WAL-MART
In 1988 Wal-Mart established itself as the undisputed retailing giant with the opening of its first Supercenter in Washington, Missouri. The new breed of discounts stores guarantee the lowest merchandise prices. In the latest tally released by Wal-Mart, they have 2,737 Supercenters in the United States. This fast growing branch of the business is aiming for other areas, one of which is Bronx, New York.
A survey of residents in Bronx, New York in 2006 showed that 64 agree with a Wal-Mart Supercenter opening in their area, while 27 do not approve (Fernandez). The protesters, mostly small business owners and workers of 1,500 or so residents, fear that the mega-retailer will put an end to many of their businesses. In an interview with Patrick Purcell, the director of the protesters, he said, just because Bronx is trying to develop itself economically does not mean that it needs any job. It needs good jobs. It needs responsible employers. (Fernandez 2006).
While there is some apprehension of Wal-Mart coming to Bronx, in reality this move might be more beneficial to the area. Bronx has the highest unemployment rate and is the poorest Congressional district (Fernandez 2006). Wal-Mart Supercenter will be coming in with about 300 jobs and average tax revenue of over 5M (Fernandez 2006). These points might be too difficult to resist in the long run.
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