Amazon next ..., page-10

"It's anti-competitive, it's predatory, and it's not right,"​

I feel really sad for poor old Walmart.

They had a great thing going there for a while.

They were one of the first to disrupt traditional retailing, driving thousands of smaller retailers out of business by offering lower prices by means of loss leaders and taking advantage of tax incentives and lower minimum wage locales.

If stores didn't achieve profit expectations, they just closed them, sacked the staff and left the towns with little or no alternative.​

Case in point: A 44-year-old grocery store in North Carolina saw a 30% sales drop immediately when a nearby Walmart opened a couple of years ago, according to a Bloomberg News story. Whenever the mom-and-pop supermarket cut prices, the Walmart would match or undercut them. The store finally succumbed to the inevitable last October, closing up entirely.

This is a common enough tragedy in rural America. But what happens when the Walmart itself closes? Until recently, this wasn’t much of a concern, as Walmart store closures have been rare. But last week, the company announced plans to close over 269 stores, including over 100 small “Express” stores that primarily served rural small towns.
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Now Walmart are crying "anti-competitive and predatory"?