Wal-Mart Profit Up on Overseas Gains (China)

Foxnews ^

[maui_hawaii]

CHICAGO

[maui_hawaii]

Analysts pointed to cost cuts from a global purchasing operation put in place last year that allows Wal-Mart to use its massive size to buy products cheaper for its more than 4,700 stores around the world.

"Product acquisition costs are falling faster than our prices at the register," said Mark Miller, a retail analyst with William Blair, who rates the shares "outperform."

That actually is fine with me, sort of, conditionally though. They should be responsible. Buy from the people who buy from us. Source goods from nations that are our foreign markets and who promotes fair trade. That means go ahead and pursue your global purchasing agreement, but do it from people that buy from us and that can benefit us the most through their purchases not their cheap supplies. That means no more China imports.

On a recorded message, Wal-Mart credited strong sales in Britain, Canada and Mexico, adding that currency benefits added only $1 million to international quarterly operating profit of $757 million.

That says it right there. Source from Mexico over China. The mass bulk of (imports) that Wal Mart sells should be from Mexico. They should contribute something to the markets they have the most to gain from, and that is definately not China.

[HighRoadToChina]

[Moonman62]

Perhaps they should do a cartoon about all the people who shop at Walmart and enjoy the low prices.

[maui_hawaii]

Perhaps they should do one about all the people with no jobs, and farmers with no markets, who in turn are forced to shop at Wal Mart and buy no name products to make ends meet.

[maui_hawaii]

You tell me exactly what Wal Mart has done for the small American businessman. Those small businesses certainly don't have their products on the shelves in Wal Mart, thats for sure.

[HighRoadToChina]

Perhaps, you should do one with all the US jobs lost to free slave labor in Communist China.

[Lake]

>>Those small businesses certainly don't have their products on the shelves in Wal Mart, thats for sure.

This happens to Wal Mart in China, too. So what? I shopped in one of the Wal Mart outlets in Shenzhen and it was pretty much like those in the States. Low prices, comparatively good quality, good service... It has not driven many Chinese retail chains out of business yet because the Chinese martket is huge, but evantually I believe it will.

[Sparta]

If I hire workers and pay them say a dollar a day, I could produce goods and help build my nation's economy. However, I have to compete with a company based in another country that uses slave labor camps and are reembursed by the government to produce goods to compete with me, answer this question: Which company would survive?

Also, is this and should this be considered "free trade"?

[HighRoadToChina]

You hit it on the head, my friend.