OF THE
TIMES
In the US, Wal-Mart is closing 102 Wal-Mart Express stores, the competition experiment to the growing dollar stores. (Well, the buck stops here for that experiment!) Also closing are 23 Neighborhood Markets, 12 supercenters, seven stores in Puerto Rico, six discount stores and four Sam's Clubs. It will, instead, open 50 to 60 supercenters, 85 to 95 Neighborhood Markets and 7 to 10 Sam's Clubs in the U.S. during the fiscal year that begins Feb. 1. Outside the U.S., Wal-Mart plans to open 200 to 240 stores.At least the rich are keeping themselves busy. Will be interesting to see if a lot of the closures coincide in states that are upping minimum wage.
History will have to record that the greatest tragedy of this period of social transition was not the strident clamor of the bad people, but the appalling silence of the good people.
Salmonella is rife here in the tropics. As is a mythical entity known as Karikari: an invisible entity that lives off the body fat of its victims...
Seinfeld sucked. And Jerry Seinfeld has never been funny.
The important thing to understand is that the UFOs are REAL. Whether they're crewed by little gray humanoids or tall white humanoids or "living"...
This article provides a good explanation why the tech magnate Bill Gates jumped into the pharmaceutical industry prior to the world releasing AI:...
So, the plan is still using Ukrainians as artillery fodder.
To submit an article for publication, see our Submission Guidelines
Reader comments do not necessarily reflect the views of the volunteers, editors, and directors of SOTT.net or the Quantum Future Group.
Some icons on this site were created by: Afterglow, Aha-Soft, AntialiasFactory, artdesigner.lv, Artura, DailyOverview, Everaldo, GraphicsFuel, IconFactory, Iconka, IconShock, Icons-Land, i-love-icons, KDE-look.org, Klukeart, mugenb16, Map Icons Collection, PetshopBoxStudio, VisualPharm, wbeiruti, WebIconset
Powered by PikaJS ๐ and InยทSite
Original content © 2002-2024 by Sott.net/Signs of the Times. See: FAIR USE NOTICE
Argentina also has quite a bit of Walmart's but have not heard what the effect will be there.
Chile where I live, they operate under the name Lider (the company they bought out and now own 51%). Just because it is Walmart does not mean they are exempt from a country's regulations. There have been more than a couple of nationwide worker strikes with them quietly settling with workers till the next round. In that respect, they are no different than the other two or so native hypermarket conglomerates in Chile.
Another difference I note from the States (my origins), small mom and pop operators often sell at or cheaper than Walmart and continue to thrive due to locational convenience and habit among the locals.