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ABOUT THIS BLOG
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It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
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Sep.21
1:08 PM ET
Friday, 21 Sep 2007
Forbes 400 Richest: Don't Feel Sorry For Waltons
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CNBC.com |
] founder Sam Walton are not in the top ten rankings of the richest Americans. This is the first time that the Walton's have not been in the top ten since 1989.PLEASE do not read into this listing too much. While Wal-mart shares have had a tough year and the Walton family controls 38% of outstanding shares but the combined personal fortunes of the family members total $65,000,000,000 (back of the envelope math based on Forbes' listing.) That's nothing to sneeze at.
Four of the family members are in the top 15. In fact, Christy Walton & family ($16.3 billion), Jim Walton ($16.3 billion), Wal-Mart Chairman of the Board S. Robson Walton ($16.3 billion) and Alice Walton ($16.1 billion) all make up the 12-15 top rankings.
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