Saturday, October 19, 2013

Wal-Mart Haters Take Note Because There Is Hope For The Future

The beginning of this Foolishness...Or Is It? is not about Wal-Mart but it is about the precursor to Wal-Mart the Great Atlantic & Pacific Tea Company (A&P)...

  • A federal judge in Woodrow Wilson's day deemed A&P a "monopolist".
  • A prosecutor in Franklin Roosevelt's administration called A&P a "giant blood sucker".
  • Another federal judge, during Harry Truman's presidency, convicted A&P of violating antitrust law.
  • The federal government investigated A&P almost continuously for a quarter of a century.
  • More than half the states tried to tax A&P out of business.

Yes, for its marketing strategy of Selling Groceries Cheaply, A&P has paid a very heavy price.

Today, long after its birth near the docks of lower Manhattan, the Great A&P is reaching the end. It has filed for Chapter 11 and is seeking a buyer but no one is stepping up to buy it.

A&P once was once the most controversial company in the country and the center of a struggle over the very nature of American Capitalism.

Since you are reading this on a Word Processor, rewrite the above sentence and Word Process it into... “Wal-Mart is the most controversial company in the country and is the center of a struggle over the very nature of American Capitalism”.

The Smartfella enjoys Wal-Mart. He enjoys walking around a Wal-Mart amongst all the people who are glad that Wal-Mart is there for them to save money. They need to Buy for Less because they don’t make a lot of money while the people who are engaged in their never ending attack on Wal-Mart enjoy walking around those other more expensive stores and Buying for More.

All of you Wal-Mart Haters now have reason to cheer because A&P is about done for...

  • The good news for you is Wal-Mart is very likely going to follow A&P into bankruptcy some day.
  • The bad news for you is A&P started in 1849.
  • The other bad news for you is Wal-Mart started in 1962.
  • The other other bad news is Wal-Mart has only been around 51 years and, based on the A&P Longevity Model, it will be another 113 years before y’all will be able to say this about Wal-Mart, “See, I told you it was going to go out of business”.

Would I kid u?

Smartfella

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