Everyone has known that the announced additional $1 billion in employee costs to be incurred by Walmart in the coming months would not be paid out of profits and shareholder value. Instead, Walmart has looked to make everyone but itself—suppliers, local governments and employees themselves—feel the pain. Now, according to Chris Bahn, writing in Firm […]
Archive for the 'Recession' Category
Walmart’s decision to raise wages first to $9 and then $10 an hour is already having positive effects on competitors, including Target, but getting even a raise to $20 an hour is not all that great when you work part time with no guarantee, week-to-week, of how many hours you’re going to work and, just, […]
Do Walmart workers make their dollars go further by shopping at their local Dollar General store, or does their employee discount (if such still exists) make up the difference? Why do I ask, you very well may wonder? Because of Phil Wahba’s article entitled: Dollar General’s stellar numbers show lower-income shoppers are still hurting for […]
I love my four dogs and one cat. I get very upset about stories of abused animals. I know that people down on their luck will sacrifice their own health to feed their pets. When the Bentonvile Behemoth makes a donation of pet supplies to an event for those without a permanent address, however well… […]
Viagra For Sale, Would you pay, on average, 19 percent more to shop at Walmart. We've long written here about how Walmart is not the low-cost deal it pretends to be and in the Great Recession, Viagra schedule, Buy Viagra without a prescription, Walmart's primary demographic is catching on that it can live better elsewhere.
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I find the chart fascinating for two reasons: first, that the trend was a steady downward slide from December 2002 to December 2007; and second, that the slide is even steeper over the past 18 months.
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That's where Walmart should have popped up again. When the largest private company in America drives down wage levels with its obsessive anti-unionism and its 28-hour full time work weeks it should be singled out as part of the problem as well as part of the solution. Too bad Newsweek missed its chance.
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The Christmas, Holiday Shopping, Save Your Favorite Retailer’s Annual Ass season is upon us and Walmart is out the gate running hoping that people will spend their much diminished supply of please-let-me-be happy money in its stores. Good luck with that. From The Associated Press: In what could be an opening salvo, Wal-Mart Stores Inc. […]
On Wall Street there is no such bond as friendship and a company is only as good as its most recent quarterly report, so when the analysts descend on Walmart this week, don’t expect there to be any love to share, specially following five bad quarters. From Reuters: Wal-Mart Stores Inc’s U.S. management will be […]
NPR talks about what it’s like to shop when you’re really poor. No surprise, the story is mostly about Walmart: Wal-Mart noticed that sales were spiking on the first of every month. In a recent conference call with investment analysts, Wal-Mart executive Bill Simon said these midnight shoppers provide a snapshot of the American economy […]
Huffington Post: Wal-Mart Stores Inc. is offering to buy South African retailer Massmart Holdings Ltd. for about $4.25 billion in a bid to jump-start growth beyond its sluggish U.S. business. Not only is there a gigantic rich/poor gap in South Africa, I bet this will be the start of sourcing more food from that continent […]
The Goldman-Sachs talk with Walmart’s Bill Simon is a gift that just keeps giving. Wall Street Strategies analyst Brian Sozzi wasn’t paying as close attention as he should have when it comes to Walmart’s customers. In a note to investors Monday, Sozzi said: Wal-Mart needs to have a store concept that brings in customers more […]
I briefly noted Bill Simon’s underwear-for-Christmas remark earlier, but Al Lewis takes the story up a notch with increased detail but I swear I spewed coffee all over my laptop when I read this statement from Simon. Misery is money to Walmart. Unemployment, we all know, remains mid-9s and doesn’t appear to be going anywhere […]