To: ambrose
Even that doesn't matter, this Wal Mart issue is the killer for the union and the grocery stores.
The total percentage of profit a company like Vons made to value of holdings was 1% and if it is true that Wal Mart is slashing sales cost to the buyer by 14%, kiss the union, Vons, Ralphs, Albertsons and Stater Bros. bye bye.
Survival of the fittest.
I better look into Wal Mart stock.
14 posted on
10/18/2003 6:51:06 PM PDT by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: A CA Guy
except that alot of people won't buy any type of fresh food at a walmart (I wouldn't).
To: A CA Guy
Ironically, Gelsons may be the big winner from a big Wal-Mart move. Upper income people will still want to have a decent place to shop, and will pay a premium to do so.
18 posted on
10/18/2003 6:57:35 PM PDT by
ambrose
(Free Tommy Chong!)
To: A CA Guy
The total percentage of profit a company like Vons made to value of holdings was 1% and if it is true that Wal Mart is slashing sales cost to the buyer by 14%, kiss the union, Vons, Ralphs, Albertsons and Stater Bros. bye bye. I'm going shopping at Jons early tomorrow morning. They have the biggest T-Bones I've ever seen. And they do the meat cutting right there and wrap them in paper for you too. And I'll pick up some Melanesa steak for lunchmeat too! The regular stuff like canned goods are cheaper too. And their produce must be 50% less than Ralphs or Vons without the union overhead.
122 posted on
10/25/2003 7:46:35 PM PDT by
BobS
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