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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.
I've had enough of someone else's propaganda. I'm for truth, no matter who tells it. I'm for justice, no matter who it's for or against. I'm a human being first and foremost, and as such I am for whoever and whatever benefits humanity as a whole.
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Z, you make me smile on an early Sunday morn' [Link] Geniesse Deinen Sonntag <3
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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.