So it is looking like
From
billv@21:1/5 to
All on Fri Apr 29 16:33:47 2022
It is looking more and more like Walmart is failing. I saw
similar difficulties with Montgomery Ward's Sears, Kmart,
builder's square, JC Penny's and others in the past as they
were in their death spirals. Some lasted quite a long time,
others disappeared rather quickly.
First there are shortages of goods, especially in the house
brands and then inventory gets reduced across the board with
profitable but lower markup items biting the dust early on.
Two keys are house brand insulin shortages and then those
little 50 cent pies that are suddenly unavailable in all
stores in my region (that's 4 stores total.) Distances to
those stores are 60, 60, 70, and 90 miles, all in different
directions. The largest of those stores has the cheapest
prices. AFAIC an increase in retail price of 10% or so
might save the chain and despite the predictable complaints
I think that would be an acceptable compromise if that
saves the chain. There's nothing available today that could
replace the function for me and it is doubtful anything will
spring up quickly nationwide.
Hate to see them go. Still, probably they'll outlast me.
Perhaps they've just had their run and the problems run
deeper than we on the outside can appreciate.
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