Quote:
Originally Posted by alphamale
Walmart is the largest TV retailer in America.
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Here is the thing about the tv (and other big household items):
people buy it either because:
they are moving into their own place
they want to upgrade their tv
their tv broke
...Walmart can only expand so much into the retail technology market before they have saturated it. The past few decades they had it good, because technology was expanding fast and it was becoming cheaper and cheaper.
We went from a giant heavy box if you wanted a big tv, to something a strong man could carry with his own hands. We went from thousands of dollars to much less. We went from bad quality to HD.
And people bought that from walmart, and walmart made profit.
...But now the technology has slowed progress, and it will be a while before the next big thing in tv
...People's home's have filled up with tv's and refrigerators, and these items are lasting longer than ever.
...But now the market has slowed down with these things, because people don't need them any more.
...People already have the latest hd tv, that they probably bought more than a year ago.
....So now the big retail market is slow, and saturated because Walmarts supply expansion out-raced demand.
...But people still shop at walmart though. It's just that their technology sector significantly diminished now, and the economy is slower.