28 March 2007
Wowza! Fantastic news from the NYT!
Wal-Mart Chief Writes Off New York
By MICHAEL BARBARO and STEVEN GREENHOUSE
Published: March 28, 2007
Wal-Mart to New York: fuhgeddaboudit.
An ad in Wal-Mart’s campaign to open a store in New York City.
Frustrated by a bruising, and so far unsuccessful battle to open its first discount store in the nation’s largest city, Wal-Mart’s chief executive said yesterday, “I don’t care if we are ever here.”
H. Lee Scott Jr., the chief executive of the nation’s largest retailer, said that trying to conduct business in New York was so expensive — and exasperating — that “I don’t think it’s worth the effort.”
see the whole article here.
Posted by annie at 4:26 PM