Walmart Losing Business, Looks to Retool

Wal-Mart losing business
Wal-Mart losing business

Not all is well with the behemoth that is Walmart, and the reason leads directly back to your pocketbook. The dominant merchandiser in the U.S. has been losing business, and many, including the Wall Street Journal, speculate the reason is because it has lost sight of its core value, "Every day low prices."

The company, in an apparent attempt to compete with slightly more upscale stores such as Target, began to stock its stores with higher price-point fashion and trendy goods such as organic vegetables and fruits. In the meantime, the proliferation of dollar stores threatened to undermine its sales in staples and bargain-basement goods.