But this is just what cause companies to close down and for thousands to loose there jobs.
QUOTE
Wal-Mart is not just the world's largest retailer. It's the world's largest company--bigger than ExxonMobil, General Motors, and General Electric. The scale can be hard to absorb. Wal-Mart sold $244.5 billion worth of goods last year. It sells in three months what
number-two retailer Home Depot sells in a year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. It does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger combined. "Clearly," says Edward Fox, head of Southern Methodist University's J.C. Penney Center for Retailing Excellence, "Wal-Mart is more powerful than any retailer has ever been." It is, in fact, so big and so furtively powerful as to have become an entirely different order of corporate being.
number-two retailer Home Depot sells in a year. And in its own category of general merchandise and groceries, Wal-Mart no longer has any real rivals. It does more business than Target, Sears, Kmart, J.C. Penney, Safeway, and Kroger combined. "Clearly," says Edward Fox, head of Southern Methodist University's J.C. Penney Center for Retailing Excellence, "Wal-Mart is more powerful than any retailer has ever been." It is, in fact, so big and so furtively powerful as to have become an entirely different order of corporate being.
AMAZING!
So do low prices come at a high cost to america?
How much do those prices you see in the store cost the maker of that product to produce?
How bad are you really being burned?
Take a look at this link for the rest of the info on walmart.
http://www.fastcompany.com/magazine/77/walmart.html
Just a example....
I see some nike shoes selling for 160 here in the US.
I can buy them for as low as like 40 bucks straight from china!
That means the Nike Co can make them for less than 40 bucks and still make a profit!