Wal-Mart: Our shoppers are 'running out of money'

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Wal-Mart's ready to do battle on prices

Excerpt from CNNMoney.com:

Americans don't have the luxury of driving all over town to do their shopping.

Other than competing on prices and products, Duke said Wal-Mart is focused on leveraging technology -- especially social networking -- more aggressively to drive sales.

 "Social networking is much more a part of the purchasing decision," he said. "Consumers are communicating with each other on Facebook about how they spend their money and what they're buying."


FYI...

@profgalloway Scott Galloway

RT @ms5484: Tweethearts, what do you think? Is @profgalloway's class the only one that awards students for dominating Social Media?...

Scott Galloway - Professor of Brand Strategy @ NYU, Founder of L2 Think Tank, Red Envelope, Prophet Brand Strategy and Firebrand Partners http://www.l2thinktank.com