What progress looks like

We started out with four feet of skin care; today it’s twenty feet. Today we don’t have deodorants, but someday down the road we will have deodorants in China. Five years ago perfumes were not a big business here. But if you look today it’s the emerging market … there’s a lot fewer bicycles, so that takes away from the exercise side of it, so people are getting larger, so what’s that tell you? Sales of exercise equipment’s getting good, exercise wear, jogging outfits, and at some point, we’ll have Slimfast and all those type of products.

Joe Hatfield, CEO of Walmart Asia, on PBS Newshour, 2005.