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Assuming Wal-Mart actually sticks to its ultimatum. If one of the most successful businesses in history can't find a way to turn a profit in one of the most po
by imgabe 13y ago
Assuming Wal-Mart actually sticks to its ultimatum.
If one of the most successful businesses in history can't find a way to turn a profit in one of the most populous, affluent areas in the country while paying employees enough to live in the same area, then maybe they shouldn't be in business after all. Like the article says, Wal-Mart needs DC. DC doesn't need Wal-Mart.
CostCo has no problems here and they pay around $15/hour.
- txttran 13y agoCostCo and Wal-Mart have pretty different business models despite being competitors. It should be noted that CostCo's retail business, without the membership fees, is actually not profitable. It's the membership fees that put them in the black. Source: http://www.thedailybeast.com/articles/2012/11/26/why-can-t-walmart-be-more-like-costco.html http://www.thedailybeast.com/articles/2012/11/26/why-can-t-w...
- drcode 13y agoCostCo is the "Country Club" of grocery stores, with an up front membership requirement. Poor people do not need more Country Clubs.