This is the story of my little town vs. Wal-Mart:
US against the WAL
ehBeth -- Yes, I do anticipate them putting a large number of small shops in small towns out of business. I doubt they can do the same in Toronto. I'm not going to go over the same old ground. I assume few people will read the first link... it was written by an amateur and is several years behind the times in web-ease.
This is a quote from an urban planner in Petaluma, California a year ago:
Quote:Many of these chains' strategies depend on growth by capturing existing local market share, rather than actually producing new sales. This strategy feeds such giants as WalMart, Target, Home Depot, Lowe's, RiteAid, Borders and Barnes & Noble. This destruction to local economies and downtowns is extremely well documented by the National Trust for Historic Preservation and others. (www.mainst.org ,
www.sprawl-busters.com )
Many cities find that as local businesses start becoming successful, national chains come in to cannibalize the economic progress achieved by local effort and investment. They let the locals take risks, then come in for the kill.
They drive locally owned and operated businesses out, competing with below-cost "predatory" pricing, inside deals with manufacturers and distributors not available to smaller retailers, cost-cutting through centralized accounting, management, insurance and warehousing, volume purchasing power, and a willingness to pay higher rents than the locals can afford. They pay low wages with few or no benefits, using high-turnover part-time employees who can't afford local housing and must commute.
In the states they have done just this many, many times. They have a really bad reputation. My town is one of only a few, Ossobuco's being another, that successfully fought off Wal-Mart coming here.
Though they are a huge employer, not one employee is a union member, most make minimum wage, about $17,500 a year if they work full-time, which most don't... for fear they might be protected under federal guidelines. The CEO, btw, made $17.5 million dollars last year.
These are Wal-Mart stores they've opened last month:
January 14th, 2004
City, State (Store Number) Type
Mesa (Higley), AZ - 5257 Neighborhood Market
Mesa (Horne), AZ - 5332 Neighborhood Market
The Village, OK - 5286 Neighborhood Market
Baton Rouge (Coursey), LA - 5328 Neighborhood Market
January 28th, 2004
Evansville (SE), IN - 5372 Neighborhood Market