this post was submitted on 20 Aug 2024
613 points (97.2% liked)
Greentext
4604 readers
338 users here now
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
- Anon is often crazy.
- Anon is often depressed.
- Anon frequently shares thoughts that are immature, offensive, or incomprehensible.
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not saying that this isn't true, but how does that work more than once? Wouldn't any manufacturer quit working with them after this happened once? Isn't the agreed price for a bulk order set down in writing before the manufacturing starts?
Have you got a source for this?
Walmart's literal trainings when you work for them reference this by a different name. They call it "everyday low cost" and say that when they "get a volume discount from a supplier" they can "roll back prices" and they offer scenarios in which this happens which are identical to the process timeworntraveler is accurately describing. I worked there 5 years in many different positions around the store and made sure to learn everything I could and I can indeed confirm this is how Walmart works. It's actually a really easy to understand business model. For all its flaws and despite being quite dated the documentary "The High Cost of Low Price" https://www.bravenewfilms.org/walmartmovie from all the way back in 2005 is still a good explainer of how Walmart became so dominant as to be able to completely set prices for all aspects of its suppliers and often its labor market. I personally witnessed everyone on my team get a $3 raise overnight when Fred Meyer threatened to poach some of our employees as scab labor to fight their union which was on strike. Now I am a union worker set to make a couple bucks more an hour than I did at Walmart but they always try to keep it competitive.
I saw a documentary that talked about how they did this to Rubbermaid once. I don't have a link but that might be a good starting point for research.
Once.
Yes, I watched the documentary one time. Not sure why that needs to be highlighted.
I thought you meant they did it Rubbermaid once. As in Rubbermaid didn't let them do that again.
As in, "once, because it basically bankrupted Rubbermaid".
They played those games with everyone, like Clorox, book and magazine companies, General Mills, etc. But most towns have a Walmart and don't have a lot of other options, so if you want sales you play ball with the Waltons :(
From the sound of things in that documentary Rubbermaid got bent over on that deal and was almost bankrupted by it so I imagine it's been an ongoing thing.