He doesn’t provide enough explanation for why we’ll go back to Mom and Pops if Wal-Mart closes some stores. The model of low prices and one-stop shopping will remain popular if the products are reliable. Saving money is the prime motivator for most of us, Wal-Mart and other have proved.
Exactly!
As the economy tightens it will be more important to target the Walmart to specialize even more in meeting the needs of a particular area rather than a mass rollout of merchandise regardless of where the store is. Walmart is doing just that.
This author is incredible ignorant and has an agenda along with wishful thinking that Walmart and other stores like it will disappear and we'll go back to Ma and Pa small shops that offer NO volume discounts and limited variety. It won't happen.
The Wal-Mart model is more than low prices and one-stop shopping.
They are almost never out of stock of an item. Their logistics network fill a slot almost immediately after it becomes available.
Every SKU Wal-Mart sells is number one. They sell more of every item than anybody else does.
Their model for the pharmaceutical department will revolutionize that industry I Zero is held at bay.
“Saving money is the prime motivator for most of us”
This writer on one hand, says unemployment will cause these Big Box stores to close.
Yet, he thinks where these high unemployment areas are, the unemployed will be more than willing to pay more for their goods at mom and pop stores?
I suggest he keep his job as a greeter at Walmart and leave economics to the professionals.
And J&R Mmusic World, New Egg, and the Amazon retailers have all shown that brick and mortar stores are simply unable to be price competative with the online retsil model regarding durable goods.
The target's and Walmarts will have to shift to a focus on perishable and low ticket items.
This is particularly true with buyers who are in their early twenties now. Fifteen to twenty years from now it is going to be a bigger factor.
I think it would be safer to say that retail sales in general are bound to get flushed down the toilet when the unemployment rate is north of 10%.
In a severe recession people will pay more for service and a quality product? Sure they will.
By reversing that trend it could possibly promote resurgence in a domestic manufacturing base that we need to have along with a more balanced economy and then we can wean ourselves off the cheap Chinese goods we have been consuming like a ravenous beast for the last 15 to 20 years.
There will be NO resurgence in manufacturing in America until we kill OSHA, the EPA, and half a dozen other regulatory agencies that have driven manufacturing out of America (kill in a figurative way of speaking, you leftist FR watcher morons). That, or as Rush says, export liberalism so that the Chinese, Mexicans, Vietnamese, Thais etc. all are unable to manufacture goods any more cheaply than we can because they're regulated to death.
Our economy for the last 20 years had evolved into a consumer driven one where the consumer was 70% of GDP. That was never a sustainable long term viable economic model. We have to get back where we once were, that of a balanced economy to have any hope of once again being the prosperous Capitalistic country we were 50 years ago.
I've never understood what journalists mean by the above statements. A functional economy gives people what they want. What we need to become the prosperous capitalistic country we were 50 years ago is to do as I said above - reduce regulations and taxes.
He doesn’t provide enough explanation for why we’ll go back to Mom and Pops if Wal-Mart closes some stores.
Specifically to namvolunteer - you are exactly right. He had a good article going until he veered off into some areas he doesn't even begin to understand, the parts that I cut and pasted above.
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I submit: sheer BS!
Target is an online seller at Amazon
- Just-In-Time Stocking
- Manufacturer Delivery
- No State Sales Tax
- Instant Purchase (as at Amazon PRIME)
- Special Quick Delivery Plans (like PRIME)
Small “Mom & Pop” brick & mortar stores are not going to make a huge comeback
The self-appointed “expert/writer” is either selling a book or translucent bovine scat
Amazon increased profits by over 50% in the last quarter
What has Government Motors done with your tax dollars?
How did Robinson Plumbing make at the WTC in September 2001?