Business Services Industry
In Wal-Mart's wake - By the Numbers - Brief Article
Chief Executive, The, Jan-Feb, 2004
WAL-MART a boon for local economies? Not a chance, say critics like Al Norman, anti-sprawl activist and author of Slam-Dunking Wal-Mart. "Bringing a Wal-Mart to your town is supposed to be a shot in the arm," he says. "Instead it's a shot in the head." Recent studies say the retail giant's colossal growth comes at the expense of existing stores.
[GRAPHIC OMITTED]
Hello Wal-Mart, Goodbye Mom & Pop Average loss of sales per grocery store after Wal-Mart year 1 -10% 2 -13% 3 -8% 4 -13% 5 -17% *For Mississippi counties with populations under 100,000 Source: *Economic impact of Wal-Mart Supercenters on Existing Businesses in mississippi, * Stone, Artz and Myles, 2002 Note: Table made from bar graph.
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