Posted on 03/04/2005 12:10:26 PM PST by Toddsterpatriot
Wal-Mart plans 10 new stores in China Firm aims to profit from new rules for foreign retailers
Updated: 11:51 a.m. ET Nov. 2, 2004BEIJING -
The world’s biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new stores in China next year, joining other foreign retail giants in taking advantage of new rules letting them move into smaller cities.
...Snip...
Last year, it sourced $15 billion worth of goods in low-cost China, from bicycles to fish. Scott said Chinese products made up about 80 percent of imports sold by Wal-Mart at its more than 3,200 U.S. outlets.
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I'm a WalMart shopper and the vast majority of what I buy at Wally is American made. So who's eyes are lying? Since you had to change the terms of the percentage from "goods" to "community goods" and then to "durable goods" it would appear that it's YOUR eyes that have the problem. WalMart DOES sell made in the USA.
Who's arguing what percentage of "community" goods?
How much did WalMart spend to purchase goods last year? How much did they spend on Chinese goods? What percentage of the total was the Chinese goods?
Not difficult, for most.
BUUUZZZZZZZ
Out right LIE.
WalMart forces their suppliers to lower their wholesale prices to what WalMart is willing to pay, how they do that is their business and WalMart doesn't care so long as their price threshold is met.
I suspect that the figure relates only to those products WalMart has specifically made for them by a Chinese manufacturer. It probably doesn't include goods purchased from other vendors (wholesalers) who sell Chinese made goods. For example, WM will sell a DVD player bought from an electronics distributor who has his goods made in China, hence the delta.
That is just an outright lie.
I suspect you're wrong. Maybe you should do a little research and prove me wrong.
Well I guess what readers of this thread are going to have to decide is weahter to believe thier lying eyes (on thier next trip to Chinamart) or to believe you. I will believe my lying eyes and the Chicoms when they say over 70% of the durable goods that walmart sells are made in China.
No it's not, that's the reality of the situation. Over 80% of the goods sold at WalMart are American made, there are certain areas (like small appliances) where the Chinese have taken over the entire industry and the vast majority of what EVERYBODY sells are Chinese, but that's only certain market areas and they affect ALL retailers in those areas which include WalMart and every other department store chain in the world.
I wish Wal-Mart would get into the defense industry. A six pack of F-22 raptors would be $50 million. Buy five m-16's and get two free.
And what about the non-durable goods? How about the software? CDs? Movies? Pet supplies? You're artificially limiting your sample set for the purpose of skewing data.
I heard they sell 100% of the keychains and cigarette lighters too. LOL!!
Now, can you tell me what total Chinese sales are? Or can't you divide $15 billion by $198.747 billion?
For volume buying we need CostCo to get into the business.
I am with you on this, discostu. I have heard the lame argument that you can't buy American made at Walmart. So, my son and I went thru everything in our house that we regularly bought at Walmart. I know in my bathroom alone, out of all of the products in there, I only found 1 or 2 products that were not made in the US.
Go randomly pick out 100 items off the shelf and see where it was made. I've got $100 that says more than 7 items will be made in China.
SAMS.
Yes, because this is a continuation of a discussion on MANURFACTURING, the USA still grows and processes food.
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