Sounds like its specific to Wal Mart though. The article said Costco saw a 4% increase during the same period.
Wal-marts motto should now be:
We don’t carry it anymore
And if we do then it is out of stock.
Maybe they should rename it “ChinaMart”. Sam must be turning over in his grave.
Thank a Democrat, Walmart.
You don’t have the same demographics or laws in China, Chili and Mexico that exist here. I bet a good portion of the losses here in the U.S. are due to theft and Shoplifting by the entitled classes. I have never been to a Wal-Mart in these other countries but I bet the shop lifting losses are much lower in the stores located there than here.
American companies with global presence are all doing well... but the growth is coming from overseas, and from a declining $USD. Obamanomics is killing us at home.
It’s because the other countries accept shoddy poor quality and don’t even know the difference between good and bad. They feel lucky to be given the choice of poor quality most of the time (that would be the general populations, of course their elite have western quality). I have mostly stopped shopping at Walmart because of poor quality of even inexpensive products. I got tired too of taking things back because of defective packaging.
Wow, when we can’t even afford cheap chinese junk, we’re really going in the crapper.