COT: Shares Plunge 36% on Shelf Space Negotiations with Wal-Mart
Submitted By Knobias ClipReport
COT: Shares Plunge 36% on Shelf Space Negotiations with Wal-Mart
As the economy slows and the population begins to feel the pinch, many begin to cut their spending habits to make ends meet. Some will forgo eating out to dinner while others will spend less in the entertainment area. Others might just shop at lower cost places instead of upscale establishments. One area that is seeing that phenomenon is retail. Many have begun to use Wal-Mart instead of higher priced grocery stores for food. The Company has also seen increased demand for their lower priced electronics. It makes sense that people flock to lower priced stores in tough times and if the location is efficient and as everyone knows, there is a Wal-Mart in most cities.
