Seventh consecutive quarter of declining Sales for Walmart as per this report from New York Times
Also the whole concept of consumers choosing a lower price point buy (because they have limited budget) though it may be in totality costly is very telling. Reminds me of the concept of Giffen goods that we learnt in economics. Maybe Bharti Walmart division will be able to teach them the same.
Interesting comment from the article – “In addition, while consumers are still using Wal-Mart for big shopping trips, they are visiting drugstores and dollar stores for in-between purchases.”
Also the whole concept of consumers choosing a lower price point buy (because they have limited budget) though it may be in totality costly is very telling. Reminds me of the concept of Giffen goods that we learnt in economics. Maybe Bharti Walmart division will be able to teach them the same.
