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Surviving In The Market
Beginning of essay
Can Wal-mart get the magic back? In the four years since Wal-mart's founder died of bone cancer, CEO David Glass has invested billions of borrowed dollars in businesses that have earned relatively low returns. Glass, age 60, seemed to be a good choice for CEO when Sam Walton, at 69, tapped him to ....
Middle of essay
....that combine a supermarket and general-merchandise store under one roof. Sam lived to see Wal-Mart open only a few super centers. But right after he died, Glass Cranked up the spending and in four years has expanded to 260 stores. They bring in about $13 billion in revenues a year. Glass intends to add more than 100 stores a year. Meanwhile, hundreds of the conventional stores are being closed: 330 are shuttered.
Glass believes that Wal-Mart's big growth opportunity is super centers. The s.... |
| Number of words: 620 |
Approximate pages: 3 |
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