November 3, 2006

NOTHING COSTS MORE THAN IT USED TO:

Wal-Mart warns of holiday price wars (Anne D'Innocenzio, 11/03/06, The Associated Press)

Get ready for the midnight sales specials, 60-percent-off discounts on holiday toys and racks of marked-down merchandise.

The holiday season is always about price wars. But retailers are bracing for what could be the most brutal holiday season in recent years after Wal-Mart announced Thursday a disappointing October sales report and a bleaker outlook for this month.

Along with its bad news, the world's largest retailer had a warning: It will use price as a weapon as it competes for consumer dollars this holiday season.

Shoppers will be the beneficiaries...


But, wait, aren't we supposed to be pitying the poor, put-upon middle class, whose every bill is higher than the one before?

Posted by Orrin Judd at November 3, 2006 7:46 AM
Comments

If Walmart's doing it, somehoe "it must'nt be good."

Posted by: Dave W at November 3, 2006 11:47 AM

Yes, the libs pity the poor so very much. Yet, here in WA, there's an anti-global-warming initiative on the ballot that would require power companies to use renewable energy for a specified portion of the electricity sold. The worst part of this thing is that hydroelectric power is not considered "renewable" so the poor would be forced to purchase expensive renewable power while our cheap hydro power is sold to California.

Posted by: Patrick H at November 3, 2006 1:21 PM

How can it be that hydroelectric power is not classified as "renewable?" Being derived from the water cycle, it is perfectly renewable.

It must be that is is not deemed renewable because is it is insufficiently "green," blocking free-flowing rivers and all that. That may be so, but that does not make it unrenewable.

Posted by: Lou Gots at November 5, 2006 4:59 AM
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