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.


Favorite

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

  • Wesley Clark: Trump doesn't understand role of commander in chief

    Wesley Clark, the retired NATO commander from Little Rock, writes critically today in the Washington Post about Donald Trump as commander in chief.
    • Nov 19, 2018
  • Oaklawn announces major expansion with hotel, events center

    Oaklawn Park, the race track and casino in Hot Springs, announced plans for a $100 million investment at the track, including a hotel and events center, following voter approval of expanded casino gambling at the track.
    • Nov 19, 2018
  • Democrat-Gazette editorial writers flunk on teacher law

    The Arkansas Democrat-Gazette editorial page's animus toward the Little Rock School District and its teachers' union has never been more apparent than in recent swipes tied to Education Commissioner Johnny Key's plan to waive the teacher fair dismissal law, particularly targeting 22 schools graded D and F on the state's test score-dependent grading system. It's tunnel vision, at best. Fake news is more like it.
    • Nov 19, 2018
  • More »

Readers also liked…

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

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