Posted on 10/18/2015 6:56:45 PM PDT by SeekAndFind
Edited on 10/18/2015 8:36:26 PM PDT by Admin Moderator. [history]
The needle approaches the bubble...
Thank God they raised their minimum wage. That’s the important thing.
If people cannot afford to shop at WalMart, this is really, really bad.
They just need to prop this thing up for another 12-14 months. But — you know — if a Republican were to get in the White House, I bet the booming economy would suddenly turn into a house of cards. Darn those Republicans!
Walmart’s online shopping is rather inferior to Amazon, both in variety and presentation. Last month I contended with a vendor of theirs who was charging 38.32 (”Was: $52.18”) for a 1.88’’ x 35yd roll of Gorilla tape, which i had bought previously for about 8.58, the normal price (like at Amazon). And they still have not fixed it: http://www.walmart.com/ip/Gorilla-Tape-6035120-1.88in-X-35yards/15160329
What would you think about Walmart building a super store today, just across the street from an existing Walmart (kind of medium size)?
I have my opinion, just checking it.
“If people cannot afford to shop at WalMart, this is really, really bad.”
You can add McDonald’s to that list.
Not a peep from the MSM - oh, I forgot, a Republican isn’t President.
This statement may be true, but it is also misleading. U.S. companies have been dealing with unusually high inventory levels for most of the year, due to overstocking of merchandise as a defensive measure during the West Coast port strike that ran from last fall through the early spring.
Truck transportation rates are higher in 2015 than they were at any time in the last few years, despite a sharp drop in fuel prices. If freight volumes were really down, then I would expect these rates to be dropping through the floor.
May its all scare. We are seeing recovery. New construction, defaulted developments selling lots again. Maybe there is enough recovery that some people no longer need to shop there. It is not a pleasant shopping experience, thats for sure.
Come out of a walmart and wonder just what has happened to America-—humanity.
Maybe Dollar General (ugh) is better? Can run in a and run out
and not have to hike a 20 acre floorspace and 40 acre parking lot? All the super walmarts are WAY out on the outskirts of town.
Everything in walmart is china-made..same for dollar general.
So why would economy shoppers bother with wally? There a DG on every rural intersection.
Costplus World Market store near me is putting out Christmas stuff already and discounting Halloween stuff.
“Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart”
Nope. Just a sign Walmart is rapidly falling apart. Fool bean counters are now running Walmart, and they can’t figure out that people quit shopping there because they refuse to keep the shelves stocked and open enough checkout lanes.
It’s why I quit shopping there for groceries for those reasons. Mondays are the worst as they refuse to run trucks on Sunday, so the shelves are stripped bare on Monday. Even normally, they refuse to fully stock the shelves, and yeah, open checkout lanes too.
The local grocery stores here long ago learned to compete with Walmart by lowering their prices and increasing their service; at least the Kroger-owned store chains here have figured that out. They’re packed to the rafters all the time now around here and have all their checkout lanes going full blast, while over at the Walmarts it’s basically SleepyTown.
Walmart said the decrease in earnings forecasts were the result of their wage increases and they have always been pretty blunt about economic trends based on their own internal measurements (a sizable amount of data).
This may be a perfect example of how deceptive media can be. This piece and another both saying different things.
Here is the thread from yesterday linking an Investor’s Business Daily Report using this stock price drop to show how the democrats minimum wage agenda will negatively impact businesses.
http://freerepublic.com/focus/f-news/3349923/posts
This article says the stock price drop is proof of how bad the recession is.
Goes to show - use discernment when reading “news”. I suspect the truth is somewhere in the middle - part labor costs and part sputtering economy.
In one Walmart, there’s steady customer traffic in groceries and drugs, but not much in the other departments. Many people tend to be more frugal with age, and there aren’t many jobs for younger folks.
I’m sure that the media will turn around soon enough and blame the new recession on Republicans in Congress who have obstructed Obama’s brilliant plans.
I live near a Dollar General, and shopping there is horrible. It seems they’ll leave one register open until there are fifteen people lined up, then another of the cashier/stockboy/janitors comes over and opens another. They run on a skeleton crew, and the prices don’t seem better than a regular supermarket - lower prices just buy smaller packages of goods.
Very bodega-like, IMHO - and geared towards the same clientele. The pictures online of Wal-Mart shoppers could just as easily have been taken at the nearby DG.
No, we are not headed for another recession, short of a political crisis.
Walmart’s business model has some flaws. They can’t/won’t stock shelves consistently. The customer demographic is often disgusting. The shopping effort to reward ratio is increasing.
Who cares? There’s Costco, Trader Joes and Amazon.
As for recession, we had relentless oil price hikes in 2008 which caused everyone to step back, hunker down and see their finances when the dust settles.
We have nothing like that today.
Wal-Mart has also had to bear the expenses of upward wage pressures and of developing their Neighborhood Wal-Mart line of stores, which tend to have higher marginal operating costs. With this accumulation of ills and overseas growth tapped out, Wal-Mart can no longer command superior stock market performance.
Travelling the interstate highways from coast to coast I don’t see how there could possibly be room enough for any more 18 wheelers than what I am seeing.
I do know that my business is off (mainly due to the downturn in the oil patch) but there are a LOT of goods being moved around and that, to me, translates to a good business climate.
It may be that companies are not meeting projections or achieving goals but “stuff” is being shipped all over the country.
Take it for what you will ...
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