(Bentonville, Arkansas) Ucs News: Wal-Mart Ceo Mike Duke announced the discount retailer would be joining the lucrative Foreclosure market. “We can have a constructive and profitable role to play in the market.” With homes selling at discounted price this a market for Wal-mart.
According to Duke, The Bentonville retailer will adapt it’s core strategy to the nations beleaguered housing industry. Wal-mart will be buying very low and selling low in volume. It’s a recipe for success.
The foreclosed homes will located near the televisions in most stores. The homes will be displayed on flat screen monitors (also for sale) with virtual tools to view the homes interiors, neighbor hoods and Wal-mart’s finance options.
Wal-Mart Stores, Inc. (branded as Walmart) is an American public corporation that runs a chain of large, discount department stores. It is the world’s largest public corporation by revenue, according to the 2008 Fortune Global 500. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972.
Wal-Mart is the largest private employer and the largest grocery retailer in the United States. It also owns and operates the Sam’s Club retail warehouses in North America.