Walmart

[t.nie]

Do you want to know the truth about Wal=Mart/ Sams Club... My wife works at Sams... $19+ an hr as a cashier. matching 401k... Profit sharing... Blue Cross/Blue Shield Insurance...4 weeks paid vacation... 15% match stock option... and a retirement portfolio I bet few union jobs will touch... wanna tell more lies tnie?

Wow, the way you make it sound, why would anyone be on food stamps working at Walmart? Yet the fact remains, a large percentage of Walmart workers are on food stamps, public healthcare, etc.

I don't doubt for a minute there are a few, very few, who are actually doing very well working for Walmart. This is exactly what the people who formed OUR Walmart say, they treat a few very well, and for most it is a dead end, poverty wage job with part time hours and no benefits.

And I would also tell you this: IF your wife is REALLY JUST a CASHIER, you better start getting your ducks in a row financially, because that is the most ridiculously overpaid and overbenefitted cashier I've heard of in a long time. Sooner or later, someone up the food chain is going to do the cost/benefit analysis on the employees in the store and they WILL decide they can fill her shoes at a chechout for half that money or less and not notice a single pennies loss to the overall store bottom line.

All she is now, IF what you say is true, is a financial liability and it is only a matter of time before she is out the door. Her time is coming, no doubt, and in all likelihood they will jack her around so bad she'll quit, which is exactly what they want so there will be no unemployment. It's coming. I guarantee it.

No checker in America at a Sams Club is worth over $50,000 a year in pay and benefits. Not one.

[TeamGRT12x]

How come red states take more federal dollars than blue states?

[TeamGRT12x]

Wages are based on the arena where the business is. The same place here that pays $14 and hour pays $22 an hour in other areas.

[mudslinger47]

There are markets in the US of A that will support well above average compensation for it's employee's, in this example fork lift drivers. These companies require a competitive advantage such as operating as an oligarchy or have some other barrier to keep competition from entering such as copyrights or patents. Two industries come to mind, the mining industry and the oil and gas fields in North Dakota (I'm sure there are others.)

When a company competes in a competitive market, such as retailing or grocery, then it has to closely watch it's expenses or it may lose competitiveness.

True, in a competitive market or arena, the wages will go up, and understandable, its the market. I saw commercials when I was in South Dakota a few weeks ago for McDonald's workers starting at 15 bucks an hour. No one wants to work in North Dakota, the weather sucks, they'd rather collect unemployment in Cally....

[mudslinger47]

Do you want to know the truth about Wal=Mart/ Sams Club... My wife works at Sams... $19+ an hr as a cashier. matching 401k... Profit sharing... Blue Cross/Blue Shield Insurance...4 weeks paid vacation... 15% match stock option... and a retirement portfolio I bet few union jobs will touch... wanna tell more lies tnie?

My sister has a pretty close deal with Wal Mart too, but I get tired of tellin these "blinded by the light" fools.

Duane

[Extreme Race Cars]

Do you want to know the truth about Wal=Mart/ Sams Club... My wife works at Sams... $19+ an hr as a cashier. matching 401k... Profit sharing... Blue Cross/Blue Shield Insurance...4 weeks paid vacation... 15% match stock option... and a retirement portfolio I bet few union jobs will touch... wanna tell more lies tnie?

[15D]

I see no one answered my question, which is probably the answer to my question....


Ya know, a fork lift operator isn't worth anymore then 8 to 10 bucks an hour, so why would you pay anymore then that for one? (at one point in my life I was one) I have a friend of mine that makes close to 80K driving a forklift. Seriously? And were supposed to compete with other countries for market share?

Same difference for Wally World, they pay their employees what their worth. If you shop Wally World, and I do, there are a fair amount of the employees that are well over paid at minimum wage. And the ones carrying them are the ones being cheated. But thats life, ain't it...

There are markets in the US of A that will support well above average compensation for it's employee's, in this example fork lift drivers. These companies require a competitive advantage such as operating as an oligarchy or have some other barrier to keep competition from entering such as copyrights or patents. Two industries come to mind, the mining industry and the oil and gas fields in North Dakota (I'm sure there are others.)

When a company competes in a competitive market, such as retailing or grocery, then it has to closely watch it's expenses or it may lose competitiveness.

