Balance - New England

A blog devoted, in part, to pointing out pieces of truth, injustice and those little-known stories that don't necessarily make the headlines, but demand our attention nevertheless.

Wednesday, April 14, 2004

NOT shopping at Wal-Mart

You've decided you don't want to shop at Wal-Mart anymore as a way to "vote with your wallet." You'd prefer to spend your money elsewhere. But where do you shop for those essentials Wal-Mart sells at a price you can afford?

I've got two suggestions: Costco and BJ's Wholesale.

Both companies sell the essentials you need at low prices. And, unlike Wal-Mart, provide better wages, twice as many of their employees (vs. Wal-Mart's) are covered under their company health insurance plans and they allow their workers to share in the profits of the company.



Click HERE to locate a Costco store near you.



Or, click HERE to locate a BJ's Wholesale club near you.

James Goldsborough of the San Diego Union-Tribute wrote an article about the recent defeat of Wal-Mart in Inglewood, California. He provides us with some insight as to why the Inglewood win over Wal-Mart is so important and how it has implications for Wal-Mart (and all the other bullying companies that exploit everyone they can to "make a buck") across the country.

Click HERE to read Goldsborough's article.

Here's an excerpt:

"Last month, The Wall Street Journal compared Wal-Mart with Costco, another large retailer and grocer. It pointed out that Costco, in contrast to Wal-Mart, "is held up as a retailer that does it right, paying well and offering generous benefits" to employees.

Costco draws criticism from Wall Street for sharing its success with its employees, reported the Journal. "Public companies need to care for shareholders first," said a Wall Street analyst critical of Costco, noting that Costco stock traded at only 20 times earnings compared with Wal-Mart's 24 times. "Costco runs its business like it is a private company," sniffed this critic.

To that, Costco President and CEO Jim Sinegal replied, "I happen to believe that in order to reward the shareholder in the long term, you have to please your customers and workers."

The Wall Street critic, like so many in corporate America today, just doesn't "get it."