November 30, 2004

Stephen Bainbridge Sums Up the Common Wisdom

Professor Bainbridge sums up the story that WM tried to pre-empt by not releasing Black Friday sales data:

In sum, my guess is that Wal-mart's woes are unique to it rather than, as in the past, suggesting a systemic problem with the economy. I'd also guess that online e-commerce has a ways to go before it can be invoked to explain any decline in retail sales.
All this inspired by one day's data not specified by WM!

Posted by Kevin on November, 30 2004 at 10:44 AM