.

Walmart Challenges Amazon

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From Reuters –

Wal-Mart Stores Inc has informed managers of its roughly 5,000 stores across the United States that they can match prices with Amazon.com Inc and other online retailers, the head of the company’s U.S. business said on Thursday.

Greg Foran said the directive was meant to formalize a practice already in place in many stores. “About half of the stores were doing it anyway,” Foran said on a call with media following the reporting of its quarterly results.