Walmart to the Rescue
Say it isn't so, but Walmart has been cutting prices.
Walmart has temporarily rolled back prices on hundreds of food items by as much as 30% this year. How? By pressuring vendors to take costs out of the supply chain and it is the small suppliers that suffer it the most.
Labels: money saving tip, Walmart
Posted By: Joe on Friday, June 06, 2008
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1 Comments:
I say let the chips fall where they may.
If vendors cant stay in business because of being forced to reduce their already thin margins, who is going to replace them?
Don't get me wrong, I don't like spending as much as possible on something.
But as a business owner I realize that there are costs associated with doing business. If I eat all the costs just so I can sell my service, then who am I working for?
I don't shop at walmart. I haven't in several years.
While this kind of thing is good for their business, it's not very good for the companies that fall by the wayside and get replaced by off shore companies.
And I really don't care if companies in other countries make a profit. In fact I hope they do. It's good for their people and good for the world.
But to force local companies (no matter what country you are in) down the toilet is just bad.
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