Friday, February 17, 2006

The Thoughts of Wal-Mart’s Lee Scott

The NY Times reports today on internal communications between CEO Lee Scott and Wal-Mart’s managers it obtained from Wal-Mart Watch. A number of Scott’s thoughts are quite revealing but from our point of view the following was the most interesting:

A manager of a Wal-Mart's store in Medford, N.Y., asked about Wal-Mart's repeated failure to gain zoning variances and other government permits to open its first store in New York City. "We're going to have to be a lot more sophisticated about it than we have been," he said, saying that Wal-Mart brings good jobs and great prices. "But I think you'll see us get the stores."
We’re pleased that our efforts in Queens and Staten Island have shown Wal-Mart that they can’t just waltz into New York City. And we believe that our success so far demonstrates that the “good jobs and great prices” argument is seen by many New Yorkers as either untrue or outweighed by the retailer’s considerable negatives.

Definitely check out the whole article which has links to all of Scott’s postings from the last couple of years.