Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LindyBill who wrote (86340)	11/15/2004 5:37:40 PM
From: LindyBill	Read Replies (1) of 793750

Always low prices blog - Mullins Textile Offer Rejected Reader Chaim Karczag sends along a story about Mullins, SC: Chaim's synopsis: This is the story of an old South textile town that approached Wal-Mart with a business deal. Wal-Mart reviewed the proposition and declined. Town leaders are predictably disappointed; Wal-Mart says that they couldn't justify it on the basis of their bottom line and their customers' needs. Former textile workers offered WM a chance to purchase shirts from an American made company, under a multi-year contract. They knew the shirts would cost more, but they were hoping that WM would invest in a "goodwill" benefit of keeping American manufacturing jobs. WM did not agree that a higher cost and consumer end-price was worth the goodwill: FLORENCE — Wal-Mart has refused a partnership with a closed textile mill that former workers hoped would restore jobs in Mullins.... the company was not interested in signing a multiyear deal to buy clothing from the Anvil Knitwear plant. Vice president Claire Watts indicated a five-year commitment was too long... Wal-Mart spent a lot of time looking at the proposal but found the deal would mean higher prices for customers, spokeswoman Karen Burk said Thursday... Supporters of the idea said Wal-Mart could create goodwill by the move. Wal-Mart has been in a courtroom battle with residents over its plans to locate a Supercenter in neighboring Florence County. The town and Anvil’s proposal to Wal-Mart executives said their research showed South Carolina Wal-Mart shoppers would pay more for a T-shirt made in America. A shirt manufactured at Anvil in Mullins would cost about 75 cents more than a shirt made outside the United States, according to the research. Wal-Mart “gave absolutely no credence to the validity of our ‘buy American’ research,” Florence attorney Marguerite Willis said. Wal-Mart spokeswoman Burk said the company regularly does business with domestic suppliers, but in this case, the company’s research indicated that customers would not be willing to pay more for products made in the United States. “While most of our customers would probably agree with this philosophically, they just aren’t willing to pay more for domestically made merchandise,” she said. Please pay attention to the bolded section

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next