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Ep 35 - The Middle Class Doesn't Like Big Bad Retail
So how big is big, bad retail? Let’s look at sales. In 2019, Costco had sales of $153 billion. Amazon came in at $158 billion. And Walmart? $524 billion. Half a trillion dollars…every year. Almost double what Costco and Amazon sold…put TOGETHER! That’s insane.
If Walmart was a country, it would rank 27th in GDP…bigger than Austria, Ireland or Israel. If you add all of them together…the Big 3 in retail would rank 17th…bigger than Switzerland, Saudi Arabia, or Taiwan.
Which of course got me thinking…is this where the world is really heading? On this…episode 35…of Middle Class Over…
To rate and review this podcast, please click on
https://www.podchaser.com/podcasts/middle-class-over-1581315
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By Frank Simon was Middle Class until 1980. Since then, it's all been an illusion.So how big is big, bad retail? Let’s look at sales. In 2019, Costco had sales of $153 billion. Amazon came in at $158 billion. And Walmart? $524 billion. Half a trillion dollars…every year. Almost double what Costco and Amazon sold…put TOGETHER! That’s insane.
If Walmart was a country, it would rank 27th in GDP…bigger than Austria, Ireland or Israel. If you add all of them together…the Big 3 in retail would rank 17th…bigger than Switzerland, Saudi Arabia, or Taiwan.
Which of course got me thinking…is this where the world is really heading? On this…episode 35…of Middle Class Over…
To rate and review this podcast, please click on
https://www.podchaser.com/podcasts/middle-class-over-1581315