Posted on 10/14/2015 5:17:15 PM PDT by Red in Blue PA
BENTONVILLE, Ark. — Wall Street rolled back Wal-Mart’s stock price Wednesday after the retailer issued a gloomy outlook.
Wal-Mart said the strong dollar was hurting sales this year and that wage increases for its employees would eat into profits next year.
Shares of Wal-Mart plunged 9 percent to a three-year low on the news.
(Excerpt) Read more at kdvr.com ...
Nope. But the fact that it’s an unforced error is the problem.
Personally IMO/ Wallyworld could dry up and blow away and my happy/sad ratio wouldn’t be negatively impacted. The real issue is the fact that ...
1: You have Obama Business school grads at the controls of a major American company that impacts other companies dramatically.
2: Liberals scored an agenda win and will now continue using the tactics that worked with Walmart to further erode capitalism.
3: America has investors willing to go along with lesser profits to advance a SJW action.
Why is it misguided? Maybe some of these people will come off of food stamps and other govt handouts. Maybe there is an upside? Should I feel sorry for the stock holders who will only get $1.40 per share instead of 1.60? Where is the victim here? Walmart will make 18B instead of 20B should I loose sleep over that?
My son has worked in the produce department at Wal-Mart for two years. He shows up to work on time-actually 5-10 minutes early. On his first day on the job a customer
went to the manager and said how polite and helpful he was.
He now works full time and yes he has gotten a couple of raises and will be at $9.00 an hour.
He has made some good friends and is well liked-we just hope he does not get too comfortable there.
At my son’s store, all of the employees are very polite and helpful.
What you are paying for is the A/C, heat and overhead. The stocker/checker add very little value to the product. Face it how much labor is there in throwing 20 blenders on a shelf and calling it a day? That process adds maybe a penny per blender.
But it does affect me. Like I said if paying the employees more help them get off public assistance, tanf, food stamps etc. It actually benefits me and you.
Can you provide their average Gross Margin and what percentage of that is labor. Or is that a stupid question?
Who needs cashiers?
Automated McDonald’s kiosks one step closer to Edmonton
http://www.630ched.com/2015/07/27/59162/
Sounds like you taught him well kudos to you!
I’ve helped put in a few of those automated checkout stations. I like them even though they can have problems every so often.
As a rule, I don’t go into Wallyworld unless I absolutely have to. Ordering from them is OK.
I'm betting you would.
The young Waltons didn't.
And the stores are still dirty, the staff still only speaks spanish or ebonics, several items on your shopping list will still be out of stock, and the checkout lines still take at least 20 minutes. But its the wage increase that’s hurting them. Yup. That’s it.
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There are 6 Wal-Marts within a 10 mile radius of my house, not one of them is that way. Depends on where you live I suppose.
I heard projected profit will be lower in 2017 due to wage increases and an investment in web infrastructure (online shopping)
Chances are you are a chump stockholder
You have to use common sense and deduce it your self. See corporate America doesn't want you to know things like that; it's secret. Labor and unit costs are controversial for some reason.....
But in this case let's deduce it ourselves. Ok a truck arrives at you local Wally World stuffed full of things not made in America.
Ok a gomer( we'll call our stocker gomer) gets a pallet jack and puts it under the pallet full of blenders and toasters ( all made in China off course). He pumps it up and starts his journey to Wally World's appliance row. His trip takes him 5 minutes to navigate around the fatsos shopping there.
Now the gomer unloads the pallet, it takes him 10 minutes to unload say 50 items. Ok that is all the "value added" from labor. The customer provides the labor on the way out, they pick it up put it in the cart and push it themselves to the ever so efficient and happy check out artists.
So lets say our stocker makes $10/hour. He spent 15 minutes stocking 50 items, or $2.50/50 works out to $.05 per item. Big deal. Lower his wage to $5.00 /hour and you reduce labor per item by 2.5 cents, Oh yeah big time savings on a 40 dollar toaster!
Lighten up Francis. In the big picture of diversified portfolio’s..... Walmart’s loss is another company’s gain. IE Amazon.com. Sales reports say they are killing Wallyworld. Eating the big dogs lunch. Stock prices are wayyyy up. SOOOO in those big ole picture of retirement accounts... it is a wash. Kick’em when they’re up...kick’em when they’re down
The young Waltons didn’t.
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The “young Waltons” are in their late 60s and early 70s
please see my post 37
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