Walmart? Nein, Danke!
By 2006, Walmart had to sell all its German acquisitions and beat a quiet retreat, abandoning Germany's lucrative $370 billion retail market. Primarily, the reason for Germany’s rejection of cheap retail products
lay—and continues to lie—in the importance Germans place on quality
over throwaway quantity.
“Bulk-packaging of compromised quality succeeds
wherever money has to be stretched to feed families,” says Denecke, who
has worked in the US and India. He also calls attention to Walmart’s
anti-union policies and its tendency to ensure cheap prices at the
expense of workers’ wages, which ran afoul of Germany’s stringent
minimum wage and labour laws.
Outlook: Walmart? Nein, Danke!
2 comments:
In other words, you are saying that Walmart LOST in the marketplace in Germany to German producers. So does this mean that the people who argue against Walmart in India are saying that Indians are inferior and cannot compete like the German people and so they want legislation to ban Walmart?
So your argument is that the people of Germany are superior and can compete against Walmart while the people of India are inferior and cannot compete against Walmart?
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