I, like many students of business, have great admiration for Walmart’s tremendous success through its innovative supply chain management structure, relentless pursuit of always having the lowest prices, etc, etc.
This does not mean I admire their complete and total disregard of their own blue collar employees. i.e. Paltry medical benefits and just a shear disinterest in workers in general. I’ll just leave it at that.
Recently, Walmart has begun to cannibalize sales of their own existing stores in various locations. Essentially stores are opening up in close proximately to older stores. Now, you would think Walmart would recognize and avoid such a maneuver given past experience of other retail giants. i.e. Home Depot, Target, etc. continue reading »