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Home Textiles comes up with a great quote from Jay Fitzsimmons, senior vp and treasurer of Wal-Mart.

“The misconception is that we're in the retail business," he said to an investor conference. “We're in the distribution business.”

Furthermore, Fitzsimmons added, while it is generally believed that Wal-Mart buys and sells at the lowest price, in fact Wal-Mart sells at the lowest price because it has the lowest distribution costs.
KC's View:
Go figure. Wal-Mart isn’t in the retail business.

Everybody else now has permission to breathe easier.