Like Wahlmart or not , I’ts an example of Capitalism at its finest. But Capitalism has never been pushed to its limits like Wahlmart is pushing. It started out like any other small business starts out, to make $$$. In order to stay profitable (in most business’) you must grow, expand your product line,etc. I don’t think 20 years ago anyone could have imagined what Wahlmart has become today….. I’m rambling !! It’s how they do business with there vendors that gets me: Example–Lets say you’ve got a small business manufacturing fishing lures. Wahlmart says the want to test them in a few locations, so they order 50,000 @ $3.00 each and need them in 2 months. Your happy as heck. A few months later Wahlmart calls back and asks for 2,000,000 @$2.50 each in 3 months. You tell them you don’t have the equipment or manpower to produce them that fast. They tell you to make it happen and they will order more next time. So you go out and get a few loans, putting your house and everything else you own on the line, hire 8-10 more people and think life is wonderful. You make the deadline with Wahlmart and everyone is happy Business is booming! Then they tell you they want 25,000,000 by NOON ON FRIDAY AND THEY’RE ONLY PAYING $.50 EACH. AND IF THEY DONT GET IT THEY ARE DONE DOING BUSINESS WITH YOU..There’s no way possible for that to happen-you cant even make them for that amount of money. So you tell then NO. Then you remember all your loans you took out to accomedate Wahlmart, everything you own is on the line, not to mention your employees. Now your in bankrupcy and S.O.L.
Your employees are now unemployed. This has happend many times with Wahlmart… Look what they did to LEVI’s a couple years ago.
The first time I was in Wahlmart I was greeted by an elderly gentlemen, “That’s nice, the hire retirees for greeters” I thought. Then I find they take out LIFE INSURANCE POLICIES on “some” employees …
I try to avoid Wahlmart as much as possible, even though they saved my when I blew a tire on the trailer around 9:30pm on a Saturday evening and they had the replacement IN STOCK.