Archive for December, 2008

Somehow, this seems appropriate for many reasons.

Wednesday, December 31st, 2008

WALMART WEDNESDAY: OPEN THREAD…

Wednesday, December 31st, 2008

How do you really feel about Walmart? Here’s your chance to express your true feelings — pro and con — about the world’s largest retailer. Write whatever you like in the comments section and engage your fellow readers in the conversation. Jeff Hess: Have Coffee Will Write.

The Dominoes Fall

Tuesday, December 30th, 2008

The fallout from the downturn continues (as Jeff predicted below): Parent Company, a Retailer, Files for Bankruptcy On Monday, the Parent Company, an Internet retailer of children’s products, had the dubious distinction of apparently becoming the first well-known retailer to file for Chapter 11 bankruptcy protection after Christmas. The company made the filing along with […]

NO JOBS WILL BE LOST… REALLY…?

Tuesday, December 30th, 2008

Corporate spokespersons lie. They do it so often and with such sincerity that even they no longer recognize that they are lying. Consider an announcement concerning a Walmart supercenter in Moraine, Ohio (southwest of Dayton). From WHIO TV: The 24-hour Wal-Mart superstore in Moraine announced that it is closings its doors during the overnight hours, […]

WALMART LOVES MISERY IN RUSSIA…

Tuesday, December 30th, 2008

It’s been nearly two years since I first posted about Walmart’s interest in the Russian retail market. President-elect Barack Hussein Obama’s campaign for the White House, launched about the same time, moved more quickly. But I don’t fault Walmart for extreme caution in this case. Great opportunity and even greater danger is there for the […]

Walmart loves human misery, Part 8421.

Monday, December 29th, 2008

From ABC: Wal-Mart shoppers have seen their paychecks drop an average of 3.6 percent in the last year while their average credit card debt has reached $9,800, according to company data, while inflation has pushed prices up almost 5 percent. With credit tight and home prices down on average 9 percent, most can no longer […]

Walmart in Good Company

Monday, December 29th, 2008

Some firms thrive in a downturn. This article lists some of them: The Beneficiaries of the Downturn So we at breakingviews.com developed the Poor Getting Poorer Index — a basket of 22 equal-weighted stocks that includes the retailers, white-label manufacturers, repossession agencies, dollar stores, pawnshops and other public companies poised to capitalize on rising poverty. […]

HOW GREEN IS YOUR WALMART TOILET SEAT…?

Saturday, December 27th, 2008

What does anyone care about a future they can’t see? I once read that what separates humans from the rest of the animals is our ability to sacrifice today so that tomorrow looks brighter. That’s a bunch of horse pucky. Jeff Hess: Have Coffee Will Write.

The perennial question.

Friday, December 26th, 2008

Start with this: This is the perennial question, isn’t it? Wal-Mart is so huge that it’s easy to make the argument that any “good” thing Wal-Mart does – from stocking organic food to changing to energy-saving lightbulbs – makes a huge impact. And in a sense, that is absolutely true. But its potential to make […]

Mono a Mono

Friday, December 26th, 2008

What happens when a monopsony meets a monopoly? This: Wal-Mart to start selling iPhones on Sunday Wal-Mart Stores Inc said on Friday it will start selling certain models of Apple Inc’s iPhone on Sunday, but the popular cell phones will not priced as low as some anticipated. Wal-Mart plans to sell the black 8-gigabyte iPhone […]

Walmart workers should send the UFCW a big thank you note.

Friday, December 26th, 2008

We’ve already discussed the Walmart settlement of most of the wages and hours suits against it in this space. Robert called it cleaning up the legal docket for the new CEO. A guy quoted in the Wall Street Journal’s Law Blog goes much further: Paul M. Secunda, an associate professor at Marquette University Law School, […]

WALMART WEDNESDAY: OPEN THREAD…

Wednesday, December 24th, 2008

How do you really feel about Walmart? Here’s your chance to express your true feelings — pro and con — about the world’s largest retailer. Write whatever you like in the comments section and engage your fellow readers in the conversation. Jeff Hess: Have Coffee Will Write.

Another sign of the shifting winds

Wednesday, December 24th, 2008

Starbucks Loses Round in Battle Over Union Starbucks has been losing unionization battles in Manhattan for a number of years and their clearly illegal actions have been working against them. The latest case: A National Labor Relations Board judge ruled on Tuesday that Starbucks had illegally fired three baristas and otherwise violated federal labor laws […]

Walmart Settles

Tuesday, December 23rd, 2008

I think the change in CEO is causing Walmart to try to clean up its legal docket. Wal-Mart Will Pay Up to $640 Million in Settlement Wal-Mart Stores Inc., the world’s largest retailer, will pay as much as $640 million to settle 63 federal and state class actions claiming the company cheated hourly workers and […]

Baby or burrito?

Tuesday, December 23rd, 2008

Today’s must-read is at Boing Boing. Update: This story is a close second.