OT: Walmart

[Walkthedawg]

I don't understand how Dollar General stays in business. I live in area with a populatuon of probably 30,000 people and there atleast 12 DG stores within 20-25 minutes of my house. Inventory management at most of them seems non-existent. There are more products in boxes on the floor and on carts there on the shelves. Nobody at the checkout counter - you have to squeeze and squeak a rubber chicken dog toy to get someone to come check you out.

They don't own the retail locations. They usually lease. If a location underperforms.. they can yank up shop and shut the doors with little issue. That is part of what doomed Fred's. They were rooted in their locations.

And the stores, in rural areas, are usually between a section of population and larger box stores where they don't exactly blow the doors off of customer service either. And you can usually get away with poor service if the price is right on items.

Basically Dollar General runs on a modified foreign born convenience store owner model. Except dollar general doesn't pack up the store in the early morning hour and leave a large tax and fuel supplier bill unpaid when they vanish.

 

[jethreauxdawg]

Hell, that business model seems to work. Dollar General with that business model did run Freds Dollar store out of business. Maybe Walmart should look at it.

No, Michael Bloom killed Fred’s and Family Dollar. He’s the kliff kingsburry of CEO’s.

 

[leeinator]

slight thread hijack. Why did the Walmart in Starkville feel like it was 100 miles away from campus? I swear to god when I drove there I felt like I lost an entire day

The part he left out was the item he failed to scan was an 85 inch Samsung. Oops.

120 now I wonder where it was 30 years ago. I am guessing even with the drop you would have made some money. My wife inherited 250K six years ago. She asked me what she should do to invest it. I did not want to tell her because if it went south, I would feel guilty. I started to tell her to buy silver. I wish I had now. It would Probably be worth three times that. It has been in CD's earning 3% to 6%. I now feel guilty for not telling her. To her credit she has not spent it.

I bought about 200 ounces of silver over 20 years ago for about $9-10 an ounce. They were American Eagle coins. Still have them in my bank vault box. Should I sell them or just hang on to them a little longer? I really don't know much about precious metals and just bought them cause a few of my friends got some.

 

[GloryDawg]

I bought about 200 ounces of silver over 20 years ago for about $9-10 an ounce. They were American Eagle coins. Still have them in my bank vault box. Should I sell them or just hang on to them a little longer? I really don't know much about precious metals and just bought them cause a few of my friends got some.

I don't know. It has dropped from it 103.00 per ounce.

 

[RocketDawg]

I don't fully get the business model in bigger places, but they definitely provide a needed service for small communities that are now completely ignored by literally every other big retail name in the country.

Last time I looked, there were something like 14 Walmarts here. The Walmart I go to occasionally is only a couple miles away. They really suffered during Covid, and I've been there maybe 4 or 5 times since then. There are only 4 Targets but another one is being built. Can't remember the last time I went to Target.