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What do you think of Wal-Mart?

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Gomboman:
The end of the Wal-Mart era.

http://articles.moneycentral.msn.com/Investing/Extra/TheEndOfTheWalMartEra.aspx

Vinny:
Interesting reading, I think Walmart has a place in society but can't provide everything to everybody.

TP and stuff like that are fine, same with white socks but some things are better to go to a mom and pop store or another retailer that can provide good customer service along with better quality merchandise.

Brewman:
Like every other business, the environment they operate in, and even helped create, is ever changing-  they'll find a way to take advantage of it- adapt or they'll languish.
  It's taking an ever increasing amount of creativity to woo people.  

wmccall:
I personally know of 75 jobs that Walmart and Lowe's forced to China.  I'm just one person.  They wanted a product that had a  Manufacturer's cost $of 4 for $4. They had been selling it to Walmart for $5 and Walmart resold it for $19.95.  That $1 profit cost 75 Americans their manufacturing jobs they had for an average of 25 years.

Then they threaten their suppliers regularly.  You know those great deals the day after Thanksgiving?  They force suppliers to give them hundreds of thousands of product below cost.  What you don't want do to that? Well, I guess you won't be selling to Walmart the rest of the year.  The they squeeze every penny out of the small companies by fining them hundreds of dollars if their invoice is a day late.

NE-Phil:

--- Quote ---...The they squeeze every penny out of the small companies by fining them hundreds of dollars if their invoice is a day late.
--- End quote ---

I've heard too many stories along those lines about Walmart. That's why my wife and I never shop there. I try to stick with the local businesses but that's not always possible.  

Phil

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