Walmart’s Cheap Prices destroying Smaller companies

My father told me something about 5 years ago when he heard the news that Walmart was coming to a local town. He lives in a rural community who up to that point did not have a Walmart. At the time there where several dozen grocery stores and small convenience stores. In those short 5 years since Walmart opened it’s doors the number of grocery stores and small convenience stores have literally been wiped out. There are many many buildings that are now empty. But if you drive by Walmart the parking lot is full. Sam Walton has built and empire but his business techniques will end up being the demise of small companies. The big corporate machines roll in and using there buying power to destroy what has survived for countless years.

Anyway his comment was “there goes the neighborhood” and I thought it strange at the time. My wife made a comment to me. Besides the change in scenery from 1 section of the country to the other she is disappointed that there is not much variety when it comes to shopping. What she uses as a baseline is Japan as you travel from town to town each is unique and has unique small business each etching out there own niche. Traveling through these Japanese towns makes it interesting because for the most part small business’s still thrive in Japan and they add to a communities culture. So in a weird sort of way Walmart and all of the other big chains are adding to the demise of the American culture. So I guess my dad was right when he said “there goes the neighborhood”. [Fast Company]

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Todd Cochrane is the Founder of Geek News Central and host of the Geek News Central Podcast. He is a Podcast Hall of Fame Inductee and was one of the very first podcasters in 2004. He wrote the first book on podcasting, and did many of the early Podcast Advertising deals in the podcasting space. He does two other podcasts in addition to Geek News Central. The New Media Show and Podcast Legends.

5 thoughts on “Walmart’s Cheap Prices destroying Smaller companies

  1. Some good news!

    Central Point, Oregon near where I live just voted down one of the super wal-marts that I mentioned in a earlier post. They cited that small businesses provided everything that wal-mart was offering.

    Who knows how long the community can keep them out, but I’m glad they are trying. At the very least they can negotiate the best deal they can for their area.

  2. Walmart sux! down with walmart! they close all buisnesses! i dont like them! but their prices are cheap! down with fat people!

  3. I agree completely. Where I live it has even gone a step worse. Over the last 6 years Wal-Mart has built 3 stores in my area and has indeed put a end to many small businesses. But now they(wal-mart) are planning on building 2 super-wal-marts that include grocery and some home improvment sections. Instead of adding on to their existing buildings they are building 2 completely new stores and going to leave their 3 old stores empty after just 6 years. Being a area of under 100,000 pop. I’m guessing it will be years before any businesses are sucessful in their old buildings.

    Wal-Mart is the Evil!


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