- Jul 27, 2006
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Michigan Badger said:I asked the boss and she said the good dollar store is DOLLAR TREE.
Okay, this is the thread post:
".......don't think the economy is going to remain in the down turn? Think again. Walmart is actually losing so many sales to the various dollar stores that they just announced they will be opening 14,000 sq ft express stores in an recoop that lost business. Dollar stores have been very profitable in the past several years in a market that is rapidly and steadily growing, and expected to continue to grow. I think this is a pretty good measuring stick as to just how our declining economy is going to undergo change over the next several years."
I agree. The economy is diffinitely in "change" mode.
Wal-Mart posted its second consecutive year of declines in U.S. same-store sales. For its fiscal year that ended Jan. 31, Wal-Mart's U.S. same-store sales were down 1.8 percent, and the same indicator was down 2 percent the year before.
Walmart still making billions in net profit, even with the loss of revenue from the U.S. stores losing money, last year their gross revenue was up 3.4% from previous year for a total of $421.8 billion for the year and net income was up 14.1 percent from previous year for a total of $16.39 billion based on the strength of its international sales and Sam's Club stores.........
I hate shopping in Walmart, but that is more due to the class of people there than the store itself.