Posted on 05/13/2005 8:24:27 AM PDT by Houmatt
Well, they ARE Arkansas based. ;o)
I'da spotted you for the the quality person that you are and hired you in a heartbeat.
God bless, and keep on keepin on.
Uh-oh. Wal mart thread...Wal mart thread, I'm outta here. Please, put a towel on the floor to soak up the blood my fellow freepers will draw from each other. I'll lurk(maybe). Bye.
Dear NYorkerInHouston,
"They may import, say, 25 billion dollars worth of Chinese goods but they won't sell the goods for 25 billion."
That's why I looked at the cost of goods sold.
Wal-Mart sales were $285 billion for the last full year reported.
The cost of the stuff was $220 billion for that period.
$25 billion is about 11% of $220 billion.
Thus, about 11% of what Wal-Mart bought, by dollar volume, was imported from China.
sitetest
I worked a summer job at wal-mart. night crew, helping a construction team remodel my local store.Hard, backbreaking work tearing down and rebuilding the insides of the store, all the displays, the floors, repainting, etc. As with carenot, the ones who did less work, lasted the least amount of time. I worked hard, and during the time I was there, on more than one occasion I was offered a free spot in their management training program, or a spot in "loss prevention", once the remodeling crew was finished. You get out of a position what you put into it. There are so many wal-marts and so many openings, that its next to impossible NOT to move up, and if you can't find a position in your local store, your store will find openings in other places in the chain for you, if you want one.
I refer to such folks as Social(ist) conservatives. And where, prey tell, do these National Socialists shop?
No wonder WalMart can't find anybody to work for them and all their stores had to close.
LOL.
Frigginidiot.
Quote: Eighty percent of the more than 6,000 factories supplying Wal-Mart merchandise are located in China
Toddster you keep on ignoring me. When are you coming to my local WM????
I'll even let you subtract your traveling cost from the $1000 bet.
BTW: Went there again last night. Looked at 25 more items.
2 were made in US, 2 in mexico, 3 in banglesh and the rest in china. i have to stop the though I think management is wondering what I'm doing.
However when you stop in I 'll go.
I will also come to your local WM if that is o.k.
So, you never told me how many items you've counted. 25 last night, how many total? Is 25 as high as you can get on any one visit?
How many items do you suppose an average WalMart stocks? How does that compare to your WalMart?
Best analysis I've yet seen on this disgusting phenomenon.
Interesting too since Walmart is trying their hand at transforming other aspects of our society.
The worst part is the existence of the official Wal-Mart corporate press gangs, who move from town to town throughout the rural South, dragging young people from their homes at gun point and loading them into trucks and rail cars for a bumpy, unheated trip to the nearest Wal-Mart Employee Training Center, where - I have it on good authority - they are only given Chinese rice and soybeans to eat and aren't allowed any clothing but khaki pants and Wal-Mart polo shirts until they finish their terms of indenture.
Something must be done. ;)
I am a fund manager, and I must admit that 90% of this article is factually correct.
Quote: which allows people in China to buy stuff.
The only problem is the chinese will buy from themselves and ONLY from the US if an item is not avauilable to them in china.
Quote: Thus, about 11% of what Wal-Mart bought, by dollar volume, was imported from China
Right. My local WM easily has 65-75% of the items on the shelf saying either Made in China or Assembled in china. Toy section has 85-90% made in china. All the b&D tols, msot of the Stanly, just about all the GE. The only items not made in china were the paper plates, and paint.
Want to be added to my $1000 bet with Toddsterpatriot? He will not take me up on it though.
Check out you local WM and you will see.
The problem is china is no longer making just inexpensive cheap goods.
Probaly a good chance the computer terminal and screen you are looking at was made in china.
WalMart bought about $198 billion in goods in 2004. If you're right and they bought 65%-75% of their goods from China that would be between $128 billion and $149 billion worth of Chinese goods in 2004. Are you seriously pushing the idea that WalMart imported between 65% and 76% of all American imports from China? As opposed to the 7.5% of goods they claim they get from China?
I know you have a history of being off by a factor of 10, but don't you think if WalMart's claim was off by a factor of 10, some of your union WalMart bashing buddies would have made a stink about it?
Dear superiorslots,
Sorry, but even this anti-Wal-Mart article says that Wal-Mart accounts for one-eighth of China's imports to the United States.
Even this anti-Wal-Mart article states China's imports were $197 billion.
In the meanwhile, Wal-Mart had sales of $285 billion last year on a cost of goods sold of $220 billion.
You do the math.
I don't know what bet you had with Toddsterpatriot, and I don't really much care.
The article is poorly written in that it cites hard numbers that show that Wal-Mart gets about 11%, by dollar volume, of its products from China, but then insinuates that much larger amounts of Wal-Mart products are from China:
"Eighty percent of the more than 6,000 factories supplying Wal-Mart merchandise are located in China."
It is possible that that statistic is actually true, but irrelevant. And certainly, its insinuation is false.
This is a poorly-written rant that uses statistics in deceiving ways.
There are many arguments one might make against Wal-Mart. There is no reason to make deceptive arguments. The author of the article gets an "F," and only ruins the credibility of anti-Wal-Marters, especially in the minds of folks like me, who have qualms about Wal-Mart, but aren't quite willing to join the Red Queen in Sentence First, Verdict Second.
sitetest
Dear Toddsterpatriot,
I think that the cost of goods sold number you quote for Wal-Mart is actually the 2003 number (don't make me go pull out the annual reports again!!). I looked at the 2004 number this morning, and it was $219 billion and some change. As well, I think the 7.5% Chinese imports number may also be from 2003, but I'd have to go back and look at the data to verify that.
Of course, the fact that the actual 2004 numbers are a bit larger actually help your argument. ;-)
sitetest
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