Walmart went up against JC Penny, Sears, K-Mart and the other big boys, and gutted them. Why? Did anyone put a gun to your head and make you go in? Nope. You went in, because they had 'x' at a price you couldn't find elsewhere.
So, instead of blaming Walmart for being so super-successful, ask yourself HOW they did it. I'll give you a hint; Walmart lead the way in introducing technology into the way they do business. They were the first to impliment GPS tracking into their trucks, so they could intercept trucks running between stores and have them move goods that weren't selling in one store, to another store that was running out. They were the first to have a centrally managed logicistics, so they knew what was selling in individual markets, when it was selling and used technology to leverage this to their benefit.
Bentonville had trial runs with computerized shopping carts. You could type in what you were looking for, and a GPS-like guide would take you to the aisle and tell you within a matter of a foot or two, where that item was. You also were informed of sale items in aisles as you shopped. You could enter a shopping list, and the cart would guide you the shortest route to get your items. You even had a games screen pop up while you were waiting at checkout. This was an experiment, to see how well people liked it. It wasn't especially popular, so it wasn't deployed beyond a handfull of stores. Who else has even tried something like that? Even at this late stage in the game, while other companies are still drooling in their oatmeal, Walmart is investing $Billion$ in new data centers, such as Area 71. Do you know why? Becuause *if* there is a nuclear war; Walmarts are the best means we have of distributing goods, food, water, clothes to the population. If 'it' hit's the fan; Walmart will be ready to save your backside. Who else has a bunker, .... just in case? Who else has the distribution system already set up and in place across America?
K-Mart, Sears, JC Penny, Woolworth's had the market sewn up; but due to over-paid, incompetent management, they are now relagated to history. Technology disrupters force change, and you either adapt, or go under. If you are smart, you can use Walmart to your advantage and do very well.
For example, if you were to visit Arkansas you won't find any Costco stores; people like Walmart/Sam's (lotsa those everywhere). But, you will find hunting stores galore. Why? Because Walmart sells cheap guns - there is still a demand for the mid-range, high end and custom guns. Walmart sells cheap bikes, but there are bike stores that carry Giant, Specialized and others. Walmart excells at driving the prices on commodity prices low; and leaves the mid-range and custom markets to the others.
So, instead of blaming Walmart for being so super-successful, ask yourself HOW they did it.
Here’s how they did it. They simply bought off the corrupt thieves in DC. The Clintons and other politicians that would sell out their grandmother if it greased the skids to Wall St and others to sell out the USA under the pretense that average Americans earned too much. They opened our markets to China even though the China markets were closed to us.
Instead of patriots in Congress working to maintain an economically secure USA where we had a continually rising standard of living and a nation able to be self sufficient and secure, we had 535 traitors give or take some that are still owned by the Chinese lobbyists.
Capitalism is a wonderful self correcting concept if done with ethics and zero favoritism. If one takes the risk and fails then they should lose, and not be able to buy taxpayer forgiveness. Instead we have crony capitalism where taxpayers are sacrificed. We still don’t have free trade with Asia. Instead these Commie Asian countries have government subsidized industry that have no overhead and have no morals. They steal our intellectual property.
I need to understand why I hear Americans trying to defend Chinese instead of Americans?