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Non-Tech : Wal-Mart
WMT 101.48-0.8%Nov 5 3:59 PM EST

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To: James Strauss who wrote (855)9/7/1999 12:53:00 PM
From: JakeStraw  Read Replies (1) of 1166
 
"New Economy" fund not just Net -
biz.yahoo.com

Another favourite ''new economy'' stocks of Atkinson's is Wal-Mart, which uses sophisticated information technology to manage inventories and spur sales.

''If someone buys a blue feather-duster in a Wal-Mart in California by the time they are in their car the company knows about in at headquarters in Arkansas,'' said Atkinson.

This allows the company to keep inventories at its stores lean, which means more selling space and higher revenues per square foot of store, he said.

It also allows the company to see what is selling and readjust display space to suit, he added.
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