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by colechristensen
3594 days ago
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There's a huge demand for low-income retail. WalMart can't effectively compete in the middle-income market. It has image problems, it would have to do a huge overhaul, the space is already filled with many others. If it leaves the low-income space it will leave a huge opportunity for others to enter. Nothing can legislate away the low-income market and as long as it exists there will be companies who want to enter it. Laws can shape what that market looks like and what environment is for the people in it. |
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It has image problems because it competes in the low-income market. If that weren't a profitable space for them, they would change their image overnight.
> If it leaves the low-income space it will leave a huge opportunity for others to enter.
If Walmart can't make it work, I doubt any other company could.
> Nothing can legislate away the low-income market and as long as it exists there will be companies who want to enter it. Laws can shape what that market looks like and what environment is for the people in it.
This is just objectively false. Of course you can legislate away the low-income market. It's done all the time. The state can absolutely strangle a market with too many policies and regulations or take it over completely.