Black People : Dollar Tree Buying Family Dollar Could Be Bad News For Wal-Mart and Dollar General

Discussion in 'Black People Open Forum' started by Clyde C Coger Jr, Jul 29, 2014.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
    ...
    Oh boy, ... still making billions off the poor :facepalm:

    Multimillion-dollar settlement could signal end of Charlotte’s dollar-store drama
    BY KATHERINE PERALTA

    ... Dollar Tree sued Charlotte-based Dollar Express in June, alleging that the newly formed chain and its owners siphoned off funds and failed to pay Dollar Tree over $50 million for goods and services.

    http://www.charlotteobserver.com/news/business/article193787519.html

    Multimillion-dollar settlement could signal end of Charlotte’s dollar-store drama

    Dollar Express and parent firm Sycamore Partners are paying Dollar Tree, the parent company of Matthews-based Family Dollar, $35 million.
    charlotteobserver.com

    upload_2018-1-11_10-47-3.png
    Customers exit a Dollar Tree Inc. store in Shelbyville, Kent., on Friday, May 15, 2015. In the latest development in an ongoing and complicated dollar-store drama, Charlotte-based Dollar Express and Dollar Tree have settled a pair of lawsuits filed last summer. Luke Sharrett Bloomberg



     
  2. Symbol of America

    Symbol of America going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Oct 1, 2017
    Messages:
    1,289
    Likes Received:
    240
    Gender:
    Male
    Occupation:
    RET: EMS & TPD
    Location:
    East America
    Ratings:
    +899
    Even if Dollar Tree, General Dollar, Family Dollar or Millsberg's infamous Hootchies Dollar store combined they wouldn't be one blip on the radar of Wal-Mart who rakes in a cool 485 billion dollars a year. Even if they attempted to open 24 hours and expand half their stores to match The highly successful 24 hour Super Wal-Marts they'd never recoup their expansion investments. Target or should I say Targea' who some consider upscale with their overpriced glitz products tried the superstore model and even a brief but failed 24 hour model and failed miserably. Our government long sold us out by guaranteeing China's vast profit picture to be lucrative at all cost lest they call in our loan. It's called bottoms up diplomacy.

    Now bow before the master.

    Walmart-money-by-year.jpg
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
    "... Our government long sold us out by guaranteeing China's vast profit picture to be lucrative at all cost lest they call in our loan."


    Good post, but is there a nexus I'm not understanding between China, Walmart and money borrowed by the government, somehow, please explain?


    U.S. Debt to China: How Much Does It Own?
    Exactly How Much U.S. Debt Does China Own? And Why?


    The U.S. debt to China is $1.2 trillion as of October 2017. That's 19 percent of the $6.3 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $20 trillion national debt is owned by either the American people or by the U.S. government itself ...

    https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355

    How Much Does the U.S. Owe China?

    The U.S. owed China $1.2 trillion as of October 2017. America's debt pays for its imports. It's helped China become the world's largest economy.
    thebalance.com



    ...


     
  4. Symbol of America

    Symbol of America going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Oct 1, 2017
    Messages:
    1,289
    Likes Received:
    240
    Gender:
    Male
    Occupation:
    RET: EMS & TPD
    Location:
    East America
    Ratings:
    +899
    Sorry for the confusion, I am just using Wal-Mart as just one minuscule example of China's control of our economic structure in our lopsided tenuous agreement with China regarding international trade, distribution, marketing and retail sales. The "Dollar Outlet" business model is based on hit and miss shelf stocking from bids and discontinued bulk item purchases of inferior and unsafe sundries at rock bottom prices that in some way they feel is only attractive to low income consumers. When NAFTA reared it's ugly head to the detriment of Americans as a whole China, Canada, Thailand and Mexico made out like bandits. Mexico is a very wealthy country more then most people even realize but their investment and lending model is very conservative, China on the other hand spends billions in volatile ventures and brute forces them to become profitable by any means necessary. Wal-Mart was a decent brick and mortar company until Sam Walton passed away then the greed took over and even though Wal-Mart is now an uncaring global profiteer "that eventually entered the pay to buy our goods scam (Sams) and don't expect us to bag them for you" their Chinese suppliers put a virtual lock on Wal-Marts supply chain by selling them everything from A to Z making Wal-Mart along with every other wholesale and retail business partner in America susceptible to defective merchandise lawsuits while China being a foreign entity not subject to American quality control standards bearing responsibility for damage, pain or suffering and was immune to such. The most damning and glaringly criminal example to date was the infamous Chinese drywall scandal. Many American drywall suppliers were and still are respondents to singular and class action lawsuits with Lowes taking the biggest hit.

