Saturday, January 23, 2016

Slow Saturday Special: Walmart's Woes

Almost makes you feel sorry for them:

"Walmart plans to close 269 stores

NEW YORK — Walmart said it will close 269 stores, the most in at least two decades, as it abandons its smallformat Express outlets and looks to streamline the chain.

The move by the largest private employer in the United States will affect about 10,000 jobs domestically at 154 locations, according to a statement Friday. Overseas, the effort will eliminate 6,000 jobs and includes the closing of 60 money-losing stores in Brazil.

The plan will affect less than 1 percent of its total square footage and revenue. The move also marks the end of its pilot Walmart Express program, a bid to create a network of small corner stores to compete with dollarstore chains and drugstores.

Walmart will continue its larger-size Neighborhood Markets effort, though 23 poorperforming stores in that chain also will be closed. Overall, the company is still expanding in the United States, adding 69 new stores and 6,000 jobs in January alone....


RelatedIs it a Walmart? Development feud lingers

What about the word NO do they not understand from this quaint and sleepy town?


"Walmart increasing hourly pay, benefits" by Anne D’Innocenzio Associated Press  January 20, 2016

NEW YORK — The vast majority of Walmart’s US employees will get raises as part of the world’s largest retailer’s previously announced commitment to invest in its workforce as it faces pressure from labor-backed groups and seeks to retain workers in a tighter labor force.

The moves mark the biggest changes Walmart has made in its efforts to offer better wages and benefits to its workers.

Here are more details of Walmart’s plan:

They are cutting your hours!