[mudslinger47]

I used to be a manager in the grocery store business. One day the Deli guy and I were talking and his comment was "We have 150 people who work here, if every one of them did their weekly shopping here at roughly $100 a person per week, we are guaranteed our first $15000 of gross before we even open. I don't understand why so many people who work here don't shop here." My reply was it was because most couldn't afford to, the wages in retail were so low industry wide that most people working in retail are the lower earners and have to go where the prices are cheapest. Sad but true. Our workers were not our target market, we aimed to attract a higher earning clientele and our prices reflected the earning potential of our customers.

You may not realize it, but there are grocery chains out there that deliberately price themselves out of the market for the bottom dwellers of the economy because people who are doing well do NOT want to rub shoulders with "the riff-raff" when they go to the grocery store.

Your 100% correct, its called marketing. I do it myself. I know where my place in the market I'm in. As long as I don't stray out of it to much I do just fine. When I mess with the big boys, I get slapped. Nothing personal, its just business.

Duane

[mudslinger47]

I see no one answered my question, which is probably the answer to my question....


Ya know, a fork lift operator isn't worth anymore then 8 to 10 bucks an hour, so why would you pay anymore then that for one? (at one point in my life I was one) I have a friend of mine that makes close to 80K driving a forklift. Seriously? And were supposed to compete with other countries for market share?

Same difference for Wally World, they pay their employees what their worth. If you shop Wally World, and I do, there are a fair amount of the employees that are well over paid at minimum wage. And the ones carrying them are the ones being cheated. But thats life, ain't it...

[15D]

Once Walmart stops growing, expanding, or whatever you wish to call it, it will start to lose market share. Another competitor will topple it from the top.

[15D]

Companies have to continually grow. They do this through a number of ways. Finding new geographic areas to compete is one method. Finding new markets to compete in for the stores that already exist is another.

At some point management will no longer be able to find new geographic areas or markets that works within their business plan. Walmart is to me a "low-price" competitor as opposed to a competitor that competes through product or service differentiation. This will ultimately limit it's ability to innovate (it may take awhile,) because low-price strategy doesn't work for every product or service.

Additionally, while Walmart continues to grow they have the ability to reinvest their earnings as opposed to pay out dividends to stockholders. There are definite tax advantages to growing a business as opposed to maintaining a business at a steady level. Also re-investing Retained Earnings gives a better return on investment to most investors than dividends. Investors have to pay taxes on dividends while they will be exempt from increases in stock price/worth until they sell.

[15D]

If you think Walmart is "inept" in it's management, you're nuts! It is virtually impossible to make the profits they make and run a business of it's size by being anything less than highly skilled at management.

History repeats itself? What does that mean? When is the last time a company comparable to Walmart was replaced by a more nimble one?

I think Walmart's management is at it's zenith today, and will stay that way for at least the foreseeable future. At some point they will decay. Here is a link to an article backing up my assertion:

http://www.chicagobusiness.com/article/20120421/ISSUE01/304219970/sears-where-america-shopped

[LITE-INN]

check out the walmart history hint hint they started out as a small business your just mad they don't want to be inthe union

[t.nie]

waltons must be doing something rightthey have CR@P load of stores and costco is out of the norm for retail

Waltons are ding a great job of depressing the market to the point that they control their suppliers (they buy in such large quantities that no company can say no to whatever they demand) and they dominate and own their workers instore (they pay so little that the people who work at Walmart can only afford to shop at Walmart.)

I used to be a manager in the grocery store business. One day the Deli guy and I were talking and his comment was "We have 150 people who work here, if every one of them did their weekly shopping here at roughly $100 a person per week, we are guaranteed our first $15000 of gross before we even open. I don't understand why so many people who work here don't shop here." My reply was it was because most couldn't afford to, the wages in retail were so low industry wide that most people working in retail are the lower earners and have to go where the prices are cheapest. Sad but true. Our workers were not our target market, we aimed to attract a higher earning clientele and our prices reflected the earning potential of our customers.

You may not realize it, but there are grocery chains out there that deliberately price themselves out of the market for the bottom dwellers of the economy because people who are doing well do NOT want to rub shoulders with "the riff-raff" when they go to the grocery store.

All Walmart's expansion and success shows is more and more people are poorer now than they ever have been. The result is the retail chain for poor people just gets bigger every year.

[LITE-INN]

waltons must be doing something rightthey have CR@P load of stores and costco is out of the norm for retail