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Sunday, July 23, 2006

Wal Mart: weekly wrap-up

Wal Mart closed down to $43.72 on Friday. With shares starting the week off at almost the same price in ending, leaving Wal Mart with no gain at all! Early this week, Wal Mart faced a major problem, paying higher wages and health benefit packages to employees in Maryland. Wal Mart will possibly pound small stores ounce more as the company plans to enter the New York City area of Brooklyn. I live in the Bronx, NY and hearing this news about Wal Mart planning a store down in Brooklyn is certainly shocking...just wonder how many small shops and grocery stores will be closing down. I will definately keep you guys posted on this story. Drop off a comment about what you think about this (Wal Mart overall).

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