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Posted on 1/21/20 at 7:49 pm to Harry Rex Vonner
quote:Too much to drink at happy hour + wishful thinking = crazy
I talked to a mover/shaker builder at happy hour (with a real estate wife) and he said something I'm not sure I believe, but I also don't think he would create out of the thin air
He said he thinks we (those same two counties) will be a million by 2025
Posted on 1/22/20 at 11:53 am to wmr
Amazon absolutely has the infrastructure to do shipping. They have warehouse facilities all over the country.
FedEx isn't moving to Arkansas either. That would require moving roughly 20k people plus building a multi-billion dollar airport. Memphis is the second largest cargo airport in the world and the largest in the U.S. Fred Smith and crew founded and started it in Memphis. He isn't selling out. Maybe a hostile takeover, but even then it doesn't make sense to move it to Arkansas due to the length and time it would cost. Arkansas also isn't as tax friendly as Tennessee. Walmart would likely move HQ to china and acquire DHS before FedEx.
Net income for Amazon is also higher than WMT. WMT revenue growth is around 6 percent. Amazon's has been in the double digits 15%+ for many years. Walmart has too many expenses with physical locations.
carry on though. NW Arkansas is still a lovely place
FedEx isn't moving to Arkansas either. That would require moving roughly 20k people plus building a multi-billion dollar airport. Memphis is the second largest cargo airport in the world and the largest in the U.S. Fred Smith and crew founded and started it in Memphis. He isn't selling out. Maybe a hostile takeover, but even then it doesn't make sense to move it to Arkansas due to the length and time it would cost. Arkansas also isn't as tax friendly as Tennessee. Walmart would likely move HQ to china and acquire DHS before FedEx.
Net income for Amazon is also higher than WMT. WMT revenue growth is around 6 percent. Amazon's has been in the double digits 15%+ for many years. Walmart has too many expenses with physical locations.
carry on though. NW Arkansas is still a lovely place
Posted on 1/22/20 at 2:52 pm to yatesdog38
quote:
FedEx isn't moving to Arkansas either.
Nobody thinks they would, but FedEx has seen better days. Walmart could acquire them and leave them where they are. It's not out of the realm of possibility.
quote:
Fred Smith and crew founded and started it in Memphis.
False. Fred Smith started it in Little Rock. Learn some history.
quote:
Amazon absolutely has the infrastructure to do shipping. They have warehouse facilities all over the country.
But not to do one-day shipping and make a profit doing it. That's where all of this is heading. Same day grocery delivery and next-day on everything else.
Posted on 1/22/20 at 4:55 pm to yatesdog38
Numberwang is trying to point out that while Amazon has a couple hundred fulfillment centers to ship from, WM has about 5000 stores and DC's
Posted on 1/22/20 at 10:18 pm to Mason Dixon Swine
Yes, and that was also my original point. They also have 60 or so regular old distribution centers with the same robotic technology and a logistics network that already feeds into them being price competitive on everything to the point of being dominant.
Most Americans live within five miles of a WM Supercenter. That's a huge advantage.
Anyway, I'm not rooting for Walmart to become Amazon. They're already huge. I'm more sharing fears. Haha.
This metro could stop growing right now or even shrink and I'd be happy.
Most Americans live within five miles of a WM Supercenter. That's a huge advantage.
Anyway, I'm not rooting for Walmart to become Amazon. They're already huge. I'm more sharing fears. Haha.
This metro could stop growing right now or even shrink and I'd be happy.
This post was edited on 1/22/20 at 10:21 pm
Posted on 1/23/20 at 2:35 pm to Numberwang
quote:
But not to do one-day shipping and make a profit doing it. That's where all of this is heading. Same day grocery delivery and next-day on everything else.
Unless I am mistaken, and I probably am, the Amazon that we all think of is barely profitable. By which I mean the goods shipment and so on. But they made 30 billion last year you say. How can that be?
Where they are stacking dollar bills to the heavens is their web service business. They invested heavily in cloud servers and hosting web servers and so on. They are churning out money like they are printing it from that aspect of the business.
