An Anectode That Speaks Volumes: Dollar Store Puts My Local Hallmark Store Out of Biz

Discussion in 'Economics' started by ByLoSellHi, Jul 8, 2009.

  1. Mercor

    Mercor

    Aldi and Walmart, non-union employees. They are crushing the grocery workers unions.

    The unions are pushing local goverments to use zoning laws to limit non-union growth.
     
    #21     Jul 9, 2009
  2. clacy

    clacy

    That's a good thing. I'm not sure in 2009, that we need 50 year olds making $40k + beny's for sacking groceries.
     
    #22     Jul 9, 2009
  3. aegis

    aegis

    Actually, I believe Aldi pays their workers better than most other stores. Cashiers make $12/hr and don't have to stand or bag groceries.
     
    #23     Jul 9, 2009
  4. Woo Hoo! $24,000 per year.

    That's probably way better than the $14,000 per year Wal-Mart cashiers get (for full time work).

    Can anyone really live on that?
     
    #24     Jul 9, 2009
  5. Remind me to throw up. Good thing I like my raw meat red..

    If you want to save even more money, don't eat meat! I eat vegetables like peas.
     
    #25     Jul 9, 2009
  6. Good for the Aldi brothers...

    :cool:

    ALDI (help·info), short for "ALbrecht DIscount", is a discount supermarket chain based in Germany. The chain is made up of two separate groups, ALDI Nord (North - operating as ALDI MARKT) and ALDI Süd (South - operating as ALDI SÜD), which operate independently from each other within specific market boundaries. The individual groups were originally owned and managed by brothers Karl Albrecht and Theo Albrecht; both have since retired. However, they are still Germany's richest men,[2] earning an estimated €1.5 billion per year.

    [3] Aldi's German operations currently consist of Aldi Nord's 35 individual regional companies with about 2,500 stores in Northern and Eastern Germany, and Aldi Süd's 31 regional companies with 1,600 stores in Western and Southern Germany. Internationally, Aldi Nord operates in Denmark, France, the Benelux countries, the Iberian peninsula and Poland, while Aldi Süd operates in countries including the United States, Ireland, the United Kingdom, Hungary, Greece, Switzerland, Austria, Slovenia (operating as Hofer in Austria and Slovenia) and Australia. According to a survey conducted in 2002 by the German market research institute Forsa, 95% of blue-collar workers, 88% of white-collar workers, 84% of public servants and 80% of self-employed Germans shop at Aldi.[3] Aldi's main competitor, nationally and internationally, is Lidl.
     
    #26     Jul 9, 2009
  7. One of Aldi's specialties is to own most of the land and properties they operate on/in. They hate leasing, they shun debt. Supposedly, everything is financed out of cash flow, they use little to no borrowed money if ever.

    The land value alone of the properties they have amassed across Europe over the last 50 years must be gigantic. Much of it was likely bought up at rock bottom prices in average to decent (though not grade A downtown, that's not their target audience) urban locales during the 70s and 80s.
     
    #27     Jul 9, 2009
  8. There is a Hallmark store (over 20 years) in our area and a Dollar store (a few years). The type of people who go into the Dollar Store would never go into the Hallmark store. IF your local Hallmark store is going out of business, it is because the people in your area have been replaced by a bunch of cheap bums.
     
    #28     Jul 9, 2009
  9. Johno

    Johno

    Beans do it for me, on the up side I never get crowded out when I go for a coffee, but unfortunately not so popular in church these days!

    Regards

    Johno
     
    #29     Jul 9, 2009
  10. Haven't you gotten the memo. It's okay to be cheap these days. You can ask for discounts and use coupons without shame. I have personally switched to store brand foods.
     
    #30     Jul 9, 2009