now rubbermaid has closed down

[blues90]

Just heard it on Randis show , they were killed by wal-mart and selling off their equipment and guess who's buying it , China .

So how many people have just lost their jobs ?

This keeps on going with no slow down in sight , we are doomed very sson , what's or who is next ?

[Rosemary2205]

1. Rubbermaid isn't losing business because of WALMART

they are losing business because of mismanagement and a failure to innovate to stay in the marketplace.

Edit to add -- but yeah, walmart sucks.

[mondo joe]

2. Wacky. There's a news story a little while ago about them increasing

jobs.

http://www.augustagazette.com/articles/2007/01/12/news/news04.txt

[MonkeyFunk]

3. She seems to be wrong

http://www.newratings.com/analyst_news/article_1460900.html

Analysts have raised their price targets for the company today.

[OPERATIONMINDCRIME]

4. Can You Justify And Lend Supporting Facts To The Walmart Argument? Thanks In Advance.

[Bjornsdotter]

6. Here's part of it

There's more but this will give you a start

History has shown that suppliers suffer if they run afoul of Wal-Mart. Rubbermaid raised the prices it charged Wal-Mart in the mid-1990s because of an 80% jump in the cost of a key ingredient in its plastic containers. The retailer responded by giving more shelf space to lower-priced competitors, helping drive Rubbermaid into a 1999 merger with rival Newell, says John Mariotti, a former Rubbermaid executive. "Rubbermaid earned Wal-Mart's wrath by not giving it the best deal," he says.


http://www.usatoday.com/money/industries/retail/2003-01-28-walmartnation_x.htm

Cheers


http://www.freemarketproject.org/economic_terrorism/2004/ecoterror20041118.asp

Edit for 2nd link

[high density]

In the CNBC documentary about Wal-Mart, I think the situation with Rubbermaid is mentioned

Basically Wal-Mart tells their suppliers what prices they're going to buy the products at and it's up to the companies to cut their costs to meet Wal-Mart's demands. The other option is to not sell at Wal-Mart.

[SharonAnn]

32. Sears used to do this to its suppliers also, in the 1960's when it was strong.

They could charge what Sears dictated or lose the business. And after they'd built up their factories, etc. to accommodate the Sears pbusiness, they were in debt and couldn't give up the Sears contract because then they couldn't pay their bills.

It used to be known that getting a series of large Sears contracts put a supplier under Sears control.

Guess it's the same whoever's the dominant buyer.

[OPERATIONMINDCRIME]

11. I Appreciate The Effort, But A 4 Year Old Article Ain't Gonna Cut It.

[Bjornsdotter]

15. I'm not trying

...to prove that it is so.

I was trying to give you an idea of what people were referring to.

Cheers

[OPERATIONMINDCRIME]

21. Oh Ok. I Did Appreciate It Though. I Just Need Something More Recent From The OP.

[Bjornsdotter]

23. I hear ya

....I'd like to know also.

Cheers

[Junkdrawer]

16. Self Delete - Posted at the wrong spot.

[AnneD]

7. I know ...

they drove Scott's into the ground and THAT WAS documented.

[Junkdrawer]

18. It was a PBS Frontline Special...

http://www.pbs.org/wgbh/pages/frontline/shows/walmart/

[OPERATIONMINDCRIME]

24. Ummm, No Article Or Link Where I Can Find Explanation For Walmart Forcing Rubbermaid Out Of Business

[MonkeyFunk]

26. You won't even be able to find

a source that says Rubbermaid IS out of business, regardless of the reason.

Randi's wrong.

[OPERATIONMINDCRIME]

27. Wait, So None Of This Is Even Verified Yet Or Something That They Had Been Awaiting?

LOL my bad. I thought this was something widely known in business that was looming and today was finalized.

Sheesh, I didn't know it was just plain rumor :)

[MonkeyFunk]

30. Yep

Randi's mis-remembering something she heard a few years ago. At least that's the charitable explanation.

[OPERATIONMINDCRIME]

35. Thanks. Facts Are Refreshing.

[MonkeyFunk]

40. but uninteresting

according to all the people who are posting in this thread without reading any of it.

But a sensational lie is always more interesting than a mundane truth.

[Junkdrawer]

31. I remember the show...it was about how Rubbermaid became dependent...

on WalMart sales. WalMart then demanded a huge price cut or else. Rubbermaid refused and was then tossed out of WalMart. Factories were then shut down and the equipment sold to Chinese buyers.

I don't think Rubbermaid was "forced out of business", but WalMart's ruthless negotiating tactics did result in a lot of pain for American Rubbermaid workers.

[OPERATIONMINDCRIME]

36. Sorry. Based On The Response To Me Above, I've Now Lost 100% Interest In This Thread.

[high density]

5. WTF is she talking about.. what is her source?

She's full of shit as normal.

