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Posts Tagged ‘capitalism’

THIS JUST IN: Goldman Sachs Thinks Walmart’s Reign Is Coming To An End

THIS JUST IN 2When the humble folks who run Walmart in Bentonville, Arkansas (and NOT the equally famous “People of Walmart“) read the story that inspired this headline, they almost certainly voiced expletives and other things we can’t write in this post because Mediabistro insists that this is a family show.

According to this article from HuffPo, a research note published by Goldman Sachs analysts predicted the slow but certain demise of big chain box stores like Walmart and Target — and slapped the companies’ stock prices around a bit in the process.

Now, it’s going to take much more than that topple that king of the discount mountain.

The article, however, did pull out some plastic guns to blow holes in that argument…

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Walmart’s Next Victim Is Organic Food, and You Can’t Blame Them

walmart organic

Wait, what?

Hey, when you’re Godzilla, you try to step on everything else, crush it, and keep on moving. Why? Because you can.

Meet Walmart. You may have seen a store or two around your neck of the woods. And for the world’s largest company, the one thing you have to give them is they never stop trying to add new cards in the spokes of its ginormous wheel. So, what in the world could it possibly add to its current global domination?

Organic food. I know, right?  Read more

Apple’s ‘Made in USA’ Plan: Good PR, Bad Strategy or Both?

Tim Cook and Brian WilliamsApple CEO Tim Cook made the media rounds this morning to hype a major announcement: For the first time in well over a decade, Apple will be manufacturing a certain number of its products within the United States.

As cynics, we see this move as a blatant attempt to counter all the bad PR that Apple received over the Foxconn outsourcing/slave labor/suicide scandal (though we would note that this awful story didn’t really prevent anyone, least of all ourselves, from buying Apple products).

The fact that late CEO Steve Jobs supposedly denied a request for more domestic production from none other than President Obama strengthens this theory. As much as we’ve accepted outsourcing as a part of the modern business landscape, everyone loves to hear about good new jobs for Americans. So this is great PR, right?

Maybe–but investors hated it, and we have a feeling certain Apple advisers did too.

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