Setting the mood ahead of tomorrow’s “critical” for the Fed’s September rate hike decision payrolls report, moments ago, WSJ reported that Wal-Mart Stores plans to cut 7,000 back office positions around the country, a restructuring move that in addition to seeking to improve its efficiency, will drastically alter the layout of its workforce, which as recently as a year ago was delighted by WMT’s minimum wage price hikes.
WSJ reports that the country’s largest private employer is eliminating about 7,000 U.S. store accounting and invoicing positions over the next several months, jobs mostly held by long-term employees, often some of the highest paid hourly workers in stores. The retailer wants those employees working with shoppers, not in backrooms, say company executives. Centralizing or automating much of those tasks is more efficient, they say. Continue reading »
Walmart reported relatively decent Q1 results, however one item that was apparent is that costs are still a factor in the business, as operating income was lower y/y even on increased revenues.
We’ve discussed many times the fact that Walmart has been overly eager to boost everyone’s wage in order to appease the living wage crowd, and as a result the company has had to move forward with massive layoffs and store closings to try and mitigate the impact on profits. Earlier this month we also noted that Walmart is testing out drones that when operational, will be able to carry out what once were human tasks in its large distribution centers. This effort will further position the company to be able to shed more labor and benefit expense in the future. That said, Walmart isn’t waiting for the drone initiative to come online. Continue reading »
Wal-Mart Stores Inc. is working with a robotics company to develop a shopping cart that helps customers find items on their lists and saves them from pushing a heavy cart through a sprawling store and parking lot, according to a person familiar with the matter.
Such carts are an emerging opportunity for robotics companies as brick-and-mortar stores look for innovative ways to match the convenience of Amazon.com Inc. and other online retailers, said Wendy Roberts, founder and chief executive officer of Five Elements Robotics. Continue reading »
We may not have the exact numbers yet, but in a filing with the SEC on Tuesday, China’s online retail behemoth Alibaba Group announced that it had “become the largest retail economy in the world” at the end of its fiscal year on March 31, “as measured by gross merchandise volume (GMV) on its China retail marketplaces.” As IBT notes, the company has yet to declare its financial results for its last quarter and the complete fiscal year, but the announcement makes it clear that BABA surpassed the $482.1 billion in 2015 revenues reported by Wal-Mart Stores Inc. for its fiscal year ended Jan. 31. To wit: Continue reading »
Last week, WalMart doubled down on the wage hike debacle when the world’s largest retailer decided to give everyone a raise in February.
The all-in cost will be around $2.7 billion. While some were surprised at the move, it was easy to see coming. Indeed, we’ve long said that the company’s decision to hike wages for its lowest-paid employees would eventually necessitate similar raises for workers higher up the corporate ladder. Continue reading »
The last 12 months have not been kind to WalMart.
When the world’s largest retailer bowed to pressure to raise wages for its lowest-paid employees, the living wage crowd cheered. In short order, it became apparent that the reverberations from the $1.5 billion endeavor would spell trouble for the company. Continue reading »
Peak globalization?Burmese men, women and children are being sold to factories in Thailand – “no names are used, just numbers” – and forced to peel shrimp that ends up in global supply chains.As a recent AP investigation uncovered, U.S. customs records show the shrimp made its way into the supply chains of major U.S. food stores and retailers such as Wal-Mart, Kroger, Whole Foods, Dollar General and Petco, along with restaurants such as Red Lobster and Olive Garden.
Shrimp is the most-loved seafood in the U.S., with Americans downing 1.3 billion pounds every year, or about 4 pounds per person. Once a luxury reserved for special occasions, it became cheap enough for stir-fries and scampis when Asian farmers started growing it in ponds three decades ago. Thailand quickly dominated the market and now sends nearly half of its supply to the U.S.
And the way to keep those prices low enough for a stagnant-wage-earning America… “slavery”
Do you see what happens Larry when Wal-mart succumbs to “progressive” pressure and hikes minimum wage? This: WMT CFO: 2017 RISE IN WAGES TO COST $1.5B; WMT PLANS REDUCTION IN CAPITAL EXPENDITURES THROUGH FY19; WAL-MART SEES FY2017 EPS DECREASING 6-12% VS FY2016. In other words, the company just slashed its 2017 earnings forecast by up to a whopping 12%: the reason – the recent increase in wages. So did the American worker win for once? Alas, no...
– Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000 (ZeroHedge, July 31, 2015):
“Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help.”
The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.
Maybe this picture located near baggage claim at Denver International Airport will make a little more sense after reading this article. Please note the soldier leading people through a tunnel. A tunnel presumably to Walmart? And of course, who could miss the dead child?
– Closed Walmarts Are Micro-chipping and Slave Labor Processing Centers (The Common Sense Show, June 23, 2015):
I think a lot of us in the Independent Media have come to realize is that the key to understanding the depth and breadth of Jade Helm is connected to the goings on at the various closed Walmart stores.
A very clear picture is beginning to emerge as to the end game for closed Walmarts. Walk through this journey of revelation where many of these questions related to the strange happenings at various Walmarts will be answered.
From La Junta, Colorado
I was sent the following email and subsequent videos by Christina Sarro of La Junta, CO. These videos are very telling and provide very strong clues as to the end game of Jade Helm if one knows what they are looking for. Please be patient in these videos. They are raw, on the street reporting and you will have to sift through some irrelevance in order to get to the meet of the matter. These videos are so stunning, that it is very easy to miss just how important these videos are. Continue reading »
Tags: Barack Obama, Depopulation, DHS, Dictatorship, FEMA, FEMA Camps, Genocide, Global News, Government, Homeland Security, JADE HELM, Microchip, Military, New World Order, Obama administration, Politics, Society, U.S., Walmart
– Why Won’t America Fight Back? NWO Brainwashing Techniques Designed to Promote Acceptance of the Coming Genocide (The Common Sense Show, June 22, 2015)
Tags: Barack Obama, Depopulation, DHS, Dictatorship, FEMA, FEMA Camps, Genocide, Global News, Government, Homeland Security, JADE HELM, Military, New World Order, Obama administration, Politics, Society, U.S., Walmart
Full article here:
– World War III, Walmart, FEMA Camps, Jade Helm: A Clergy Response Team Insider Reveals What Lies Aheed (The Common Sense Show, June 23, 2015):
Pastor Mansfield’s “Insider” Revelations
Pastor Mansfield was recruited to become a member of the Clergy Response Team which would operate under the control of NOVAD and DHS. Mansfield’s revelations about his experiences are stunning and concerning at the same time.
Pastor Mansfield attended several briefings and he could barely believe his ears. He learned of the government’s plan to enact martial law as well as to implement forced population relocations. Mansfield emphasized that when martial law is enacted, the enforcement would be immediate. In other words, family members will be separated from each other and part of the training that the clergy received was how to comfort separated family members. Continue reading »
– Wal-Mart Exposed Bottling Water from Sacramento Municipal Supply in the Middle of a Drought (Liberty Blitzkrieg, May 11, 2015):
Wal-Mart is facing questions tonight after CBS13 learns the company draws its bottled water from a Sacramento water district during California’s drought.
According to its own labeling, the water in the gallon jugs appears to come from Sacramento’s water supply.
Sacramento sells water to a bottler, DS Services of America, at 99 cents for every 748 gallons—the same rate as other commercial and residential customers. That water is then bottled and sold at Walmart for 88 cents per gallon, meaning that $1 of water from Sacramento turns into $658.24 for Walmart and DS Services.
– From the CBS News in Sacramento article: Wal-Mart Bottled Water Comes From Sacramento Municipal Supply
We all know there’s a severe drought plaguing much of California. I haven’t focused on this topic much, but I did publish a very powerful post on it last fall titled: Video of the Day – Stunning Scenes from California’s Central Valley Drought. I suggest checking it out if you missed it the first time.
Continue reading »
From the article:
“As 2,200 former Wal-Mart employees struggle to understand how “plumbing issues” could have possibly cost them their jobs literally overnight, and as the Labor Relations Board considers a complaint suggesting the retailer is using “clogs and leaks” as a pretense for retaliating against employees campaigning for workers’ rights, a California city is set to lose 10% of its total tax revenue. Meanwhile, the plumbing mystery deepens.“
– WalMart’s Mysterious Store Closure Devastates California City (ZeroHedge, April 28, 2015):
Earlier this month, we brought you the short history of worker protests at the Pico Rivera, CA Wal-Mart location. The store has been at the forefront of pickets, walkouts, and sit-ins for some time, with workers staging demonstrations every year since 2012, the latest of which came in November of last year and resulted in the arrest of two dozen workers. The employees — whose grievances generally revolve around wages, working conditions, and retaliation — have been supported by The United Food and Commercial Workers International Union or, UFCW, which last year prevailed in a Canadian Supreme Court case against the retailer stemming from a decade-old incident in Quebec when Wal-Mart closed a location after workers voted for UFCW representation. Continue reading »
I want to thank Stephanie for the footage, Pictures and info.
She filmed this at the Pico Rivera California Walmart Location That recently Closed for suspicious reasons. Walmart had never contacted the County to get permits for Plumbing work. They have now covered the windows with black tarp, surrounded the place with cops and built a wall up inside so no one can see whats going on past the Pharmacy area. Why would All this be going on for PLUMBING? Plus Cops at the receiving dock at the back!
Questions remain, but thanks to folks out there that share their info to let others know what is Really Going On! Stay Tuned for More!
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– Questions Swirl Over Bizarre Walmart Closures (Infowars, April 15, 2015):
Customers, employees skeptical of claim that “plumbing” is reason for shutting down five stores for six months
Employees and customers are not buying Walmart’s explanation that it is closing five nationwide stores for six months due to “plumbing” issues, with questions swirling about the sudden closures that left hundreds of workers unemployed.
Apr 14, 2015
UPDATE: Questions Swirl Over Bizarre Walmart Closures – http://www.infowars.com/questions-swi…
Theories are flying after Walmart stores around the country suddenly announced that they were closing down for six months to deal with “plumbing” issues.
H/t reader M.G.:
“Here are more greedy gut corporations backing a movement to gut worker’s compensation……….disgusting. I would expect this of Walmart, but Nordstrom? I was surprised. Time for boycotting them, too…….as much as I love Nordstrom shoes……….”
– Walmart, Lowe’s, Safeway, and Nordstrom Are Bankrolling a Nationwide Campaign to Gut Workers’ Comp (Mother Jones, March 26, 2015):
Nearly two dozen major corporations, including Walmart, Nordstrom, and Safeway, are bankrolling a quiet, multistate lobbying effort to make it harder for workers hurt on the job to access lost wages and medical care—the benefits collectively known as workers’ compensation.
The companies have financed a lobbying group, the Association for Responsible Alternatives to Workers’ Compensation (ARAWC), that has already helped write legislation in one state, Tennessee. Richard Evans, the group’s executive director, told an insurance journal in November that the corporations ultimately want to change workers’ comp laws in all 50 states. Lowe’s, Macy’s, Kohl’s, Sysco Food Services, and several insurance companies are also part of the year-old effort. Continue reading »
– How Wal-Mart Fabricated And Lied About Its “Strong” Chinese Sales For Years (ZeroHedge, Dec 11, 2014):
For many, if not most, companies and especially retailers, the great wildcard that is the “massive” Chinese market with the potential of hundreds of millions of buyers in the country’s nascent middle class, has been a slam dunk when it comes to boosting stock prices. After all, what can go wrong? America’s largest retailer was one of those hoping to capitalize on just this shareholder euphoria for Chinese exposure, and just like everyone else, it milked its Chinese exposure for many years. And then, unexpected everything did go wrong: as Bloomberg explains, “After years of heralding China as one of its best markets, Wal-Mart in August said its performance there was among the worst in its major countries.”
How is that possible? Continue reading »
– Second Company Admits “It’s Not The Weather” – It’s The Economy, Stupid (Zerohedge, July 10, 2014):
On the heels of Wal-Mart’s dismissal of the “great” jobs report, The Container Store CEO yesterday explained how Q1 weakness was “not just the weather” but an overall ‘funk’ in consumer spending. Last night we had a second firm – the much more integrated into the housing recovery, Lumber Liquidators – come out with some heresy about Q2 bounce backs and the weather…”demand strengthened for 30 days beginning in mid-March. But in May demand slowed and further weakened in June. We were somewhat surprised by the magnitude of the continued weakness in the stores designated as impacted by weather in the first quarter.” There goes Q2 GDP…
Q2 was worse that Q1!! Continue reading »
– Walmart Pre-Crime Treats All Customers Like Criminals (The Daily Sheeple, May 26, 2014):
Walmart Pre-Crime treats all customers like criminals…but won’t/don’t stop real shoplifters.
