Neither does WalMart. I'm not really a big fan, but it is simply *not* the case that they sold products at a loss, drove businesses out of business, and then raised prices. Feel free to provide any evidence that this happens, or stop repeating the lie.
Walmart does usually undercut local prices, of course, but they do so by efficiencies and economies of scale. WM *also* makes many more products available in rural areas than were ever available there before.
There are a decent number of studies that look at WM's impact on local economies, but (if you discount studies done by the AFL-CIO) by and large they show little real impact. And it's not like the wages paid at Kroger are much better than WM wages, either.
Some people also have a false view of what thing were like before WM came to rural communities - the "higher-wage paying" local retailers affected by WM typically had very limited hours (closing at 5 or 6), very little product selection, and had prices 40-50% higher than WM prices (or prices that could be found in a larger community) since they were, literally, the only game in town.
Exactly