business news in context, analysis with attitude

Wal-Mart announced yesterday that for the first time, Santa Claus will be making a series of visits to all of its discount stores and supercenters, on Nov. 24 and 25 and Dec. 1, 2, 8 and 9, visiting with children between 10 a.m. and 2 p.m. Children will be entitled to visit with Santa and have their pictures taken for free, which Wal-Mart estimates will save their parents at least $5 million by not having to spend money on pictures taken with traditional mall Santas.
KC's View:
I didn’t realize that Wal-Mart didn’t have Santa visits before…go figure.

Also, it should be noted that whoever is writing the press releases down in Bentonville seems to have discovered an inner sense of whimsy. Witness this paragraph from the press release:

“Santa has 31 hours of Christmas to work with, thanks to the different time zones and the rotation of the earth, assuming he travels east to west. According to scientific data posted on the internet, Santa will visit 91.8 million homes, which works out to 822.6 visits per second, or 1/1,000th of a second for each household. Assuming that each of these 91.8 million stops are evenly distributed around the earth, his total trip will be 75.5 million miles, which means that Santa's sleigh is moving at 650 miles per second -- 3,000 times the speed of sound!”

Which is why, by the way, I’m doing all my Christmas shopping online.