Wal Mart, the higher costs of low prices.
November 30, 2008
Did you hear the latest new on how a Wal Mart employee was trampled to death by ravenous idiots looking for deals? It goes to how you how bad the economy is becoming. Black Friday indeed.
http://latimesblogs.latimes.com/shopping_blog/2008/11/wal-mart-employ.html
This is pure bliss for retailers like Wal Mart. People are having to tighten their grip on their wallets and now are turning more and more to the big boxes with lower prices. This is going to drive a lot of community and local businesses to the breaking point. The ability to buy so much gives the behemoth an advantage over every one else.
They don’t pay well, they don’t exactly contribute to communities and now they strengthening their position due to the hard economic times. My solution, don’t go there.