Reality is that corporations are about profit. Walmart looks at profit on a per-store scale. If DEI isn't contributing to profit in a way that is meaningful, it isn't worth it. You mentioned the Bolden brand was in stock, then quickly went to clearance. That's a sign that Walmart experimented with a new vendor, a new brand. Well, no one was buying it. There wasn't enough demand. So they dropped it. This probably happened enough times that Walmart decided DEI wasn't profitable. It's not about politics. Let's say you owned a grocery store. And you had a whole aisle of Asian or Hispanic or Polish or whatever food. But no one bought it. It's not generating revenue for you. In fact you're losing money on those items. Would you continue to stock those non-selling or poorly selling items stock those items? Would you continue to allocate floorspace/shelfspace to those non-selling items? Or would you re-merchandise that aisle to products that people do buy? It's simple economics.
@@rhitrix Thank you for your opinion. I really appreciate different opinions and different inputs on topics. Let’s keep it going. Yes, maybe it wasn’t profitable and that was then reason. Hopefully it was that but seeing that report on the news was unsettling.
Reality is that corporations are about profit. Walmart looks at profit on a per-store scale. If DEI isn't contributing to profit in a way that is meaningful, it isn't worth it. You mentioned the Bolden brand was in stock, then quickly went to clearance. That's a sign that Walmart experimented with a new vendor, a new brand. Well, no one was buying it. There wasn't enough demand. So they dropped it. This probably happened enough times that Walmart decided DEI wasn't profitable. It's not about politics.
Let's say you owned a grocery store. And you had a whole aisle of Asian or Hispanic or Polish or whatever food. But no one bought it. It's not generating revenue for you. In fact you're losing money on those items. Would you continue to stock those non-selling or poorly selling items stock those items? Would you continue to allocate floorspace/shelfspace to those non-selling items? Or would you re-merchandise that aisle to products that people do buy? It's simple economics.
@@rhitrix Thank you for your opinion. I really appreciate different opinions and different inputs on topics. Let’s keep it going.
Yes, maybe it wasn’t profitable and that was then reason. Hopefully it was that but seeing that report on the news was unsettling.
Hello 🙋🏽♀️ I like your perspective. I didn't realize ending DEI included not offering products from black owned businesses.
@@bingethinker4713 Yes, that was surprising to me as well when I saw that on my tv screen. This is America so I shouldn’t be surprised.