Quote

Now I know that Wal-Mart's policies do not reflect the best way of doing business and the values that I think are important in America.

You can't compete with Walmart. But you can have smaller businesses that are successful.

At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We're known for operating in a very efficient way and then giving those savings to customers.

Walmart is so huge that a wage boost at Walmart would ripple through the entire economy, putting more money in the pockets of low-wage workers. This would help boost the entire economy - including Walmart's own sales.

But they are also better, our competitors are better because Wal-Mart exists.

Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.

Yes. I think the anti-Wal-Mart is Costco, which pays much better and has much better health benefits and which is profitable and offers low prices.

I've seen articles suggesting that Wal-Mart buys at prices lower than our competitors', and that this gives Wal-Mart an unfair advantage. I don't believe it... What we hear is concern that in some circumstances, Wal-Mart may actually be paying more than our competitors.

We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is going to continue to be a great story for Walmart.

I don't see anything Wal-Mart can do that other retailers can't.