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#165094 - 03/01/04 11:49 AM
What's Next for Walmart?
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Anonymous
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This is just a joke, but it is pretty funny. Who knows, maybe there is some truth in it. WalMart's New Offering
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#165096 - 03/01/04 04:41 PM
Re: What's Next for Walmart?
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Diamond Poster
Joined: Aug 2003
Posts: 1,357
A Grant Wood painting.
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This is great!!!  I hate WalMart.  I think Sam Walton was the poster child for unethical business practices and the entire corporation continues in his footsteps.
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The opinions expressed are what you can expect for the price paid.
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#165097 - 03/02/04 11:53 AM
Re: What's Next for Walmart?
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Anonymous
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#165098 - 03/04/04 09:35 PM
Re: What's Next for Walmart?
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Anonymous
Unregistered
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Quote:
How do you figure that?
Wal-Mart had a big part in the killing of many a small town downtown shopping districts. It's practices during the '60s, '70s, and '80s was to come to a town and build a store on the edge of town and undersell everyone else. Eventually the small business folks were driven out of business. Wal-Mart's practice was very calculated and very deliberate. Coffeyville, Kansas is a perfect example. Coffeyville does not need Walmart. The city should boot them out.
In my mind, Sam Walton's legacy is that he was as the killer of small town business in America. Huzzah for Sam the Greedy.
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#165100 - 03/04/04 09:51 PM
Re: What's Next for Walmart?
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Diamond Poster
Joined: Jan 2003
Posts: 1,454
metsuretsu
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[quoteWal-Mart had a big part in the killing of many a small town downtown shopping districts. It's practices during the '60s, '70s, and '80s was to come to a town and build a store on the edge of town and undersell everyone else. Eventually the small business folks were driven out of business. Wal-Mart's practice was very calculated and very deliberate. Coffeyville, Kansas is a perfect example. Coffeyville does not need Walmart. The city should boot them out.
In my mind, Sam Walton's legacy is that he was as the killer of small town business in America. Huzzah for Sam the Greedy.
1) You can also see the effect that barring Walmart from entry to small towns can have. The small Iowa town I lived in for a few years barred Walmart for the reason you stated, it would kill the small businesses. Here is the result; Walmart moved into a neighboring town (approx. 17 miles away) and most the people in the community take their business to the Walmart and the small businesses have gone out of business anyway but the town has lost the profits and the jobs that Walmart could have brought to the community.
2) On a personal note, I have never heard a negative comment about Sam from anyone who actually knew him. I have never heard him characterized as "greedy" by them either, but far from it.
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#165101 - 03/04/04 10:07 PM
Re: What's Next for Walmart?
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Anonymous
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Several other companies tried to do what Wal*Mart did; sell at a discount from a large facility. I recall Valu Mart and the early days of KMart.
Wal*Mart succeeded despite stiff competition from every direction, including Sears, Montgomery Ward, and countless specialized discounters.
Trying to sustain the mom-and-pop stores is analogous to trying to sustain the family-operated farm. The inexorable trend is towards "efficiencies of scale".
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#165102 - 03/04/04 11:24 PM
Re: What's Next for Walmart?
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Anonymous
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#165103 - 03/04/04 11:37 PM
Re: What's Next for Walmart?
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Anonymous
Unregistered
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Quote:
On a personal note, I have never heard a negative comment about Sam from anyone who actually knew him. I have never heard him characterized as "greedy" by them either, but far from it.
I'm sure Sam was a nice guy. But you can be greedy and nice, can't you? And just 'cause you're nice don't mean you're right. How much is enough? In America, if it's bigger, then it must be better. Right?
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#165104 - 03/05/04 02:40 PM
Re: What's Next for Walmart?
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Diamond Poster
Joined: Jun 2001
Posts: 1,339
TX
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I'll repeat my 10/31/03 comments from another Wal-Mart thread.
My wife and I are in a position at this point in our lives to be able to shop most anywhere we want – but we go back to Wal-Mart for the convenience, cheap prices, and one-stop shopping.
They obviously got the business model right for the times. They generate huge sales tax revenues for local governments – just ask your local mayor or councilman how much. And they provide jobs – a USA Today article says that at one new store, 5000 applied for 460 available positions. Contrary to popular belief, I’ve also seen local merchants start up and prosper alongside them by going after a slightly different market, or by stepping-up service. Ask your commercial lenders, they’ll know some real-life success stories.
I’m a little skeptical of media reports bashing Wal-Mart. I suspect some or most of it is driven by a backlash against a no-union policy, or by a general anti-big-business bias. After all, Wal-Mart is the largest employer in something like 8 of our 50 states.
I'm open . . so what are some solutions to the Wal-Mart ‘problem’? Should they be put out of business? How? Are they too big? Should they be broken up by government action like Standard Oil or AT&T were? How do we do that without discouraging other entrepreneurs?
So anonymous posters, be specific. Just what is it you want done to Wal-Mart?
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Opinions are mine not my employer's, and should not be taken as legal advice.
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#165105 - 03/05/04 03:00 PM
Re: What's Next for Walmart?
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Diamond Poster
Joined: Jul 2002
Posts: 1,678
United States
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Quite honestly, I think they should be left alone. Why is it that we punish success in this country? You can grow, but don't get too big. You scare us. Is Wal-Mart perfect? Absolutely not. I'm sure there are people who have been wronged by them, but I think that, overall, they are very good for our economy.
