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To: Joan Osland Graffius who wrote (140402)	3/11/2002 6:53:17 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164687

"Wonder if they are worried about Target. In Minneapolis Target is building some new stores with the concept of a Sam’s Club integrated with the Walmart type store. These stores do not required a club membership and are price competitive with WMT and Sam's Club. " Joan, The Target competition is Wal-Mart's only risk at the moment. Target has good management and I suspect their moves have a lot to do with what Wal-Mart decides to do. Target is more "trendiar" in my opinion and their method of marketing is superb. No matter how large one becomes, there is always someone right behind you.