A public company with $8.4B market cap doesn't just die overnight.

[slackmaster]

8. If so, that is ideed tragic

[MonkeyFunk]

9. but it's not so....

took me about 2 seconds of searching to learn that.

[slackmaster]

45. That whooshing sound was my response going over your head

:rofl:

[ObaMania]

10. They ain't going nowhere

My father in law (one of 'em) works for Rubbermaid-Newell out of their NC office and he's fine. If anything there's corporate restructuring or maybe dropping the Rubbermaid name altogether, but they are too huge to go down. I need to see what context Randi used when she made that statement.

[Bonhomme Richard]

12. It's probably shutting factories and moving...

production to China. The headline is misleading. Still, it ain't good.

[blonndee]

28. They just added some jobs at their Winfield plant in KS

says this article from today.

http://www.augustagazette.com/articles/2007/01/12/news/news04.txt

[peacetalksforall]

13. Another reason to never spend at Wal-Mart. I feel sorry for the

employees who need their job at Wal-Mart or need employment, but I will never go to Wal-Mart. Inhumanity reigns on their properties.

[MADem]

14. They just hired a shitload of new people. Are you sure you have the right company?

Rubbermaid announces 300 new openings
http://www.augustagazette.com/articles/2007/01/12/news/news04.txt

[MonkeyFunk]

17. Randi is wrong

and yet two threads are going full-force because people believe one factoid they hear on the radio rather than take 5 seconds to search for the news themselves.

Yesterday, analysts RAISED Rubbermaid's target price.

[MADem]

19. Someone needs to call ole Randi and tell her to cough up a source. NT

[Bjornsdotter]

22. Don't listen to Randi

....but I wonder if she is referring back to the old stories....the ones where Rubbermaid had a problem with Wal-Mart.

Cheers

[blues90]

20. All I know is it was the cost of the resin

used to make the rubber and rubbermaid told wal-mart they needed to increase their prices in order to keep going and wal-mart stopped selling rubbermaid products .

[Robbien]

25. What's next. Funny you should ask

Blagojevich is trying to sell the idea of privatizing the state lottery. For a one time payment of $10 billion we will lose the huge annual income the lottery brings in.

Plus of course all the administrative jobs will be offshored.

There is no place this nonsense will end.

[1monster]

29. Walmart SELLS Rubber Maid products, so I can't see how Walmart

can be blamed for Rubber Maid's demise.

[burythehatchet]

33. I have an idea for manufacturers who are sick of selling to Walmart

Start a campaign - "We do not sell to Wal-Mart"

[davidwparker]

34. I posted that too after hearing it. I found a story to what she was

referring to that is a year old. Like you, I heard that China was buying the old equipment. I'm going to listen to the podcast tomorrow and see what she actually said.

[Subdivisions]

37. They've apparently had some sort of trouble because

they had a production plant here in Cleburne, Texas, that shut down a couple of years ago. Or, maybe that was a business decision. At any rate, at the time it was a major employer for this town. Everyone lost their jobs.

[MonkeyFunk]

38. Except

there is no demise.

Their stock target price was RAISED yesterday.

Randi is wrong.

[Subdivisions]

41. I just edited my post after I got a better grip on what is happening

at Rubbermaid. I too find it hard to believe they would go down that hard. But they DID close a major plant here in Cleburne and that hit our employment situation pretty hard.

[BrklynLiberal]

39. Companies WALMART has killed

This was from 2005, but one can assume it has not gotten better.
Check out the other companies that have been victims of WALMART....

Wal-Mart's 'Low prices' destroying American companies, American jobs
<snip>
Rubbermaid is the largest producer of consumer rubber products in the United States, and Wal-Mart sells by far the largest volume of Rubbermaid products of any retail store. In January 2001, Joseph Galli, the new chief executive officer, had an intensive series of meetings with Wal-Mart management. Since January 2001, Rubbermaid has shut down 69 out of its 400 facilities, and fired 11,000 workers. The equity research director at Associated Trust & Co., C. Mark Heaseldon, bluntly stated the reason, "To be able to meet the demands from key customers, like Wal-Mart ... to become competitive in price." He added that Galli would have to "shift about 50 percent of production to low-cost countries." This could force the closure of an additional 131 Rubbermaid facilities, and the firing of an additional 20,000 workers.
<snip>
http://www.workertimes.com/ltribune/walmart9.html

[Junkdrawer]

42. Shhh...you'll destroy a perfectly good "WalMart isn't evil" thread"...

:hi:

[MonkeyFunk]

44. Saying

that Rubbermaid is not out of business is not a statement of support for Walmart. It's just a fact.

[Parche]

43. Rubbermaid

Arn't they the ones who make propholactics????