[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

[superiorslots]

I think WM is playing looseytoosie with the numbers. They say they are buying 18 billion from china when in fact they probbaly are...directly from Chinese companies. However they are wanting you to believe that when they buy from B&D, an american company that those products are from America when in fact B&D makes them in China.

I've been on 4 WM missions and 65-75%(and I'm lowballing this) of the items on the shelf say made in china. i can only recall 10-15 items amde in the US and they were the cheap stuff like paper plates.

Why don't you go to WM yourself and check this out if you don't believe me. I betcha toddster already has and that's why he won't make the trip.

[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.

You're correct. This argument started before the Jan 05 financials were finished. All numbers were based on January 2004 financials, mostly 2003 sales.