Business Services Industry
Now-common debate surrounds proposed Wal-Mart store in Winston-Salem, N.C.
Knight Ridder/Tribune Business News, July, 2004
By M. Paul Jackson, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News
Jul. 18--By the time you read this, Riley's Discount Furniture on Jonestown Road will be shutting down.
The store plans to close Monday, the victim of rising furniture prices and changing customer trends.
Trends started, in part, because of Wal-Mart Stores Inc.
The independent furniture seller, in the shadow of the Wal-Mart supercenter on Hanes Mall Boulevard, had to scale back on much of the furniture it used to sell, in part because Wal-Mart has priced it out of some markets, said Chris Marsh, the store's sales promotional manager. Simply put, customers found cheaper chairs across the street.
Wal-Mart's ability to negotiate prices...
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