Even though they're growing quickly, 37 % prependemicco, still not a profitable segment for them. I don't know where what profit we're talking about there. There's a labor point to make here too, which is that i think in closing all those sams clubs, they basically lay off all the employees and then say, all right, now you can interview this building"
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.