Why Walmart Failed in Germany

Far and away the most heavily trafficked blogpost of mine in recent history. Might be approaching my Nasa Moon Hoax post from the late 20th century. (Max on the Moon) The German Walmart disaster story is still number one daily in my stats even after nearly TWO years from the original posting. Enjoy.

The Tim Channel

Walmart, the most successful retail operation in the US, failed to make even a dent in the largest and most vibrant European economy (Germany) after losing a billion dollars in the process of bungling their German market experiment with so much failure it is now the stuff of local urban legend..  Let’s examine the reasons.

Cultural Hubris

“The problem was the company’s business philosophy, which had always worked so well,” wrote Frankfurt’s Börsenzeitung in what pretty much amounted to an obituary. “It’s people-centered – but that doesn’t actually work when the people aren’t American.

The company gave the job of masterminding Wal-Mart Germany to an American who didn’t speak a word of German.

The Germans weren’t fond of the Walmart practice of hiring old people to accost greet them at the door, nor were the German workers impressed with morning warm-up sessions (“Higher Profits Uber Alles! — Can I get…

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Lost in the Dust of 9-11

Theft by Deception

Enron – An Implosion on Wall Street

November 29, 2001

“The company’s autopsy will be a complicated affair, entailing numerous lawsuits. What is already clear, and will come as a shock to millions of trusting individual investors across America, is that the financials of a Fortune 500 company were essentially a mystery. Enron’s death watch began last month when it grudgingly disclosed that $1.2 billion of its market value had vanished as a result of “related-party” transactions with private partnerships that enriched company insiders. Then Enron admitted that it had overstated its profits over the last five years by $600 million. Dynegy cited Enron’s lack of forthrightness as a reason to walk away from the merger agreement.

Not very long ago, competitors and Democrats in Washington were worrying whether the close ties between Enron’s chairman, Kenneth Lay, and George W. Bush would give the company too much influence. Enron has aggressively lobbied, with some success in recent years, to limit regulation and disclosure of its trading operations.”  #seenontheweb


February 1, 2015  (appended #remash update)

Creative accounting and “deregulation” allowed millions of American’s to be duped into furthering the wealth of the few at the expense of the many. Republicans continue to stifle all information that would make them look bad under the guise it’s to keep our kids safe from terrorists.

Republicans have already figured out how to save our children from prosperity. Will they attempt to figure out a way to shift the blame to the Democrats? Count on them to give it their all.

The Republican party, headed up by the Bush family, is as intellectually corrupt and morally blind as the Enron Corp was financially irresponsible.  It’s no wonder they’re best barbecue buddies are Saudi Arabian Muslims who like to inflict barbaric public floggings on irreverent bloggers.  Bush probably wishes he could strap Michael Moore to a post and beat him bloody too.  He can always count on Colin Powell to testify Moore had yellowcake in his pocket.