Wal-Mart: Thriving During Retail Recession [View article]
And those "low prices" come from outsourcing every job they can to China. So while you are shopping there you are actually working to put yourself out of a job. I'll spend a few cents more at a decent store that pays its employees well, treats them with respect and doesn't buy 90% of its stuff from China.
Ok, I'm no stock expert and don't want to be. I don't own any stock outside of my 401k, though I am a self-described "Sears" and "Kmart" fan. Here is what I find amazing -- while all the so-called analysts are screaming how bad it is, that they can't make a buck, etc. Kmart and Sears have done darn good business this holiday season. Everytime I go into a Kmart there are a lot more people roaming the aisles than there were a few months ago. Same for Sears. Kmart and Sears brought back layaway which for us poor folks out there (me included) really helped.
I'll be so glad when they buy all the stock back and take this company private. Investors and their greed is what drove this economy to the brink of collapse. The rest of us out there -- you know us poor slobs who do actualy JOBS for a living instead of trading paper money -- are so sick of this entire mess and Wall St. determing who lives and who doesn't.
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I'll be so glad when they buy all the stock back and take this company private. Investors and their greed is what drove this economy to the brink of collapse. The rest of us out there -- you know us poor slobs who do actualy JOBS for a living instead of trading paper money -- are so sick of this entire mess and Wall St. determing who lives and who doesn't.