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Wal-Mart backlash growing

Posted By Barry Ritholtz On November 24, 2003 @ 3:00 am In Finance,Media | Comments Disabled

Several negative stories out recently on Wal-Mart [1]. We previously referenced the Fast Company article [2], which was extremely negative. This weekend saw the start of a 3 part L.A. Times article [3].

Could this be the start of a new trend?

The Wal-Mart You Don’t Know [2]
By Charles Fishman
Fast Company, December 2003

http://www.fastcompany.com/magazine/77/walmart.html

Essentially blames Wal-Mart for a massive exodus of jobs to China. While there’s some truth in the accusation, it is an all but inevitable consequence of ongoing globalization regardless . . . Still, makes for compelling reading — and a damning indictment of the occasinally heavyhanded (even clumsiness) out the retailing giant.

An Empire Built on Bargains Remakes the Working World [3]
By Abigail Goldman and Nancy Cleeland, Times Staff Writers
Los Angeles Times, November 23, 2003

http://www.latimes.com/business/la-fi-walmart23nov23,1,2729555.story?coll=la-headlines-business

Not surprisingly, WMT is not a union shop. Part I of this series looks at the impact Wal Mart has as “the third party now that comes to every bargaining situation” — even for the California supermarkets now in their 7th week of work stoppage. Why? Fear of Walmart!


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URL to article: http://www.ritholtz.com/blog/2003/11/wal-mart-backlash-growing/

URLs in this post:

[1] Wal-Mart: http://www.walmart.com/

[2] Fast Company article: http://www.fastcompany.com/magazine/77/walmart.html

[3] 3 part L.A. Times article: http://www.latimes.com/business/la-fi-walmart23nov23,1,2729555.story?coll=la-headlines-business

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