quarters and not meeting their quarterly sales goals. I'm not sure where you're getting your info. I sure hadn't seen any profit sharing bonuses since the first 2 quarters in 2002...
To be fair (to you), I got it off a news clip off finance.yahoo.com, and simply repeated the figures they had posted, then commented on them, based on my experience "in real life".
was extremely frustrating) BUT that was only part of the problem. There was huge pressure from larger retailers like BestBuy, OfficeMax and the like breathing down our necks because companies like Studio RTA show them product from China which is ridiculously cheap and wanting Bush to follow suit.
Of course it wasn't the only reason. China flooding the market with cheaper products was also part of the reason, I wasn't trying to argue that. I was really just trying to say it wasn't
all off it. I didn't work there, I'm an outsider, but based on what some of the analysts have commented on I had the impression there was a lot more to the company going under than just imported competition.
Sure Bush could have also sourced product in China, but that wouldn't have changed anything as far as putting tons of people out of work and ruining the local economy in Jamestown and the NY Southern Tier area as a whole.
I agree. Often compromises can be made however to reduce costs. Have the screws and brackets made overseas, do the laminate work here. It doesn't have to be an all or nothing type of situation, ever.
I know several employees long term employees with over 15 years of service to the company who had been depending on Bush stock for retirement money and to pay for their kid's college tuition.
I'm going to put my foot in my mouth if I comment. Sadly, those days are long gone. Looooooooooooooooong gone, and its sad.
How would you have felt loosing over $200,000 overnight? I'm just trying to make people aware of how their purchasing decisions affect other people.
I have.
And yes, you are correct, what everyone buys does effect the market place significantly.
However, I believe in value for money. I often purchase an American made, or American assembled product if the price and quality is in the same ballpark. If its radically different, then I put effort into determining the value I'll gain out of the product, versus what I spent.
I do a lot of automotive wrenching as a hobby, and most of my tools are either MAC or Snap-on. Made in the usa, lifetime warranty, not that any of them break.
On the occasions where I need a weird sized socket or other tool I'll never use again, I simply buy the cheapest thing I can get. If I only need it once, why spend four times the price just to have it look pretty on the shelf? I have enough tools like that already. Something I'll use anywhere from "somewhat often" to "constantly", I'll call my mac/snap on guy, the van visits, and I throw my wallet at 'em.
But thats just me, and certainly not necessary the right way for all people. I have a couple of friends that needed wrench sets for car repairs, and they couldn't afford $20 a pop for a wrench, so they purchased one of those "mucho tools in a box made in china" type sets for $70.
I can appreciate both sides of the coin actually...