madmilker

Retailer Earnings Will Continue to Worsen

well...Michael...I'll tell you what I told Todd...


duh!....Thinking Locally! only if everyone lives in China. The nice people in China have no choice but to support their currency if they shop at a Wal*Mart.

quote***Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China. At Wal-Mart, we always work with our suppliers to grow together. In August 2007, Wal-Mart once again secured the top spot of the 2007 Supplier Satisfaction Survey conducted by Business Information of Shanghai. Additionally, Wal-Mart directly exports about US$9 billion from China every year. The export volume by third party suppliers is also estimated to be over US$9 billion.***end quote!

dang! 95%....so! that only leaves 5% for the other 182 country's that make items to sell to the World....including the United States of America.

Todd, you may be long on this company but your a little short on common sense. In order to have a strong currency that currency has to work for the people of that country. Now, the yuan in China works its a!! off by floating around China but with the American people "having to" buy imported items the US dollar gets sent overseas only to be stuck in a foreign bank. The company you praise is the largest in America but it makes nothing and if most all the things that the American consumer buys is outsource to a foreign land it leaves the United States of America holding the bag...cause "we the people" have nothing to sell in order to get all those US dollars back.
Fifty years ago foreigners would had given their left nut for a US dollar or a Hershey chocolate bar and today they have Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico.
Young people of today need to realize that "cheap" is not what the few fat farmers with the penmanship of a poet wrote about in 1776 .....it was the American dream and the word "cheap" will never put the American worker back to making items to sell to the World as long as the American consumer puts that word first.

It's the currency and to have a strong US dollar put it back in America floating from town to town cause the company that has the star in the name and no longer the hyphen above the door does exactly that in China with buying locally and supporting their export and all that so-call "cheap" items that the American consumers "have to" buy is going up in price because the yuan currency is going up in value.
Wake up!....America is $54 trillion in debt....think made in America for a change.