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Wal-Mart Expects Worst Performance in 6 Years in Nov. »
Posted by: Neophile 3 years, 3 months agoWal-Mart Stores Inc., the world's largest retailer, expects U.S. same-store sales to be unchanged this month, which would be the worst performance in at least six years.
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Neophile
I'm a Propeller Scout so if you have any questions or concerns, send me a message and I'll be happy to help.
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Comments: 56
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geographer47
Nov. 2, 2006, 10:55 a.m.For decades Sears, Roebuck and Company was the largest retailer in the U.S., but now it doesn't even own the Sears Tower anymore.
At some point everything stops growing; it's a law of nature. Then something else catches up and may surpass it. Retail life cycles are getting shorter. The question is what's cutting into Wal-Mart's sales? Is it competition or economic conditions?
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Eagle_Eye
Nov. 2, 2006, 12:12 p.m.It would be wonderful to see this corporate giant that is responsible for the down fall of Middle American family business to take a dive!! It is up to the consumer to make it happen.
I personally can't stand to go and shop there anymore, the stores smell, not to mention the bathrooms reeking!! There is no room to move a shopping cart along with hundreds of others through the aisle and the service stinks!! Then there are the PA announcements that are now done in Spanish in Florida!
Once upon a time when you went in the store there were big signs hanging from the ceiling announcing how many American's and American business's they were saving....not true any more.
Continue to boycott "Made in China" and we will make a difference!
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kriicket
Nov. 2, 2006, 1:28 p.m.well, what can you expect when they pull stunts like making their employees work through their coffee breaks and lunch breaks and not pay them or coming up with some lame demerit system for being late...help the ones that don't abuse the system for pete's sake.
You know, I once went in a walmart and asked a lady something, she told me she couldn't help me because she wasn't officially at work...wouldn't even answer a yes or no question.
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1basque1
Nov. 2, 2006, 2:07 p.m.Yea!!! They are shopping somewhere else.I don't feel the least bit sorry for them.They have to share the pie with other business's.
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1basque1
Nov. 2, 2006, 2:51 p.m.I by no means said that I wanted them to fail. They just don't like anybody else to have any business.Not everybody wants to be herded through a store like a bunch of cattle. There is no room to stop and think about your purchase,It is ran like a huge daycare center and all you can eat, graze through the produce section.
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Eagle_Eye
Nov. 2, 2006, 5:16 p.m.Worker: The people that work at Wal-Mart made that choice. If they would all walk out on strike they could get a better pay and benefit package. But Wal-Mart instills fear into their employees so they get no benefits, health or retirement plans. They don't deserve to make money off Americans and treat their American employees like 3rd world countries. And I don't like filthy stinky public bathrooms.
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not2needy
Nov. 2, 2006, 6:48 p.m.I hate target too worker, they are owned by a bunch of French Fags!
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mamasan
Nov. 2, 2006, 3:44 p.m.The walmart near me is a sad and desperate place full of poor people.
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not2needy
Nov. 2, 2006, 6:55 p.m.mama, the only thing i buy at walmart anymore is my paper products, i.e. tissue, towels, and my laundry detergent, and i am seriously thinking about starting to get them at the Dollar General Store instead of walmart, the only reason i still get these things there is because i like to buy in bulk.
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rlgnmksustpd
Nov. 2, 2006, 4:01 p.m.Walmart gained its popularity on the premise of offering basic needs at a better price. It supported and projected a family-like atmosphere for its workers. Then Sam died and greed took over.
I don't shop at Walmart because their policies toward their employees and their vendors border on the sadistic.
I feel sympathy for the people who work at the local Walmart because in this small town, there isn't much choice. Many have to work two jobs just to survive. If Walmart was treating them fairly, I would shop there, but I refuse to contribute to the greedy heirs currently running the company.
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Eagle_Eye
Nov. 2, 2006, 5:21 p.m.I agree, I meet Sam Walton at his North Little Rock Sams club in 1990. You would of never known that this man was a millionaire. He cared greatlyt about the wildlife and environment. In fact he was very generous to Arkansas Game and Fish when wildlife had a need. It is his greedy children that are to blame. The stores should of never gotten so big, Sam would of never let that happen. He was a man of moral values and if he saw his company putting small towns out of business I am sure the company would of gone in a different direction.
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Centinel
Nov. 2, 2006, 6:38 p.m.I beleive that what you have stated is a huge reason that Wal-Mart has begun to fail. When you exploit and abuse your employees they tell their families who in turn tell their friends and other family members and so on. It is called "word of mouth". I think is was inevitable. I coined a phrase recently regarding Wal-Mart integrity. It is: "Wal-Mart's integrity passed away with Sam".
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moxxxxxxxxxx
Nov. 2, 2006, 9:56 p.m.Walmart also gained popularity by selling MADE IN AMERICA too. And as you said when Pop died the greedy heirs took over.
I don't shop at WalMart because their corporate policies rape the dignity of their workers and the American people.
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getreal1
Nov. 2, 2006, 4:12 p.m.Wal-mart is not on a full deck of cards right now. They can hire college graduates all they want for management. Most of these book worms think they are there to look pretty or bark a command. Most of them never did any real manual work in their life. You'll have one Assistant that will help his crew keep the work going by getting down and working with the crew. Then You will have one that walks around badgering the workers, he will stop them dead in their work just to berate them. Write up people to make his higher up think he is doing his job. The one that works gets the ax and the one that doesn't gets a pat on the back. They are always hiring cause there is always people leaving. As long as that permits benefits will not have to be issued. I think we Americans missed the things we used to make because they lasted longer. If they fall It will be for trying to have it all and the bully tactics that they use in and out of the corp.
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Centinel
Nov. 2, 2006, 6:57 p.m.I thought that only happened at my local Wal-Mart. However, they have a new store manager who gets down and works with the peons but will do nothing to improve conditions that are overworking the employees. They are using attrition to reduce the payroll. That means those who remain have to pick up the slack occurring from the attrition without being compensated. The probable result will be more employees lost. They are shooting thenselves in the foot. What about that walkout in Florida over scheduling from Bentenville? Wal-Mart admitted a mistake and claimed to have fixed it. Not so! The Wal-Mart here lost 5 cashiers in one day when Bentenville reduced their hours to 4 per day. That only covered the cost of fuel and left nothing to live on. They realized it was better to take the time to find a job elswhere than to work for only enough money for fuel to collect money for Wal-Mart. I suspect Wal-Mart's exec's were asleep failed economics 101.
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ameliog
Nov. 2, 2006, 4:13 p.m.The Walton family should blame Walmart's downturn on their employees and demand employee pay cuts, then take the savings and pay themselves a larger bonus for excellent management. It's good to be the king. (sarcasm intended)
As usual, the ones who'll ultimately suffer will be the employees. There will be no belt-tightening this Christmas around the Walton households.
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Eagle_Eye
Nov. 2, 2006, 5:24 p.m.Sam Walton was a wonderful man, the heirs are all the greedy ones!!
The owner of Burlington Coat Factory only allows himself to make 300K and profit shares with all his employees.
The owner of Costco does the exact same thing and we can make a difference with our dollars by supporting the companies that support their employees.
What ever happened to "Profit Sharing" by employers??
"EXXON REPORTS RECORD PROFITS"
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heliogunner
Nov. 2, 2006, 5:40 p.m.Well? What the hell does wal-mart expext!! When you deceide to stop layaways you are going to lose business. Million of low income families use the layaway system so they can purchase x-mas presents for their family and spread out the money over a few months instead of having to pay for it in one lump sum.
A very stupid move by wal-mart.
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JackofallChems
Nov. 2, 2006, 6:10 p.m.couldn't happen to a better company. they're all out of business due to Wal-Mart functioning as the primary pusher of slave-labor-produced goods from China. It's too bad Sam Walton never figured out exactly how that currency manipulation thing created slaves out of well-meaning people in China who thought that they were getting competitive wages. I wonder if those slant-eyed suckers are going to figure out any time soon that they are going to make their masters filthy rich for a hundred years in exchange for - in almost all cases - a flush toilet in a public building and a lifetime of serfdom. Oh well, that's what happens when slavery is illegal but nobody expects to have to keep out goods produced by slavery (you know, the really inexpensive ones). What a bummer.
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not2needy
Nov. 2, 2006, 6:45 p.m.I hope the SOB's go bankrupt!
Trying to make their employees vote republican because democrats were closing in on them and trying to make them provide medical insurance for their employees.
I have certainly pulled my support from their store!
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Flashygrrl
Nov. 2, 2006, 6:47 p.m."He cared greatly about the wildlife and environment. In fact he was very generous to Arkansas Game and Fish when wildlife had a need"
That's "amusing" since they just flattened a wetland area in Grand Haven, MI after like, a 7 year battle with the court system. They're putting the store right next to a Meijers, too, just like they did up in Muskegon. So much for "looking out for their competition".
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not2needy
Nov. 2, 2006, 7:05 p.m.Meijers put a store here, right down the street from Walmart.
It is clean, orderly and big enough to move around in and there is enough staff to assist you when you need it.
I like Meijers, plus they sell good name brands, not Kathie Lee Giffords sweat shop trash!
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JenMurdock
Nov. 2, 2006, 9:33 p.m.I used to work for Wallyworld, and it was one of the worst places to work for. They screw with you for doing your job, for one thing, they are a republican mongering company (showing Sammy Walmart shaking hands with Bush 1 during the orientation video points to that), and they started the bad habit of importing cheap Chinese crap. I shop anywhere but WalFart.
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Eagle_Eye
Nov. 3, 2006, 8:23 a.m.They make money because they sell cheap items that the poor people can afford. Buy a clothing item from them and wash it. It is no good any more. Their market is the poor, and if you go there on the first of the month when people get their Social Security checks you will see just who the clients are, poor and ederly.
you can make a difference by not spending there. I don't, and my couple hundred dollars a month along with others does make a difference over all.....see they have profit loss.
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sholay2006
Nov. 3, 2006, 2:05 a.m.I WORKED AT WALMART FOR2 YRS. THEY GAVE ME DECISION DAY WHEN I GOT INJURED. IT WAS JUST A MINOR NECK INJURY. DECISION DAY MEANS WHY WALMART SHOULD KEEP ME AFTER I GET INJURY. I WENT TO DISTRICT AND COMPLAIN AND MY D-DAY WAS REMOVED, BUT THE ASSISTANT MANAGER TOOK REVERAGE ON ME. GIVING ME ANOTHER D-DAY THAT I CURSED IN THE STORE WHILE I WAS WORKING. AND I DID NOT CURSED AND I DID NOT KNOW WHAT THE HELL SHE WAS TALKING ABOUT. SHE TOOK FALSE STATEMENT FROM COUPLE OF EMPLOYEES. THATS THE TIME I RESIGN FROM THAT LOW LIFE COMPANY. STICK THEIR JOB TO THEIR ASS. I WORKED DURING MY BREAK AND LUNCH TIME BY APPROVAL OF ASSISTANT MANAGER AND SUPPORT MANAGER AND ANOTHER MANAGER GAVE ME VERBAL COUCHING.
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GenuinelyAppalled
Nov. 3, 2006, 4:32 a.m.Economist Ravi Batra likened our economy to an ecological system, using the Arctic as an illustration. If you kill off all the wolves, the caribou eat all the grass, and they end up starving; if the wolves kill off all the caribou, they end up starving. Just as Henry Ford's good idea gave us the middle class and a prosperous nation, Wal-Mart's Mexification of our economy is well on its way to destroying it.
Mexico is wealthy enough to take reasonably good care of its citizens; it is just that it has a staggeringly feudal GINI index of 53. America is right up there with China, boasting numbers in the 40s. If you want to see the future, brought to you by the Bush junta, head south of the border.
Shopping at Wal-Mart is slitting your own economic throat.
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LuvMerlyn4Ever
Nov. 3, 2006, 8:13 a.m.JFK
If a free society cannot help the many who are poor, it cannot save the few who are rich.
My father always told me that all businessmen were sons of bitches, but I never believed it till now.
The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty, and all forms of human life.
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palamaComment has been removed: User banned.
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getreal1
Nov. 3, 2006, 7:47 a.m.It does no good in the south to say much of any thing. There is the fire on whim law. The only way that a worker could demand rights and fair treatment is through a union and the union will take more money from the paycheck making it even harder for the employee to pay their bills. The employee is stuck in a catch 22. Some big money had to have passed through some bureaucratic hands to put that catch 22 into law.
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waki
Nov. 3, 2006, 7:52 a.m.I work for Wal-mart, and have for several years. I am paid really well (for my area) and have seen many changes of the company over the last few years. My store is down in help (employees) because it's hard to get people to come in and work varied hours at any time for what the begining pay is now.
When I first started, the supercenters were new to our area and many of us with grocery experiance were getting our pay matched and then upped by a good bit. Not any more though with the new pay scale. Because of the low amount of 'help' in the store, a lot of workers get frustrated because they are being 'pulled' into other areas without spending time in their's and then they get repremanded when their area is a littls disorganized. It does get old.
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Rroht
Nov. 3, 2006, 8:24 a.m.I've worked at Wal-Mart Waki. I have to agree.
They are trying to stretch their workers across the whole store...and then you get in trouble because your area isn't kept up.
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jonmaverick
Nov. 3, 2006, 8:51 a.m.I got all excited thinking I might cash in on Wal-mart's going-out-of-business sale. Then I read the article. They are not talking about sales so much as sales GAIN. Every profitable retailer uses the percent INCREASE in sales from year to year to track business performance. All that means is that Wal-mart isn't expected to sell any more dollars of merchandise this november than it did last november. If I remember correctly, last year was very good for them. The only people who will feel the lack of growth are the shareholders. That is, unless Wal-mart figures out a new way to screw their employees, thus lowering expenses and increasing profit.
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