The U.S. Financial Crisis Has Not Had A Bad Effect On Everyone!
May 15th, 2008 |
Corporate America feels the change as consumers alter their buying habits since the economic slowdown caused by the mortgage crisis and resulting credit crunch last year has not been such bad news for everyone, reflecting both behavioural shifts among US consumers and the advantages enjoyed by those companies that are less dependent on the US domestic market than most of their competitors.
Wal-Mart, the largest retailer in the US, has a mass discount business that is focused on low-income consumers, who have been the hardest hit by rising energy prices and tightening credit. It
