I remember when walmart first started selling groceries in their stores
(claremore got one of the first supercenters since sam waltons wife is
from here and her family is still here). At that time I think it had a
video store, and like a hair place in there. I said then (early 90's)
that next thing you know they would be selling large appliances,
gasoline, and new cars and have their own bank. Well they sell large
appliances, most of them have gas stations out front, next thing you
know they will be selling new cars. And now it seems they are going
into the banking industry. I cant remember the term now from school
days when we learned about companies that owned every aspect of their
business chain. As in, from the warehouse to the trucks that deliver it
to the store.
David Brodbeck wrote:
paul wrote:
i doubt that most Wal-Mart shoppers have a credit card.
Wal-Mart seems to feel differently -- they've been leaning hard on banks
and credit card processors to lower their processing fees, because it's
a large expense for them. Recently they filed an application to form
their own bank, so they could process their own payments instead of
contracting with a "real" bank to do it.
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Kaleb C. Striplin/Claremore, OK
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