Archive for the 'Economics' Category

WHY DIDN’T WALMART’S REVENUES CLIMB…?

Wednesday, April 13th, 2016

Last week I noted that for the first time in decades, Walmart’s revenue failed to keep the Bentonvile Behemoth at the top of the retail food chain. Analysts are spinning their own take on the event and Daniel Jennings, opining in Why Aren’t Low Prices Helping Wal-Mart’s Revenues? for Seeking Alpha offers this long list: […]

WALMART NO LONGER LARGEST RETAILER…

Thursday, April 7th, 2016

Walmart is no longer king of the hill in the retailer universe, and the Bentonvile Behemoth didn’t lose that coveted spot to Amazon. No, the new behemoth is China’s Alibaba Group. There is no hint of this at present, but I have to wonder if the retailer famous for importing cheap plastic crap from China […]

WALMART LOSES PENNSYLVANIA APPEAL…

Tuesday, April 5th, 2016

Good news for Walmart workers in Pennsylvania. Robbie Neiswanger, writing in High court rejects Wal-Mart appeal for Arkansas Online, reports: The U.S. Supreme Court denied a request from Wal-Mart Stores Inc. to review a class-action lawsuit ruling that requires the retailer to pay Pennsylvania employees nearly $188 million. Wal-Mart petitioned the Supreme Court on March […]

AS THE RATS SCRAMBLE THRU THE HAWS PIPE…

Sunday, April 3rd, 2016

Given the news last week regarding Walmart annual sales (lack of) growth, a reasonable person might expect that investors would look elsewhere growth opportunities. Four news items today, however, shine light on how Wall Street makes money for itself: by buying and selling the same stocks. First up is Gould Asset Management which: reduced its […]

ARE THE CHICKENS COMING HOME TO ROOST…?

Saturday, April 2nd, 2016

While reading this morning I found Brian Feroldi over at The Motley Fool. I expected a follow-on this week’s news that Walmart failed to post annual sales growth for the first time since the company went public 45 years ago. That wasn’t what I found however in 3 Dividend Aristocrats We Will Never Buy. Feroldi […]

APRIL FOOL’S…? NOPE…

Friday, April 1st, 2016

Shelly Banjo reporting in Wal-Mart’s first-ever sales drop marks the end of an era for Bloomberg News, writes: For the first time ever—or at least since the company went public some 45 years ago—Wal-Mart’s revenues shrank from the year before, according to its annual financial filing released Wednesday. Wal-Mart is clearly having trouble adapting its […]

WALMART REPELS PUERTO RICO TAX ATTACK…

Thursday, March 31st, 2016

The celebratory glee in Ian Mount’s lede to his story, Puerto Rico’s ‘Walmart Tax’ Is Illegal, Federal Judge Says for Fortune is worthy of Reuben Rollings’ Hollingsworth Hound. Cue Hound’s archenemy: Lucky Ducky. Puerto Rico is not going to get out of its sorry financial state on Walmart’s dime. A federal judge in the island’s […]

WORKING FOR STARVATION WAGES…

Saturday, November 14th, 2015

One of the strongest weapons in the protest arsenal is the hunger strike. Gandhi used the tactic several times to great effect. British suffragettes attempted to starve themselves in their quest for the vote, but brutal force feeding thwarted their efforts. Irish freedom fighters, lead by Bobby Sands, did starve themselves to death protesting England’s […]

ANOTHER SOURCE OF STRESS FOR WORKERS…

Monday, October 26th, 2015

More than eight years ago we wrote about the evils of Wal-Mart’s on-call scheduling system for workers. The system may have changed—I certainly hope so—but one of my favorite writers on all-topics-productive, Oliver Burkeman, wrote this week about two studies demonstrating the high levels of unhealthy stressed induced by uncertainty in work demands. Writing in […]

THE YEAR’S WORST-PERFORMING BILLIONAIRES…

Monday, October 19th, 2015

Oh those poor, poor Waltons. Writing in In biggest ever drop, Walmart loses over $20 bn for Dispatch Times, Newsmedia laments: [Walmart] slid further on Thursday. €82 is the highest target while €57 is the lowest. The blue-chip heavyweight closed with a 10.0 percent loss. South Korea’s Kospi index of shares rose by the most […]

WALMART SUPPLIERS ROAR NO MAS…!

Tuesday, September 15th, 2015

Walmart has squeezed and squeezed and squeezed. Literally strangling American companies until they withered away or fled the country making every effort to please the Beast of Bentonvile. The retail world no longer revolves around Bentonville, Arkansas, however, and vendor no longer roll over and bare their throats line defeated curs. Shannon Pettypiece and Matthew […]

BATTLE OVER CLOSED STORES GOES ON…

Saturday, September 12th, 2015

The stores are reopening, but the labor battle over Walmart’s union-busting ruse is far from over. Reuter’s reports in Unions file new Wal-Mart labor complaint related to store closure that: Unions filed a second labor board complaint against Wal-Mart Stores Inc related to its temporary closure of a California store, claiming the retailer discriminated against […]

WAIT, WALMART HIRED RANDOMLY…?

Thursday, September 10th, 2015

I love the lede on this piece from down under. Kalyan Kumar, writing for International Business Times in Walmart changes labour model: shifts focus to retaining highly productive employees with more investment tells readers: American retail giant Walmart is changing its labour model by ditching its tested model of hiring randomly. It is now trying […]

CAN WALMART BRING TONKA BACK TO THE U.S….?

Wednesday, September 9th, 2015

My brothers and I had more than a few Tonka trucks when I we were still in single-digit. Their sturdy metal construction stood up to serious earth moving in our back yard and many of the vehicles got passed down over the years and are still in good, if battered, shape. Like most toys today, […]

WILL WALL STREET STAY WALMART’S COURSE…?

Tuesday, September 8th, 2015

I think Doug McMillon made a right decision when he redirected Walmart to increase worker pay, but I may be an minority of one and certainly no one on Wall Street agrees. Writing in Wal-Mart Shares Are Plummeting—3 Reasons They Could Fall Even Further Brian Souzi hyperventilates: Since the Feb. 19 announcement by Wal-Mart CEO […]