“The consumer that's going to Wal-Mart is going to be very price-driven. The person who goes to one of these stores may be very high-tech-driven.”
Britt Beemer
“Wal-Mart still has good prices for 11 months of the year. Consumers won't damn them for one slippage in November, ... But Wal-Mart has some fierce and desperate competitors forming alliances.”
Robert Brusca
“This (fuel) price shock is real, ... Wal-Mart recognized it before Katrina. They were one of the few companies that made the announcement that these gas prices are hurting us.”
Gerald Celente
“It is at these [worst of times] that one should be buying Wal-Mart.”
Gary Balter
“I think that Wal-Mart has come to the realization that it cannot be focused on low-prices alone. They need a broader offering.”
C. Britt Beemer
“Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.”
“It's clear that [Wal-Mart] is going to offer very sharp price [discounts] to drive customer traffic. While [fourth-quarter] sales will be respectable, the lower prices necessary to drive traffic will filter through to earnings that are below the current consensus estimates.”
Bill Dreher
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