In a way the Amazon that everyone thinks about is the icing on the cake. It is colorful, it is what everyone notices first, and it gets all the press attention while the actual cake is everything else that they do.
Amazon.com could shut down tomorrow and they'd still be making ungodly amounts of money.
Posted on 1/24/20 at 9:58 am to Harry Rex Vonner
quote:
He said he thinks we (those same two counties) will be a million by 2025
I've heard this as well. Plus the occasional rumor of some other large companies moving into the area. We don't have the infrastructure to support that type of growth, aside from the fact that rate of growth couldn't happen organically.
The past 10 years have seen more growth in the area than I care for. I also can't stand the fact every vacant street corner, which are fewer by the day, are throwing up apartments and condos.
Posted on 1/24/20 at 11:41 am to Mason Dixon Swine
Also, there's these article, including one from today in the Commercial Appeal about will Amazon or Walmart acquire FedEx. It isn't coming out of left-field. People are discussing it as a possibility, if not a probability.
LINK
Commercial Appeal
LINK
Commercial Appeal
This post was edited on 1/24/20 at 11:44 am
Posted on 1/24/20 at 11:47 am to GoldenSombrero
quote:
I've heard this as well. Plus the occasional rumor of some other large companies moving into the area.
Bruh, Walmart already keeps multiple THOUSANDS of technology jobs in California and Texas, simply due to there not being a large enough talent-pool locally to staff them.
They could announce they're dropping 4,000 tech jobs into NWA tomorrow. It'll happen someday. They aren't pumping all this money into local amenities for nothing. They're doing it at least partially to attract the best talent.
Posted on 1/24/20 at 4:23 pm to wmr
Colt 45 and brown paper sack
Home Depot parking lot
Home Depot parking lot
Posted on 1/25/20 at 9:04 am to Harry Rex Vonner
quote:
Colt 45 and brown paper sack
I dunno, that isn't fancy enough for my taste. I'm more of an Olde English type. You want to add that element of class after all.
Posted on 1/26/20 at 4:21 pm to yatesdog38
quote:
FedEx isn't moving to Arkansas either. That would require moving roughly 20k people plus building a multi-billion dollar airport. Memphis is the second largest cargo airport in the world and the largest in the U.S. Fred Smith and crew founded and started it in Memphis.
The Airport in LR is going through a large expansion with plans to get even bigger.
Not saying it's related but the timing lines up. I've also heard rumors of someone buying up the land around it.
Posted on 1/30/20 at 12:26 pm to boogiewoogie1978
quote:
The Airport in LR is going through a large expansion with plans to get even bigger.
Not saying it's related but the timing lines up. I've also heard rumors of someone buying up the land around it.
Probably some politicians brother. Then will turn around and sell it for 10x the original investment for some taxpayer funded project.
Posted on 1/30/20 at 12:33 pm to Numberwang
quote:
Bruh, Walmart already keeps multiple THOUSANDS of technology jobs in California and Texas, simply due to there not being a large enough talent-pool locally to staff them.
No I get that. But to your point, we don't have the talent and frankly can't support that type of growth.
The only drawback to our current local economy is wage suppression. As an executive once explained to me. There are too many over qualified people in the marekt. Said lots of people get transfered here with the plan they move up the corparate ladder and head back to HQ for a promotion in the future. BUT people move here, like it, and then don't want to move back. I had never thought about it before but made sense.
However, those are all mid-level mgmt type positions. Walton College of Business has helped churn out plenty of business grads, but definitely need to see some growth on the tech side.
Posted on 1/31/20 at 10:10 am to Harry Rex Vonner
A sibling lives in Washington county. I have visited several times and like that area a lot.
It does concern me and a lot of other people that Californians are moving into the South like crazy. Don't blame them for leaving California but don't bring your liberal politics with you. California, NY and Illinois are probably the worst managed states in the country. There are others.
It does concern me and a lot of other people that Californians are moving into the South like crazy. Don't blame them for leaving California but don't bring your liberal politics with you. California, NY and Illinois are probably the worst managed states in the country. There are others.
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