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Showing posts with label Wal-mart. Show all posts
Showing posts with label Wal-mart. Show all posts

Saturday, July 7, 2012

Wal-Mart: 50 Years of Gutting America's Middle Class

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Walmart's explosive growth has gutted two key pillars of the American middle class: small businesses and well-paid manufacturing jobs


Sam Walton opened the first Walmart store in Rogers, Arkansas, 50 years ago this month. Sprawled along a major thoroughfare outside the city's downtown, that inaugural store embodied many of the hallmarks that have since come to define the Walmart way of doing business. Walton scoured the country for the cheapest merchandise and deftly exploited a loophole in federal law to pay his mostly female workforce less than minimum wage.

Monday, January 18, 2010

Wal-Mart to Centralize Global Sourcing, Reduce Use of Middlemen

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Wal-Mart in early January announced a sweeping plan to consolidate its global procurement functions and reduce the use of intermediaries in its global sourcing processes, leading to savings of billions of dollars per year.