99-year old trucking company Yellow shuts down, putting 30k out of work

Re:99-year old trucking company Yellow shuts down, putting 3... by bastardoperator on Monday July 31, 2023 @12:20PM (#36944948)

"Lo barato sale caro" which translates to the "the cheap becomes expensive". If you see something that is cheaper then everything else, just assume they're cutting corners in places that matter. It will be interesting to see how many millions of dollars they use to keep the executive team in place during the bankruptcy despite the fact it's their decisions that lead to failure. I also wonder how much student debt we could have cancelled for 700M, it would have been a better investment.

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Re:99-year old trucking company Yellow shuts down, putting 3... by HenryBemis on Monday July 31, 2023 @12:41PM (#36945253)

> "Lo barato sale caro" which translates to the "the cheap becomes expensive"

99% true with some very few exceptions. I remember Evan Davis' on a BBC podcast called "The Bottom Line". In said podcast he was interviewing various business people.

One of them was the CEO of Primark.

Over 'here' (in Europe - in multiple countries) you can see MASSIVE stores (I haven't yet been on a Primark store that was smaller than a football pit (per floor - typically two floors - lower for women, upper for men and kids), and they have shockingly low prices. I haven't visited a Primark outside Europe yet, so I have no opinion about other regions.

So.. back to the CEO.. he was responding that their low prices is not because of low quality, but because they never spend a dime on marketing, and thus they can use these savings to improve quality and lower prices, and then went on to challenge the journalist to remember/find one (paid) advertisement.

At that point (5? 6? 7? years ago) I also tried and for the life of me I could not remember ever seeing ads on the Tube (London underground), newspapers, bus stops, internet (but I block 99.9% of them).. anywhere.

So yes, 99% true but then I have a black long-sleeve t-shirt Cedarwood (Primark product) that 5 years on is still in great shape and I do wear it a lot, while the respective H&M don't go past the 2 year mark.

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Re:99-year old trucking company Yellow shuts down, putting 3... by bastardoperator on Monday July 31, 2023 @01:41PM (#36946167)

Sounds like Walmart in the US. They're able to achieve their prices by robbing the employees of a livable wage.

If you look online, Primark continues to engage in this illegal behavior after getting caught on numerous occasions, just like Walmart.

https://www.business-humanrights.org/en/latest-news/minimum-....

https://www.theguardian.com/global-development/2021/jul/02/w...

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