Goldman Sachs' Downgrade of Wal-Mart Incorrectly Favors Discretionary Retailers 4 comments
Published at: seekingalpha.com
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June 22, 2009
In aggregate, shoppers will not stay overly thrifty when times are better, but Walmart is using this time to improve their merchandising and their place in customers' lives. They have a strong hand. Many of their competitors are not moving ahead in merchandising during this recession. Walmart is. Walmart's performance outside the US is more important than the US in terms of contribution...
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Pent up demand does not lie in discretionary retail assortments
June 19, 2009
Year over year comparatives and expectations for pent up demand do not capture the fundamental shift in spending habits experienced over the past 9 months. Moreover, the Goldman Sachs viewpoint ignores the broad based nature of the retail recession. Discretionary retailers will not be the first to rebound, rather, hard goods and household necessities, followed by value priced apparelshould...
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Nicholas WhitePresidentWhite & Co
Goldman Sachs Misses the Point
June 19, 2009
Goldman Sachs may be right with respect Walmart, for all the wrong reasons. Here's more.
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