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Wal-Mart Shares Drop 6%

  • Al Norman
  • October 1, 1998
  • No Comments

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.

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.

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Picture of Al Norman

Al Norman

Al Norman first achieved national attention in October of 1993 when he successfully stopped Wal-Mart from locating in his hometown of Greenfield, Massachusetts. Almost 3 decades later they is still not Wal-Mart in Greenfield. Norman has appeared on 60 Minutes, was featured in three films, wrote 3 books about Wal-Mart, and gained widespread media attention from the Wall Street Journal to Fortune magazine. Al has traveled throughout the U.S., Barbados, Puerto Rico, Ireland, and Japan, helping dozens of local coalitions fight off unwanted sprawl development. 60 Minutes called Al “the guru of the anti-Wal-Mart movement.”

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Learn How To Stop Big Box Stores And Fulfillment Warehouses In Your Community

The strategies written here were produced by Sprawl-Busters in 2006 at the request of the United Food and Commercial Workers (UFCW), mainly for citizen groups that were fighting Walmart. But the tips for fighting unwanted development apply to any project—whether its fighting Dollar General, an Amazon warehouse, or a Home Depot.

Big projects, or small, these BATTLEMART TIPS will help you better understand what you are up against, and how to win your battle.