When cotton was king in the Old South, plantation owners planted and replanted their fields until the soil was dead and then moved west in search of still-fertile soil. The First Quarter economic report out of Walmart makes me wonder. Has Walmart done the same thing with America’s retail market? From The Associated Press: Wal-Mart [...]
Vicente Trius had all the markings of a rising managemet star at Walmart, but after only five months at the head of Walmart’s South American division, Trius is departing. The newsrelease is unclear, but it looks like the departure is immediate. If it were his choice, for whatever reasons, personal or otherwise, the word choice [...]
First, let me say that I don’t think I’ve ever written a single word based on something Walmart chairman and heir Robson Walton has ever said. What possibly inspired him to open his mouth. Did his car run out of gas, or perhaps break down? Speaking at a global business conference for chief executive officers [...]
When a guy in a parking lot does business out of the trunk of his car for a fraction of the price you’d expect to pay at retail, alarm bells should go off in your head. But when a retailer finds a vendor willing to sell at an amazingly low wholesale price… It’s just another [...]
If you’re a Walmart Mom, Voter or just plain shopper living in North Carolina, your favorite place to find cheap plastic crap from China Vietnam and Thailand just handed your neighbors, and possibly your own family, a big thank you… By sending another 1,345 jobs from your state out of the country. From Al Norman: [...]
My adopted home of Cleveland, Ohio, indeed my entire state, suffers on the economic national stage in no small part because people who don’t live here have a difficult time conceiving of moving to Ohio to work and our college graduates who flee to hipper venues. What made me think of this is the announcement [...]
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Didier Leiton and Savin Phal are two of the reasons Wal-Mart shoppers get to save money by buying cheap plastic crap from China Costa Rica and Cambodia. Because they work under inhumane conditions with very low wages shoppers benefit. Do you think those shoppers are really OK with that? From the Dearborn, Michigan Press & [...]
I’m going to tie together to things which don’t seem to be related, other than that they both have to do with economics. First is this item from today’s NY Times: Asian Inflation Begins to Sting U.S. Shoppers The story makes the obvious point that inflation in Asia and a weakening dollar are causing prices [...]
Two headlines caught my attention this morning. The first was, Wal-Mart targets South Asian market. The second was, Is Wal-Mart Good For Asia? The former touts a Bollywood inspired clothing line. The latter explores Wal-Mart’s role in the diverse Asian market. Greg Rushford, editor of the Rushford Report, an online journal that tracks the politics [...]
I’ve read two interesting bits of Wal-Mart news out of Brazil this morning. The first is that the company is investing $693 there in 2008. The second is that the head of Wal-Mart Brazil is headed for Asia. It’s a nice promotion for Vicente Trius. From Bloomberg: Wal-Mart will open 36 new stores in Brazil [...]
Farmers in India have decided that protests are insufficient to fight off the tentacles of Wal-Mart and that they will need to fight retail with retail. My read is the farmers want to integrate themselves into an Independent Grocers Alliance model. From Reuters: Indian farmers and traders, opposed to the entry of private retail giants [...]
Fast forward about six minutes into the news broadcast. Since first communicating with Dr. Subrahmanyam I’ve become fascinated with nuclear Wal-Mart.. I Googled the phrase this morning and came up with more than 1,800 hits. What does it say about the world that people are comfortable with this use? Jeff Hess: Have Coffee Will Write. [...]
Wal-Mart looks to expand into yet another huge foreign market, according to Agence France-Presse. This time it’s Malaysia, the World’s largest Muslem nation. If Wal-Mart thought it had cultural problems in Japan and Germany, it’s got another think coming. The US retail giant Wal-Mart is keen to open stores in Malaysia, a junior minister said [...]
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