business news in context, analysis with attitude

Crain’s Detroit Business reports that Wal-Mart “is forging into the Southeast Michigan grocery market with 17 supercenters it is building or plans to build by the end of 2009 — a move that could mean trouble for competitors both large and small.

“The Bentonville, Ark.-based discount retailer plans to convert up to six existing retail-only stores, while the rest are new developments throughout metro Detroit.”

• Wal-Mart CEO Lee Scott said last week that Hispanic customers represent 14 percent of the 127 million customers who patronize his company’s stores each week, and that they are among Wal-Mart’s most loyal shoppers. Scott also said that this bodes well for Wal-Mart, since the growth of the Hispanic population in the US – and the corresponding increase in Hispanic buying power – is seen as a certainty in the next few years.
KC's View: