Tim Worstall is becoming one of my favorite writers on Walmart. We are polar opposites on the level of the 60 Minutes Point/Counterpoint duo of James J. Kilpatrick and Nicholas von Hoffman, but Worstall does get a conversation going. Like this one headlined: Walmart Is Changing Its Labor Model: How Many Workers Will Lose Their […]
Archive for the 'Costco' Category
I learned a fact about Walmart today that I never knew before: households earning $45,000 a year are the Bentonvile Behemoths sweet spot. Not coincidentally, I’m sure, the most recent figure (2013) for the median household income in the Unites States s $51,939. So, Walmart wants to low-ball the median by just a skosh. Sam’s […]
Two weeks ago I posted a tongue in cheek jab at Walmart for being selected as one of the four worst business reputations with consumes by The Motley Fool. This week Timothy Green throws a life line to the Bentonvile Behemoth by comparing the world’s largest purveyor of cheap plastic crap from China to Costco. […]
This is sarcasm, right? I’ll take this question seriously, though, since I think it’s meant that way: Question: Do any of you WalMart haters have a Costco card? What difference do you see between WalMart & Costco? Costco recognizes a union and pays union wages to its nonunion employees. They also sell a fantastic Irish […]
The Wall Street Journal is on top of the latest infighting amongst the retail industry over health care: The retail industry’s biggest trade group is launching a broad attack against Wal-Mart Stores Inc. for supporting congressional proposals requiring employers to help pay for health insurance, an idea that has gained political currency thanks to the […]
Remember when Costco said it was impossible to accept food stamps at their two NYC locations? Apparently the impossible just became possible. Costco Will Accept Food Stamps at 2 Stores Citing the economic recession, Costco has announced that it will begin accepting food stamps in its two New York City stores — one in Astoria, […]
On many occasions we have pointed to Costco as a firm with better policies that Walmart, but they have really laid an egg with this. Neighbors Use Food Stamps, but Not Costco This October, when Costco, the big warehouse chain, opens its first Manhattan store, it will occupy a brand new mall along the East […]
And that’s a good thing. I’ve written here before about what people do with abandoned Walmarts, but in the news this morning is the story of Walmart moving into an abandoned Costco in Vancouver, British Columbia. Walmart can be educated. From the Daily Commercial News And Construction Record: The Grandview Highway Wal-Mart in Vancouver is […]
Several retailers came out with sales figures. Walmart’s are sufficiently ambiguous that headline writers are still confused. [via NY Times] Objectively sales were (I’ll skip the discussion of “expectations”): The retailer said same-store sales, a crucial measure of performance, increased 3 percent at Wal-Mart and 3.5 percent at Sam’s Club. Including fuel, same-store sales rose […]
From John Lowder: I was in one of the circles of hell, the Wal-Mart on Hanes Mall Blvd., when I spied two signs by the doors to the employee section. One was “motivational” and the other a sign posted above the computer terminals to be used by job applicants. First, motivational: Today’s Stock Quote, 57.67. […]
Jeff Hess: Have Coffee Will Write.
A few years ago Walmart entered into a deal to buy large quantities of farmed salmon from Chile. Here’s a good summary from the time. The Story of Wal-Mart and Chilean Salmon Wal-Mart is not just another customer of farm-raised Chilean salmon. Wal-Mart is either the number-one or number two seller of salmon in the […]
Over at the Consumerist, I see that Costco’s profits are up 31%. They ask: Are you shopping at Costco because you’re broke… or because Costco rocks your socks off? Isn’t it funny that nobody ever asks that about the subject of this blog.
Costco is opening in Colorado Springs next month. That means my family will be able to get quality products at a low price from a partially-unionized workforce. This calls for a musical celebration! [Of course, the clothes at Costco are probably all made in Burma these days, but I’m not planning to buy clothes there.]
The quarterly and monthly earnings reports are starting to emerge and the media is at odds whether the news is good or not. Some head lines: WSJ -“Retailers Post Weak Sales, Cut Growth Expectations Wal-Mart Boosts Earnings Outlook” NYT – “Retailers Report Sluggish September Sales” Bloomberg – “Wal-Mart Boosts Third-Quarter Forecast After Cutting Expenses ” […]