How the power players do it - by Fortune senior editor at large Patricia Sellers

Power Point: Deliver value

November 6, 2008: 6:22 PM ET

"In my mind, there is no doubt that this is Wal-Mart time. This is the kind of environment that Sam Walton built this company for."

-- Lee Scott, president and CEO of Wal-Mart (WMT), in The New York Times today. Consumers are going for value and there's no better evidence than Wal-Mart's October sales. Same-store sales at Wal-Mart increased  2.4%, beating expectations. The stock dropped only 1% on a 443-point down day for the Dow. And it's up in after-hours trading. Meanwhile, Target's (TGT) per-store sales dropped 4.8%--more than anaysts predicted. Gap (GPS) and J.C. Penney (JCP) took even bigger hits, and even sales at Costco (COST) fell 1%. No mercy these days.

Fortune's Most Powerful Women
Fortune's Most Powerful Women For the latest on the most influential women in business, philanthropy, government, and the arts, like us on Facebook.
Guest Posts
Fortune Most Powerful Women Fortune Most Powerful Women The rolodex that redefined power
Profile in The Washington Post
Sheryl Sandberg: Sheryl Sandberg: Don't leave before you leave
COO of Facebook
Wendy Clark Wendy Clark Exec learns firsthand how the homeless live
SVP of the Global Sparkling Brand Center at Coca-Cola
Marissa Mayer's 3 biggest decisions as Yahoo CEO With company stock up over 100% since she began running the company 16 months ago, Mayer reflects on her choices to date. Watch
Chelsea Clinton on running for office: 'I don't know' The vice chairman of the Clinton Foundation talks about her diverse career path and growing up in the spotlight. Watch
MPWomen go Global

The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.

Read more

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.