In article , deadsenator@hotmail.com
says...
>
> It's part and parcel to any big store entering an area, really. Wally
> is just the most aggressive with the tactic of predatory pricing. I
> have read several stories of displaced businesses from Walmart, and
> short of doing several hours of research right now, this is probably the
> best link I have for you:
>
> http://en.wikipedia.org/wiki/Wal-Mart
>
And you are assuming that ONLY WalMart is the only entity that has ever
indulged in "predatory pricing"? I find this interesting. When I was
going to college in Huntington in the early 70's, I used to lease a
parking space on a lot that surrounded a gas station that had closed
several years previously. One evening when coming back to my car from
classes, the owner and I got to talking and he was telling me that his
family used to operate the station as a family owned business. He was
telling me that he would still have the station available if it hadn't
been for "predatory pricing". He explained that there used to be
several stations along the street that were privately owned and then
Standard Oil acquired a station on each side of the station and then
they started to drop the prices. They would do this until it got to the
point that they were forced out of business. He then told me that
Standard closed one of the stations and then moved to the next family
owned station and did the same thing until they had basically closed all
of the family owned stations in the area. Of course this was in the hey
day of the great robber barons but this "predatory pricing" tactic
"ain't" nothing new...John D. did it many years before Sam was ever
thought about...:-)
--
Robin
Charleston, WV |