09-24-2015, 06:20 PM
Filliam H. Muffman wrote:
...just like Walmart used to do by demanding suppliers to cut prices.
Sears did this LONG before Walmart appeared on the scene.
Place big orders for the manufacture of in-house branded items (like Craftsman tools); large enough that the supplier would invest heavily, hire, and tool-up to meet those orders. Then after a few years Sears would tell the supplier (now dependent on the Sears relationship) that they didn't want to pay as much for the supplied product any more - "lower your cost to Sears, or we'll look elsewhere for another supplier."