Thank God they raised their minimum wage. That’s the important thing.
I don’t believe for a second that the increase in wages has anything at all to do with what is going on with that company. I don’t know if Walmart is reporting that or some pundits have come out with that. Last week, at their headquarters, they laid off hundreds of people. As a pundit said, there has to be a limit to their growth in final terms, but what is going on now seems to be a decline, not merely reaching a plateau.
It is hard for me to believe it is competition from Amazon that is causing problems.