Just wondering, does your principle begrudge the:
> 2.1 million employees, (1.4M in the US)?
> families making less than $40k/year that make up 42% of their customers?
> millions of stock holders?
> Walton family that started the business in 1962 and owns over 50% of its stock?
OH BOY...
Walmart is the devil, lol
When they were "growing" they would send their "development specialists" into an area they did not service. Part of the process was of course finding the best location for where to put their store, which of course included where the competition was. So If I were building a new store, I would want to be as far from the competition as possible while still being close to the client, makes sense rite? I consider myself a "savvy" business man and it would be my first thought, if I sell taco's I want to be where there are customers but no tacos being offered by anyone else, a better way than competing with the competition is to not have any....
BUT that is not how wally does it, they build next door, the price shop and undercut to sell at a loss. Once the competition is gone they raise their prices back to profitable level... Putting the competition out of business because you have unlimited capitol is how you win at monopoly rite?
So this worked but as they grew they wanted more.. So how can we sell products cheaper with out losing money for the first few years while we wait for all the privately owned businesses to go out of business??? Lets strong arm the manufacturers with our buying power and force them to repackage the goods so we can buy them for much less than the competition, make us the same product, BUT as cheap as possible with our approved packaging and sell it to us for less than anyone else or WE WONT BUY IT, and if the largest retailer in the country isnt buying your product, you may as well not sell it...
There are a ton of reasons walmart sucks, none of which are because they are not good at business, they are definitely smart when it comes to the bottom line, but when it comes to treating people well, not so much...
Lets hire retired seniors and older {the sicker the better} door greeters, then let them sign a life insurance policy with the corp as the beneficiary, so when they die we get money.... We will look like heroes for hiring the dissabled and old and when they die we get paid, plus when they sign the insurance forms it looks like we are giving them free life insurance, lol...
Lets make sure we screen our employees so not to hire people who are sympathetic to unions, and if we ever get a union threat lets make sure it only happens once... {the butchers in walmart unionized walmart started the shut down every butcher shop in every store that day}... not that I am pro union...
Anyway I am pro small business, a walmart has the potential to put out all the small grocery stores, deli's, clothes stores, corner stores, ect
Think about it, when homedepot and lowes get rid of all the squeeky floor hardware stores, walmart, kmart, ect gets rid of all the small pharmacies, markets, clothes stores, shoe stores, electronics stores, automotive stores, ect. And then homedepot gets rid of or aquires lowes, and walmart does the same to kmart and target and then the larger of the two {walmart} gets rid of the other, then what? What keeps them from controlling the prices of everything we buy? Monopoly laws and structure in the US is a joke if you have money...
It will take a while but think about it, you will be working and buying everything from one place, they wont stop at clothes and shoes, next it will be gas stations, all your walmarts will have gas stations, then it will be furniture, then they will start selling cars, did you notice that a lot of walmarts are near condos soon they will be building condos and selling them. We will be living in a big walmart, maybe not in our lifetimes, but some day if it keeps going this way, walmart will sell you a condo, a car, and you will work there, they will finance you and control.. It will be like that kids movie wall-E get it wall-e wal-mart... we are screwed, disney called it... lol
Anyway, you shop there if you like, they sell junk, AND I am not sure about the rest of the country, but here you need to lock your doors and walk fast to the building, in other words- they don't attract the best clientele.
PS if you want to compare stats, like families making 40K a year are 42% of their customers, look up how much small business that deal in the same products as walmart and homedepot have suffered since they started their growth campaign...
And $40K a year for a family of 4 is around 150% poverty level, because them people work at walmart and don't make enough money to survive... $40K used to be a good income, now if you have a family of 4 you need to have a combined income of at least $110K not to be on the poverty chart, lol... If you want to live in a decent home, in a decent neighborhood, with decent schools, and security you need to be more around $200K per year for a family of 4 with 2 vehicles, and a 30yr mortgage.... Health care costs $20K to $30K a year for a family of 4 {private policy depending on eyes and dental coverage} !!!!!!
