Wal-Mart is the world’s largest
retailer with more than 4,300 stores in the United States and over 8,000
worldwide, with global sales topping $400 billion in 2009. Walton family owns
Wal-Mart, and they own more wealth than the bottom 40 percent of Americans.
Many research studies have thoroughly documented the negative impacts of Wal-Mart
on local economies. These studies have shown that in cities and towns
where Wal-Mart opened its stores the local stores went out of business and
unemployment rose. After a single
Wal-Mart opened in Chicago in September 2006, 82 of the 306 small businesses in the surrounding neighborhood
had gone out of business by March 2008.
The common customer thinks that he/she is getting a better price but that is
not necessarily true and definitely not in the long run. Why, you would ask.