At Charlie's favorite blog, Carpe Diem, Mark Perry looks at Wal-Mart's continued contribution to America's economic recovery with its Thanksgiving specials.
We looked at the Wal Mart Economic Stimulus Plan last week.
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Showing posts with label Wal Mart. Show all posts
Showing posts with label Wal Mart. Show all posts
Thursday, November 5, 2009
Thursday, October 29, 2009
The Wal-Mart Economic Stimulus Plan?
Mark Perry at Carpe Diem reports that Wal-Mart is doing its part to put America back to work, in spite of the government's best efforts.
1. In just a three-week period from October 7-27, Wal-Mart announced the opening of 22 new stores and expansions of existing stores that have added 5,340 new jobs to the local communities in 18 different states.Wal-Mart's relentless efforts to find efficiency in the supply chain, and the pressure its efforts put on other retail outlets, helped fuel America's economic boom in the 1990's. Now, it is leading the recovery through reinvestment and price cuts. Just like in the 90's, politicians will be happy to take credit for the economci growth provided by those greedy corporations they like to attack.
2. Wal-Mart recently announced Hundreds of Millions of Dollars in Price Reductions, with unprecedented savings each week this Holiday season.
3. Wal-Mart also recently announced that total capital spending for the fiscal year ending Jan. 2010, is projected to be between $12.5 to $13.1 billion, up from $11.5 billion in fiscal year 2009. Total capital spending for the fiscal year ending Jan. 2011 is projected to be $13.0 to $15.0 billion. Note: More than 50% of Wal-Mart's capital spending is for its U.S. operations.
Sunday, June 7, 2009
Blocking Wal-Mart is Killing People in Chicago
The politically motivated and utterly ridiculous campaign to keep Wal-Mart out of Chicago is keeping the low-priced retailer from filling a huge gap in the market- supermarkets in Chicago's poorest neighborhoods. Carpe Diem had been tracking the story:
So Wal-Mart wants to build a store on the south side of Chicago in a "food desert," probably including a food supermarket with healthy foods in an area underserved by supermarkets, which would create hundreds of jobs, and I'm guessing that Wal-Mart is willing to do this without any government subsidies from the Illinois Fresh Food Fund, and its efforts are blocked by the unions. But how many supermarkets and jobs are unions providing on the south side of Chicago in the "food desert"? I'm guessing none.
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