Walmart lowers Value

In the movie "Walmart: The High Cost of Low Price" it said that whenever a Walmart Came to town, the Value of a Building went down. Thats because walmart takes away a lot of business from local businesses and they end up getting closed down. Eventually there are a bunch of empty lots of buildings and people do not want to be buying buildings where they know there will be no positive outcome. There was a part in the movie where a walmart owner was driving by the neighborhood where his walmart was going to open up and he pointed at stores and guessed how long it would take for that business to close down because he knew they would run that business down. Walmart drives down retail 3 BILLION dollars every year.

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Walmart: The High Cost of Low Price. 2005.