Another Hell Is Freezing Story

[mrwags]

http://www.usatoday.com/money/industries/retail/2006-10-16-walmart-china_x.htm




CHICAGO (Reuters) — Wal-Mart (WMT) has agreed to buy a Chinese supercenter chain for about $1 billion in a move that would give the world's largest retailer the biggest food and department store network in China, The Wall Street Journal reported Monday.

The deal is for the 100 Chinese supercenters owned by Trust-Mart, a closely held Taiwanese company, the Journal reported in its online edition, citing unnamed people familiar with the deal.

A Wal-Mart spokeswoman declined to comment.

If approved by Chinese regulators, the deal would push Wal-Mart past Carrefour for the most supercenters in China. Supercenters, also known as hypermarkets, are giant stores that sell a wide range of food and merchandise.

Wal-Mart beat Carrefour out in bidding for the Trust-Mart stores, The Wall Street Journal said.

Trust-Mart posted 2005 sales of about $1.42 billion at its Chinese hypermarkets, according to Euromonitor data, well above Wal-Mart's $764 million in its Chinese stores. By comparison, Carrefour had 2005 sales of $2.17 billion at its Chinese hypermarkets.

Wal-Mart has made no secret of its ambitions in China. The retailer has said that its operations there could be as big as its U.S. business in 20 years. Wal-Mart has more than 3,700 U.S. stores, but only about 60 in China.

In March, the retailer said it planned to hire some 150,000 people in China over the next five years — five times the number it currently employs — as it prepares for a major expansion.

In recent weeks, the state-controlled All-China Federation of Trade Unions has organized workers at all Wal-Mart's China stores.

International expansion has become increasingly important for Wal-Mart as its U.S. sales growth slows. Its U.S. discount stores posted 7.9% sales growth for September, while the international business turned in a strong 32% gain.

Wal-Mart's international operations have endured some high-profile setbacks this year, however, as the retailer pulled out of South Korea and Germany.

Shares of Wal-Mart were down 19 cents, or 0.4%, at $48.27 in late-session trading on the New York Stock Exchange.


For you long time Wal-Mart shoppers I pose a question? Have you noticed over the years the shelves growing ever more with Wal-Mart brand merchandise? Have you ever stopped and wondered why since it's usually 18-25% cheaper than anything else? Well a few years ago that package had a different look it had a logo of a company who worked with a distributor who for one reason or the other became Ripe for the picking for good ole Wally world to step in buy the rights and change the name to you guessed it Wal-Mart thats why.

The reason for the posting is this folks,they just don't buy up stores they buy contacts,leads if you will and by using every concievable marketing strategy use those leads to buy up those contacts and make them their own.

Now you ask thats not so bad right it is cheaper,yes but at what cost? I've seen first hand a factory bought and closed with in a week, once the union was busted it was reopened and staffed by temp companys (they own 360 of those in the us by the way) and the adverage pay cut to do the same job only this time for Wally? From 18.00 per hour with full Benefits to 10.20 with no benefits and 39 hours maybe. Yeah I'm glad I can get my Wally jerky for 4 bucks instead of 5.

Here is a short list of Wally's stake around the world:

Argentina

* Wal-Mart Supercenter (12)

Brazil (293)

* Wal-Mart Supercenters (23)
* SAM'S CLUB (15)
* Todo Dia (2)
* Bompreco Hypermart (29)
* Bompreco Supermarket (68)
* Bompreco Mini-Market (8)
* Balaio (Brompreco) (7)
* Magazine (Bompreco) (3)
* WMS Supermercados do Brasil
o BIG Hypermarkets (36)
o Nacional Supermarkets (68)
o Mercadorama Supermarkets (24)
o Maxxi Atacado Wholesale Clubs (10)

Canada (268)

* Wal-Mart Stores (272)
* SAM'S CLUB (6)

China (60)

* Wal-Mart Supercenter (55)
* SAM'S CLUB (3)
* Wal-Mart Neighborhood Market (2)

Costa Rica (130) (see note)

* Wal-Mart Central America (formerly Central American Retail Holding Company (CARHCO))
o Corporación de Supermercados Unidos (CSU)
+ Pali (97)
+ Max X Menos (23)
+ Maxi Bodegas (6)
+ Hiper Más (4)

El Salvador (59) (see note)

* Wal-Mart Central America (formerly Central American Retail Holding Company (CARHCO))
o La Fragua
+ Dispensa Familiar (26)
+ Despensa de Don Juan (31)
+ Hiper Paiz (2)

Germany

* Wal-Mart Supercenter (85); disposal announced July 2006. [1]

Guatemala (119) (see note)

* Wal-Mart Central America (formerly Central American Retail Holding Company (CARHCO))
o La Fragua
+ Dispensa Familiar (78)
+ Supertiendas Paiz (28)
+ Hiper Paiz (6)
+ Maxi Bodegas (6)
+ Club Co. (1)

Honduras (37) (see note)

