Is it Crunch Time for Wal-Mart’s Sustainability Iniatives?
My editorial work keeps me hopping, so I’m a bit late getting started on reporting about my trip last week to Bentonville, Arkansas, for Wal-Mart’s annual Media Day and Shareholders’ Meeting. As always, it was a whirlwind of activity combining trips to company stores in the area, press meetings with company executives, and a little entertainment thrown in. I skipped the Carrie Underwood/Keith Urban concert Thursday night, but did see Joss Stone, Jennifer Hudson and David Cook perform early Friday morning… with Queen Latifah handling the MC duties.
Yes, Wal-Mart does a fantastic job entertaining the troops, but my real interest was in further news on company sustainability initiatives. Over the next week or so, I’ll be reporting on those. Today, I just wanted to provide some initial thoughts, and perhaps get the conversation going.
In case you haven’t noticed, the economy’s in a bit of slump… and that means more people are turning to discount retailers for their basic needs and luxuries. Sales figures are up for the company, and all of the executives that spoke at various portions of the media conference noted the company’s founding value of saving people money. At some points, I began to wonder just a bit if the much-heralded sustainability initiatives of the past few years were taking a back seat to it’s ability to provide goods (and services) at low prices.
