Company News

The End of Consumerism?

Wal-Mart CEO sees a fundamental shift in U.S. economy.

Author Image

By: TOM BRANNA

Editor

Is a fundamental change taking place in the U.S. economy? Yes, if you believe H. Lee Scott, chief executive officer of Wal-Mart Stores, Inc. Speaking for the last time as CEO of Wal-Mart at the National Retail Federation’s 98th annual convention, Mr. Scott predicted the first half of 2009 will be “extraordinarily challenging. In the second half you’ll have a rough spot against the stimulus package. It will be moderately better next year. I don’t see anything that says it will turn around swiftly...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters