Mom and Pop Shop Going Out of Buisness

Topics: Lowe's, Dow Jones Industrial Average, Wal-Mart Pages: 2 (738 words) Published: June 16, 2013
Attention Walmart shoppers, are large corporations, such as Walmart and Home Depot, driving mom-and-pop shops out of business? Does going to your local market not have the warmth and convenience that it used to have, where all the employees know you by name and are extremely friendly with you?

Walmart has various amounts if items that our small local stores do not have and they even price match. Although Wal-Mart has been criticized for low wages and running other businesses out of business they still remain on top. (Wal-Mart Market Analysis 2010) Wal-Mart is a very powerful company due to its low pricing and high volume. Although Wal-Mart has actually kept quite a number of small towns from becoming practically extinct by offering low prices and saving literally billions of dollars for the people who live there, as well as creating hundreds of thousands of jobs in the stores, Carroll and Buchholtz (2009) stated that Wal-Mart has also created a negative impact on the local economy and the quality of life of the people.

In Kinder Louisiana, where one-third of the downtown stores closed and 10% of the total revenue for the city was lost. Carroll and Buchholtz (2009) noted that the local merchants practically suffer upon the arrival of Wal-Mart in the communities; similar situation happened in many other towns such as Boulder Colorado, New England etc. Another criticism is that Wal-Mart makes it very difficult for smaller businesses to earn profit. This factor eliminates the chance for small businesses to compete fairly. Small businesses bring revenue, jobs, and the pride of ownership to the local communities. You can also order things offline from Walmart stores, so that is a huge convenience for people with disabilities, and anxiety. If your local Walmart does not have something in stock that you need, they can even order it for you with next day delivery. Walmart is one of the very few stores that I know of where you can go shopping for groceries,...

References: Carroll and Buchholtz (2009),
(NYSE: HD [2])
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(Wal-Mart Market Analysis 2010)
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