|
Just
Say No
U.S. News & World Report - April 19, 2004
By Julian E. Barnes and Tim Appenzeller
There
won't be any cheery Wal-Mart greeters in Inglewood, Calif. Voters
there last week defeated a measure backed by Wal-Mart that would
have allowed the retailer to build a giant discount store next to
the former home of the Los Angeles Lakers. "This was a supercenter
the size of 17 football fields, the kind of place that puts small
stores out of business," said Madeline Janis-Aparicio, director
of Los Angeles Alliance for a New Economy, which fought the store.
But Michael Cox, chief economist of the Federal Reserve Bank of
Dallas, says saving mom and pop stores costs shoppers: "Poor
consumers are the ones Wal-Mart helps the most."
Inglewood
isn't exactly without low-cost options: It already has a Target.
|
 |
