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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (505446)	12/7/2003 4:03:45 PM
From: Ish	Respond to of 769670

<<If Walmart holds their market share or even increases it for much longer, I believe this is evidence that there is something terrible wrong in the retail market.>> Remember when K Mart was going to rule the world?

To: DMaA who wrote (505446)	12/7/2003 4:14:00 PM
From: JBTFD	Read Replies (1) \| Respond to of 769670

"Walmart has grabbed a dominant or near-dominant position in key sectors of the retail market: It sells 19% of all grocery-store food in the United States, making it the largest food seller. It plans to double grocery and related sales from $82 billion to $165 billion during the next five years, which would give it command of 35% of the market. It plans to open 40 supercenters in California over the next five years, which is a major cause for the grocery strike in southern California. Managements at the three major grocery stores in southern California, where 70,000 United Food and Commercial Workers (UCFW) workers are striking, have said they are trying to renegotiate lower employer contributions to health-care benefits, because they fear that Wal-Mart plans to saturate southern California with stores, and they will be unable to compete. It handles 16% of all pharmacy-drug sales in the United States, and plans to increase that share to 25% by 2008, which would make it the largest pharmacy in America. It controls 30% of the U.S. household staples market—paper towels, toothpaste, shampoo—and analysts predict that it will increase that share to 50% before decade's end. It is Hollywood's biggest outlet, selling 15-20% of all CDs, videos, and DVDs in the United States. It sells 15% of all single-copy news publications. Reciprocally, Wal-Mart controls a large and increasing share of the business done by almost every major consumer-products company: 28.3% of Dial's (soap products); 24% of Del Monte Foods'; 23% of Clorox's (bleaches and cleaners); and 23% of Revlon's (cosmetics). It controls one-fifth or more of the business done by Proctor & Gamble (household products and soaps); Levi Strauss (jeans and clothing); and Newell Rubbermaid (household consumer rubber products). That is, Wal-Mart is all of these firms' biggest outlet, by a wide margin. " from: larouchepub.com