In recent years, Wall Street has increasingly looked at Wal-Mart’s business plan as the ideal for ‘big box’ companies. This attitude has caused other major retail corporations to copy Wal-Mart—what BusinessWeek called‘Wal-Martization’—in order to lower labor costs and increase profit margin.
October 27, 2007
Comparing Target and Wal-Mart seems like a relatively easy thing to do. Wal-Mart has been accused of the 'Wal-Martization' of the American economy, abusing its labor force, and selling cheap goods at low prices. Target, on the other hand, has a reputation that glistens next to the Wal-Mart behemoth. Is Target getting a free ride?
October 25, 2007
The Securities and Exchange Commission is considering a series of measures designed to enhance the power small shareholders have in operation of a company. The reforms face stiff opposition from Wall Street and corporate boardrooms, who have long held that any democratic interference in the direct management of a firm threatens its bottom line.
October 24, 2007
Wal-Mart has been increasing overall audits of suppliers every year, with surprise audits increasing at a more rapid rate. What exactly it finds when it performs these audits is a secret, but Wal-Mart will say that there has been a 23 percent reduction in high-risk factory violations, and that this came as a result of its supplier training program.
October 23, 2007