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Opinions expressed are solely my own.
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#165106 - 03/05/04 08:01 PM
Re: What's Next for Walmart?
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Platinum Poster
Joined: Jun 2003
Posts: 938
Do you know the way to ...
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Ok, how about this?
Higher import tarriffs, to dis-incent manufacturers from sending their entire operations overseas in order to keep up with WalMart's demand that they continually lower their wholesale prices and cut their profit margins.
Buy American.
WalMart may be creating more retail jobs, but without domestic jobs that actually produce something, who will have the $$ to be able to buy what they're selling? We're increasingly becoming a nation of service employees, and not too many people actually make anything here in the good 'ol US of A anymore.
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Just a lowly 1st Year Law Student ("1L"), so don't take anything I say seriously!
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#165108 - 03/05/04 08:10 PM
Re: What's Next for Walmart?
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10K Club
Joined: Nov 2003
Posts: 12,846
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Quote:
Higher import tarriffs
Recipe for disaster. We are part of the global economy, and we have a competetive advantage in information age jobs, not manufacturing. Raising tarrifs would force Americans to purchase more items manufactured in the US, resources would be shifted from the areas where we have a competetive advantage back to manufacturing, and the result would be lower productivity and a lower standard of living for our children. Our future depends on freedom. Catch the wave.
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#165109 - 03/05/04 08:11 PM
Re: What's Next for Walmart?
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100 Club
Joined: Jul 2003
Posts: 234
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Unfortunately, raising tariffs would invite retaliation from other countries and the EU through the WTO a la steel.
I actually wouldn't mind buying American, but we would all have to be willing to bear significantly higher prices on just about everything. Consumer prices, as a portion of peoples'income, for manufactured goods have gone down in recent times. We could possibly do this, but that would mean no more Hondas, Mercedes, etc. I would not necessarily mind doing this, but then I would expect not to hear complaints about prices being high or rising. Just my thoughts.
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#165110 - 03/05/04 09:18 PM
Re: What's Next for Walmart?
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Platinum Poster
Joined: Jan 2003
Posts: 921
Down South, USA
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Quote:
.... that would mean no more Hondas, Mercedes, etc.
In the global economy nothing is that simple any more - some Mercedes are now built in Alabama, Hondas in Ohio, Nissans in Mississippi, BMWs in South Carolina, whereas Dodges and Fords may have come from Mexico. 
To complicate matter further, GM owns Saab, Ford owns Land Rover, Jaguar, and Aston Martin, but Chrysler belongs to Mercedes.
So, the question is: Which supports the US economy more, buying a Mexican built Dodge from a company owned by Daimler Benz, a BMW built in South Carolina, or a Land Rover built in the UK by a company owned by Ford? 
_________________________
This is my opinion; it is not legal advice, nor the view of my employer, and it may change tomorrow.
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#165111 - 03/05/04 09:53 PM
Re: What's Next for Walmart?
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100 Club
Joined: Jul 2003
Posts: 234
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True, I was just thinking about the companies. I don't really think that it is a practical solution in any event, because I don't think consumers would put up with the prices, and, in the end, I don't think it would be a win for this country or for others. It may have sentimental appeal, but I think the winning horse is the global horse. Thomas Friedman has been writing a good series on this as he visits India. The columns make for a pretty good read.
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#165112 - 03/06/04 01:27 AM
Re: What's Next for Walmart?
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Anonymous
Unregistered
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Here's one for you... I live in a city where they are trying to find a place to put a Target. Most of the people who live here want it, but our governing officials think the city is "too good" for it... Instead, we have Sax Fifth Avenue and Nordstroms, that most people I know have never been in except to use the bathroom. The closest "discount" store is a K-Mart that's 10 miles from downtown! It's bad enough we have the highest gas prices in the state, and some of the highest housing costs, but now they won't even give us a chance to buy the items we need at a discount price. We have to drive 30 miles to the next city where they have Target, Walmart, etc...
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#165113 - 03/08/04 03:38 PM
Re: What's Next for Walmart?
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Power Poster
Joined: Jan 2002
Posts: 2,706
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Sounds like you need to elect some new council members who have a little less money.
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#165114 - 08/26/06 06:12 AM
Re: What's Next for Walmart?
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Anonymous
Unregistered
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My grandfather actually met Sam. Grandpa was a salesman for Dixon ind. He said Sam drove an old truck and wore a hat. This was only about 20 years ago, and I bet Sam wasn't actually running the company. There is a board making the tough decisions, Sam just started everything. He was just a "ma and pa shop" that made it big. It's not Sam's fault. If you started a business, wouldn't you hope it to be as sucessful?
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#165115 - 08/28/06 02:18 PM
Re: What's Next for Walmart?
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10K Club
Joined: Aug 2005
Posts: 18,789
TX
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Quote:
Quote:
How do you figure that?
Wal-Mart had a big part in the killing of many a small town downtown shopping districts. It's practices during the '60s, '70s, and '80s was to come to a town and build a store on the edge of town and undersell everyone else. Eventually the small business folks were driven out of business. Wal-Mart's practice was very calculated and very deliberate. Coffeyville, Kansas is a perfect example. Coffeyville does not need Walmart. The city should boot them out.
In my mind, Sam Walton's legacy is that he was as the killer of small town business in America. Huzzah for Sam the Greedy.
Capitalism can be a b***h. 
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