“We still want to drive a hard bargain, but now we need to guard against abusing our power.” - Sam WaltonMaybe Wal-Mart abusing it's power is just a matter of opinion. But, I'm guessing many of those American factory employee's that are out of work might disagree. Is there any other way that Wal-Mart abuses it's power?
Tuesday, July 18, 2006
Sam Says:
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Wal-Mart has spent years abusing its power with suppliers. Vlassic Pickles had to file for bankruptcy over a 1 gallon jar of pickles they were selling to Wal-Mart. When Vlassic tried to come up for air concerning the wholesale price of the jar, Wal-Mart consistently said "no." By the time Wal-Mart finally let Vlassic come up for air, it was too late. Vlassic had to file for bankruptcy.
Pillow Tex (not sure how to spell their name) went out of business because of Wal-Mart. When Wal-Mart kept insisting on a lower wholesale price, Pillow Tex said they couldn't deliver and STILL PAY AMERICAN WAGES. That's when Wal-Mart said to take their business overseas to China, etc. where they could pay their workers much less. The company refused to do that. Wal-Mart stopped doing business with them, and now Pillow Tex is gone. 30% of their business was with Wal-mart and apparently it was enough to close them up.
Those working for the Master Padlock company shopped themselves out of a job when they shopped at Wal-Mart. Master Padlock took much of their business overseas, and of course their jobs with them.
Is Wal-Mart the only one doing this sort of thing? No. But they certainly started this ball rolling and everyone else followed suit. Do they abuse their power? Absolutely! One supplier who remained annonymous had this to say about working with Wal-Mart.
"Wal-Mart sucks." And this is what wants to come to Saranac Lake? I don't think so!
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