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Walmart had no “justifiable reason” for taking down products from an entire region, the ruling Communist Party’s Central Commission for Discipline Inspection sa
by vanusa 5y ago
Walmart had no “justifiable reason” for taking down products from an entire region, the ruling Communist Party’s Central Commission for Discipline Inspection said in a strongly worded statement Friday. The agency added that the move was prompted by ulterior motives and showed “stupidity and short-sightedness.” The American big-box retailer would suffer the consequences for its actions, CCDI said.
The extent to which the this bill seems to be making their backs arch is quite refreshing, actually.
- greenyoda 5y agoBut the Chinese government has considerable leverage over Walmart, and can probably pressure them to back down. From the article: > "China is home to 434 Walmart and Sam’s Club stores, covering more than 69 million square feet, as of the end of January 2021, making the country Walmart’s second-largest international market by retail square footage"
- vanusa 5y agoWalmart doesn't have a choice -- they're only doing this because of recently passed legislation. Did you think they made this drastic move out of the goodness of their hearts? You can bet their lobbyists are already working overtime to have the legislation repealed or watered-down, though.