New Study Shows How Wal-Mart Devastates Small Businesses
New Study Shows How Wal-Mart Devastates Small Businesses
By Janean Chun / huffingtonpost.com
Dec 16, 2011

Walmart cuts more than just prices -- it cuts small businesses and jobs, according to a new study released by Manhattan Borough President Scott Stringer. Weighing in on the debate about whether Walmart should enter New York City, the study found that between 30 and 41 small retailers would go out of business within the first year of just one Walmart opening in Harlem. By the second year, as many 66 small retailers could be out of business. "When you lose local businesses, you lose local jobs," Stringer says. "And Walmart wages are so low, they're basically pushing people to public assistance."

Stringer used a 2009 Chicago study as a model for his research. That study found that 25 percent of competing businesses within a one-mile radius of a West Chicago Walmart closed within a year of the Walmart opening, and 40 percent closed by the second year. Stringer applied the model to a vacant location in Harlem that was big enough to house a Walmart, and surveyed 304 licensed local retailers with a fresh food component.

"I talked to small-business owners who have put their sweat equity and life savings into keeping these stores afloat during this recession," Stringer says. "These storeowners are pioneers in this community. They invested so much of themselves making sure these businesses could make it in the community at a time when banks were not in Harlem, when developers didn’t want to do business there, when there weren't any chains. We're doing everything in our power to make sure they have a fighting chance in the face of a Walmart coming to Harlem. To simply ignore the work of middle-class people trying to advance themselves in the face of a huge conglomerate coming in and wiping out everything they built is scary to me."

0.0 ·
0
Featured Pay Per View Films
Inhabit: A Permaculture Perspective (2015)
92 min
Within Reach (2013)
87 min
The Economics of Happiness (2011)
65 min
Trending Today
Why Does Our Culture Focus So Much on Childbirth and So Little on The Time After?
Dr. Kathleen Kendall-Tackett6,793 views today ·
Born Sexy Yesterday: Another Gendered Hollywood Movie Trope That Needs to Die
18 min3,708 views today ·
Through Abdullah's Eyes (2017)
42 min1,394 views today ·
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min991 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick570 views today ·
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley483 views today ·
What Makes Call-Out Culture So Toxic
Asam Ahmad472 views today ·
Predatory Romance in Harrison Ford Movies
17 min451 views today ·
Whose Consumption Is Killing the planet?
Ragina Johnson and Michael Ware334 views today ·
Load More


Love Films For Action? 

Films For Action empowers citizens with the information and perspectives essential to creating a more just, sustainable, and democratic society.

If you feel like you get some value from this library, consider making a donation today. Every little bit helps.

Join us on Facebook
New Study Shows How Wal-Mart Devastates Small Businesses