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Walmart caters to low income shoppers while Target and Costco cater to more affluent shoppers.
I've said this before..Walmart is the bellwether for the lowest paid workers in society.
And last year Walmart started losing sales while the others didn't. Walmart is still struggling with sales.
It's more than simple "empty shelves". Walmart accounts for 10% of US spending in retail sales.
Status:
"everybody getting reported now.."
(set 19 days ago)
Location: Pine Grove,AL
29,549 posts, read 16,533,663 times
Reputation: 6032
Quote:
Originally Posted by OhioRules
He doesn't have anymore proof than I do.
we just have different sources that say different things.
You have not given your source though. I have seen you hound people for an entire page just to post a source, you seen to not hold yourself to the same standard.
"Discount retailer Wal-Mart on Thursday reported a fourth-quarter profit of 5.6 billion dollars, an increase of 7.9 per cent over the same period a year ago. "
Its their FIRE sector operations no doubt. The actual retail business is what falls first. Its the Sears pattern.
GM and Chrysler didn't adapt, they were bailed out with taxpayer dollars and are reporting "record profits" while not paying taxes.
While I don't know about their tax situation, many U.S. corporation are not paying taxes. General electric for one.
GM and Chrysler are adapting. Laid off masses of workers and replaced them with automated processes and robotics. Such massive investment also happens to be a capital investment, which helps during tax season.
While I don't know about their tax situation, many U.S. corporation are not paying taxes. General electric for one.
GM and Chrysler are adapting. Laid off masses of workers and replaced them with automated processes and robotics. Such massive investment also happens to be a capital investment, which helps during tax season.
The reason why we have high corporate taxes is to encourage tax deductible debt financing. The company takes on debt which is tax deductible and then buys back its shares. This sends the value tax free to stock holder by reducing float and instead of sending taxes goes to Wall Street. That was Romney's entire business model, debt financing that is for cash flow and tax deductions.
Another problem is companies with equity are debt leveraged take over targets. Companies will even take on debt to prevent it so it goes into debt either way. This makes the company vulnerable to shocks while revenue goes to bankers instead of government. Sam Zell debt leveraged into the Tribune and then tried to force bankruptcy to clear the pension liability. A nice fat check for banks again.
A little reality check is in order here. First, the Tribune’s way of business didn’t need to be modified for it to be profitable, strictly speaking. It was profitable at the time he bought it, albeit decreasingly so. The need to service the more than $13 billion of debt* he piled on the company in taking it over had more to do with its abrupt descent into bankruptcy, just one year later, than did its slimming margins.
We end up with debt ridden companies , falling tax revenue and fat bankers.
Finance must be stopped but I doubt they will be. Too many people on the take now.
My Walmart has 8 self checkout registers. I guess liberals can't figure out how to swipe the things on their own. Oh well.
I purposely avoid the self checkout in any store. I want to promote jobs and hiring.
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