penny stock fortunes
Which retail store sells the most US made products?
Starting with Target or Wal-mart, which US retail store sells the most US made products? Which one helps the US GDP more, which one helps China’s GDP more?
Yes, I understand that they are both large companies. What I want to know is which US retail store sells more US made products as opposed to non US made products. Suppose I wanted to help US manufacturing keep jobs. Which store might be better to shop at?
Partly your question is moot. Because if you consider appliances, the parts are all made and assembled in different places. The final assembly may be in US, but it doesn’t tell you much.
GDP is based on consumer spending reduced by imports and other factors.
Exports 1,056.90 40%
Imports 1,558.10 60%
Total 2,615.00 100%
The nature of manufacturing has changed dramatically, as supply chain methods and strategies for order fulfillment, lower costs and lean enterprise have revolutionized the way things are made. Best Buy is rated high in selling US Products, but these are assembled technological products and appliances. Sears has its own brand but sells competitve brands as well.
A site listed below gives a list of stores that sell predominately American made items. I do not know how accurate it is now. It seems unfair to penalize the retailer for choices made to produce low priced consumer goods.
Super discount stores seem to be getting a tragic reputation when in fact, most Americans shopped traditionally at KMart and several other discount stores which are no longer here, like Ames, Murphy’s, Woolworth’s to mention a few. American’s have always had the need for lower priced consumer items, but continue to shop at malls and many other stores as well like Penny’s, Sears (owner of KMart) and Kohl’s for example, and for pricy brand name items as well. Apparently due to the demand for discount items, Walmart and Target outsold the competition as seen below.
Top U.S. Retail Industry Corporations on the 2010 Fortune 500 List
Revenue Rankings http://retailindustry.about.com/od/topusretailcompanies/a/2008fortune500retail2009.htm
The history of Walmart and Target are listed below. Selling retail in the American marketplace has required a discount sales and volume buying business that creates a market for transportation,and all of the other businesses attracted to super discount store locations. There is more homebuilding in proximity to super stores, and this attracts more local business. There are many ways to view business in a complex world. It is community centered and the changing landscape of American life is not where it went, but where it’s at (…) objectively speaking. (That’s what they said when Malls first opened and communities changed.]
Wal-Mart Stores, Inc. (formerly branded as Wal-Mart, branded as Walmart since 2008) (NYSE: WMT) is an American public multinational corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world’s largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer and the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam’s Club retail warehouses in North America.
Wal-Mart has 8,500 stores in 15 countries, with 55 different names.
Fortune 500 Rank:
- 2009 Rank – #2
- 2008 Rank – #1
Target Corporation (simply known as Target) is an American retailing company that was founded in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the company opened its first Target store in nearby Roseville. Target grew and eventually became the largest division of Dayton Hudson Corporation, culminating in the company changing its name to Target Corporation in 2000. As of May 2010[update], the company has opened stores in every state except Vermont, operating as Target or SuperTarget.
Target is the second largest discount retailer in the United States, behind Walmart. The company is ranked at number 30 on the Fortune 500 as of 2010[update], and is a component of the Standard & Poor’s 500 index. The company licenses its bullseye trademark to Wesfarmers, owners of the separate Target Australia chain.
On January 13, 2011, Target announced its expansion into Canada. Target will operate 100 to 150 stores in Canada by 2013, through its purchase of leaseholds from the Canadian chain Zellers.
Fortune 500 Rank:
- 2009 Rank – #28
- 2008 Rank – #31