To: GingisK
"WalMart took that to even greater levels."
About two professional "reinventions" ago, I was involved with the textile industry, in a sales and marketing capacity. Domestic textile manufacturers went to great lengths to get into Wal Mart; they were viewed as a "holy grail" of sorts due to the tremendous sales potential, and so these companies were absolutely thrilled to get onto the vendor matrix. Once production began, at a price agreeable to both parties, Wal Mart would then eventually come to control the vast majority of their capacity. Then came the demands, on price, on turnaround ... you name it, they put the screws to it. These companies could not hold their ground, because they'd have gone under if they lost such a huge account, with nothing remotely plausible to take the place of it. They were quite literally over a barrel. And, this was in the "good old days" of Sam Walton insisting upon domestic sourcing wherever possible.
To: RegulatorCountry
I had extactly the same experience with them in regard to electronics devices. My company died, I found a new employer. The process has repeated three times. My hate for WalMart is fully justified.
220 posted on
12/31/2006 12:25:47 PM PST by
GingisK
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