Quote:
Originally Posted by Kathy63
That's a knotty problem isn't it?
The mom and pop businesses are usually overpriced and sell outdated goods. They don't have the inventory turnover and high costs. Walmart has high quality goods, lower prices and a record of raising employment.
Mom and Pop need to change the way they do business. If they can't, Walmart will run them off. .
|
Walmart raises employment alright. At entry level wages. What do you mean Mom and Pop's don't have high costs? That's bordering on absurd. Take a look at most mom and pop's leases and you;ll see that not only are they getting socked with about triple or quadruple what Walmart is paying, they also usually foot the bill for the triple net's that Walmart or other chains in the same property are not. The mom and pops are subsidizing the chains in that regard. And what is this outdated goods thing? That's also ridiculous. Mom and pop has to face to face it with their customers. I cannot see the majority of them getting that by.