Posted on 01/20/2016 1:28:40 PM PST by Citizen Zed
The stock market rarely seems to follow a company’s profitability. Walmart just reported increased profits and up their outlook for the coming year.
communist wing troops boycotting and imposing higher costs and regs against WM...and reducing revenues.....
forces the store to cut costs...
closing some marginal outlets
cutting fulltimers to parttime (shedding the expensive obamacare costs)
more and more automation
less new hiring
more layoffs
o
its a shame because WM provide a lot of jobs (largest private employer in America) which benefits youth and the poor and minorities along with everyone else...
and WM offers a lot of merchandise at pretty good, low prices ... which benefits youth and the poor and minorities along with everyone else, too
but the leftists don’t give a Dammmn about youth and the poor and minorities and everybody else
LOL, yeah.
No WalMart doesn’t turn full timers into part timers.
Turnover takes care of it. All they have to do is not promote people to full time for a few months.
There are quite a number who get employment for six months, and then get intentionally fired so they can go back on unemployment. And not too mention in a lot of places you can collect just as much on the welfare dole as you could working at WalMart
Plus close more stores.
"...WalMart offers a lot of merchandise at pretty good, low prices..."
The shame is. Sam Walton tried to stock his stores with all American merchandise. But that resulted in too many empty shelves. Too much of usa’s manufacturing had already gone overseas. And they wS a long time ago, too It’s even worse nowadays
Some years back I took a beer-money job as a night stocker at Wal-Mart. We were always understaffed and we often complained about it as they pushed us to make up the difference.
I got on good terms with one supervisor and she told me that in the last month they had 30 applicants for those jobs. Twenty-seven failed the drug test, three were hired, two showed up, one changed his mind and wanted day work and the other quit after two nights.
I quit three years later (paid off the new car) and at that time they were still having problems.
Ever since Walmart gave their big minimum wage increase their prices, are outrageous, now basically it’s no different than anywhere else now, back at start of the Great depression, part two back in, 2008 Wal-Mart was God-send at finding good deals on their groceries, but now it’s no more welcome to the Global economy indeed.
Wal*Mart is a house of cards ... trembling. They built their store on taking down their suppiers’ profits. Then the suppliers ran out of profits and went bankrupt (you wouldn’t believe how many Wal*Mart suppliers have gone out of business!). When they can no longer make profit from stealing profit from suppliers, they become what you see. It was bound to happen. Sam Walton would be ashamed of what Wal*Mart has become. Remember when he only sold things MADE IN AMERICA?
Plus close more stores.
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