Wal-Mart’s Policies and Actions are damaging to a Small Town 's Economy
In the United States and all over the world, the entry and operations of big retailers like Wal-Mart into a small town sparks great controversy within the community. The fact that people contemplate on the fact that the policies and actions of Wal-Mart are destructive to a small town’s economy is not new. Most small town’s economies are run by subsistence and self-reliant traders. With time, the traders embrace the division of labor and specialization of skills in accordance with the trade, production and manufacturing needs of the community.
The history of Walmart
This article is going to tackle the history of one of the largest multinational retailer with more than 8500 stores all over the world, “Walmart”. Walmart now employs more than 2.1 million people, and more than 200 million customers visit their stores every week.
What you probably don’t know is that less than 50 years ago, Walmart was just but a small discount store. So Buckle up and let’s get started on the history of Walmart,
Wal-Mart Supercenter is a very large chain of stores that is located in several countries. As Wal-Mart expanded its business locations, various distribution centers for the sales were placed in several locations in the world.
One of my experiences that I wrote about was the difference between Nordstrom’s and Wal-Mart’s customers. In the past I have never been a faithful shopper of Wal-Mart. I will go to Wal-Mart on occasion to purchase something that I know they carry cheaper than their competitors. However, every time I go into Wal-Mart a thought always goes through my head about the preconceived ideas I ha...
Wal-Mart has been a huge debate subject in the news since it began to pop up in large quantities across the entire United States. The majority of that conversation focused on the negative impacts that Wal-Mart has on the communities and economies in which its super stores are located. Richard Vedder and Wendell Cox take a different approach and while they recognizes the downfalls and negative impacts that Wal-Mart can have, he focuses more on proving that the positives that Wal-Mart has on economies and communities outweigh those negatives.
Over the past 20 years, the nature of the American retailing market has changed dramatically, going from Mom and Pop's boutiques to mega retail stores like Wal-Mart. Especially in the last decade, Sam Walton's discount stores have proliferated in almost every city across the United States and Canada. But the opinions about the effects of Wal-Mart in small towns divide the rural population in two groups. Through economic, cultural and social arguments, the anti-Wal-Mart activists and the advocates defend their point of view about the expansion of the store in small communities.
The World of Wal-Mart: Discounting the American Dream I can say in my opinion was a very intriguing book. Being both informative and entertaining at the same time I was able to learn some history about Wal-Mart while not being bored to death with just dates and events. The book also gave me some insight about how other people view Wal-Mart as a whole. I thought people in general enjoyed Wal-Mart because it offers low prices and convenience but the book defiantly showed me that I was wrong and it gave reason to why people detested Wal-Mart. The book also refers to the American Dream, in connection to Wal-Mart. Purposing questions related to whether Wal-Mart is actually making the American Dream attainable or if it is actually making it tougher to fulfill. In my opinion I feel like this is one of the main points of the book, is Wal-Mart helping the American Dream or is it hindering it? Another idea that the book touches on is how Wal-Mart works. When works is said it is meant by how Wal-Mart remains functioning by attracting people or how it avoids some hazards to itself like unions o...
Many have complained about Walmart shrewd business practices to maintain its competitive edge and the loss it has brought to communities because of jobs lost to overseas suppliers. In the documentary, the question of Is Walmart good for America can be summed up in the statement that “Walmart is giving the American people what they want, low prices, to save money and to live better.” Walmart defends against those who would argue that Walmart has been bad for working class Americans because it has lower their standard of living. Walmart however states that that they have rather raised the standard of living for the American people by providing affordable products to its consumers. Brink Lindsey, economist in the documentary sums it up as “Walmart is good for America. Walmart is doing what America is all about, what the American market economy is all about, which is producing things consumers want to buy. Walmart is offering consumers a wide range of goods at rock bottom prices and therefore meeting the market test.” (PBS Frontline,
With its headquarters in Bentonville, Arkansas, Wal-Mart was commissioned in the hands of its founder Sam Walton. Generally, the Wal-Mart effect is structured in a manner that it aids economic experts to evaluate attached global and local economic effects to the famous Wal-Mart retail. The term Wal-Mart effect is often employed by analysts to refer to the wide variety of both negative and positive influences of the retail business (Hiltzik 1). Evaluation of the retail’s effects is significant as the business is not only a key figure is the world’s economy but also it is arguably the most performing private economic retail. Briefly, Wal-Mart has conventionally caught the eyes of consumers since it not only boosts their experience by suburbanizing local shopping but also it avails low commodity prices for necessities (Neumark, Junfu, and Stephen 406).
Walton grew up in a rural area in the United States. He tried lots of things such as running variety stores before founding Walmart. Walton believed that discount stores could succeed in smaller markets based on the success of many Ben Franklin stores which were located in smaller markets. From the beginning, Walmart focused on small-towns, in rural or suburban areas. In 1962, Walton started his first Walmart store in the small town of Rogers, Arkansas. Then, Walmart grew up by following Walton’s expansion strategy in which new stores should be adjacent to existing Walmart markets and distribution lines. (Ortega, In Sam We Trust) Besides the concern about geographic location, Walmart also understood customers’ shopping habits - they preferred