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With 269 Stores Closing, Is this the Beginning of the End for Walmart?


#1

With 269 Stores Closing, Is this the Beginning of the End for Walmart?

Stacy Mitchell

All great empires eventually fall. This is as true in retail as it is in geopolitics. Often the descent into oblivion takes decades. A&P, which was once such a formidable market power that it was the subject of antitrust hearings in Congress, began to falter in the 1950s, some 80 years after cloning its first store. At the time, it was by far the largest grocer in the country. It would remain the industry leader for another quarter of a century, even as its stores seemed increasingly outdated and its corporate practices inexplicably unable to keep up.


#2

"And so, in dozens of tiny Southern communities, Walmart opened Express stores, often destroying locally owned businesses in the process. Now it’s packing up and leaving. In Whitewright, Texas, Walmart’s closure came just a year after its grand opening and only three months after putting a 60-year-old family-owned grocery store out of business. And in Oriental, N.C., a town of 900 people, Walmart’s new Express store caused the closure of the 44-year-old Town n’ Country grocery store. Now the Express store is empty too, and the nearest grocery store and pharmacy are a 50-minute round-trip drive."

The same thing just happened in the small town of Trenton, Florida, about 30 miles West of the University Town of Gainesville.

There's talk in "Conspiracy circles" that there's more than just shifting profitable locations around.

I will post 2 links:


#3

This is the "new normal":

"In reviewing the situation, the Washington Post’s editorial board opted not to blame Walmart for its bait-and-switch, or even to blame city leaders, who were so in-the-tank for the company that they ignored warnings from activists (including me) and failed to get the deal in writing. Instead, the Post had the audacity to blame D.C. residents for not subjugating themselves sufficiently. “Has the District created an unstable business environment in which employee pay, benefits and work conditions are decided by popular whim, with little regard for the realities of the business world?” the editorial board declared."

Schools are underfunded and then judged failures for under-performing. This logical jujitsu then guarantees their closure so that for-profit corps. can sweep in like vultures and gut them.

People ARE being poisoned by Frack waters, food additives, food irradiation, gen-tech aberrations and then charged phenomenal sums to acquire wellness... if they can afford it.

Guns, nuclear power, Fracking, genetic manipulation of the living wonders that Mother Nature took eons to assemble...

An anti-life agenda is at the wheel. Its advocates are inhuman.

"One of the newly closed Walmart stores—a Sam’s Club in Michigan—sits right next to the corpse of a 1.3-million-square-foot mall that died years ago as the big-box stores spread."

If our nation's policies were not designed for, by, and of the billionaires' club, then there would be a moratorium on any more giant retail building UNTIL every existing mall or retail space is rented!

And ditto for the ongoing rape of forest lands!

Until EVERY existing home is occupied... No more Killing Trees... the precious lungs to our already mortally wounded planet!


#5

God! I hope the Walmart family has some savings to live on!


#7

This is the scariest one. However, even skeptics would find the information SHOWN to be disconcerting and it certainly does NOT conform to the Official Story behind the Walmart closings:


#8

I'm worried about the Waltons as well. I hope they are okay.

Cluck!


#9

Especially Lawn Boy.


#10

Are any of them old enough to collect Social Security?


#11

I can't help but think that every one of the stores they are closing. The tax breaks on those stores have ended.
That is why they are also going to open a hundred or so new stores, undoubtedly with them all getting those same type of tax breaks.


#12

Just look at Detroit and Flint, Michigan. Corporations move in and take everything that they need and then move out without giving anything back. These situations are bellwethers for the future.

In Houston, Compaq Computer extorted the City so they did not have to pay property tax and the City would build a four lane highway from Compaq's headquarters to an expressway. Then HP bought them and they simply closed their doors and moved out.

By the way, Compaq was started with a crime. Texas Instruments reverse engineered the IBM PC BIOS, which was the only information about the IBM PC that IBM did not make public. Texas Instruments then decided that making a PC clone would not be profitable enough and shelved the technology and two Texas Instruments engineers stole the plans from Texas Instruments and started Compaq.


#13

(Chuckle)

...but seriously, could you imagine such a totally nonviolent, human-hearted TV series like "The Waltons" - being successful today?


#14

It seems that the Walton family members are among the very few without a financial care in the world:

http://www.politifact.com/wisconsin/statements/2013/dec/08/one-wisconsin-now/just-how-wealthy-wal-mart-walton-family/

Most disturbing is not only did they not care about the economic upheaval the corporation caused when they forced small local businesses to shutdown, they appear to care even less now about the additional hardships being caused by the closure of its stores in these same small locales.


#15

Oh God, I hope so!!!!!

Sam Walton was an amazing entrepreneur with a great idea, but he used exploitation of his workers and his suppliers to make it work. His widow and children are much worse: they are the epitome of greed and everything that is wrong with the US.


#16

"Is this the beginning of the end for Walmart?" We can hope!! Here in Washington DC, we have many Walmarts, foisted upon us by our greedy mayor (who is paid handsomely by the Waltons), and every one of those "Malwarts" has shut down local shops, as has happened in towns and cities all over the US. And the low-grade merchandise sold in those Malwarts is made in factories in developing nations by poor people who live in squalid dormitories at the factories, and work long hours for a pittance. It's slave labor at it's ugliest.


#17

Unknown whether they care. The often overlooked part is that none of the living Waltons is involved in running the company. Just as no living Penney is involved in running J.C. Penney and no living Disney is involved in running the Walt Disney Company.

In a just world they would not have inherited so much money. (Perhaps instead the top 1000 managers would have inherited the company, and the company would have been split up, like Charlemagne's empire was divided between his sons.) Even so, since such kids are usually incompetent at handling any money, let alone the family business, in a generation or two (or three) the money will be dissipated.