Maintaining Optimism in the Face of Reality. Occasional observations on the state of the world, society, business and politics. Usually anchored by facts, always augmented by opinion.
I said it was a matter of scale. Walmart is too big, but because of the fragmentation of the market in which they operate, they are a long way from causing antitrust concerns. And believe me, by the time they are big enough to meet antitrust criteria, we're in trouble. thus, the only option for regulation under our current legal regime is this sort of local zoning control.
I thought I would take a moment to help people understand just how large Walmart is, because I think it is easy to lose perspective on something like this. I mean, everyone knows they're big. But how big?
Employees: Walmart employs 1,700,000 people, according to the most recent figure on Yahoo Finance. If it were a state, it would be the 39th largest state in the nation, just behind Nebraska. Clearly, "fewer people than Nebraska" doesn't make it sound so large. Let me put it another way. Consider the following small businesses:
- Kroger (the second largest, behind Walmart, grocery chain in the U.S.)
- Target (the second largest, behind Walmart, mass merchandiser in the U.S.)
- Costco (the second largest, behind Walmart, club store in the U.S.)
- General Motors
Put a third way, about half of the U.S. population is "working age" right now (25-64). That means that about 1.1% of the U.S. labor pool is employed directly by Walmart. This doesn't include the largely contract (and in some cases illegal, judging from occasional news reports) labor used to clean their stores, and other effectively direct employees.
Market Scale: Walmart's trailing 12 month revenue is about 2.91 billion. According to federal statistics, total U.S. retail sales for 2004, excluding automotive, was 2.63 trillion dollars. Again, about 1.1% of all retail spending goes to Walmart. Comparatively, the following eight rather large store chains combined had about 2.87 billion in revenue over the same period:
- Albertson's (the #3 grocery chain)
- Best Buy
- Dollar General
Now, I have obviously skipped discussing any of the reasons I am troubled by Walmart, since scale alone is not necessarily a negative. I will likely return to these issues another time. To summarize to the point of near vacuity, but as a hint of my feelings it comes from their corporate practices in dealing with labor and vendors, the macoeconomic impact they have on our trade deficit (not to say Walmart is solely to blame for our trade imbalance, of course), the manner in which they encourage a race to the bottom in product quality in the name of reducing price, and their simply unpleasant merchandising and aesthetics, as long as I'm on a rant.
More to come on these things another time. Enjoy your Memorial Day.
e-mail post | Link Cosmos | [Permalink] | | Monday, May 30, 2005
True unfettered competition is the only way to improve the wealth of a community, of a state and of our nation.
The use of zoning by unions and local merchants to block Wal-Mart is a blocking of an entity freedom to conduct business. If their business is not ant-competitive in nature (i.e. price fixing or selling below cost to bankrupt competitors), government has no business obstructing trade.
Trade is a fundamental right - enshrined in the virtues of the Fifth amendment (i.e. unreasonable search and seizure) and should not be tolerated.
1 - Focus on selling inexpensive items
2 - Cutting-edge logistics to improve inventory turn and focus on delivering the products that sell.
The urban myth is Wal-Mart abuses its workers and thus that is why they sell items for large discounts. The truth is they are significantly ahead of the competition in sourcing of products.
Once again, I go into Wal-Mart for only certain items and I am more likely to be in a Target or Costco, but I will not disparage the successful.
The next time you see a Walmart truck draped in an American flag, remember it's going there full of Chinese goods and will return to China filled with American money!
Temperature taken in 1 second
Measures temperature in the ear
Temperature range: 34 - 42.2°C (93.2 - 108° F)
Indications: Temperature (°C or °F), no lens filter attached, change battery, user errors, instrument malfunction electronic gadget new
Ball Honeys-BallHoneys-Bangbros Network-BangbrosNetwork-Big Tits Round Asses-BigTitsRoundAsses-Moms Anal Adventure-MomsAnalAdventure-Monsters of Cock-MonstersofCock-Ox Pass-OxPass-Public Invasion-PublicInvasion-Spring Break Spy Cam-SpringBreakSpyCam-Taylor Bow-TaylorBow-Tug Jobs-TugJobs-
Anal Lick Fest-AnalLickFest-Black Attack Gangbang-BlackAttackGangbang-Blowjob Quickies-BlowjobQuickies-Cock Brutality-CockBrutality-Cum Farters-CumFarters-Drool My Load-DroolMyLoad-Frank Wank-FrankWank-Gagging Whores-GaggingWhores-Hell Fire Sex-HellFireSex-Meat Holes-MeatHoles-Meat Members-MeatMembers-My Wifes Friends-MyWifesFriends-No Cum Dodging Allowed-NoCumDodgingAllowed-Nut In Her Mouth-NutInHerMouth-Oral Cum Queens-OralCumQueens-POV Pervert-POVPervert-Real Milf GangBang-RealMilfGangBang-White Meat on Black Street-WhiteMeatonBlackStreet-Whorgies-Whorgies-
All Inclusive Pass-AllInclusivePass-Creamed Feet-CreamedFeet-Cummy Pantyhose-CummyPantyhose-Fucked Tits-FuckedTits-Hot SheMale-HotSheMale-Mother Daughter-MotherDaughter-Penetration Tease-PenetrationTease-Pvc and Latex-PvcandLatex-Sleep Assault-SleepAssault-Spanked and Abused-SpankedandAbused-Use My Daughter-UseMyDaughter-
Call this number now 24 hours a day 7 days a week (413) 208-3069
Get these Degrees NOW!!!
High School Diploma "BA", "BSc", "MA", "MSc", "MBA", "PHD",
Get everything within 2 weeks.
100% verifiable, this is a real deal
Act now you owe it to your future.
(413) 208-3069 call now 24 hours a day, 7 days a week.