Walmart used to, probably still does, use other stores as welfare generators for newer stores. The reason was/is because that means the new store can undercut all local competition long enough to drive them out of business and the jack the prices afterwards. Corporations focused so heavily on lying, cheating, and stealing do not do anything out of the good ess of their hearts.
Companies can bleed ridiculous amounts of money if it means that they can push competition out of the market. Couple less profitable, or even negative, quarters are fine, if they’re expecting good enough return for that investment. So, they’re still firmly on track with maximum profit hunting, sometimes it just takes some money to make even more money.
Wasn’t Amazon’s whole thing for a while that they weren’t going to relentlessly pursue quarterly profits? So they can care, they just often don’t.
see The People’s Republic of Walmart
Walmart used to, probably still does, use other stores as welfare generators for newer stores. The reason was/is because that means the new store can undercut all local competition long enough to drive them out of business and the jack the prices afterwards. Corporations focused so heavily on lying, cheating, and stealing do not do anything out of the good ess of their hearts.
Funny thing, Walmart tried to do exactly that when they were trying to get a foothold in germany, but failed massively, lol.
Companies can bleed ridiculous amounts of money if it means that they can push competition out of the market. Couple less profitable, or even negative, quarters are fine, if they’re expecting good enough return for that investment. So, they’re still firmly on track with maximum profit hunting, sometimes it just takes some money to make even more money.