Check out Wal-Mart meeting with analysts as a global recession looms.
The company has done well in 2008 as U.S. consumers flocked to its lower-priced goods while the economy slowed.
But now investors want to see if the company can keep it going in 2009.
Analysts, who meet with the company Monday and Tuesday, want to see if the world’s largest retailer further trims its store opening plans.
Wal-Mart will likely continue to benefit — at least compared with other retailers — as consumers keep a tighter grip on their wallets while the economic slowdown spreads around the world, analysts said.
But they note that when consumers have less money, they also have less money to spend at Wal-Mart.
Also in the basket:
Pilgrim’s lenders extend credit waiver, shares up
Limited to launch Bendon intimate apparel (WWD, subscription required)
Alberto Culver sales beat Wall St view
(Reuters photo)
Trackback
