Friday, November 28, 2008

Wal-Mart Thrives On Bad Economy

It's Black Friday, and, as usual, people rushed to Wal-mart since the early morning to grab bargains on Black Friday sale. It's really amazing to see the crowd at Wal-mart. To the contrary, other stores are seeing few customers.

Wal-mart may be providing local people with el cheapo goods, but it doesn't do any good for local businesses who suffer a lot from the bad economy. Well, there's not much legal protection for small local retailers against big-box stores.

Of course, who wouldn't like buying stuffs at a bargain price? Holiday shopping season is just beginning and it's all about sales. People would expect nearly every store to have a holiday sale. But we are in the midst of credit crunch and both consumers and small businesses are low in cash and have hard time getting loans. In this crisis, only those with deep pockets will do well. It is a pity to see local bussinesses hurt in this bad economy while Wal-mart thrives.


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