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Walmart Business Model Crashing and the False Claims of Foreign Direct Investment

Kiln     Walmart may be the largest company in the United States in terms of gross sales, but mounting evidence indicates that its business model is collapsing.  The company seems in a near state of panic as return on investment dips and quarterly returns drag consecutively lower.  In a bitter irony the very inequality ravaging the [...]

Walmart Losing Streak Continues, Anti-Union Store Closing Illegal in Canada

New Orleans     There can’t be much joy these days in Bentonville, Arkansas, home of Walmart and its buddies.  The litany of woes just keeps piling up.  Five consecutive quarters of reduced financial returns has to lead the list.  In the land of the 1% you can just about get away with murder if you’re making [...]

Handing Walmart a Big Whooping Defeat in India

Yangon   Walmart with tail tucked firmly between their legs announced that they are unraveling their partnership with India’s giant Bharti conglomerate, acknowledging finally that this marriage of convenience while trying to enter the burgeoning India retail market and sneak around foreign direct investment requirements was finally coming to an end.  The India FDI Watch [...]

Indian States are Putting More Roadblocks in front of Walmart Expansion

New Orleans   Two reports yesterday from Dharmendra Kumar, director of the India FDI Watch Campaign affiliated with ACORN International, point out how far the superstore giants like Walmart, Carrefour, Tesco, and Metro really are from being able to freely enter markets throughout India.  This is largely a story that the global business press is missing [...]

Walmart, the Environmental Criminal, Too

San Pedro Sula  Walmart was very good some years ago at trying to split progressive ranks by pretending to care deeply about its environmental footprint even as it rough handled its workforce by underpaying women, busted unions, and settled millions of dollars for practicing wage theft.  They were going to listen supposedly.   They were going [...]

Tesco, Once the Walmart Killer, Limps out of USA

 

Little Rock  It was only a bit more than 6 years ago when grocery unions feared that Tesco, the giant United Kingdom grocery conglomerate, might have found the secret sauce in both beating unions and Walmart although with labor’s West Coast containment strategies as they entered Los Angeles with what seemed a nearly unbeatable small [...]