Posted on 11/16/2012 8:39:19 PM PST by SquarePants
No. We don’t deal with any tangible products. Just data. “Scan Based Trading” is our biggest product. We have an online app and I work Support.
I talked with a few at Hostess a lot.
Stating that the company doesn't have the resources to weather an extended strike, Hostess CEO Gregory Rayburn announced today that everyone's losing their jobs, and the company's assets will be sold. Big win for the union, I guess, but it's a huge loss for the 18,000 workers. Correction. Ex-workers. The most mystifying thing about is that most likely Twinkies and Ding-Dongs and their related products will survive. The product brands will be sold, and we probably won't have to suffer any type of interruption in our Twinkie supply, thank God.The union bosses will still get their paychecks, and go on to bigger and better unions to destroy more jobs. And of course, this is also a stealthy Obamacare story.
This particular union’s bigwigs have now ticked off the Teamsters. Some union on union violence coming? For some reason I couldn’t care less if it does...
Soon to be made in China with melamine added as a flavor enhancer!
Or... government twinks.
This blather totally ignores the insane burden fedgov regulations but on state economies.
Ooops, prev comment posted in wrong thread...
It’s what unions do best.
I could have bought and sold a virtual Twinkie. Too late now.
Googled it. Hey, and I’d not heard of that before.
Scan based trading means that Hostess owned that Twinkie till somebody bought it at the cash register, by scanning as is the modern mode. And here I was thinking that Wal-Mart had bought it wholesale.
The feds tried that with the Mustang Ranch. They couldn’t successfully sell sex and booze. How incompetent does that tell you they are?
Walmart may have - as Hostess doing SBT thru us with WM. Other retailers, though...several others.
I meant “Hostess wasn’t doing SBT thru us with WM”.
Well no, would that not be two different things? If Wal Mart bought the Twinkies outright that were delivered to its warehouse, that’s not scan based trading any more, if Wikipedia’s article on it is correct. Scan based trading happened only when the Twinkies remained in Hostess’ legal possession until a retail customer rang it up at a register and paid.
oh. that’s what i thought.
Which would have given Wal-Mart more freedom to do what it wanted with the Twinkies. Instead of being contracted to do a consignment sale on Hostess’ terms, it owned the Twinkies and could mark them down to clearance shelves near end of code, give them away in promos, whatever.
Walmart is such a big buyer that it already can do pretty much whatever it wants with it’s vendors. Big buyers with clout have onerous rules, and the infraction of said rules causes chargebacks (fines against the cost of the merchandise). So they not only strike a favorable deal based on volume, but can incrementally lower the price all sorts of ways.
yeah, i’d just want to sell them the stuff outright, and let walmart worry about it from there
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