| Pages:
1
2 |
KurtG
Super Nomad
Posts: 1205
Registered: 1-27-2004
Location: California Central Coast
Member Is Offline
Mood: Press On Regardless!!
|
|
Quote: Originally posted by bajabuddha  | Funny about the 'money laundering' accusations. The way I heard the story, 7-11 was started up by the Tandy Corp. (Big Texas Oil, Radio Shack) to
create a negative-money-flow corporation to help assuage their gross windfall profits they were raking in.... and unfortunately for them, John Q.
Public didn't mind the incredibly over-inflated shelf prices of most goods just for convenience of not having to hit a 'big-store' and stand in line.
 |
Just read the history of 7-Eleven on Wikipedia and no mention of Tandy who was a very interesting guy in his own right.
|
|
|
ignatz
Newbie
Posts: 23
Registered: 5-6-2014
Location: San Jose del Cabo
Member Is Offline
|
|
| Quote: Originally posted by KurtG | | Quote: Originally posted by bajabuddha | Funny about the 'money laundering' accusations. The way I heard the story, 7-11 was started up by the Tandy Corp. (Big Texas Oil, Radio Shack) to
create a negative-money-flow corporation to help assuage their gross windfall profits they were raking in.... and unfortunately for them, John Q.
Public didn't mind the incredibly over-inflated shelf prices of most goods just for convenience of not having to hit a 'big-store' and stand in line.
|
Just read the history of 7-Eleven on Wikipedia and no mention of Tandy who was a very interesting guy in his own right. |
I've actually read a full book on the history behind 7-Eleven (and how it's now owned by a Japanese company) and there is zero truth to the Tandy
rumor.
|
|
|
bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
|
|
| Quote: Originally posted by ignatz | | Quote: Originally posted by KurtG | | Quote: Originally posted by bajabuddha | Funny about the 'money laundering' accusations. The way I heard the story, 7-11 was started up by the Tandy Corp. (Big Texas Oil, Radio Shack) to
create a negative-money-flow corporation to help assuage their gross windfall profits they were raking in.... and unfortunately for them, John Q.
Public didn't mind the incredibly over-inflated shelf prices of most goods just for convenience of not having to hit a 'big-store' and stand in line.
|
Just read the history of 7-Eleven on Wikipedia and no mention of Tandy who was a very interesting guy in his own right. |
I've actually read a full book on the history behind 7-Eleven (and how it's now owned by a Japanese company) and there is zero truth to the Tandy
rumor. |
I do stand corrected; as I first said, "The way I heard the story..." Ain't the rumor mill amazing? I admit, that one is 50 years old. Sorry for
the misinformation.
One non-rumor however is, 7-11's pretty much ran out all the "Mom & Pop" corner grocery stores, including my family's one. Individuals couldn't
compete with Corporate buying power; probably the same with OXXOs. I don't think the little Abarrotes will ever disappear, but some have to be
hurting. It's the price of power of progress.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
|
|
|
chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
|
|
Progress sucks sometimes......jes sayin...
|
|
|
weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
|
|
| Quote: Originally posted by bajagrouper |
I borrowed this from the PV forum. It gave me a good laugh
This came from a news release on a parody website, called "El Deforma": eldeforma.com/2015/…
A quick translation into English:
One OXXO Opens Inside of Another OXXO
--Customers are confused since they operate independently--
MEXICO CITY This morning, the 2,497,108th OXXO store was inaugurated on Revolution Avenue.
This store opened inside another OXXO that was already there, in an empty space it had. Both OXXOs operate simultaneously, but independently of each
other. (This means you can't buy potato chips from one of the OXXOs and pay at the register of the other).
The decision was made after the original OXXO had a great demand from office workers who go there daily for their lunch of Maruchan soup; but
sometimes lose in the register line, if open, the 20 minutes they are given to go to lunch.
"Rather than have another register, it was easier for us to open a new OXXO inside the other OXXO. Of course, the new OXXO will have two employees
like all the others: one who rings up the purchases, and one that tells you they will ring you up at the other register", said Archibald Andatti, CEO
of FEMSA.
With this idea.......................................
If the model works, OXXO will look to continue this idea of saving purchasing costs or rental of premises, and begin to open OXXOs
within 7-Eleven and Extra stores. |
I love this, I wish there were a "like" button.
Every beautiful beach in the world needs a few condo towers - NOT.
|
|
|
Marc
Ultra Nomad
Posts: 2802
Registered: 5-15-2010
Location: San Francisco & Palm Springs
Member Is Offline
Mood: Waiting
|
|
I understand they lose money on every store but make it up in volume.
[Edited on 9-27-2015 by Marc]
|
|
|
bajaunbob
Newbie
Posts: 13
Registered: 1-26-2015
Member Is Offline
|
|
Bingo! That's my theory too. And what about that Liverpool Dept store? If that's not a money laundering operation - I don't know
what is! It looks like a Neiman Marcus store without the customers!
|
|
|
| Pages:
1
2 |
![[*]](images/xmbforum/default_icon.gif){kind=icon}
