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No, they pay higher purchase prices due to lack of economies of scale and lack of access to Chinese labor (see post above about China not wanting a billion riot
by Vivtek 16y ago
No, they pay higher purchase prices due to lack of economies of scale and lack of access to Chinese labor (see post above about China not wanting a billion rioting Chinese laborers).
They probably also pay somewhat more because Walmart doesn't care if they lose people to turnover, while a small store does. But that's not what's putting the small stores out of business.
- ams6110 16y agoWalmart doesn't care if they lose people to turnover Source? Turnover is a high cost to any business, and if there's one thing Walmart is good at it's watching expenses.
- Vivtek 16y agoWell, obviously they do - but the cost to Walmart of a single employee leaving is negligible, while that to a small store is a serious loss of investment. Walmart "cares" only in the very large aggregate.