    www.prospect.org/article/wal-mart's-china-connections

    https://www.walmart.com/ip/The-China-Connection/558737739

    https://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/wmchina.html
    Secrets - Wal-Mart And China - A Joint Venture | Is Wal-Mart Good For America? | FRONTLINE | PBS
    pbs.org


    www.barrons.com/articles/jd-wal-mart-make-a-chinese-connection-1466535856

    www.allnewspipeline.com/Walmart_Closings_And_Jade_Helm.php

    The secret Clinton/Wal-Mart/Chinese dirty deal.

    www.allnewspipeline.com/Hillary_Wal_Mart_Red_Chinese_Secret_Police.php

    www.wal-martchina.com/english/walmart/

    https://en.wikipedia.org/wiki/Walmart

    https://www.thedailybeast.com/how-china-could-crash-the-global-economy

    How China Could Crash the Global Economy

    Markets have paid too much attention to what the Chinese government says, and too little to what the economy is not doing.
    thedailybeast.com


    www.heritage.org/asia/report/chinas-influence-africa-implications-the-united-states

    https://www.ft.com/content/da94e4e2-1787-11e7-9c35-0dd2cb31823a
    Subscribe to read
    ft.com


    https://www.state.gov/r/pa/ei/bgn/18902.htm
    China
    state.gov


    https://www.imf.org/EXTERNAL/PUBS/FT/ISSUES8/INDEX.HTM
    Economic Issues 8 -- Why Is China Growing So Fast?
    imf.org


    https://www.quora.com/How-dependent-is-the-US-economy-on-China
    How dependent is the US economy on China? - Quora
    quora.com


    https://www.brookings.edu/research/the-future-of-u-s-china-trade-ties/

    The future of U.S.-China economic ties

    David Dollar shares how the U.S. can persuade China to become a more normal trading and investing nation. The efforts require a mix of carrots and sticks from the Trump administration, a policy that could be characterized as “responsible hardball.”
    brookings.edu


    www.foreignpolicy.com/2017/05/12/the-united-states-is-losing-asia-to-china

    www.billmoyers.com/story/chinese-debt-explained/

    www.abovetopsecret.com/forum/thread1074758/pg1

    www.bbc.com/news/business-24453400

    https://en.wikipedia.org/wiki/Chinese_drywall
    Chinese drywall - Wikipedia
    en.wikipedia.org


    Flag_of_Federal_Republic_of_China.png

    walmart-store.jpg

    imflogo.jpg

    wto.png

    263px-Seal_of_the_United_States_Department_of_the_Treasury.svg.png









     
  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394

    As usual, the plethora of links and sources you provide are on point. Nevertheless, I don't see a trifecta, so to speak. In other words, no contrived nexus exists between Walmart, China and our government.

    Referring to the link you provided:

    https://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/wmchina.html
    Secrets - Wal-Mart And China - A Joint Venture | Is Wal-Mart Good For America? | FRONTLINE | PBS
    pbs.org

    From the beginning, Sam Walton and Wal-Mart focused on buying goods as cheaply as possible, which often meant buying imports. Here is an examination of the history of Wal-Mart's procurement practices in Asia and China -- even through its own "Buy American" promotional campaign in the 1980s and 1990s -- and the prognosis for the future.

