It appears that even one of the worlds biggest retailers has misread the current economic climate. Walmart have admitted that their attempt to broaden their appeal to customers has failed.(see link below)There is little doubt that the Global Finacial Crisis has started a shift in consumer sentiment that has far-reaching and unpredictable repercussions. As one of our traders said today - "The positive side is that change brings opportunity. If the Queen Victoria Market and General Merchandise Traders can successfully adjust to the new consumerism then we can all benefit. It is a real challenge."
http://www.insideretailing.com.au/Latest/tabid/53/ID/10326/Walmart-chief-We-got-it-wrong.aspx
