Simple Wal-Mart arithmetic | Arkansas Blog

Wednesday, August 26, 2009

Simple Wal-Mart arithmetic

Posted By on Wed, Aug 26, 2009 at 9:37 AM

A penny saved by a consumer is a penny earned by Wal-Mart.

Everybody from hometown newspapers to national TV networks trumpeted a Wal-Mart news release yesterday that said it could save consumers $100 million by starting bill-paying services in Wal-Mart stores.

I haven't yet turned up a link that followed through on the math. If consumers now spend $290 million on bill-paying fees, as a Wal-Mart-commissioned study indicated, that leaves $190 million on the table for Wal-Mart. Not to mention a few more pennies from the shopping done by the consumers who drop by a Wal-Mart to do the bill paying.

Don't get me wrong. This the free market at work. Just don't confuse it with charity. And it moves Wal-Mart ever closer to the full roster of banking services it longs to be able to provide someday.

Sign up for the Daily Update email

Comments (7)

Showing 1-7 of 7

Add a comment

Subscribe to this thread:
Showing 1-7 of 7

Add a comment

More by Max Brantley

Readers also liked…

  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Antwan Phillips wants to make a difference in reducing Little Rock violence

    KARK/Fox 16's push to do something about Little Rock violence includes a spotlight on people trying to make a difference — in this episode Antwan Phillips, a lawyer at Wright, Lindsey and Jennings.
    • Aug 30, 2017
  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation