Chapter 6What do we actually know about Wal-Mart?

Who predicted in 1993 that “[Wal-Mart] has a good chance of becoming the

biggest business in the United States”?

Ken Stone

What is the error in the annual inflation rate for groceries caused

by ignoring Wal-Mart?

15% or $6.6 billion

What is the overall change in the amount of jobs in a county five

years after a Wal-Mart is opened?

Gain of 30 jobs

Buyers who spend a large proportion of their grocery expenditures on what items are unlikely to shop at Wal-Mart after one

opens?

Fresh produce, seafood, and home meal replacement items

How many workers does a typical Wal-Mart employ?

150 to 350

What two rules of thumb did Stone give about who benefits

when a Wal-Mart is opened?

Merchants selling goods or services different from what Wal-Mart sells

are natural beneficiaries.Merchants selling the same goods

as Wal-Mart are in jeopardy.

In what state did Ken Stone first complete his study of the effects

of Wal-Mart?

Iowa

How much of the national grocery market does Wal-Mart control?

$124 billion or 16%

According to Singh, the majority of a supermarket’s losses after a Wal-Mart opens are caused by…

Fewer visits from customers

Roughly how many American families are in poverty due to

Wal-Mart?

20,000

Chapter 7Salmon, Shirts, and the Meaning of Low

Prices

How much does Salmon cost per pound at Wal-

Mart?$4.84

Where does Wal-Mart buy all its salmon from?

Chile

What was the total world farmed salmon harvest for

the year 1985?50,000 metric tons

Which company imposes standards on its seafood

suppliers?Darden Restaurants

What is the processing plants’ biggest problem?

Harsh labor practices

If Robina Akther did not sew 120 pairs of pants per hour at the

western dressed factory, what would happen to her?

The supervisor would slap her across the face with the pants she was sewing.

If Robina Akther worked for fifty years at the western dresses

factory, what would her total wages have been?

$16,200

In 2004, how many factory inspections were

conducted by Wal-Mart?12,500

Who is Rodrigo Pizarro?

An economist who heads Terrim, Chilean foundation dedicated to promoting sustainable

development in Chile.

What does Pizarro think is one point of leverage that

Wal-Mart never ignores?Shoppers