Wal Mart Commercial
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TiernanWally Mart is claiming over the next 10 yrs they will purchase over $250 Billion (with a B!) of USA made product to stimulate American manufacturing. Anybody else find this somewhat doubtful and just a little hypocritical? Don't get me wrong (if) they can do it I think it's great but Wally has to admit they were part of the problem that got us where we are.
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gorocks99
Pretty sure it's $50B in US products over the next 10 years (per press release: http://cdn.corporate.walmart.com/5e/d7/afa2c96b460fa894144296b3947c/manufacturing-commitment-fact-sheet-jan_130026992715228283.pdf). Still a lot of money but not quite $250B. We'll see. A huge chunk of their products are food which is a lot of stuff made here. Their bigger ticket stuff will probably still be made elsewhere. -
TiernanThe commercial says $250B, just saw it again 10 min ago watching the Olympics on NBC.
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gut
What is that, 1% of their annual sales? With $470B in current annual sales, they'd should be close to $5T in sales over the next 10 years.gorocks99;1579336 wrote:Pretty sure it's $50B in US products over the next 10 years. -
gut
So 5% of annual sales...how big of them.Tiernan;1579338 wrote:The commercial says $250B, just saw it again 10 min ago watching the Olympics on NBC.
But actually I give them a lot of credit. Simple fact is everyone knows Walmart screws the little guys and imports all their shit from China, but people go there because the prices are low. Liberalism and generosity always stop short of most people's own wallets. -
Dr Winston O'Boogie
That's really great. But too late. Those guys have ruined so many small businesses, they will never be able to make that up. -
TiernanThe commercial ends with a text overlay saying, “Over the next ten years, we’re putting $250 billion to work to help create new manufacturing jobs in America.”
pretty ambitious to say the least -
Tiernan
actually they claim 66% of all product on their shelves is domestic.gut;1579343 wrote:So 5% of annual sales...how big of them.
But actually I give them a lot of credit. Simple fact is everyone knows Walmart screws the little guys and imports all their shit from China, but people go there because the prices are low. Liberalism and generosity always stop short of most people's own wallets. -
gorocks99
Gotcha. Found that new press release from them: http://cdn.corporate.walmart.com/4c/0f/5be4f45047d2a0b20795089987e2/us-manufacturing-faq.pdfTiernan;1579346 wrote:The commercial ends with a text overlay saying, “Over the next ten years, we’re putting $250 billion to work to help create new manufacturing jobs in America.”
pretty ambitious to say the least
A: In January 2013, Walmart committed to American renewal by announcing it intends to help boost job
creation and U.S. manufacturing through buying an additional $50 billion in U.S. products over the next
10 years. To help put this in perspective— over the next decade, when you add up what we spend each
year, we our pledge is to buy an additional $250 billion in American products. That means that by 2023,
we will sell 15 percent more U.S. products than we do today.Q: What categories or products can we expect to see produced in the U.S.?
We have over 1,300 categories and we’re evaluating every one of them. Some categories such as
textiles or apparel are more difficult to bring back to the U.S. Those categories that are rising to the top
are ones where:
o Transportation is a high percent of the cost
o Labor is a low percent of the cost
o Energy is a high percent of the cost
o Highly seasonal categories where “being close” matters to keep products on the shelf.
Having that flexibility is great for the customer, supplier and meeting customer needs. -
gorocks99
Per the latest press release I just posted, they said US products account for about 2/3 of what they spend to buy products. The percent of American made products on the shelves is probably less.Tiernan;1579347 wrote:actually they claim 66% of all product on their shelves is domestic. -
TiernanThis is the article I saw...
Wal-Mart's U.S. unit says about two-thirds of the goods it buys for its stores are made, sourced from or grown in the United States, citing data from its suppliers. It did not give a dollar amount for how much it pays for those goods, or what percentage the increased domestic sourcing would bring. -
gut
Probably just about all of their groceries, don't know what % of their sales that is but I'm sure it's significant.Tiernan;1579347 wrote:actually they claim 66% of all product on their shelves is domestic. -
Classyposter58
Idk about other places but Meijers is much busier than Walmart. Personally idk why you would go there unless you're in poverty, doesn't even feel like a grocery store and has terrible service -
Fab4Runner
There is no Meijer around here. I buy almost all of my toiletries at Walmart. They are much cheaper than Giant Eagle and all of the pharmacies around me.Classyposter58;1579369 wrote:Idk about other places but Meijers is much busier than Walmart. Personally idk why you would go there unless you're in poverty, doesn't even feel like a grocery store and has terrible service -
TiernanMeijer not Meijers / Kroger not Krogers
i know its petty but a pet peeve of mine...sorry. -
Trueblue23
I'm a Target man myself. -
gutI don't go to Walmart very often (not one convenient to me). But I've had that ShopSavvy app on my smartphone for a while that scans prices and shows you the cheapest in the area.
Because if you truly want to save money, then you have to go to more than just Walmart. Stores, including Walmart, are notorious for having loss leaders (such as milk) to get people in the door while being far less competitive on other items. And some things, like meat and fresh produce, are simply worth paying a little more for. -
Classyposter58
Agreed, House of Meats is the place for meat in Toledogut;1579389 wrote:I don't go to Walmart very often (not one convenient to me). But I've had that ShopSavvy app on my smartphone for a while that scans prices and shows you the cheapest in the area.
Because if you truly want to save money, then you have to go to more than just Walmart. Stores, including Walmart, are notorious for having loss leaders (such as milk) to get people in the door while being far less competitive on other items. And some things, like meat and fresh produce, are simply worth paying a little more for. -
TiernanI'm sorry but House of Meat sounds like a gay men's club.
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Lovejoy1984
LOL'dTiernan;1579413 wrote:I'm sorry but House of Meat sounds like a gay men's club. -
dlazzTarget and Meijer are both leaps and bounds better than Wal-Mart.
Even if they're a little bit more expensive than Wally World, I just feel better giving them my money. Not to mention the types of clientele Wal-Mart attracts.
The one near me is a fucking shithole. (Easton)
Also, the American products pledge is hilariously misleading. I'm betting a big chunk of those American dollars are being poured into plastics goods. Most cups, storage containers, and things of the like are all made in America. They also have a huge profit margin because they cost pennies on the dollar to produce and then they're substantially marked up. -
wildcats20
I had heard at one time, the store on Morse Road was "named" the dirtiest store in the country by Wal-Mart itself.
Meijer is so much better. -
dlazz
I don't necessarily believe that. I'll bet there's some real winners in the south.wildcats20;1579440 wrote:I had heard at one time, the store on Morse Road was "named" the dirtiest store in the country by Wal-Mart itself.
Meijer is so much better.
Yelp seems to agree with you. 1/5 stars:
http://www.yelp.com/biz/walmart-columbus-9?ob=1 -
Mohican00
Thank you for the meat forecast in ToledoClassyposter58;1579401 wrote:Agreed, House of Meats is the place for meat in Toledo -
Tiernan
thats a 1/4 of a Trillion, Phys Ed teacher...can't save the economy but it can sure as hell stimulate it.ccrunner609;1579455 wrote:$250 billion wont do shit for the economy......