Wal-Mart's Loss Definitely Queens Borough's Gain...

Wal-Mart's Loss Definitely Queens Borough's Gain

In a stunning defeat, Wal-Mart chief executive H. Lee Scott Jr. told the New York Times that trying to conduct business in New York City was so expensive - and exasperating - that "I don't think it's worth the effort."

This is a major victory for New York City's middle-class, organized labor, innumerable small and medium-sized retail stores and all mom-and-pop businesses in the city who would have been driven out of business by the retailing behemoth.

It's clear to Wal-Mart's friends and foes alike that change is long overdue. In 2006, its holiday sales were down, its stock is in its third year of stagnation, and corporate leadership has lost the confidence of shareholders and employees alike.

Wal-Mart is bad for America. It is partnered with the Chinese Peoples' Liberation Army. The Red Chinese are America's largest potential economic and military opposition. (read more...)

And the Times-Ledger Editorial in the same issue:

Get out of the way - Editorial

We are growing weary of the opposition on the part of the city's labor unions and their servants on the City Council to the opening of a Wal-Mart in New York City and, in particular, in Queens.

The jury is no longer out on this issue. Wal-Mart offers its customers excellent service and quality merchandise at competitive prices. Consumers across America have already voted on that with their dollars. The residents of New York City have shown that they are more than willing to travel to New Jersey or Westchester to take advantage of the low prices offered by Wal-Mart. (Read more...)