, Walmart announced that it was launching into urban communities across the U.S. in an effort to shore up waning sales. Since then, the company has been trying to convince the public that Walmart will bring jobs and stimulate the local economy.
However, across the nation, residents and businesses have spoken out about Walmart's negative impact on our neighborhoods, small businesses, and jobs. Walmart brings poverty wages that force their associates to rely on public welfare programs and puts mom and pop stores out of business. Los Angeles Chinatown is similar to these communities and would be devastated by a Walmart.
- Chinatown has at least 3 supermarkets and dozens of smaller markets. While these stores will be selling some ethnic specific items, Walmart will be selling mostly the same grocery items
- Chinatown has 12 bakeries that sell cakes and breads. The proposed Walmart store will also sell baked goods and have a deli with prepared food
- Chinatown has at least 4 pharmacies that would be in direct competition with the Walmart store which will have a pharmacy and sell health products
- Stores in Chinatown operate on small margins and even a small dip in sales could force many shutter their doors
- Many stores in Chinatown are local institutions, that have been around for decades, often remaining in the same family or in the larger Chinese-Vietnamese community
- Smaller businesses will be further squeezed out as rents increase because chain stores can afford sign longer-term leases and pay more for rental space