Recession Special: Everything at Walmart

Apparently, the recession hurts less at Walmart. A recent survey of American consumers had some interesting results: people are a lot less interested in shopping than they have been in decades and are turning to discount retailers like Walmart to ease their financial pain.

Walmart is exceeding expectations in the recession
Walmart is exceeding expectations in the recession

“This is the first time in 30 years of consumer surveys that we’ve seen this low interest in shopping,” said Britt Beemer, CEO of America’s Research Group.

The principal reason for low discretionary spending is that 48.5% of consumers feel pressure from credit card bills, the survey said.

The change in consumer behavior also has a philosophical basis, said Beemer.

You might expect discount retailers to attract shoppers in a recession. Makes sense, right?

Well an interesting addition to this recession success is that Walmart reported much higher than expect sales in April. Same-store sales, which are often the most reliable indicators of a store’s health, were up 5% in that month. Well, I guess we’ll see you at Walmart (if we haven’t already).

Shoeboxed Teams Up With Jigsaw To Help You Expand Your Personal Network

Shoeboxed recently announced a partnership with Jigsaw to help business professionals expand their network of business contacts by scanning and sharing business cards online. Shoeboxed gives people an easy way to get hard copy business cards scanned and uploaded to the web. Jigsaw then aggregates them, letting people trade what they have for fresh contacts from their crowd-sourced directory of 12 million business people and 2 million companies.

Shoeboxed Partners With Jigsaw
Shoeboxed Partners With Jigsaw

Now people can use Shoeboxed’s prepaid envelopes to mail in their business cards where they will be scanned and imported to Jigsaw, the world’s largest online business directory. Shoeboxed customers will automatically accrue Jigsaw points that can be redeemed at for business contacts they want but don’t yet have.

Shoeboxed’s by-mail scanning service starts at $9.95 per month. The basic Jigsaw service is free.