Posted on 05/07/2005 7:55:52 AM PDT by superiorslots
Wal Mart says it imported about $18 billion in goods from China in 2003. The annual sales for that year by Wal Mart was approximately $250 billion dollars.
However, when you walk through your local Wal Mart and look on the label of products in the store the majority of products say "Made in China". I went through my local Wal mart the other day and was surprised on what I found. Just about all the Black & Decker and Stanley tools were made in China. GE toasters, microwaves, and vacuum cleaners were all made in China. I looked at the Mothers Day cards from Hallmark. Guess what? Made in China. I won't even remark on where 80% of the toys were made.
One of the only few items I picked up that were made in America was the Rubbermaid line of products.
Is Wal Mart skewering their true import numbers from China? Is the $18 billion they say they import from China only from true Chinese companies?
Since Wal Mart is buying goods from Black & Decker or GE are they considering these goods, even though made in China, as non imports because they were purchased from American Companies?
Is a giant shell game be played out by Wal Mart?
I estimate my local Walmart has around 65-75% of it's products made in china (not counting food items). Go to you local Wal Mart and check out the labels. You will be shocked. I was.
Someone was distributing King James versions of the Bible in the parking lot a large resort hotel a week or so ago. When my husband came out he found one on the hood of his truck...........it was made in China.
and you are the lamenting the fact...
it isnt unconstitutional to pay $0.50 less on a gallon of Milk at a WalMart vice a mom and pop store is it?
I have a Super WalMart AND a Sam's Club going by about a mile away from me, I can't wait until it opens.
so what....
You have no problem with how a company misleads people??
BTW: The US gov't just bought 29 million dollars worth of new AK-47's from a chinese company for the new Iraqi police force. I wonder if you have any problem over this if you are still in Iraq.?
This WalMart bashing is so totally stupid, IMO.
If you don't like the place, don't shop there. And no, I don't work there nor do I own stock in it.
Can it be possible that Wal-Mart buys $18 billion worth of goods from China and then RETAIL them for $175 billion ( 70% of $150 billion)
4 years ago, CBS New said the same thing , that American Companies typicaly manufactires a product in China for $1.40 (labour cost) and then rtail it in the USA for $120-00
I have no problem with WalMart and your arguements are silly....
If you think WalMart is bad, you should look at MCI or Enron for true inspiration or something....
As for the AK-47s, that is what the Iraqis wanted, so that is what we got them....
and I have been back for 4 months now from Iraq....
That advertising about Made in America hasn't been
used by Walmart since Clinton signed in on NAFTA!
You think Walmart's labels are non-U.S.? Try reading
labels at Marshal Fields!
me neither....its just cheaper and I am just starting out as a home owner....
and the funny part is, it is an American company that probably employs millions of workers.....
but the pseudo communists always come out of the woodwork in a WalMart thread....
I like Walmart.
It gets most of the business in my town of 9,000.
That way I can go to Family Dollar or General Dollar, get what I need for around the same prices, and avoid the crowd that is out at Walmart.
lol.
[I trek to the big W maybe 2 or 3 times a year for those items the other smaller dollar-type stores don't have.]
[I also find the dollar-type stores doing more and more business. Purchasers aren't buying large quantities, but the stores seem to have a decent flow of customers. I have a feeling others prefer the dollar-type, quicker in-quicker out stores to the big W.]
It is gonna be interesting when we need to make tanks to fight the Chinese? We have exported our manufacturing base. There sure won't be any possibility of a manufacturing war effort, if needed, like there was for WW-II.
I had a Sam's Club membership for years. I let it expire when we moved 2 years ago because the nearest Sam's is now more than 50 miles away. I primarily used it for office supplies and food purchases, well I know longer need the same quanitites of office supplies I once did, and there is a restaurant supply outlet a mile from Walmart.
If a Sam's were to open closer, I'd rejoin in a heartbeat.
Yawn, buy walmart stock.
Average increase 15% per year, double your money in five years.
What about the grocery sales? Are those included in the total sales figure?
Wal-Mart's China inventory to hit US$18b this year
By Jiang Jingjing (China Business Weekly)
Updated: 2004-11-29 15:21
The world's largest retailer, Wal-Mart Stores Inc, says its inventory of stock produced in China is expected to hit US$18 billion this year, keeping the annual growth rate of over 20 per cent consistent over two years.
18Bilion vs 250 billion in sales?? Does not add up.There is not that much markup.
The trade status of most favored nation, a Clinton idea, gave the ChiComs their in.
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