Wal-Mart has kicked off this fiscal year with back-to-back disappointing quarters. It can’t afford to blow the seasonally potent holiday shopping period. If that means layaway shopping without any initiation fees, it’s a small price to pay as it finds itself scrambling for relevance at a point in the economic cycle where consumers are presumably open to spending more.
Wal-Mart’s desperate, but it doesn’t have much of a choice.
The article Wal-Mart Is Getting Desperate originally appeared on Fool.com and is written by Rick Munarriz.
Longtime Fool contributor Rick Munarriz and The Motley Fool have no position in any of the stocks mentioned.
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