Those writing comments will notice that, thanks to our web sorceress, we now have threaded replies. This means that regardless of the time a reply is posted, it will appear immediately beneath the comment you reply to. This will be a great boon for me, at least. Jeff Hess: Have Coffee Will Write.
Archive for May, 2009
If the penalty for speeding was a penny per mile per hour over the speed limit or a parking ticket would set you back a quarter, what might a reasonable person expect the real world result to be? So why fine Walmart $85 million? From Bloomberg: Wal-Mart Stores Inc., the world’s biggest retailer, won preliminary […]
This is a bit technical, so I’m not going to try to summarize it. I just think it needs to get into the conversation about Walmart specifically. Which is all VERY strange because the folks at the US Federal Reserve, like Greenspan and Bernanke, have worked closely with former Kissinger Associate Timothy Geithner as well […]
Walmart continues to claim that it does not intend to shrink its toy departments chain wide, but writer Lutz Muller stands behind his original story, saying his: example relied on measurements which I personally took… To allege that this was an isolated case is silly. From TD Monthly: Wal-Mart Stores Inc. recently denied “new plans […]
It’s not insider trading. Neither is there any hint of illegal activity. But Forbes reports that Insider Score has tracked two large buys by Walmart insiders — Director Jame Breyer and Executive VP Susan Chambers — after a long period of sell-offs. “Director James Breyer took down $248,000, increasing his stake 4% to 127,000 shares,” […]
Virginia’s Richmod Times-Dispatch asks the question: Are you a Wal-Mart hater who finds yourself shopping at the discount retailers now that money is tight? Remember, it’s OK. Just don’t buy your toothpaste there. Jeff Hess: Have Coffee Will Write.
[Update — 0731, 30 May: Best Price opened. And from Dow Jones:Bharti Wal-Mart Pvt. Ltd. will open 15 wholesale stores in the next three years with an investment of up to $7 million in each store, a Bharti Enterprises executive said Saturday. Bharti Wal-Mart has signed up with 30,000 clients for its wholesale business and […]
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, […]
Politics may make strange bedfellows, but it doesn’t seem to do much for relationships in the light of day given Chicago Alderman Willie Cochran’s example. Cochran is happy to kick Chicago residents not-in-my-ward to the curb for a Walmart superstore. From Chicago’s WBEZ: Superstore for Wal-Mart? What would that bring? Price points, products, groceries. And […]
Well, hammered is probably too strong of a word. Now this is no fault of Walmart, it will pay the maximum OSHA fine allowed in the the Black Friday trampling death of Jdimytai Damour, but a $7,000 fine is grossly out of proportion in an death-causing event. From the Associated Press: “Effective planning and crowd […]
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.
Walmart vehemently denies Toy Directory Monthly’s story that it plans to reduce the amount of space given in its toy department as part of its attempt to make the stores faster, friendlier and cleaner. You can read the whole story at TD Monthly. But what caught my eye was this little tidbit: My take on […]
No, the rioters are not protesting the opening of the Walmart-entrant into India’s market place –although others have — but civil violence in Northern India state of Punjab has convinced the world’s largest retailer to wait a few weeks. From Reuters: Wal-Mart Stores Inc has deferred the launch of its first cash-and-carry store in India, […]
There is perhaps no more important piece of the Sam Walton mythology than his Ford F-150 pickup truck. Even after he was a billionaire, Sam continued to drive the truck now enshrined in Walmart’s vistor center in Bentonville, Arkansas. Clearly Walton’s son Robson didn’t get the memo. Jeff Hess: Have Coffee Will Write.
It seems Green Day is not only doing fine without selling in Walmart, but Warner Music is using this success as a way to refinance the firm. (Talk about the tail wagging the dog!) Warner Music Is Singing Again It also could not have hurt that the label’s latest release by rock superstars Green Day, […]