Walton Doesn’t See Buying Power Advantage
June 23, 2004
S. Robson Walton, chairman of Wal-Mart, doesn’t believe the company’s buying power is as big a competitive advantage as others suggest. “We are no different from you when you are buying a car or an appliance,” he said. “There are limits on what a supplier can do for us on price.”
Recent News
Fashion Retailer Express Files for US Bankruptcy Protection
The retailer is expected to close almost 100 stores nationwide.
Nationwide Health Alert for E. Coli in Greater Omaha Ground Beef
There is no recall for this product. It should be thrown away or returned to point of purchase.
Delta Air Lines Increases Pay as Unionization Attempts Continue
Delta Air Lines is upping the pay for its nonunion workers, including flight attendants and ground staff, as it faces another unionization attempt.
TikTok Faces EU Ban and Fines Over TikTok Lite
European Union officials are considering hefty fines and the suspension of TikTok Lite due to concerns about its addictive features. TikTok Lite is a scaled-down version of TikTok that offers users cash rewards for engaging with the app.