They reduce local retail employment by 2.7% in every co... ... middle of paper ... ...ecessary income to support their families with good pay and benefits. They shouldn’t have to rely on taxpayers to pull them up when their company won’t provide the basics. When most people hear of Walmart coming to it’s communtiy they are excited because it means jobs. It’s true, they do employ people but they fail to pay them a wage they can live on and this in turn hurts everyone. Taxpayers have to help support families that can’t support themselves with dismal pay that does not feed them or provide them with the basics to sustatin themselves.
Economic Development (2006): 23-31. Web. 28 Feb. 2011. Jacobs, Ken. "Living Wage Policies and Wal-Mart."
Wal-Mart grew to its enormous size mainly because of the low prices it offers its consumers, which seems to be an obvious benefit to the economy. New England Consulting estimated that Wal-Mart saved U.S. customers $20 billion in 2002 alone. With the price cuts other retailers make to compete with them factored in this total reaches $100 billion. When you combine these savings with the convenience of being able to buy ones food, clothing, electronics, gas, and almost anything else one could desire in one place you have a winning formula. The low prices they charge get them large percentages of the consumer's money, which in turn allows them to charge such low pri... ... middle of paper ... ...their success.
“Walmartstores.com: Fact Sheets.” Walmartstores.com. N.p., n.d. Web. 17 Sept. 2011. . “Wal-Mart Stores, Inc.” International Directory of Company Histories.
Wal-Mart Stock Information. (2007) Retrieved electronically on April 15, 2008 from http://walmartstores.com/Investors/7643.aspx Wal-Mart Stores, Inc. Wal-Mart Annual Report. Retrieved electronically on April 13, 2008 from http://walmartstores.com/Investors/7666.aspx
Wal-Mart takes hits on worker treatment: USA TODAY. Retrieved on June 15th, 2005 from: http://www.usatoday.com/money/workplace/2003-02-09-wal-mart-cov2_x.htm Fernie, J. & Arnold, S. Wal-Mart in Europe: Prospects for Germany, the UK, and France. International Journal of Retail & Distribution. Bradford: 2002, Vol 30, Issue 2/3, P92-103.
The average American spends $151 a week on groceries; adding up to $604 a month which is taken out of the hard earned pay check of the household. It is not a mystery why shoppers would want to use coupons to attempt to bring down this cost. Efficient shoppers understand the value of spending the time to meticulously plan each trip to the grocery store to fit in as many coupons as possible. Joanie Demer quit her job in order to spend her time maximizing the benefits from couponing. When couponing, the best way to save is doubling up the coupons to utilize the voucher to its fullest extent; extreme couponers will hoard several copies of a newspaper or magazine in order to stock up on the coupons so they can double up and have enough for the overstock they need to hold over until the next sale on that product.
After watching The Wal-Mart Documentary: The High Cost of Low Price, I am strongly against Wal-Mart in America because of several reason but will narrow it down to: the closings of small businesses, high crime rate, and discrimination against employees. Well how about a little fun fact: Wal-Mart makes millions of dollars every day and does little to nothing to help their community or employees make a living to support their families. The business motto of Walmart is all about low prices but at what cost? The Wal-Mart Documentary: The High Cost of Low Price, reveals the many chain of events happening when a Wal-Mart is built in a town, such as: small mom and pop shops closing their business because they can NOT compete with the “BIG HOUSE”, employees being discriminated by the color, race, and either not getting promoted or are being told to go on government funding because Wal-Mart doesn’t want to provide quality healthcare. In The Walmart Documentary, stated: “Wal-Mart cost taxpayers $1,557,000,000.00 to support their own employees” (U.C.
International Thompson Business Press: London. Mc Carthy, J (1996) Basic Marketing: A managerial Approach, 12th edition. Irwin Homewood, IL, Kotler, Phillip (2000) Marketing Management: Millennium Edition. Prentice Hall, NJ Doyle, Peter (2002) Marketing Management and Strategy: 3rd Edition. Prentice Hall, UK QMBA (2004) Strategic Management (online) Available from: http://quickmba.com/strategy/matrix/annsoff [Assessed on October 21 2004] Centre for Economic Policy, The effect of the Tax Break System of the UK Economy online) Available from: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=171 [Assessed on October 21 2004] TSI (2003) What Are The Main Principles of the European Single Market?