This article was originally published in our The Public Good: Reports from the Front Lines (September 27, 2017), available here. In the 1980s, leveraged buyouts became financial engineering’s newest invention. Corporate raiders would use the assets of the target corporation to collateralize the debt required to take it over. The resulting large debt payments burdened… Continue reading
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State data reveal that Walmart, Target, Whole Foods, and others offer such low pay and benefits that many of their employees rely on public assistance, at a cost of billions of dollars a year. Continue reading
Handing out multimillion-dollar subsidies to large chains has become commonplace in much of the country. But when governments use public money to woo national chains, economic growth and job creation are negligible, and independent retailers suffer, Stacy Mitchell argues in this commentary for Business Week.
The grassroots group, the Accidental Activists, stopped Target’s plans of placing a 180,000-square-foot Super Target in Bloomington, MN. Continue reading
Together, two grassroots groups have thwarted a development proposal that would have paved the way for a 128,000-square-foot Super Target in Simsbury, CT. Continue reading
As the company’s misdeeds pile up in the public consciousness, it can be tempting to define the problem of Wal-Mart as one of a bad apple—a rogue company gone awry in an otherwise sound economic system.
Wal-Mart has indeed attained a scale that puts it in a category all its own, and there’s no question that it is leading a race to the bottom. But others are running that race too. Target’s wages are as poor and its health benefits as out of reach. Home Depot and Lowe’s have crushed thousands of independent hardware stores. Best Buy has its main sourcing office Shanghai, where it relies on the same dismal factories.
Massachusetts spent more than $52 million last year providing healthcare coverage to employees of some of the state’s largest companies, including numerous chain retailers like Wal-Mart, Dunkin Donuts, Stop & Shop, CVS, Home Depot, and Target. Continue reading
Hundreds of residents have attended hearings held by the Los Angeles City Council’s Economic Development and Employment Committee on ways to mitigate the negative effects of supercenters on the community. Supercenters are massive stores, primarily operated by Target and Wal-Mart, that combine general merchandise with a full supermarket. Continue reading
Another prescription price survey finds independent pharmacies have lower prices. Continue reading
After more than four years of fighting to block three big box retailers, the town of Old Saybrook, Connecticut, has adopted an ordinance banning stores over 88,000 square feet. That’s about the size of two football fields, but smaller than a typical Home Depot or Target store. The new law also restricts commercial buildings in some parts of town to no more than 25,000 square feet. Continue reading