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True. They can absorb the costs of any future riots, arson, lootings, etc that come their way.
I'm not sure you realize what it costs to stock a Walmart, or how many times an insurance company will pay to replace that inventory before they drop the policy.
Chicago is the third largest city in the USA and is home to the the 2nd large financial market in the USA. I dont think there is any chance of Wapmart leaving that market. There is too much money to be made there.
You failed to understand.
Wal-Mart isn't leaving the Chicago-market, they are leaving the City of Chicago.
Learn and understand the difference.
It's an unfortunate fact of life that suburban Wal-Mart shoppers subsidize urban Wal-Mart stores by paying higher prices, just like suburban Kroger's shoppers pay higher prices to subsidize urban Kroger stores.
Why? Because urban stores have higher rates of theft and shrink.
After 10,000+ people were evicted from HUD housing in a six-block radius around the Vine Street Kroger's to make way for condominiums and market-rate apartments (Gentrification), the manager told me the store turned a profit for the first time since 1971.
That's because those are low-rent people who, when they aren't committing food-stamp fraud, are stealing you blind or walking around the store eating food and leaving the uneaten portion on the shelves for other shoppers to find.
White people in Suburbia paid higher prices to keep that store open, so other people wouldn't start chanting "RACISM!" when it closed.
There are no banks in the area, because they all fled decades ago before it was fashionable to scream, "RACISM!" after being robbed weekly.
The one tiny credit union that was there got hammered in the 2001 Riots and then closed a few years after that. They got tired of being robbed, too.
The clothing and shoe stores all left decades ago, too. The one furniture store that stayed closed after the 2001 Riots.
The battle against Walmart inspired labor and community activists to propose the “Big Box Living Wage Ordinance,” which required stores of 75,000 square feet or larger to pay their workers a “living wage” of $10 an hour and provide at least $3 an hour in benefits. The ordinance, which passed the City Council by an overwhelming vote, and forced Mayor Daley for the first time to exercise his veto pen.
That fell two votes short of overriding the Mayor’s veto, after the Mayor was able to convince two members of the Council to switch their votes.
As a result, Walmart agreed to pay a higher starting wage for its workers — $8.75, which is fifty cents above the current minimum wage in Illinois. Walmart also agreed to pay its workers at least $9.15 and as much as $9.35 an hour after the first year on the job. This will make Chicago’s starting Walmart workers the highest paid starting Walmart workers in the nation.
Of course that was 2011. The entry of Chicago proper was not quick and Target actually did much better. After this looting in already depressed neighborhoods that now stand to loose these retailers and drug stores. The city will probably bend over to do what it can to keep them in these poorer areas.
I guarantee you right now that Chicago pols are kissing Walmart's arse behind the scenes and giving them sweet tax deals and maybe even an allowance to rebuild their looted and destroyed stores. Walmart's leaving is political suicide to braindead leftist politicians.
Walmart loves selling their cheap plastic China crap to poor people.
Poor people demanded that cheap plastic China crap.
Maybe you're not old enough to remember, but Walmart was full-on "Made in USA" for a while. Consumers provided their opinion of that policy by shopping elsewhere.
Walmart is giving the consumers what the consumers want. They're very good at that. It's why they've grown as large and as fast as they have. You can decry their business practices all you want, but the bottom line is that if people didn't want to shop at Walmart, they wouldn't.
I'm confused. What does any of this have to do with today?
Walmart was slow to enter the Chicago market for years. 2011 is not long ago for a reference. Once they did as Target was already there. The city surely wants to keep retail in these depressed areas.
Surely you do not want to force those in these hoods to go into other neighborhoods they are unwelcome to shop and suburban shopping and malls?
So many should really want them to stay in the hoods and keep those living there in the hood.
No one foresaw that transpired the past week. It was unpresedented event unless you go back to the riots of the late 60s. This did go National and International even in protest.
Walmart again did not enter the Chicago-proper market till very late in the game of its evolution. Reasons were only in part in that link.
Wal-Mart isn't leaving the Chicago-market, they are leaving the City of Chicago.
Learn and understand the difference.
It's an unfortunate fact of life that suburban Wal-Mart shoppers subsidize urban Wal-Mart stores by paying higher prices, just like suburban Kroger's shoppers pay higher prices to subsidize urban Kroger stores.
Why? Because urban stores have higher rates of theft and shrink.
After 10,000+ people were evicted from HUD housing in a six-block radius around the Vine Street Kroger's to make way for condominiums and market-rate apartments (Gentrification), the manager told me the store turned a profit for the first time since 1971.
That's because those are low-rent people who, when they aren't committing food-stamp fraud, are stealing you blind or walking around the store eating food and leaving the uneaten portion on the shelves for other shoppers to find.
White people in Suburbia paid higher prices to keep that store open, so other people wouldn't start chanting "RACISM!" when it closed.
There are no banks in the area, because they all fled decades ago before it was fashionable to scream, "RACISM!" after being robbed weekly.
The one tiny credit union that was there got hammered in the 2001 Riots and then closed a few years after that. They got tired of being robbed, too.
The clothing and shoe stores all left decades ago, too. The one furniture store that stayed closed after the 2001 Riots.
Anyway, that's how things work.
I have disagreed with Mircea in the past, but he is spot on in this post. I saw this in action in my area except it was one of those little Walmart grocery stores. It lasted about two years and then shut.
Poor people demanded that cheap plastic China crap.
Maybe you're not old enough to remember, but Walmart was full-on "Made in USA" for a while. Consumers provided their opinion of that policy by shopping elsewhere.
Walmart is giving the consumers what the consumers want. They're very good at that. It's why they've grown as large and as fast as they have. You can decry their business practices all you want, but the bottom line is that if people didn't want to shop at Walmart, they wouldn't.
Lightfoot is not Garcetti, shes actually somewhat pro-CPD. I saw her on MSNBC defending the record of Chicago police during the riots a few days ago.
Things are always more nuanced, especially in Chicago politics.
Garcetti is an ineffectual loser, just like the mayor of Minneapolis.
Mayor of Minneapolis is a grown damn man literally crying like a baby. He's a complete embarrassment to America--weak, limp, spineless, sniveling, feeble-minded man. He's an emotional wreck. Wow, all those attributes describe Garcetti too.
Liberals are weak-minded and possess little, if any, fortitude and grit. How can they have any sense of self-respect?
Garcetti is an ineffectual loser, just like the mayor of Minneapolis.
Mayor of Minneapolis is a grown damn man literally crying like a baby. He's a complete embarrassment to America--weak, limp, spineless, sniveling, feeble-minded man. He's an emotional wreck. Wow, all those attributes describe Garcetti too.
Liberals are weak-minded and possess little, if any, fortitude and grit. How can they have any sense of self-respect?
Hey, we all have our Trudeau to bear.
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