Everytime a Wal Mart opens up, it becomes surrounded by strip malls FILLED with SMALL BUSINESSES! Wal Mart merely redefines the retail hub and ATTRACTS businesses.
"Everytime a Wal Mart opens up, it becomes surrounded by strip malls FILLED with SMALL BUSINESSES"
That's exactly what happened where I live. They bought property that had been a manufacturing plant that long ago closed and was really an eyesore. Now we have a Super Wal-Mart and a couple of other chains by it and quite a few small local businesses. It was a win-win situation.
yes, but that is not seen from the perspective of the suppliers of goods and services. sure, walmarts in your retail hub attract other stores. but its what's happening to suppliers that is the issue here - the cost pressures are driving all the manufacturers offshore - and that will extend to food soon also. and if company X takes a stand, Walmart goes out and finds company Y who is willing to knock off the same product and take it offshore, and company X is destroyed on price and the breadth of walmarts retail reach buries their product.
Exactly -- a Super Wal-Mart opened in the town 30 minutes away from me and the economy has exploded there...new banks, shops, restaurants upgrading, new motel, new car wash, etc.