WMT is opening mor stores in smaller markets. Do you have a strategy? Oh yeah, online and "price optimization ." Every day you prove what a mistake the BOD made and continues to make. With your track record this was all predictable.
Actually, get your facts straight. Since Shopko is owned by a private equity group (Sun Capital), the only thing you "know" is that they purchased the Pamida stores. Any "plan of further expansion" is purely speculation. Those in the industry know that the purchase has been an abject disaster and that their employees are jumping ship.
My facts are straight. I was not referring to the Pamida purchase but to the Shopko Hometown stores which Shopko has identified as their growth vehicle. I am shocked that you didn't know this. Don't worry- you'll still have your job tomorrow. Found a place in Dallas yet?
Actually, "Bob" WalMart is tabling their small market strategy because they are finding it cannot generate the dollars per sq ft required to make it profitable with the expenses required to operate and supply those stores; same with Shopko. Clearly you're not in touch with what is happening in the current retail environment. Might also want to check out how "fresh" is working out for WalMart foods before putting them on a pedestal.
"WalMart is tabling their small market strategy because they are finding it cannot generate the dollars per sq ft required to make it profitable with the expenses required to operate and supply those stores; same with Shopko."
So if WalMart can't generate the returns in this business, are investors to believe that this little company can? It's going to be very difficult for this company to generate returns in such a capital intensive business in markets where there is a massive diaspora out of small towns and into urban areas. Relocating the headquarters for better talent will not mitigate the structural forces working against this company. Plaudits go to management and the board should they prove the business model sustainable in the long term.
On the plus side I hear Ron Johnson is looking for work. Maybe he can apply for a Dallas position?
Actually, "Pink,", Shopko has totally bought in to a smaller store strategy- which is working for them. Walmart has slowed their activity in this are but do you want to bet whether they come back to it. I don't have Walmart on a pedestal but one would have to admit that they are the largest grocer in America. Finally, whatever these companies are doing, their strategies are working. I do not see the hint of one coming from Boy Wonder or anyone else at ALCS.