    It establishes that Sam was indeed the culprit, and not the other way around as put ...

    "Wal-Mart was a decent brick and mortar company until Sam Walton passed away then the greed took over ..."

    Moreover, our government has no control over Walmart buying the cheapest goods available nor is there any control we can exert, even with "trade agreements," to prevent China from devaluing its currency through manipulation, among many other advantages it enjoys.

    So, Walmart, on its own, has accomplished exactly what it intended, and that is to devour retail sales, globally, by every means necessary.

    ...
     
    Last edited: Mar 11, 2018
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
  7. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
    ...
    We visited Dollar Tree and Dollar General to see which was a better store — and the winner was clear

    Mary Hanbury

    The verdict: Dollar General was leaps and bounds ahead of Dollar Tree in terms of the shopping experience and quality of products. It felt as if Dollar Tree were relying on the fact that its low prices would always draw customers in, and while this may be true, Dollar General definitely seemed like a bigger threat to stores like Walmart ...

    http://www.businessinsider.com/dollar-tree-dollar-general-compared-pictures-details-2018-3

    We visited Dollar Tree and Dollar General to see which was a better store — and the winner was clear

    Dollar Tree and Dollar General are the two biggest dollar stores in the US. We visited both to see how the shopping experience compared.
    businessinsider.com

    [​IMG]
    Dollar Tree offers a no-frills shopping experience.
    Business Insider/Mary Hanbury

    On average, the company's stores are 7,300 square feet in size. Considering this is one-tenth of the size of a Walmart store, we were impressed by the variety of products on offer.
    [​IMG]Business Insider/Mary Hanbury
    Source: Dollar General



     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
    ...
    15 Things You Should Never Buy at Walmart

    Megan Elliott
    MORE ARTICLES



    1. Groceries
    Walmart sells more groceries than any other retailer in the United States, but that doesn’t mean consumers actually like shopping there, the store came in dead last in Consumer Reports’ 2017 ranking of America’s supermarkets; though the prices are right, people were less impressed with the produce selection, bakery, and meats. The store is rolling out new services like curbside pickup, though, which could improve shoppers’ perception of the chain ...

    https://www.cheatsheet.com/money-ca...-never-buy-at-walmart.html/?ref=YF&yptr=yahoo

    15 Things You Should Never Buy at Walmart

    Walmart touts its “everyday low prices” and broad selection, but that doesn’t mean the mega-retailer is always the best place to spend your paycheck.
    cheatsheet.com

    [​IMG]
    Walmart doesn’t always give you the best deals. | iStock.com
     
  9. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

    Country:
    United States
    Joined:
    Nov 17, 2006
    Messages:
    47,996
    Likes Received:
    11,120
    Gender:
    Male
    Occupation:
    Speaker/Teacher/Author
    Location:
    Dallas, TX
    Home Page:
    Ratings:
    +14,394
    ...
    All I can do is :facepalm: ... A Catch 22.


    Dollar stores are thriving – but are they ripping off poor people?
    [​IMG]
    Joe Eskenazi in San Francisco

    The Guardian


    ...The bags of flour at a Dollar Store just south of San Francisco cost only $1, but they also only weigh two pounds. Most bags in the supermarket are five pounds, and can be scored for less than $2.50 at cavernous retailers like Walmart or Costco – though these require time and, often, a car to access.

    https://www.yahoo.com/news/dollar-stores-thriving-ripping-off-100005060.html

    Dollar stores are thriving – but are they ripping off poor people?

    By weight, items can actually work out more expensive than Walmart or Costco, for instance. While online retailers have transformed the landscape of American commerce, the largest three dollar-store chains are prospering offline, opening more...
    yahoo.com

    [​IMG]

    A Family Dollar store in Queens. By weight, items can actually work out more expensive than Walmart or Costco, for instance. Photograph: Bloomberg/Bloomberg via Getty Images

     
Loading...