Gone are the days of “Thank you, come again (we appreciate your business).”
Instead, today’s box stores target average customers as potential criminals, subjecting them to post-checkout screenings.
Because… somehow, RFID-tagged & tracked merchandise, ubiquitous security cameras from every angle inside and outside the store, security personnel, police officers and metal detectors at the door just aren’t enough. Continue reading »
– As Goes Walmart, So Goes America: “Major Holes Are Starting to Form In Its Business” (SHFTplan, May 23, 2014):
If there’s one indicator of the state of the global economy it’s consumer purchasing on the retail level. And if there’s one retail company to watch as a prelude to what comes next it’s always been Walmart. Known for low prices, low wages, and multi-billion dollar profits, the world’s largest retailer is struggling.
According to a recent report from Motley Fool, the behemoth’s same stores sales in the U.S. have dropped precipitously and internationally they have outright collapsed, signalling serious trouble ahead. Continue reading »
– Peak Stupidity: Argentina Fines Walmart For Violating “Fair Price” Pact, Urges Citizens To Denounce “Evil” Retailers (ZeroHedge, Feb 16, 2014):
We take certain liberties with this title: we realize that since one is dealing with human individuals, particularly human individuals stuck in an insolvent, soon to re-default nation, stupidity can never peak per se, as the next day will without doubt bring some peak-er instance of even more profound idiocy. However, at this particular moment, this may be it.
– THE RETAIL DEATH RATTLE (The Burning Platform, Jan 19, 2014):
“I was part of that strange race of people aptly described as spending their lives doing things they detest, to make money they don’t want, to buy things they don’t need, to impress people they don’t like.” – Emile Gauvreau
If ever a chart provided unequivocal proof the economic recovery storyline is a fraud, the one below is the smoking gun. November and December retail sales account for 20% to 40% of annual retail sales for most retailers. The number of visits to retail stores has plummeted by 50% since 2010. Please note this was during a supposed economic recovery. Also note consumer spending accounts for 70% of GDP. Also note credit card debt outstanding is 7% lower than its level in 2010 and 16% below its peak in 2008. Retailers like J.C. Penney, Best Buy, Sears, Radio Shack and Barnes & Noble continue to report appalling sales and profit results, along with listings of store closings. Even the heavyweights like Wal-Mart and Target continue to report negative comp store sales. How can the government and mainstream media be reporting an economic recovery when the industry that accounts for 70% of GDP is in free fall? The answer is that 99% of America has not had an economic recovery. Only Bernanke’s 1% owner class have benefited from his QE/ZIRP induced stock market levitation. Continue reading »
Imagine what these people will do in a total economic collapse situation when there will be no food available.
– Mobs, Stampedes, Fights, Brawls, A Stabbing And Shooting: A Video Compilation Of Black Thursday 2013 (ZeroHedge, Nov 29, 2013):
That greatest of all American traditions – the Black
FridayThursday stampede, this year accompanied with a stabbing and a shooting, is back. A quick review of all readers may have missed by not lining up in droves outside of stores that were selling products at just above cost instead of the usual massive pre-Thanksgiving markup, via the Mail:
- The rush for Black Friday bargains has resulted in outbreaks of violence as shoppers clash over reduced price goods
- Police in Virginia have reporting a stabbing incident after two men got into a fight in the car park over a space
- Shoppers cutting in line sparked a Black Friday Brawl at another Walmart
- Some retailers opened their doors as early as 6am on Thanksgiving Day
Some details before we get into the documentary evidence:
A man has been stabbed in Virginia, a shoplifter has been shot by cops in Chicago and brawls have broken out across the nation as shoppers clash in a scramble for the best Black Friday bargains.
Listen to Gordon Duff here:
– Only rich Americans ‘deserve to live’ (PressTV, Nov 19, 2013):
American journalist Gordon Duff says the US economic problems have turned it into a country where only rich people deserve to live decent lives.
“People who have money no matter how they got it, dealing drugs, prostitution, kidnapping children off the street, taking kickbacks from contractors….they deserve to live,” Duff told Press TV on Tuesday.