--- title: "Meaning & Key Takeaway of: I'm still very bullish on emerging…" description: "\"I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. The..." image: "https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg" --- # I'm still very bullish on emerging markets. There's an… ![“I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.” quote by Mike Duke](https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg) [Download](https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg) [Open image](https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg) > “I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.” [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Emerging markets have expanding middle classes seeking affordable products, driving growth opportunities for retailers. **In simple terms:** Middle class in developing nations want cheap goods, creating market potential. Key Takeaway Target low‑price strategies to capture growing consumers. Themes growth consumer behavior emerging markets Mood optimistic strategic Type business economic When to use this quote - retail expansion - product pricing - customer acquisition Key Concepts middle class affordable pricing market expansion Questions to Reflect On - How can Walmart adapt to cultural differences? - What risks arise from rapid expansion? A Different Perspective Assumes uniform demand for low prices, ignoring local preferences. ★ ★ ★ ★ ★ No ratings yet [Around the world](https://sms4smile.com/quotes/about/around-the-world/) [Bullish](https://sms4smile.com/quotes/about/bullish/) [Class](https://sms4smile.com/quotes/about/class/) [Emerging markets](https://sms4smile.com/quotes/about/emerging-markets/) [Everyday](https://sms4smile.com/quotes/about/everyday/) [Investing](https://sms4smile.com/quotes/about/investing/) [Markets](https://sms4smile.com/quotes/about/markets/) [Middle class](https://sms4smile.com/quotes/about/middle-class/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost.…](https://sms4smile.com/quotes/mike-duke/at-wal-mart-it-goes-back-to-sam-walton-and-the-foundation-and/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I am extremely bullish in the longer period.](https://sms4smile.com/quotes/rakesh-jhunjhunwala/i-am-extremely-bullish-in-the-longer-period/) [Rakesh Jhunjhunwala](https://sms4smile.com/quotes/author/rakesh-jhunjhunwala/) > [“Did anyone of those bullish investors ever think what would happen to the Treasury market if the Fed ever became a net seller of…](https://sms4smile.com/quotes/ziad-k-abdelnour/did-anyone-of-those-bullish-investors-ever-think-what-would-happen-to/) [Ziad K. Abdelnour](https://sms4smile.com/quotes/author/ziad-k-abdelnour/) > [Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term,…](https://sms4smile.com/quotes/john-templeton/before-this-century-is-over-the-dow-jones-industrial-average-will/) [John Templeton](https://sms4smile.com/quotes/author/john-templeton/) > [Postecoglou has an aura about him. He's bullish. He's strong. He has his specific way of playing and he sticks to it.](https://sms4smile.com/quotes/chris-sutton/postecoglou-has-an-aura-about-him-he-s-bullish-he-s-strong-he-has-his/) [Chris Sutton](https://sms4smile.com/quotes/author/chris-sutton/) > [I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any…](https://sms4smile.com/quotes/jesse-lauriston-livermore/i-never-hesitate-to-tell-a-man-that-i-am-bullish-or-bearish-but-i-do/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [I am very bullish and I have been bullish on India for a very long time, and I see our own business growing very…](https://sms4smile.com/quotes/john-l-flannery/i-am-very-bullish-and-i-have-been-bullish-on-india-for-a-very-long/) [John L. Flannery](https://sms4smile.com/quotes/author/john-l-flannery/) > [We continue to be bullish on China.](https://sms4smile.com/quotes/carlos-ghosn/we-continue-to-be-bullish-on-china/) [Carlos Ghosn](https://sms4smile.com/quotes/author/carlos-ghosn/) > [Trust me: I was the most bullish on 'Deadpool.' When I was day one on the set, I said, 'This is going to open…](https://sms4smile.com/quotes/rob-liefeld/trust-me-i-was-the-most-bullish-on-deadpool-when-i-was-day-one-on-the/) [Rob Liefeld](https://sms4smile.com/quotes/author/rob-liefeld/) > [I am very bullish on India because of its people, its culture, and the leadership. I love the culture and warmth of people.](https://sms4smile.com/quotes/tim-cook/i-am-very-bullish-on-india-because-of-its-people-its-culture-and-the/) [Tim Cook](https://sms4smile.com/quotes/author/tim-cook/) > [I learnt not to be desperate in bad times and am learning not to be bullish when times are good.](https://sms4smile.com/quotes/john-elkann/i-learnt-not-to-be-desperate-in-bad-times-and-am-learning-not-to-be/) [John Elkann](https://sms4smile.com/quotes/author/john-elkann/) > [Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And…](https://sms4smile.com/quotes/sam-zell/interest-rates-are-going-to-go-up-because-employment-is-going-to-go/) [Sam Zell](https://sms4smile.com/quotes/author/sam-zell/) > [People can be quite bullish with their opinions. That does not mean they have their finger on the pulse. It just means