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Posteritatis

(18,807 posts)
36. The weirdly specific prices they have suggest smaller margins on stuff
Wed May 15, 2013, 05:18 AM
May 2013

You know how most stores will say something costs x.99 or x.49 or x.50 or whatnot, while there's lots of things at Walmarts that are x.02 or x.94 and so on? That they're doing that sort of thing implies that it's worth it for them to work out prices with that kind of absurd specificity, which starts making more sense when you're using colossal economies of scale to have the extra couple of pennies add up.

I wouldn't be surprised if their profit margins on a lot of items weren't terribly huge, considering their prices, but they sell such an overwhelming amount (and screw their staff so much) that they're doing more than okay despite that. The amount of goods Walmart moves is a bigger deal than how much any of them costs.

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You know, I'd be just fine with adding a couple of bucks, and make them here 1-Old-Man May 2013 #1
Good point! another_liberal May 2013 #4
Clothes shouldn't have to be loaded onto cargo ships to chug across the largest ocean on the planet. Spitfire of ATJ May 2013 #6
Exactly. another_liberal May 2013 #10
yes indeed cali May 2013 #15
the latter one is lying about workers, LOL. she means there isn't skilled labour at a cheap enough bettyellen May 2013 #16
yep cali May 2013 #17
That's what I was going to say too. another_liberal May 2013 #19
Yup. bettyellen May 2013 #21
I would do the same badtoworse May 2013 #43
K&R. pacalo May 2013 #2
Two percent . . . another_liberal May 2013 #3
Another side of this story is how much does Walmart pay WHEN CRABS ROAR May 2013 #5
You really think RudynJack May 2013 #7
Possibly, I'm always amazed at how inexpensive some items WHEN CRABS ROAR May 2013 #9
The weirdly specific prices they have suggest smaller margins on stuff Posteritatis May 2013 #36
Their profits suggest that's the case. another_liberal May 2013 #12
I agree RudynJack May 2013 #13
I'm not saying they do. another_liberal May 2013 #18
Yes nadinbrzezinski May 2013 #23
2$, LOL... try 25 - 40 dollars. I hate Walmart, but if you buy clothes there - their suppliers are bettyellen May 2013 #20
I can tell you don't shop at walmart much newmember May 2013 #31
On paper yes, but... Mr. X May 2013 #8
Yeah, I guess so. another_liberal May 2013 #11
the 25 cents is theoretical. It assumes the factory owners would spend it on upgrades and that this bettyellen May 2013 #24
They are already responsible. another_liberal May 2013 #25
the way I understand it, it would have the stores buying it responsible for paying for their bettyellen May 2013 #26
Make the clothing here . . . another_liberal May 2013 #27
that is so unrealistic, I just don't know how to respond... bettyellen May 2013 #28
When you, "don't know how to respond . . ." another_liberal May 2013 #29
I couldn't leave such a silly pipe dream out there unchallenged. Sorry. But we're global bettyellen May 2013 #30
Global marketplace, eh? another_liberal May 2013 #39
I'm a realist, but am curious to know HOW you think we will ever reduce thecompetition from imports? bettyellen May 2013 #41
It's pretty simple really. another_liberal May 2013 #45
um.... how'd that work out for our shoe industry? Oh wait- we no longer have one! bettyellen May 2013 #47
You can blame the Bain Capital types for that fail. another_liberal May 2013 #48
We don't fundamentally disagree about how workers should be treated, but it appears you care about bettyellen May 2013 #49
Want to learn something? another_liberal May 2013 #52
what bullshit. 1) they were decent jobs at one time. 2) factory work is not one step away HiPointDem May 2013 #32
your reply has nothing to do with the 21st century marketplace. bettyellen May 2013 #33
blahblahblah HiPointDem May 2013 #35
Well reasoned! You have convinced me..... bettyellen May 2013 #42
no, it's 8 cents without the markups. read the article. you're wrong about everything. HiPointDem May 2013 #38
Fuck that, let the kids suffer... Locut0s May 2013 #14
Oh com'on, you know how much that s in the aggregate? nadinbrzezinski May 2013 #22
Let's raise them $1.00 and re-open factories HERE SoCalDem May 2013 #34
One dollar? Revanchist May 2013 #37
25 cents is another game of Donkey Kong.... Junkdrawer May 2013 #40
No, it would subtract 25 cents from corporate profits. KamaAina May 2013 #44
EXACTLY. This is being spun as about consumers but it is CORPORATE PROFITS redqueen May 2013 #46
And totally analogous to the case of the Ford Pinto, where Ford Motor Company bullwinkle428 May 2013 #50
But, but, but... RC May 2013 #51
Latest Discussions»General Discussion»It would only add 25 cent...»Reply #36