* Wal-Mart Central America (formerly Central American Retail Holding Company (CARHCO))
o La Fragua
+ Dispensa Familiar (28)
+ Supertiendas Paiz (6)
+ Maxi Bodegas (3)

Japan (394) (see note)

* Seiyu Group
o Seiyu Supermarkets (296)
o LIVIN Department Stores (12)
o Seiyu Supercenters (2)
o Seiyu GMS (food & apparel) (81)
o Seiyu GM (general merchandise) (2)

(South) Korea

* Wal-Mart Supercenter (16) - sold May 2006 [2]

Mexico (807)

* Wal-Mart Supercenter (107)
* SAM'S CLUB (71)
* Bodega (204)
* Mi Bodega (21)
* Superama (55)
* Suburbia (56)
* VIPS Restaurants (291)
* Mercamas (1)
* Mi Bodega Express (2)

Nicaragua (35) (see note)

* Wal-Mart Central America (formerly Central American Retail Holding Company (CARHCO))
o Corporación de Supermercados Unidos (CSU)
+ Pali (30)
+ La Unión (5)

Puerto Rico (54)

* Wal-Mart Stores (9)
* Wal-Mart Supercenters (5)
* SAM'S CLUB (9)
* Supermercados Amigo (31)

United Kingdom

* ASDA (322)
o ASDA/Wal-Mart Supercenters (21)
o ASDA Supercenters (239)
o George (10)
o ASDA Living (6)
o ASDA Small Town (44)
o ASDA Essentials (2)

Note: Wal-Mart holds an unconsolidated 33 1/3% stake in CARHCO. In December 2005, Wal-Mart acquired a majority interest in Seiyu (53%), making Seiyu a Wal-Mart subsidiary.
[edit]

Acquisitions

* PACE Membership Warehouse (owned by Kmart; consolidated with SAM'S CLUB)
* Woolco Canada (converted to Wal-Mart Discount Stores)
* ASDA (UK)
* Supermercados Amigo (PR)
* McLane Company (acquired in 1993, later sold to Berkshire Hathaway in 2003)
* The Seiyu, Ltd.
* Wertkauf hypermarkets (Germany)
* Interspar hypermarkets (Germany)
* Bompreco (Brazil)
* Walmart.com (started as a joint-venture, it has since been fully acquired and is a wholly-owned subsidiary of Wal-Mart)
* Sonae Distribuição Brasil(Brazilian operations) - now WMS Supermercados do Brasil.
* Seiyu Group - Wal-Mart acquired a majority interest (53%) in Seiyu in December 2005, making it a Wal-Mart subsidiary.
* Central American Retail Holding Company (CARHCO) - formed as a joint venture in 2001 with three equal partners: Royal Ahold NV and two Central American groups: the Paiz family, the major shareholders of La Fragua; and Corporación de Supermercados Unidos (CSU). In September 2005, Wal-Mart acquired a 33 1/3 % interest in CARHCO from the Dutch retailer Royal Ahold NV. In March 2006, Wal-Mart made an additional investment, bringing it's share of the firm to 51 percent and changing it's name to Wal-Mart Central America.
* Cifra - Walmart's operations in Mexico started as Walmex, a joint venture between Cifra of Mexico and Wal-Mart Stores, Inc. Wal-Mart later bought a majority interest in Cifra and changed the name to Walmart de Mexico. Walmex is independently traded on the Mexican stock exchange, although Wal-Mart Stores, Inc. holds a majority interest.


Once they get their hooks BIG TIME into China they control the world economy folks. Because they will buy it all and then decide what they want us to have and at what price. Please understand all I'm not a hater,I hit those off season closeout sales every season change I only share what I know. Sony's in trouble as we speak if the PS3 is not the golden egg it's suppost to be it kinda makes ya wonder. But with them it will take years to build trust but just remember


I TOLD YA SO
Mr.Wags

 

[plumberjohn420]

boy they have their head shoved up everyones ass dont they. what a mess.

 

[FallenBuddha]

Wal-mart is obviously bent on world conquest.

peace -fb

 

[Nikijad4210]

I'd be far, FAR more worried about the pharmaceutical companies and the pill-pushing doctors than Wal-Mart.


Think about it. Who pays for the studies? Who helps bring about new disorder classifications? Who tells you what to ingest/inject?


Yeah, the pharmaceutical industry & docs' intentions worry me a fuckload more than merchandise.

 

[Guest]

http://www.icmag.com/ic/gallery/showphoto.php?photo=183506&sort=1&cat=fav&page=1

 

[Guest]

 

[Nikijad4210]

Hahahaha, too funny, man! I forgot about Hell, MI I wonder how good Halloween's gonna be there this year.....

 

[mrwags]

Yeah, the pharmaceutical industry & docs' intentions worry me a fuckload more than merchandise.

Sorry to say Niki but they did that first before anything else.

Presenting a new challenge to rival pharmacy chains and, indeed, drug manufacturers, Wal-Mart has revealed plans to make nearly 300 generic drugs available for only $4 per prescription for up to a 30-day supply.

