E14: The Price Spreads Report, part 4 - Chain Stores
10/20/22 • 19 min
Links from today's episode:
- What Happened When Wal-Mart left Town?, The Guardian
- What Happens When Wal-Mart Leaves a Small-Town?
- With 269 Stores Closing, Is this the Beginning of the End for Wal-Mart, ILSR
- The Wal-Mart Effect, by C,harles Fisman
- Hamster, I know life is hard for you... blog post
- Best Buy Snaps Up Future Shop for $580 million
- Future Shop stores closed across Canada some to rebrand as Best Buy
Links from today's episode:
- What Happened When Wal-Mart left Town?, The Guardian
- What Happens When Wal-Mart Leaves a Small-Town?
- With 269 Stores Closing, Is this the Beginning of the End for Wal-Mart, ILSR
- The Wal-Mart Effect, by C,harles Fisman
- Hamster, I know life is hard for you... blog post
- Best Buy Snaps Up Future Shop for $580 million
- Future Shop stores closed across Canada some to rebrand as Best Buy
Previous Episode
E13: The Price Spreads Report Pt 3 - Department Stores
I'm continuing my deep dive into the Price Spreads report and it's look at the retail industry in the 1930's. This week's episode is all about department stores, specifically Eaton's, The Bay. In the 1930's Eaton's did 7% of all retail sales in Canada. Canada has a long, history with the Hudson's Bay company. I look back quickly on the history of HBC and how they used similar monopolistic tactics when they had the dominant position in the fur trading industry. And to connect back to today, I talk a lot about Amazon. I know Amazon wasn't around in the 1930's but Amazon has a lot of the same dominant characteristics and impacts today that the department stores had in the 1930's.
Links from today's episode:
- Price Spreads Report
- Episode 11 - Introduction to the Price Spreads Report
- Episode 12 - The Price Spreads Report - Retail as distribution
- Short history of Hudson's Bay Company
- Statistics on Amazon Prime
- Map of the Northwestern Territory
- Boxed Out Report, by Stacy Mitchell and Ron Knox, ILSR
- A&P by John Updike
- The Lottery by Shirley Jackson
- California Files Antitrust Lawsuit against Amazon
- From Seattle to Luxembourg: how tax schemes shaped Amazon
- Breakdown of Amazon Prime Scam - Matt Stoller
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Next Episode
E15: What were they actually doing? - Price Spreads Report Pt 5
We're getting near the end of the discussion on the department and chain stores. This episode will be a look into the specific actions of the chain and department stores that worried the Commission. These behaviors were lumped into mass buying and price concessions, and competitive practices in retail trade. Price concessions are between mass buyers and suppliers, retail trade is between mass buyers and other retailers.
This is a perfect time for this episode - the Canadian Competition Bureau just announced a market study of the Canadian grocery industry. Basically, the Competition Bureau is going to look into 'competitive practices in retail trade'. again.
Note: It was 2013 when Future Shop closed.
The behaviors the Commission looked into are:
- Mass Buying and Price Concessions
- Trade Discounts
- Cash Discounts
- Quantity Discounts
- Free Deals and Premiums
- Advertising Allowances
- Demonstrators
- Competitive Practices in Retail Trade
- Loss Leaders
- Deceptive Packaging
- Short Weighing
- Misleading Advertising
Links from today's episode:
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