they value…](https://sms4smile.com/quotes/tori-amos/people-can-be-quite-bullish-with-their-opinions-that-does-not-mean/) [Tori Amos](https://sms4smile.com/quotes/author/tori-amos/) > [We are bullish on the health benefits, but they have to bring value.](https://sms4smile.com/quotes/steve-miller/we-are-bullish-on-the-health-benefits-but-they-have-to-bring-value/) [Steve Miller](https://sms4smile.com/quotes/author/steve-miller/) > [Any time you speak to people about their posture, you learn about their most recent investment activity. When someone just bought stocks, they tend…](https://sms4smile.com/quotes/barry-ritholtz/any-time-you-speak-to-people-about-their-posture-you-learn-about/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) ## More by Mike Duke > [I do spend really focused time with my wife, my kids, grandkids, and so when I'm doing something or on a golf course, work…](https://sms4smile.com/quotes/mike-duke/i-do-spend-really-focused-time-with-my-wife-my-kids-grandkids-and-so/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [Someone asked me about what's it like managing 2.2 million associates, and I said, 'When they're Wal-Mart associates, it's not all that hard because…](https://sms4smile.com/quotes/mike-duke/someone-asked-me-about-what-s-it-like-managing-2-2-million-associates/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I spend my time being a retailer, not an economist.](https://sms4smile.com/quotes/mike-duke/i-spend-my-time-being-a-retailer-not-an-economist/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I actually think it's better I started by being close to customers. That foundation early on helped me later when I went into logistics…](https://sms4smile.com/quotes/mike-duke/i-actually-think-it-s-better-i-started-by-being-close-to-customers/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost.…](https://sms4smile.com/quotes/mike-duke/at-wal-mart-it-goes-back-to-sam-walton-and-the-foundation-and/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [It's interesting: the letters I get from mayors that want Wal-Mart to look and invest in their community.](https://sms4smile.com/quotes/mike-duke/it-s-interesting-the-letters-i-get-from-mayors-that-want-wal-mart-to/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I think every responsible public board at every board meeting should be discussing succession. And, of course, Walmart has a very mature board: our…](https://sms4smile.com/quotes/mike-duke/i-think-every-responsible-public-board-at-every-board-meeting-should/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I usually get up between 5:30 and 6. The good news in Bentonville, Arkansas, is I can be in the office seven minutes later.…](https://sms4smile.com/quotes/mike-duke/i-usually-get-up-between-5-30-and-6-the-good-news-in-bentonville/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I probably went into sports with a sense of competitiveness and came out of it even more competitive.](https://sms4smile.com/quotes/mike-duke/i-probably-went-into-sports-with-a-sense-of-competitiveness-and-came/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [We've done both. We can do both. We can raise the quality and still have Walmart prices.](https://sms4smile.com/quotes/mike-duke/we-ve-done-both-we-can-do-both-we-can-raise-the-quality-and-still/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I'm not always thinking and working ... I think a leader has to really be a balanced, whole and healthy person personally in order…](https://sms4smile.com/quotes/mike-duke/i-m-not-always-thinking-and-working-i-think-a-leader-has-to-really-be/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is…](https://sms4smile.com/quotes/mike-duke/we-see-great-growth-in-the-united-states-but-also-in-china-brazil-the/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [Wal-Mart, we've been known for many years - back to the days of when Sam Walton started the company - we've been known for…](https://sms4smile.com/quotes/mike-duke/wal-mart-we-ve-been-known-for-many-years-back-to-the-days-of-when-sam/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [If I spend all of my day in the details as a CEO of a company like Wal-Mart, I think it would be trouble,…](https://sms4smile.com/quotes/mike-duke/if-i-spend-all-of-my-day-in-the-details-as-a-ceo-of-a-company-like/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [I was always intrigued when I was growing up, and then in engineering school, with the idea of a perpetual machine. I think of…](https://sms4smile.com/quotes/mike-duke/i-was-always-intrigued-when-i-was-growing-up-and-then-in-engineering/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) [Explore all 16 Mike Duke quotes ](https://sms4smile.com/quotes/author/mike-duke/) ## More Around quotes > [I actually think acting is a form of self-hypnosis. You have to be hyper, hyper aware of what's going on around you. You have…](https://sms4smile.com/quotes/julianne-moore/i-actually-think-acting-is-a-form-of-self-hypnosis-you-have-to-be/) [Julianne Moore](https://sms4smile.com/quotes/author/julianne-moore/) > [I guess, it's a father's dream for his daughter to be