The world's largest retailer said the program will be available to customers and associates of the 65 Wal-Mart, Neighborhood Market and Sam's Club pharmacies in the Tampa Bay area of Florida, and will be expanded to the entire state in January 2007.

"Each day in our pharmacies we see customers struggle with the cost of prescription drugs," said Wal-Mart CEO Lee Scott. "By cutting the cost of many generics to $4, we are helping to ensure that our customers and associates get the medicines they need at a price they can afford. That's a real solution for our nation's working families."

According to US press reports, the news sent the shares of big drugstore chains spiraling down amid fears that Wal-Mart's price cuts could cost them market share. Rival retailer Target Corporation, however, said it would match the lower prices in the Tampa Bay area immediately.



In the not to distant future they will start selling cars in Cali I predict in the next 5 years if not sooner you will see some type of Wal-Mart rent to own stores pop up next to the bigger outlets but yes they got drugs to.


Mr.Wags

 

[Nikijad4210]

For fuck's sake, Wags, REREAD what I wrote!!! I don't care who sells the damn things, I'm more concerned with WHO MAKES THEM, WHO FUNDS THE STUDIES, AND WHO PUSHES THE PRESCRIPTIONS.

Don't take that as yelling at or bitching at you, caps were to reiterate my point.

 

[Irishslappop]

noooooooooooooooooooooooooooooooooooo.

 

[mrwags]

For fuck's sake, Wags, REREAD what I wrote!!! I don't care who sells the damn things, I'm more concerned with WHO MAKES THEM, WHO FUNDS THE STUDIES, AND WHO PUSHES THE PRESCRIPTIONS.

Don't take that as yelling at or bitching at you, caps were to reiterate my point.

Sorry for that Niki but we are both correct


Equate is a private label brand of consumable pharmacy and health and beauty products, marketed by Wal-Mart. The brand used for consumable pharmacy and health and beauty items, such as shaving cream, skin lotion, over-the-counter medications, and pregnancy tests.

The Equate brand is an example of the strength of Wal-Mart's private label store brand. In a 2006 study, The Hartman Group marketing research firm issued a report which found that "Five of the top 10 "likely to purchase" private label brands are managed by Wal-Mart including: Great Value, Equate, Sam's Choice, Wal-Mart and Member's Mark (Sam's Club), per the study." The report further noted that "...we are struck by the magnitude of mind-share Wal-Mart appears to hold in shoppers' minds when it comes to awareness of private label brands and retailers." [1]

They make there own drugs and get the Docs to push them just like Merc and all the others but your are correct in the fact those damn legal drug salesman get fat on the fact medicare is so screwed up that they will pay 6 bucks for an asprin but let the sick die or go blind over a 3000 surgery. Equate is only one of many drug companys that they own that create market and sell drugs. That was my point. Sorry again


Mr.Wags

 

[Nikijad4210]

You're right, we are both right in that sense, sorry I didn't follow exactly.

 

[Guest]

Wal-Mart is China’s #1 export vehicle. Basically, Wal-Mart is the economic face of CHINA & oppression across the globe. Why & who allowed China to destry our country ? People worry about N Korean nukes...LOL ! Look at our trade deficit now ! US companies going under every day ! Wal-Mart coming to every corner..Who the fuck allowed the CCP into the WTO...and why ? This country has become a complacent liberal shithole ready for the big flush. This country needs a revolution and some former popular politicians need to hang.

http://www.mcspotlight.org/beyond/companies/antiwalmart.html

<snipped>

It’s our world

Why should we accept this? Is it our country, our communities, our economic destinies-or theirs? Wal-Mart’s radical remaking of our labor standards and our local economies is occurring mostly without our knowledge or consent. Poof-there goes another local business. Poof-there goes our middle-class wages. Poof-there goes another factory to China. No one voted for this . . . but there it is. While corporate ideologues might huffily assert that customers vote with their dollars, it’s an election without a campaign, conveniently ignoring that the public’s "vote" might change if we knew the real cost of Wal-Mart’s "cheap" goods-and if we actually had a chance to vote.

Much to the corporation’s consternation, more and more communities are learning about this voracious powerhouse, and there’s a rising civic rebellion against it. Tremendous victories have already been won as citizens from Maine to Arizona, from the Puget Sound to the Gulf of Mexico, have organized locally and even statewide to thwart the expansionist march of the Wal-Mart juggernaut.

 

[havalota]

Thanks to early constiutional additions (around 1913) corperations became people, with all rights and priviliges thereto, so they can sue the county or city for discrimination if they don't let them build a store on any property they own. See Frontline program on Wal-Mart, very sad, very scarry. Not too long ago, less than a month, there was a study done on the corrilation between the increase in numbers of welfare checks issued and the opening of new Wal-Marts. It stated that there was a 50% increase in welfare recipients in counties that had new Wal-Mart centers move in.