Thursday, April 24, 2008

Look Out Kid, They Keep It All Hid

Wal-Mart is gobbling up revenues faster and more efficiently than any other American retailer. Consider this: in 2007, Wal-Mart's revenues totalled $378,799,000,000. That's more money than for all of the following companies combined: Target (closest rival, 16% of Wal-Mart's revenues), Sears Holdings (including K-Mart), Macy's, J.C. Penney, Kohl's, Dollar General, Nordstrom, Dillard's, Family Dollar Stores, Belk, Bon-Ton Stores, Saks, and Retail Ventures. (Source: Fortune 500).

One guy who would not be surprised by Wal-Mart's pillaging of bank accounts is Franz Kafka. But he's dead.


Sidney said...

Hmm, gives new meaning to the term evil empire.

the walking man said...

Brother, I will not even go through their parking lot. I do lift the one finger salute as I pass by there though.

All that money and they push their workers towards state benefits (food stamps, Medicaid)so they don't have to give benefits that in an employer supplied society is a workers right to have. Or a living wage that allows them to be able to shop somewhere other than wally world.

73% of everything sold in a wally world store is Chinese in origin, less than 3% comes from American made suppliers.

The destruction of mom and pop small town stores every where they go, and the driven competition with the largest retailers in any area threatening further the decent wage and employment in that area. (small town Sears B stores for example)

Yeah if it was my world as opposed to my earth, I would certainly banish the Walton's to their new home...China.



t said...

What do you propose to do then?

Bubs said...

Wait until oil prices hit $150 a barrel or so. It won't be efficient any more to ship from China.

Of course, by then Americans will probably have totally forgotten how to manufacture anything, so who knows.

Lana Gramlich said...

Sidney read my mind! Wal*Mart truly IS the evil empire & I wouldn't be surprised to see Darth Vader at the boardroom meetings. Charles & I have taken a sacred vow not to shop there ever again, but considering their effectiveness at squashing "the little guy," it grows ever more difficult.