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View Diary: Walmart trying to shut down wave of Black Friday protests (97 comments)

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  •  Hasn't Walmart been losing steam in recent years? (0+ / 0-)

    The whole "Black Friday" thing confuses me anyway WRT to a store like Wal-Mart.  Lots of press, lots of volume, but isn't it robbing Peter to pay Paul poorly?

    Black Friday shoppers will still buy Christmas presents even if they don't storm the barricades for bargains on Friday.
    But -- the whole Black Friday mania comples stores to offer deals that, I would think, don't carry much of a margin.

    Sounds like a day to let the other guy make the sales and stand by to make better profits on lower volume.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Tue Nov 20, 2012 at 06:35:44 AM PST

    •  Margins (5+ / 0-)

      Walmart sells lots of things below cost or at very low margin.  This allows them to clear the retail field of competition so they can raise prices later.  If they can sell hamburger below cost, they can put the local grocery stores out of business and monopolize the market.  This isn't capitalism and competition that they are doing.  They want to control both the retail market and the wholesale market, while forcing down wages.  Their goal is to control the consumer economy.

      William Hamilton practices Law and is a writer and community activist in the Charleston, SC area. He can reached through www.wjhamilton.com

      by wjhamilton29464 on Tue Nov 20, 2012 at 06:58:46 AM PST

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      •  They can't really do that. (0+ / 0-)

        It's one thing to shove out Mom 'n Pops, another to lose money while trying to take on the likes of Target, Costco, and regional chains like Meijer.

        Wal-Mart is struggling -- and losing money overseas.
        They also blew it online, being slow to embrace digital sales.

        The company is still profitable, but they need to get their act together or they'll slowly slide into irrelevance like one-time giants K-Mart, Sears Roebuck, Circuit City, and Borders.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Tue Nov 20, 2012 at 07:55:43 AM PST

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        •  AND (0+ / 0-)

          America will be better for it if Wal-Mart slides into irrelevance.  They are evil.

          Why do Republicans Hate Americans?

          by Caniac41 on Tue Nov 20, 2012 at 10:49:54 AM PST

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          •  I'm sure they'll be replaced by somebody (0+ / 0-)

            just as bad.  I've never heard anything about Wal-Mart that sounded much out of the ordinary for the retail industry other than sheer scale.

            LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

            by dinotrac on Tue Nov 20, 2012 at 11:36:11 AM PST

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