Wal-Mart has announced in a filing with the US Securities and Exchange Commission(SEC) that it will spend as much as $12 billion in the current fiscal year, opening between 230 and 240 new supercenters (150 of which will be conversions or relocations), as many as 50 new discount stores, 35 Sam’s Clubs, and 25 Neighborhood Markets.
- KC's View:
Do not let us speak of darker days: let us speak rather of sterner days. These are not dark days; these are great days… (Winston Churchill)
It strikes us that it is largely up to Wal-Mart’s competition to decide whether this will be a massacre or a time of vital, vibrant competition.