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Just to add to this, WalMart is primarily a grocery store. Like most grocery stores, it has a net profit margin that hovers around 3%. The Waltons are not ric
by coredog64 9y ago
Just to add to this, WalMart is primarily a grocery store. Like most grocery stores, it has a net profit margin that hovers around 3%.
The Waltons are not rich because each WalMart vacuums money out of a community. The Waltons are rich because there is a metric shit-ton of stores that do a high volume of business, and they get their 2-3% slice of it.
- bkdbkd 9y agoThat would be nice, but they make money from sucking wealth. When Walmart Comes to Town https://economics.mit.edu/files/7575 https://economics.mit.edu/files/7575 Bloomberg https://www.bloomberg.com/news/articles/2016-01-25/wal-mart-it-came-it-conquered-now-it-s-packing-up-and-leaving https://www.bloomberg.com/news/articles/2016-01-25/wal-mart-... An early Snapper Mower take on walmarts practices: https://www.fastcompany.com/54763/man-who-said-no-wal-mart https://www.fastcompany.com/54763/man-who-said-no-wal-mart https://www.youtube.com/watch?v=jf-Sr3SjBzk https://www.youtube.com/watch?v=jf-Sr3SjBzk