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1998-10-01
Wall Street. Wal-Mart Shares Drop 6%

According to one Wall St. analyst, retail stocks took a slide on Sept. 30th. because of fears of a consumer slow down. Wal-Mart stock dropped 6% from 58.125 to 54.625, down from its 52 week high of 69 points. Home Depot also fell by nearly 2 points to 39.5. Even though Wal-Mart is reported same store sales of 7.5% in its last quarterly report, same store sales in 1984 and 1985 were nearly twice as high.

What you can do: If you shop at Wal-Mart, you are contributing to their same store sales figures. Why not go on a megastore diet? It will help cure your case of affluenza, and help out small town America at the same time. Under the mega-store diet, you cut in half any level of purchases currently being made at Wal-Mart in month number one. In month number two, you cut back in half yet again. Pretty soon, your down to pennies. You'll have saved more money, spent less on gas mileage and oil changes, reduced air pollution, and struck a blow for Home Town America. So the next time you find your car in a Wal-Mart parking lot, do the sprawl-busters U-turn and head back for the exit. The megastore diet combines our two main obsessions: overeating, and overshopping. You'll love the way you feel, and your town will look better also. For more information on the Megastore Diet, email sprawl-busters.










 
 
"Norman has become the guru of the anti-Wal-Mart movement" ~ 60 Minutes

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