The two executives are also swapping territories. Menzer, 54, will take over the U.S. business after serving as chief executive officer of Wal-Mart International. Duke, 55, will run the international division after heading Wal-Mart Stores U.S. A. Its interesting they flipped the jobs, ... They want the future CEO to have experience on the domestic and international side equally. It may be that Wal-Mart looks at the international side as equal to the U.S.
More Quotes from Britt Beemer:
I'm sure that Chrysler has been debating this for years. It's probably easier for Daimler to make the decision than for Chrysler.Britt Beemer
These Thanksgiving shopping numbers will be the lowest in a decade,
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This is a core product category that generates a lot of profit from sales of products and the extended service warrantees. Sears needs to protect this business at all costs.
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I think retailers will hold prices up to 40 percent off before Christmas and then go even deeper in January to clear inventory. No doubt, heavy discounts help sales but they hurt profits. And retailers, more than ever, know that they have to answer to Wall Street and not Main Street.
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The closer you get to Christmas, there's this mentality on the part of consumers where they're willing to go out just a little bit more to get the even bigger discounts.
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Consumers believe that the bigger, better deals happen closer to Christmas, and they're willing to wait. Last year, lots of consumers were disappointed because they didn't see the early discounts. Shoppers are playing a game of cat and mouse, and they're waiting to see if the retailers will outlast them.
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Based on Topics: Business & Commerce Quotes, Future QuotesBased on Keywords: flipped, menzer, swapping
If we lose the war in the air we lose the war and we lose it quickly.
Bernard Law Montgomery
The coward wretch whose hand and heart Can bear to torture aught below, Is ever first to quail and start From the slightest pain or equal foe.
Bertrand Russell
All ballplayers should quit when it starts to feel as if all the baselines run uphill.
Babe Ruth