Tag Archives: wal mart

Food Inflation: Wal-Mart, Sam’s Club rationing rice

Like a ripple in the water, food Inflation is hitting worldwide. After Asia, global food crisis is hitting North American consumers — Now, Wal-Mart and Sam’s Club is restricting purchases of rice.

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Sam’s Club customers can buy up to four bags of jasmine, basmati and other white long-grain rices, Wal-Mart said yesterday.

Apple’s iTunes Becomes No. 1 in Music Sales in US

Apple, Inc.’s iTunes Store becomes America’s top music retailer surpassing Wal-Mart for the first time ever, according to an NPD MusicWatch Surve.

NPD gave Apple’s iTunes Store 19 % of the music market and Wal-Mart 15 %.

Over 50 million people use iTunes to download music, which is proof of the distinct change in music retailing. The shift to digital music by Apple and competitors such as Amazon and MySpace is changing the industry.

Toshiba quits HD DVD business, Blu-ray leads

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Sony’s Blu-ray is emerging as the clear winner of the years-long format war over next-generation DVDs. Toshiba announced that it will no longer develop, make or market HD DVD players and recorders.

HD-DVD and Blu-ray both deliver crisp, clear high-definition video and sound, but are incompatible with each other. There are expensive players that play both formats.