4 ms·
Doesn't Walmart do something similar when they open a store in a new area?
by deedub 5y ago
Doesn't Walmart do something similar when they open a store in a new area?
- gruez 5y agoI thought walmart just had lower prices, period, rather than having lower prices when they enter and then jacking them up.
- jonathankoren 5y agoWalmart was repeatedly found guilty of predatory pricing, along with entering consent decrees to forbid predatory pricing throughout the 1990s. Arkansas https://www.washingtonpost.com/archive/business/1993/10/13/wal-mart-loses-suit-over-pricing/98fef031-51aa-4371-8c09-9f8f2e083309/ https://www.washingtonpost.com/archive/business/1993/10/13/w... Wisconsin https://ilsr.org/walmart-settles-predatory-pricing-charge/ https://ilsr.org/walmart-settles-predatory-pricing-charge/
- JohnWhigham 5y agoWalmart is the original modern big company to do exactly this. And now they're now seen as the "good guy" when compared to Amazon. Ain't life funny?
- moftz 5y agoYou don't necessarily have to engage in predatory pricing if you can sell in such volume that you can get better prices than a mom and pop as well as offering a one stop shop for most consumers. You don't even need to raise prices once the competition is gone simply because you are already making a decent profit.