Wal Mart thread

[JohnT]

I drove back the 81/40/75/59/12/10 way.

What? And you didn't stop to see the indomitable Sophie while you were passing through Knoxville????

(Believe it or not, I know that route to a T. I'm like, OK he went through Knoxville, got on 59 in Chattanooga, took the highway N. of Lake Ponchartrain, and connected with 10 just east of Baton Rouge. )

[Imran Siddiqui]

Bah, forget Sophie, go to Gatlinburg instead!

[JohnT]

[Ramo]

But it isn't mid-July anymore.

[Imran Siddiqui]

It doesn't matter what time of year

[Ming]

Originally posted by Imran Siddiqui
And mrmitchell, Walmart is in it FOR PROFIT, not because they want everyone to have cheap goods!

Yep... they are a "BUSINESS" and they are in it to make money... not solve ANY of the world's many problems.

If you don't like them, don't bother to shop there. That's the best message you can send to them.

But many people find the low prices attractive, and will continue to shop there.

Many suppliers have decided NOT to do business with Walmart because they don't like how Walmart does business... Many others have buckled under... But that is a choice the companies make. If they don't see it has helping them, then they don't do business.

This whole image that Walmart is forcing their suppliers is a load of crap. They are simply doing what any other business does, which is to negotiate in their own best interest. The final decision to do business with them is up to the suppliers...

Walmart owes the world NOTHING... they do owe their stock holders the best profit they can.

If they put small competitors out of business... GREAT... the small retailers probably had no clue what customer service means Many have survived before against Sears, or any other dominate retailer... and the good ones will survive against Walmart... the bad ones will die.

As far as offering low paying jobs... that's what the market will bear. People need work, and why should Walmart pay more than they need to? You're not FORCED to work for Walmart...

[Imran Siddiqui]

Yep... they are a "BUSINESS" and they are in it to make money... not solve ANY of the world's many problems.

Now tell mrmitchell that

[Ming]

Originally posted by Imran Siddiqui
Now tell mrmitchell that

That's exactly what I'm trying to do... I love how people want to look at the Corporate World and judge them base on their own socialistic beliefs... it doesn't work that way

[Imran Siddiqui]

Anyway, if I was a shareholder, I'd sure as Hell wish Walmart was extracting profit and not passing all the revenue to the customer!!

[mrmitchell]

And mrmitchell, Walmart is in it FOR PROFIT, not because they want everyone to have cheap goods!

Yes, but they know if they don't sell it for the absolute lowest price they can, someone else will come in and do so, and beat them at their own game.

In addition, Wal Mart's attitude and business decisions often seem to support the long term survival of the company as much or moreso than immediate profits, which sets it apart from others.

EDIT: Which isn't to say I don't understand Ming. What I'm trying to illustrate is a choice between "more profits down the road" or "profits immediately". I know, yes, deep down they just like money.

[Imran Siddiqui]

Like Microsoft? Like any other would be market controlling company?

Lowering your prices for marketshare isn't a novel concept.

[Barinthus]

Originally posted by Imran Siddiqui

Maybe all of us should be rich and moralistic so we can all go shop at Target

Since when do you have to be rich to shop at Target? The prices are very similar to WalMart and the service and *ahem* "moralistic concerns" are much better at Target.

Also they invest 15% of their profits back into local communities.

I'd take Target over Walmart anytime.

[DanielXY]

Yeah you are not forced to work for Walmart... You can try to work somewhere else... And if there is no other job where you can be hired, you can always do other things to get by. Like selling drugs, stealing or looking in the garbage for something to eat...

Being free to make decisions...

[mrmitchell]

Also they invest 15% of their profits back into local communities.

You think Wal Mart doesn't write checks to local organizations either? They're huge in it. And the Waltons themselves, they have given probably billions.

The difference is they're not vocal about it like Target is, and I actually know organizations that have gotten money from Wal Mart.

[MrFun]

Originally posted by Ming

Other dominate retailers have lost their grip on the market... Walmart could as well...

NO! Target will NEVER lose. We will win in the end!