known around the world.](https://sms4smile.com/quotes/liza-soberano/i-guess-it-s-a-father-s-dream-for-his-daughter-to-be-known-around-the/) [Liza Soberano](https://sms4smile.com/quotes/author/liza-soberano/) > [I've been to Manchester enough to know it's a real place. It's not Factory Records and the Smiths bicycling around. I get it. It's…](https://sms4smile.com/quotes/james-murphy/i-ve-been-to-manchester-enough-to-know-it-s-a-real-place-it-s-not/) [James Murphy](https://sms4smile.com/quotes/author/james-murphy/) > [I guess I'm attracted to things that are fun. I guess what is fun about this role in 'Suburgatory' is that there's a lot…](https://sms4smile.com/quotes/alan-tudyk/i-guess-i-m-attracted-to-things-that-are-fun-i-guess-what-is-fun/) [Alan Tudyk](https://sms4smile.com/quotes/author/alan-tudyk/) > [When I was a teen, I would draw a really, really long line around my eyes with eyeliner, like Lola Flores.](https://sms4smile.com/quotes/rosalia/when-i-was-a-teen-i-would-draw-a-really-really-long-line-around-my/) [Rosalia](https://sms4smile.com/quotes/author/rosalia/) > [I think the issues around diversity of all kinds are really a huge problem in the startup world.](https://sms4smile.com/quotes/daniel-lyons/i-think-the-issues-around-diversity-of-all-kinds-are-really-a-huge/) [Daniel Lyons](https://sms4smile.com/quotes/author/daniel-lyons/) > [You always hear actors say, 'Theater is my first love,' and it is. It's a time when you really get to do what you…](https://sms4smile.com/quotes/amy-landecker/you-always-hear-actors-say-theater-is-my-first-love-and-it-is-it-s-a/) [Amy Landecker](https://sms4smile.com/quotes/author/amy-landecker/) > [Not having drops and not taking plays off, if I do that it will make everyone around me better.](https://sms4smile.com/quotes/demaryius-thomas/not-having-drops-and-not-taking-plays-off-if-i-do-that-it-will-make/) [Demaryius Thomas](https://sms4smile.com/quotes/author/demaryius-thomas/) > [I can look around a room and tell you if there are hidden cameras or not.](https://sms4smile.com/quotes/lauren-ash/i-can-look-around-a-room-and-tell-you-if-there-are-hidden-cameras-or/) [Lauren Ash](https://sms4smile.com/quotes/author/lauren-ash/) > [You couldn't get me to go travel around and sit in a hotel room again. I have no interest in doing that. So everybody's…](https://sms4smile.com/quotes/phil-everly/you-couldn-t-get-me-to-go-travel-around-and-sit-in-a-hotel-room-again/) [Phil Everly](https://sms4smile.com/quotes/author/phil-everly/) > [I drink maple syrup. Then I'm hyper so I just run around like crazy and work it all off.](https://sms4smile.com/quotes/rachel-mcadams/i-drink-maple-syrup-then-i-m-hyper-so-i-just-run-around-like-crazy/) [Rachel McAdams](https://sms4smile.com/quotes/author/rachel-mcadams/) > [Music is almost like a therapy for me. It helps keep me centered and think straight. Before I discovered it, I was walking around,…](https://sms4smile.com/quotes/banks/music-is-almost-like-a-therapy-for-me-it-helps-keep-me-centered-and/) [Banks](https://sms4smile.com/quotes/author/banks/) > [I have to say, I grew up with fashion because my mother was a seamstress, and she had an atelier. She would cut the…](https://sms4smile.com/quotes/donatella-versace/i-have-to-say-i-grew-up-with-fashion-because-my-mother-was-a/) [Donatella Versace](https://sms4smile.com/quotes/author/donatella-versace/) > [Curiosity is the essence of human existence. 'Who are we? Where are we? Where do we come from? Where are we going?'... I don't…](https://sms4smile.com/quotes/anonymous/curiosity-is-the-essence-of-human-existence-who-are-we-where-are-we/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I became an MP in 2017 and have been around to watch Liberal Democrat party membership soar.](https://sms4smile.com/quotes/layla-moran/i-became-an-mp-in-2017-and-have-been-around-to-watch-liberal-democrat/) [Layla Moran](https://sms4smile.com/quotes/author/layla-moran/) Browse all 7,275 Around quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.", "creator": { "@type": "Person", "name": "Mike Duke" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/mike-duke/i-m-still-very-bullish-on-emerging-markets-there-s-an-emerging-middle/", "about": { "@type": "Thing", "name": "Around" }, "@id": "https://sms4smile.com/quotes/mike-duke/i-m-still-very-bullish-on-emerging-markets-there-s-an-emerging-middle/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg", "url": "https://sms4smile.com/quotes/i/1fe/mike-duke-31185_around_i-m-still-very-bullish-on-emerging-marke_458473.jpg", "width": 1080, "height": 1080, "caption": "“I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of…” — Mike Duke", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Mike Duke", "item": "https://sms4smile.com/quotes/author/mike-duke/" }, { "@type": "ListItem", "position": 4, "name": "I'm still very bullish on emerging...", "item": "https://sms4smile.com/quotes/mike-duke/i-m-still-very-bullish-on-emerging-markets-there-s-an-emerging-middle/" } ], "@id": "https://sms4smile.com/quotes/mike-duke/i-m-still-very-bullish-on-emerging-markets-there-s-an-emerging-middle/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```