Watch the Growth of Wal-Mart and Sam's Club
Click on the map.
From one store in 1962 to 4,393 stores in 2010.CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Thursday, April 08, 2010
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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10 Comments:
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that is a disgusting comment. weirdo
Hey John, are you some sort of silly Obama supporter?
Obama apparently hates free enterprise so I guess you do to if your comment is anything to go by...
Anyway whats amazing is how many stores Wal-Mart/Sam's Clubs opened up during the 2009 - 2010 time frame even though other businesses weren't doing near as good...
And today's WSJ reports on how Wal-Mart -- the greedy SOBs -- are engaging in another round of price cuts which will save consumers money:
http://online.wsj.com/article/SB10001424052702304198004575172271682347064.html
John, take your meds, please. Wal-Mart has done more to benefit the poor than any other organization, including the US government: people have confirmed this by voting with their dollars.
Thats pretty neat when you put Walmart's growth into prospective like they did. Love the blog Professor, always making me think.
Despite the wailings of many what Wal-Mart did in small towns is drive out the merchants who relied on distance to allow them to take it easy. However I think there is another force that forces this worse, its the UPS and Amazon and the like (Even Wal-Mart sells on the web). They further diminish the ability of a small town merchant to charge more and deliver less than in the old days. I suspect that if you went back to when the first big Sears Catalog came out in 1894 there were folks wailing about it killing small town merchants as well (Railway Express was the UPS of those days btw). The death of the downtown is only a loss for the merchants who could not compete, not for the rest of the people.
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I see that satire is lost on many of the responders.
@Anonymous: Anonymous trolling & name calling on the interwebs makes you alpha male.
@juandos: Yes, POTUS is the source of all your problems -- not indicatively poor grammar, or that you choose to identify yourself to the public as a handgun. Let's blame [insert name here that isn't self].
@Orlin: 54-63% of Americans vote by visiting their local polling station. Not by making irrational decisions about purchasing "Paul Blart: Mall Cop" on DVD.
@Colin: This is news? Similar to Dell, Wal-Mart competes on (and advertises their) price. They develop price advantages by their size (demanding lower prices from suppliers) and continuous efficiency (inventory, distribution, production). That is their business model. Apple Computer, Whole Foods, IBM, Microsoft, etc choose to compete differently, and are also wildly successful.
@Lyle: Concur, actually, on all points.
Wal-Mart has received over $1 billion in government subsidies (source), so we can't act as though it is a purely free market endeavor.
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