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Plebbitimmigrant 14 points ago +14 / -0

Walmart going under would be simultaneously amusing and tragic. Tragic in the sense they are one of the largest employers in the country. So them going under would hurt a lot of people.

Amusing though because Walmart seemed like an unbeatable Corporate Juggernaut for the longest time.

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user2827 10 points ago +10 / -0

Tragic?!?

Do you know how many small businesses got put out of business or bought out while Walmart was claiming the retail space?

It might be some short-term pain, but if that allows the range of companies that were lost to reopen, it would be an overall positive that the money would flow in and out within a community rather than being extracted and sent to Walmart Corp headquarters.

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wQkeAF 8 points ago +8 / -0

200 people losing their jobs is tragic, yes.

You don’t have to feel sympathy for Walmart in order to feel empathy for families and individuals that are going to struggle even more now that they’re losing an income in this shit economy

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user2827 6 points ago +6 / -0

Fair point, I do sympathize with the minimum wage workers, who often need to get food stamps on top of their job to get by.

However, there's no way to fix these things to keep these massive companies from sucking the wealth from communities.

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Plebbitimmigrant 4 points ago +4 / -0

I meant Tragic as in the amount of people it’d hurt. That’s it.

I couldn’t give a Rats ass about what happens to the company. It’s the people I was mostly concerned about.

Because unless it’s changed dramatically since I worked there. Most of the staff aren’t there because they like Walmart. They’re working there because they’ve got precious few options.

And realistically the most likely replacement of Walmart would probably be regional competition/copycats buying up Walmart assets. Because they have the money and with the demise of Walmart the demand to fill.

Which while I suppose it’d be an improvement over a Multi-National Conglomerate. Probably isn’t what you were banking on.

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user2827 1 point ago +1 / -0

I typed out the previous response before seeing this, and I have to agree with this part.

It may come up that they are just regional replacements, but a big part of what makes Walmart profitable is by buying in such vast bulk that companies have no choice but to lower the prices to an extreme. Unless Walmart gets soaked up by a similarly large company, which is unlikely because many of these big box stores (Target for ex) are suffering in a similar way at this time.

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45-4KAG 2 points ago +2 / -0

I feel like Amazon would just grow bigger. They put our local bookstore out of business.

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BetterNameUnfound 4 points ago +4 / -0

Kinda like what happened to World Championship Wrestling.

In 1997, WCW Monday Nitro was THE most-watched show on ALL of cable television.

Four years later, the entire company was dead.

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JustMeBTR 5 points ago +5 / -0

CEO's, especially WalMart, etc did not want Trump to win reelection, at any cost. I'd love to ask them if the current state of well everything right now was worth it. Suck it up, if I had my way ya'll would be suffering ten times what we all are.

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MICHIGANisRED 4 points ago +4 / -0

Who'd you work for? Toy r us? Sears?

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Taffy333 [S] 6 points ago +6 / -0

Venture Stores...spun off from May Department Stores in 1989, closed doors in 1998. Then May got bought out by Macy's.

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BetterNameUnfound 4 points ago +4 / -0

Venture?

I remember when they did that "every 100th customer gets their entire purchase FREE" promotion.

Then they made it every 50th customer.

They were gone a couple of years later.

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MICHIGANisRED 3 points ago +3 / -0

That seems like just asking to get ripped off/exploited. No wonder they tanked.

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Taffy333 [S] 2 points ago +2 / -0

Venture was in trouble long before that promotion, and the final CEO was exploiting Venture for his own purposes. I'm not sure he could have kept it from tanking, but he surely didn't help make things better.

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Taffy333 [S] 1 point ago +1 / -0

I never heard that before. Must have been after I left the company.

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BetterNameUnfound 1 point ago +1 / -0

This would be around 1994-95.

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Jscholl17 1 point ago +1 / -0

That 100th/50th free customer promotion must have cut into sales hard. Imagine a customer getting an expensive TV for nothing. Then you add it up to other expensive items and there is no wonder why Venture went under.

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Taffy333 [S] 1 point ago +1 / -0

Venture was in trouble long before that promotion, which was more likely either a last-gasp effort, or perhaps a hairbrained idea of the last CEO who mostly seemed interested making Venture's coffers his own.

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Jscholl17 3 points ago +3 / -0

Anybody could see that promotion was horrific at best. Imagine if Walmart did that. Look at how many customers one store has in one hour. Multiply that by at least 100 stores and one gets an idea of how stupid that promotion was for the company.

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BetterNameUnfound 1 point ago +1 / -0

It was actually due to overexpansion in such a short time, but yeah, there's a reason nobody does THAT deal anymore.

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Jscholl17 1 point ago +1 / -0

A store called Ames did that in the late 1990s and early 2000s. They closed in 2002.

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Hope70 2 points ago +2 / -0

Then Macy’s started closing a lot of their stores too.

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MICHIGANisRED 1 point ago +1 / -0

I see, I was just curious. I had to look up what that is because I don't remember them.

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Taffy333 [S] 2 points ago +2 / -0

They were primarily in the middle Midwest.

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MICHIGANisRED 2 points ago +2 / -0

Yes, I'm seeing they never "ventured" into michigan. Indiana and Illinois, but not here.

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Taffy333 [S] 3 points ago +3 / -0

Venture never came close to being the size of Walmart, but I see the 'layoffs to cut expenses' as a slippery slope, as once it started at Venture it became an annual process that was all downhill.

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Taffy333 [S] 2 points ago +2 / -0

😸😸😸

I thought about writing the exact same thing in terms of 'ventured'.

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Winstonw 4 points ago +4 / -0

What should happen is all Walton assets get repossessed due to their cabal ties and crimes against humanity via a certain EO.

Neon Revolt did a 2 part series on the Arkansas ties into S&B, drug trafficking, human trafficking, and their satanic rituals. Worth your time for sure.

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GMFactual 1 point ago +1 / -0

S&B? wtf?

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Winstonw 2 points ago +2 / -0

Skull amd Bones. 322. Yale. Bush, Kerry, many others.

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VetforTrump 4 points ago +4 / -0

Walmart exist to peddle cheap Chinese shit. We gonna make our own now. I should add our own American Made quality shit.

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Biostrike14 1 point ago +1 / -0

Sadly I remember when Wallyworld was USA first and refused to sell beer. Then Sam died and the next week they sold beer and didn't care where the stuff came from.

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Paul_Revere 2 points ago +2 / -0

I would grieve for many of the employees of Wang-Mart, most of whom (in my area) are working long hours for little money. A lot of them are older people who have little choice.

As for Wang-Mart Corporate, they can suck dieased dick in Hell. Once, they were a great place to buy ammo, until they turned all woke and PC, and discontinued sales of firearms and ammunition.

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NoMoreMB 2 points ago +2 / -0

When China issues more sanctions against the US for Pelosi' visit to Taiwan, Walmart's shelves will be bare. That wil start the closings.

And a lot of people will starve, most poor Americans rely on Walmart for food.

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Taffy333 [S] 2 points ago +2 / -0

And Walmart will have done it to themselves by forcing all their vendors to manufacture in China.

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six_sigma_IQ 1 point ago +1 / -0

That's .01% of their workforce.