No more Wal Marts , in the 48 states.

The top 300 wage earners and share holders just up and say
" We have all the money that we and our great grand kids will ever need"

See ya, have a good day.

What would happen ?
To the economy, to the customers, to the government ,
?
Would it affect law enforcement somehow?

The monetary system, locally ? Statewide?

Would politicians get involved?

quote:

Originally posted by bendable:
No more Wal Marts , in the 48 states.

So they'd still be open in two states? Which two?

The general public holds a 21% stake in Walmart.
Institutional investors hold about 30% of Walmart's total shares outstanding,

I think other retailers would fill the gap in whatever way they could make it work for them for any market openings remaining unanswered by Walmart closing. You might not be able to get duct tape, ammunition, diapers, groceries, band aids, milk, sardines, a car battery, and beer under the same roof in one visit, but we would all get by just fine. Come to think about it, if you had executive, ownership, or P&L responsibility with Walmart, I'd think you might want a break for a while and go fishing or something.

Things to consider:

1) Walmart is an international company. So even if all their US stores closed, they'd still be a decently large company with 10,500 stores open in 24 other countries.

2) For better or worse, in thousands of small towns throughout the US, Walmart represents the only option for grocery shopping. So if they were to close up suddenly, many hundreds of thousands or millions of people would be left without easy access to groceries and other household essentials, at least until another retailer could eventually step in to fill the gap.

3) Walmart is the largest nongovernmental employer in the world, employing about 1.7 million workers in the US and another 600k in other countries. So if they completely closed up shop overnight, that's almost two million unemployed US workers right there. From there, there are many millions of other US workers in other related companies (thousands of manufacturers, suppliers, logistics, etc.) that rely on Walmart for their business who would also be out of work. Imagine the ripple effects in the US economy of tens of millions of workers instantly becoming unemployed.

10-15 years ago, a study showed that Walmart lowered the average cost of living for most folks by 3%. Not sure if that is still true or accurate but I'd say it would simply add that 3% back. Along with the increased demand on other companies to pick up the slack.

What Rogue said.

It would be far more impactful on Walmart's customers than any other stakeholder. Nature abhors a vacuum, very soon some entity or entities will fill the gap. The traditional "neighborhood market" in many communities might reap the most benefit, at least for a short time. In other communities, it'll be the 7-11's.

But this is all mental masturbation, it's not going to happen.

If they all closed?

Probably put around 7 Cashiers out of work.
.

quote:

Originally posted by OttoSig:
10-15 years ago, a study showed that Walmart lowered the average cost of living for most folks by 3%. Not sure if that is still true or accurate but I'd say it would simply add that 3% back. Along with the increased demand on other companies to pick up the slack.

Easily true in my state.

quote:

Originally posted by OKCGene:
If they all closed?

Probably put around 7 Cashiers out of work.

Yeah, seven.

quote:

Originally posted by bendable:


What would happen ?

After a bit of turmoil, we'd get back to where we were about 30-40 years ago, before that cursed outfit ran mom&pop stores out of business in small towns across America.

In other words, we'd be a hell of a lot better off.

What would become of all the chinese made junk? What of all the Winchester white box ?

No, another big operator would fill the gap. There would be a lot of empty big box locations, a lot of manufacturering capacity, a lot of potential employees, and a lot of customers looking to buy stuff. Someone would pull them together.

quote:

Originally posted by Gustofer:

quote:

Originally posted by bendable:


What would happen ?

After a bit of turmoil, we'd get back to where we were about 30-40 years ago, before that cursed outfit ran mom&pop stores out of business in small towns across America.

In other words, we'd be a hell of a lot better off.

This message has been edited. Last edited by: BBMW,

Meijers would be busy....

Target and Amazon would be happy.

About 10 years ago it was said that one of every seven dollars in US economic activity went through Walmart in some fashion. That would be a huge cluster for a while if they vanished.

Other retailers would be very crowded and dollar stores in rural areas would be cleaned out, but it wouldn't be an apocalypse.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by bendable:
No more Wal Marts , in the 48 states.

So they'd still be open in two states? Which two?

Idaho and New Mexico, of course.

There would be thousands of business opening back up such as Pharmacies, sporting goods hardware clothing shops, etc. The vacuum would be huge and filled rather quickly. My Walmart is actually filled with lots of local residents that are pleasant vs many I have been into across the country, that employ some people that clearly hate their job.

My DG stock would skyrocket and I'll wish I had more.