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Remember the good ol' days when you couldn't afford something, you did without it. And did fine. Now you can have whatever you want. Imported, cheap price and cheaply made. Are you really any better off.
I always feel dirty when I leave walmart. Like I just walked through the bowels of humanity. I hate that place and try to avoid buying anything from there whenever possible.
LOL, I totally agree. I only go in there for craft or electronic items because we have, unfortunately, no where else in our small town to purchase them. I get in, I get out, just as fast as I can, and I always walk out of there feeling like "blech". What a nasty, depressing shopping experience.
SPOT ON! When people complain about Walmart's customer service on the various business complaint sites, they don't understand that Walmart does not care. if prices are low, Walmart knows that people will shop at Walmart anyway, no matter how bad their customer service experience. The lure is prices, not service. This is why, say, they may only have three lanes open at a Supercenter, with lines winding to Tibet and back.
Have you shopped at a Meijer or Sears store lately? Having only 3 checkout lanes open is the norm.
Wal-Mart CEO Doug McMillon Gets $25.6M Pay Package. C. Douglas McMillon, who became the president and CEO of Wal-Mart Stores Inc. of Bentonville on Feb. 1, saw his total compensation skyrocket 168 percent to $25.6 million for the fiscal year that ended Jan. 31 as compared with the previous year.Apr 23, 2014. //www.city-data.com/forum/busin...oug...Arkansas Business Online
Sorry if this has already been posted. (Have not read the entire thread yet.)
Yeah, and the OP link is titled, "Walmart: Wage Hikes Are Killing Our Prices". Well, maybe they should take a look at the salaries of their top executives.
I have not shopped at Walmart for years and I never intend to do so again.
Executives at GM, Ford, and Chrysler were getting huge bonuses back in 2008-2010 when their companies were laying off employees left and right. Where was the outrage then? Oh, I forgot - the auto companies got government handouts.
So I asked myself "If these people aren't going to Walmart then where are they going ?"
The dollar stores my friend..the next lowest rung after Walmart.
I'm now going to look into Dollar General and Big Lots as possible investments.
To quote the famous Rahm Emanual words:
"Never let a good crisis go to waste".
The dollar stores have nice products because they buy closeouts or discontinued items. My local dollar store had 60 watt Fiet led light bulbs. $1 for an LED light bulb? They claim LED bulbs last many many years but if it lasts only a year i made my moneys worth and saved on the electric bill.
Walmart is doomed in the long run, but not for the reasons the vast majority here cited.
In the USA, between 1900 and 2000, real (not nominal) incomes quadrupled.
When your income goes up by 4x, you move up to a better shopping experience.
If real incomes quadruple in this century, then "always the low price" is a losing strategy.
Walmart is doomed in the long run, but not for the reasons the vast majority here cited.
In the USA, between 1900 and 2000, real (not nominal) incomes quadrupled.
When your income goes up by 4x, you move up to a better shopping experience.
If real incomes quadruple in this century, then "always the low price" is a losing strategy.
I agree with, that Walmart is doomed in the long run, but not because people don't want low prices. Why else are discounters like Aldi or Lidl so successsfull?
Aldi or Lidl are successfull because people are looking for value. And upscale grocery stores that offer a nice shopping experience are also doing well. But all businesses between will lose market shares.
Just look at the current development in the UK grocery retail market:
ASDA is the Walmart branch in the UK and it's the biggest looser. Marks & Spencers and Waitrose are the most upscale grocery chains in the UK, they are doing fine.
At the moment it looks like the British grocery market will become similar to the German grocery market.
Walmart can't compete with the prices from Aldi and Lidl, and they also can't offer the shopping experience and the service that can be found at upscale grocery stores. Walmart is stuck in the middle. That's the most incenvenient position.
Mature grocery retail markets will probably be dominated by a combination out of discount grocery stores and upscale grocery stores. With not much between.
You couldn't pay me to shop at our local Aldi's.
Been there. Does not have anything significant to offer.
Why not? Do you need name brand products? Or do you need everything under one roof? Do you don't like that the Aldi employees are well paid?
Last edited by sebastiannight; 10-26-2015 at 06:01 PM..
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