With the economy in recession and the holidays approaching, what retailer can take advantage? Perhaps unsurprisingly, Wal-Mart can.
According to an analysis published in the New York Times earlier this week, the discount retail giant expects a huge holiday season, largely due to customers struggling during touch economic times and looking for deals.
In fact, the company's CEO Lee Scott told the Times that this exact situation is "what Sam Walton built this company for." Indeed, the company's same-store sales jumped 2.4 percent in September over the same period last year, while most competitors saw their numbers decline.
Other top executive in Bentonville, Chief Marketing Officer Stephen Quinn, vowed that the company is "committed to cutting the cost of Christmas."
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