Thoughtful whateverdayitis:)

If this does not worry you it should.(in my humble opinion)

Wal-Mart hiring binge will add 22,000 jobs
Posted Jun 04 2009, 05:37 AM by Douglas McIntyre
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Filed under: retail, Wal-Mart, Best Buy, Target, Sears, Costco
Many big-box retailers, including Best Buy (BBY), Target (TGT), and Costco (COST), are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not faring any better. That means that the layoffs in the retail industry, which have already been extensive, are likely to continue, especially if the 2009 holiday season is weak.
Wal-Mart (WMT) is at the other end of the spectrum, by itself. The world’s largest retailer says it will add 22,000 jobs at its U.S. stores this year. That is down slightly from 2008, but in an economy that is forcing hundreds of thousands of people out of work each month, it is extremely impressive.
Investors in Wal-Mart have begun to voice concerns that the company will lose some of its new customers when the economy recovers. These customers will go back to retailers who cater to the middle classes. They will not be forced to go “downscale” to do their shopping. This analysis may miss the fact that the consumer who was forced to be frugal when pressed to keep expenses down due to the recession will decide to open his wallet as things get better. Analysts who follow the car industry believe that consumers will never go back to buying a new vehicle every year. The same probably holds true for most consumer spending. American frugality could last for a decade.
Wal-Mart is often criticized for paying its workers too little money and preventing them from forming unions. These charges may be true, but it is also true that Wal-Mart is one of the few large U.S. companies contributing to an improvement in national employment.
Top Stocks blogger Douglas A. McIntyre is an editor at 24/7 Wall St.

Fast forward 10 years.. No Sears, No Penny's, No KMart, No Macy's,No Target, No Dollar Store, No Dollar Tree, NO LOCAL BUSINESSES AT ALL... Walmart stocks owned by people who are citizens of another country.

Manchester was one of the first Walmart's outside of Arkansas almost 30 years ago, so the novelty has LONG wore out for us. We all have to shop at Walmart for some things..There is no choice, but when ever possible I'll drive further and pay more to avoid it. It's a free country, do what you want...we do :)