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Isn't Walmart's whole shtick that they move into an area and operate as a loss leader with the hope that their competition is forced to close?
by richbell 4y ago
Isn't Walmart's whole shtick that they move into an area and operate as a loss leader with the hope that their competition is forced to close?
- floxy 4y agoI guess if you have deep pockets you can try for decades to put the local mom & pop shops out of business?
- PKop 4y agoSo it's probably that this has nothing to do with their competition then, and rather some other factor causing the continued massive losses and ultimately their pull-out.
- dmix 4y ago> and their annual losses nearly doubled in just the last five years Something happened in the last 5yrs which made it untenable.
- deleted 4y ago[deleted]