When you spend $100 at the chain Borders Books & Music, your purchase creates only $13 worth of local economic activity. That same $100 spent at locally owned book or record store generates $45, or more than three times as much local economic activity. That’s the conclusion of a new study conducted by Civic Economics and published by Livable City in Austin, Texas. … Read More
Germany’s highest court has ruled that Wal-Mart’s below-cost pricing strategy undermines competition and violates the country’s antitrust laws. Two years ago, the federal Cartel Office accused Wal-Mart and two other large supermarket chains of selling goods below cost and ordered the companies to raise their prices. The items in question included about a dozen staple products like milk, butter, and vegetable oil.… Read More
Big box retail, shopping centers, and fast-food restaurants cost taxpayers more than they produce in revenue, according to a fiscal impact analysis in Barnstable, Massachusetts. The study, conducted by Tischler & Associates, compares the tax revenue generated by different kinds of residential and commercial development with the actual cost of providing public services for each land use. Barnstable is a community of 48,000 people on Cape Cod.… Read More
Puerto Rico’s Department of Justice has asked the U.S. Court of Appeals for the First Circuit to block Wal-Mart’s acquisition of the island’s largest grocery store chain, Supermercados Amigo Inc. The outcome of the case could affect the ability of states to review and challenge mergers. Wal-Mart already operates 19 outlets in Puerto Rico, including eight Sam’s Club stores and one supercenter. … Read More
"Now you know who really has your interests at heart," reads a recent advertisement in the Cape Cod Times that explains that a locally owned business returns a much larger share of its revenue to the local economy compared to an absentee-owned chain. The ad is part of a series of ads published in Cape Cod newspapers last fall by a new grassroots organization called the Smart Planning and Growth Coalition (SPGC).… Read More
Another prescription price survey finds independent pharmacies have lower prices.… Read More
Hundreds of citizens packed a Town Council meeting in Taos, New Mexico, in late January to voice their opposition to a proposed Wal-Mart supercenter. With the meeting room filled to capacity, many were forced to sit out the proceedings in other rooms, hallways, and even outside the building. More than 70 people testified against the development over a three-and-a-half hour period. Opponents wore green ribbons to identify themselves and presented a petition with 6,800 signatures.… Read More
In December, an Oregon jury found Wal-Mart guilty of forcing employees in eighteen stores to work extra hours without pay. A separate jury will determine damages in the class-action lawsuit. Employees testified that store managers used a variety of tactics to extract unpaid labor, including requiring employees to work after they had punched out for lunch, locking the doors at night to prevent off-the-clock employees from leaving until certain tasks were complete, and manipulating employee timecards. … Read More
Two churches and a long-time resident of the historic Sandfly community near Savannah, Georgia, have sued city and county officials to block a proposed Wal-Mart supercenter. The lawsuit claims the officials violated planning and zoning laws in approving the development. Settled by slaves in the 1700s, Sandfly is one of the nation’s oldest African-American communities. Until recently, most homes is this tight-knit village were built by residents themselves with everyone in the community pitching in to help. … Read More
