NEW YORK — While domestic retailers worry about when the economy will improve so consumers come out of their shopping funk, Wal-Mart Stores Inc. is using its Every Day Low Price strategy to capture market share around the world.
“Our customer is being impacted all over the world by this economy,” Charles Holley, Wal-Mart’s chief financial officer, said Thursday at the Bank of America 2009 Consumer Conference. “Our mission, ‘Save people money, so they can live better,’ resonates better than ever. We’re delivering on that across the world now in over 7,000 units, 3,600 of them international.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)