Wow this news piece is pretty funny. It states that the largest retailer can’t cut a deal to be in NYC.
Frustrated by a bruising, and so far unsuccessful battle to open its first discount store in the nation’s largest city, Wal-Mart’s chief executive said yesterday, “I don’t care if we are ever here.”H. Lee Scott Jr., the chief executive of the nation’s largest retailer, said that trying to conduct business in New York was so expensive— and exasperating —that “I don’t think it’s worth the effort.” Walmart’s CEO blames New York snobbery for the defeat: Speaking about what he sees as snobbish elites in New York and across the country, Mr. Scott added, “You have people who are just better than us and don’t want a Wal-Mart in their community.”
People in New York City may be snobby, but they stand united.
http://www.nytimes.com/2007/03/28/business/28retail.html has more details.
