Submitted by IncomeStatementGuy t3_1182v9l in dataisbeautiful
oby100 t1_j9gh3mr wrote
Reply to comment by MrMitchWeaver in [OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31) by IncomeStatementGuy
That’s how Walmart annihilated mom and pop shops. Low margin times massive scale still equals massive profits, but no small shop can possibly operate on such low margins.
The real tragedy is when a Walmart kills all the small stores, but then the location closes for not being profitable enough
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