Archive for October, 2006

Target Corp. Rises on Berkshire News

Tuesday, October 31st, 2006

Business wizard Warren Buffet caused a flurry today when he revealed that he has taken a stake in Target. Story Berkshire Hathaway’s stake in Target was worth $268.8 million as of June 30, according to a Securities and Exchange Commission filing dated Oct. 30. Monday’s filing is the first to name Berkshire’s holdings in Target, […]

The Politicalization of Wal-Mart

Tuesday, October 31st, 2006

Crisisblogger Gerald Baron, who is quoted in the Business Week story I wrote about earlier today, offers the choice bits of his interview the Business Week reporter didn’t put in her story: It’s the gems that got cut you always grieve. Like the fact that what makes this a reputation crisis of significant proportions is […]

You call that “value?”

Tuesday, October 31st, 2006

Richard Edelman talks (yet again) about Walmartingacrossamerica at ITWorld.com this morning. There’s not much new here, except at the very end: [T]here’s a group of bloggers who don’t like PR people being in the blogosphere. I fundamentally disagree with them. I think we add value. I think we are a good bridge to companies who […]

“[P]aid for solely by Wal-Mart”

Tuesday, October 31st, 2006

This Business Week article is kind of a review for everybody who reads this blog. It starts with the Terry Nelson story and moves backwards. However, some of the analysis is really interesting in its own right. Take this part, for instance: Wal-Mart has a “reputation crisis,” says Gerald Baron, founder and president of AudienceCentral, […]

PATIENCE HELL…! WE WANT OUR MONEY NOW…!

Tuesday, October 31st, 2006

After its disappointing sales figures put a frown on Wall Street, Wal Mart isn’t waiting for the traditional retail bustout the day after Thanksgiving. Screw Black Friday, Wally World wants its money now. I got the ad above yesterday. And it was just a warning shot. From CNN Money: It looks like Wal-Mart — after […]

WAL MART SOURING WALL STREET…

Monday, October 30th, 2006

Surfing through the Wal Mart stories I sense a pattern, and it’s one that the Bentonvile Behemoth isn’t going to like. Following closely on the heels of the company’s very disappointing October sales figures everyone is talking about how Wall Street is reacting: and the news ledes aren’t good. From Business Week: Stocks Mixed amid […]

The fault, dear Wal-Mart, is not necessarily in our suppliers, but in ourselves.

Monday, October 30th, 2006

Tom at TerraBlog summarizes a talk by Wal-Mart executive Jim Stanway, who leads their Global Greenhouse Gas Strategy Team: Wal-Mart’s carbon footprint is 19.8 million metric tons. Stanway estimates the carbon footprint of Wal-Mart’s supply chain at about 200 million metric tons, “a much bigger pool to go fishing in.” Zoom out a step further […]

SAVING THE TORTOISES…

Monday, October 30th, 2006

Last December Jonathan brought us the story about Wal Mart’s purchase of a $22,628 permit to pave over the burrows of five endangered gopher tortoises in North Palm Beasch County, Florida. The news out of Florida this morning is good. From The Associated Press: Last month, as local opposition to the proposed store heated up, […]

Why Wal-Mart Will Always Have an Opposition

Sunday, October 29th, 2006

West Virginia University economists Russell S. Sobel and Andrea M. Dean have a paper out called “Has Wal-Mart Buried Mon and Pop?: The Impact of Wal-Mart on Self Employment and Small Establishements in the United States.” [I can’t tell exactly how new it is, but you can download it in .pdf format here.] They argue […]

“a mosquito on the back of an elephant”

Sunday, October 29th, 2006

You can read about Dolores Hummel, the lead plaintiff in the Pennsylvania class-action suit against Wal-Mart, in the Reading Eagle. Dolores was employed by Sam’s Club for ten years. She was a cake decorator that worked 8-12 unpaid hours per week. But I just knew that we weren’t being treated fairly, and I just thought […]

FIVE THINGS TO CONSIDER…

Sunday, October 29th, 2006

In the nearly two years I’ve been blogging about Wal Mart, one the things that has kept me going has been the way real, everyday-people get it; how they understand what a Wal Mart will mean to their community. Real people like India Johnston: As I leave the Shore to return to the fast pace […]

CASH IT THERE… SPEND IT THERE…

Sunday, October 29th, 2006

That’s the way it suppossed to work, of course. No need to stop at that pesky bank and actually deposit anything into your saving’s account or maybe set a little aside for the kids’ college education. But then, if you’re a Wal Mart worker… From yesterday’s Fitchburg, Massachusetts’ Sentinel and Enterprise: The state Division of […]

WALING OFF ACROSS AMERICA…

Sunday, October 29th, 2006

In the same week that President George Bush signs off on the plan to build a 700-mile-long wall fence along the Mexican border, the Crookston, Minnesota, Daily Times runs this construction photo of the Wal Mart Supercenter going up there. Kind of reminds you of that whole Berlin thing, doesn’t it? Jeff Hess: Have Coffee […]

BYE, BYE SMILEY…?

Sunday, October 29th, 2006

Buried in a Chicago Tribune story about Wal Mart’s new advertising agency Draft FCB was a quote from Julie Roehm, Wal-Mart’s senior vice president of marketing communications and the executive running the agency review. The fate of the famous yellow smiley face is an “open question,” she said. Wal-Mart toned down its use in ads […]

THE WOLF IN SHEEP’S CLOTHING…

Sunday, October 29th, 2006

Sometimes you couldn’t make this stuff up if you tried. Wal Mart’s new, $500 million-per-year advertising agency Draft FCB thinks it can turn the Bentonvile Behemoth into a folksy Mom ‘n’ Pop store. According to Sandra Jones at the Chicago Tribune: Wal-Mart Stores Inc., the world’s largest retailer, wants to “think small” and has hired […]