News for hackers. Stuff that matters.

A comment on Was corporate profit growth a bubble inflated by "financial engineering"?. Parent comment

Re:Was corporate profit growth a bubble inflated by "financi... by Retric on Friday March 27, 2020 @02:09PM (#22705223)
For a few weeks possibly, but most of their items can be ordered online and their failure would open many doors for new stores.

Also, the overwhelming majority of people are driving to Walmart so even if significantly less convenient they can also drive somewhere else.

[ Parent | on HN ]
Re:Was corporate profit growth a bubble inflated by "financi... by LeoTinnitus on Friday March 27, 2020 @07:41PM (#22707892)
It would open many doors over the course of a few decades of market correction. Just cause walmart closes shop doesn't mean local poor people suddenly have the capital to start a business and compete. It's why ghost towns are still a thing. When the oil derrick town dries up, the driller who now lost his job isn't gonna just start drilling for oil now.
[ Parent | on HN ]