The Invasion of Walmart

[Justloadit]

Instead of buying products, Wal-Mart de Argentina offers a "sale spot" to suppliers -- who bear the cost of unsold merchandise. "In the event the product sells," Scasserra explained, "the supplier gets paid, but if the product does not sell, then it was deemed never to be Wal-Mart's to begin with, and therefore the supplier bears the full adverse effect of the unsold stock... Wal-Mart does not take ownership of the goods until the product is sold." ..........

Wal-Mart also forces supplies to wait at least three months to get paid, ...........

"the suppliers are victims of constant pressure to lower the price of their products," .........

In the case of home appliances, Wal-Mart would force its suppliers to give the retainer discounted and free merchandise, "and it advertises 'unbeatable deals', with the cost of these deals being forcibly absorbed by their suppliers."
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So what is different about Pick & Pay, Checkers, Spar and others?

They do exactly the same, this is the reason I do not even want to consider dealing with them, unless it is COD

Finally, Scasserra recommended that the policy of allowing a merchant to force the producer to be responsible for unsold products should be banned. Wal-Mart should be obligated to purchase the goods up front, and be limited to 30 days credit.

I wish all my debtors did this, oh I forgot, I only have 2 debtors who pay me 30 days anyway, every one else is COD