Tuesday, February 14, 2012

This week the New York Times reported a disheartening story about two of the largest retail chains. You see, instead of taking unsold items to sample sales or donating them to people in need, H&M and Wal-Mart have been throwing them out in giant trash bags. And in the case that someone may stumble on these bags and try to keep or re-sell the items, these companies have gone ahead and slashed up garments, cut off the sleeves of coats, and sliced holes in shoes so they are unwearable.
I understand the business need to satisfy the IRS requirement for capital loss but in this day of deep recession, such action is unconscionable.
Store here:
http://shine.yahoo.com/channel/beauty/h-鈥?/a>|||This seems to me to be the epitome of greed. It seems that Wal-Mart has chosen a new demographic to sell clothing to. The homeless and poor. They didn't even want them to get a free jacket or clothing of any kind. Simply put... PURE GREED in my opinion.

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