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Another tidbit from Wal-Mart's (WMT +2.8%) investor meeting (webcast): The company plans to have...

  • Wednesday, October 10, 2012, 10:29 AM ET
    Another tidbit from Wal-Mart's (WMT +2.8%) investor meeting (webcast): The company plans to have over 240 Neighborhood Market stores in place by the end of FY13, a significant pickup in the pace of growth for the small-sized supermarkets across the landscape. While posing an obvious threat to local and national grocery stores, the initiative could also effect pharmacy sales at Walgreen (WAG +0.1%), CVS Caremark (CVS +0.5%), and Rite Aid (RAD +0.4%) eventually.
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This news story has 4 comments:

  •  
    Not to mention Wal-Mart's own supercenters.
    10 Oct 2012, 10:35 AM Reply Like
  •  
    betting against wmt is like betting against mcd
    10 Oct 2012, 11:17 AM Reply Like
  •  
    Yup. Long Both. WMT is the Ying to AMZN's Yang.
    10 Oct 2012, 11:32 AM Reply Like
  •  
    Fortunately for the above mentioned drugstores, Walmart's customer service is worse than any of the above mentioned drugstore chains, and that is really saying something after you observe how terrible Rite Aid's service still remains overall. Senior management seems to refuse to properly monitor the social network sites that indicate which stores require immediate attention on the customer service front. They stay in business if a miracle happens and they start paying attention and they eventually go out of business after senior management and the snoozing board of directors stuff their pockets with enough of the shareholders diminishing cash equity. It is as simple as that!
    10 Oct 2012, 02:36 PM Reply Like
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