In the offset of the downward spiral of the global recession of this year, I postulated that companies like Wal-Mart and Carrefour are strategically organized to thrive in hard times because of their target market.
On November 13, 2008, my postulation was reinforced by Wal-Mart's third quarter earnings, with the company profits rising 10% while other companies sank. Here is an article from the AP on the matter.
"Wal-Mart's quarterly profit rises 10 percent"
http://www.msnbc.msn.com/id/27696162/
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