Local Stores Create Triple the Economic Activity of Chains

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

When you spend $100 at the chain Borders Books & Music, your purchase creates only $13 worth of local economic activity. That same $100 spent at locally owned book or record store generates $45, or more than three times as much local economic activity. That’s the conclusion of a new study conducted by Civic Economics and published by Livable City in Austin, Texas. … Read More

Supermarket Concentration Harms Farmers and Consumers

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Supermarket chains in the northeast are using their market power to reap record profits on milk at the expense of both dairy farmers and consumers, according to a new report. The findings are fueling legislative efforts in several New England states to rein in the power of grocery chains. One proposal in Maine would tax big box retailers to support dairy farms.… Read More

Big Box Stores Drain City Revenue, Study Finds

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Big box retail, shopping centers, and fast-food restaurants cost taxpayers more than they produce in revenue, according to a fiscal impact analysis in Barnstable, Massachusetts. The study, conducted by Tischler & Associates, compares the tax revenue generated by different kinds of residential and commercial development with the actual cost of providing public services for each land use. Barnstable is a community of 48,000 people on Cape Cod.… Read More

German High Court Convicts Wal-Mart of Predatory Pricing

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Germany’s highest court has ruled that Wal-Mart’s below-cost pricing strategy undermines competition and violates the country’s antitrust laws. Two years ago, the federal Cartel Office accused Wal-Mart and two other large supermarket chains of selling goods below cost and ordered the companies to raise their prices. The items in question included about a dozen staple products like milk, butter, and vegetable oil.… Read More

Wal-Mart’s Purchase of Puerto Rico Chain Challenged

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Puerto Rico’s Department of Justice has asked the U.S. Court of Appeals for the First Circuit to block Wal-Mart’s acquisition of the island’s largest grocery store chain, Supermercados Amigo Inc. The outcome of the case could affect the ability of states to review and challenge mergers. Wal-Mart already operates 19 outlets in Puerto Rico, including eight Sam’s Club stores and one supercenter. … Read More

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