Wal-Mart: The High Cost of a Low Price (2005) -- Spy Girl Viewer Forum

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Subject: Wal-Mart: The High Cost of a Low Price (2005)
Author: spy	[ Next Thread \| Previous Thread \| Next Message \| Previous Message ] Date Posted: 17:25:19 12/08/05 Thu Author Host/IP: i216-58-0-52.cybersurf.com/216.58.0.52 In reply to: spy 's message, "Long Gone" on 23:25:26 12/18/04 Sat a must-see for all consumers. Don't shop there! [ Next Thread \| Previous Thread \| Next Message \| Previous Message ]

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Is Wal-mart Good for America?

Author:
spy
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Date Posted: 21:46:29 01/16/06 Mon
Author Host/IP: i216-58-50-68.cybersurf.com/216.58.50.68

Another great anti-Walmart documentary! It was from manufacturing point of view (shutting down USA factories because they cannot compete with Chinese products).
(80% of Wal-mart suppliers are in China.) Two harmed companies featured were Thomson and Rubbermaid. The new thing I learned about: the bargaining process.

Walmart execs & these supplier salesmen periodically get into a private mtg. room in Wal-mart headquarters. Then Wal-mart says "either you lower your price by 5% or we won't stock your product anymore", even if the cost of the materials has increased so it's impossible. Even more
interestingly, sometimes they have 3 or 4 suppliers in the room together and they force them to low ball their prices to compete with each other, even if the item only costs $1. One guy said that they'd argue down to the penny. Therefore this forces all of the manufacturers to move to
China.

Also, in the past, with the American products, Walmart's markup was like 20 to 30% but with the Chinese goods it is 90%.