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A sign of the times


 
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howdy1960
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Joined: 15 Jul 2012
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PostPosted: Fri Jan 12, 2018 9:18 am    Post subject: A sign of the times Reply to specific post Reply with quote

Just on the news: the only local Sam's Club is closing this month.
Wonder if the 5 or 6 Walmart Super Centers within 20 miles had any impact on this?
They attacked and closed all the little guys now they are attacking and closing themselves.
I'm calling this "A FAIL" lol
 
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Adirondack case guy
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PostPosted: Fri Jan 12, 2018 9:24 am    Post subject: Re: A sign of the times Reply to specific post Reply with quote

They said here on the news that many will be converted into WM on line shipping centers. Not all a loss.
Loren
 
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sourgum
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PostPosted: Fri Jan 12, 2018 10:15 am    Post subject: Re: A sign of the times Reply to specific post Reply with quote

Wal Mart has 1.4 million US employees. They are supposed get a 2 dollar per hour wage increase according to news reports plus some are getting 1,000 cash bonus. The wage increase alone equals an 11 million dollar cash infusion into the US economy thru WM employee paychecks. Those employees can buy more cars, appliances, homes, vacations and on and on with that increased paycheck where they live. The Sam's Club folks can transfer their employment to a Wal Mart when they are hiring. Sounds like a smart move for the company, the employees, and the economy.
 
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bradley martin
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Joined: 05 Aug 2007
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Location: London, Ontario Cananda

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PostPosted: Fri Jan 12, 2018 11:17 am    Post subject: Re: A sign of the times Reply to specific post Reply with quote

Apparently, Walmart on line sales are doing extremely well. Their shares hit an all time high this week, so I would hesitate to call it a "fail".
 
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Traditional Farmer
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PostPosted: Fri Jan 12, 2018 12:09 pm    Post subject: Re: A sign of the times Reply to specific post Reply with quote

What sort of Army does Walmart and Sams use to 'attack' other stores? Capitalism is all about people/companies trying to come up with better ideas and be more efficient to offer better service at a better price.You got a problem with that? So now in your area the other stores can go back to lousy service and raise their prices to make you folks happy. Personally I like my area better
I have 2 Super Walmarts,a Sams(that is staying open),a Costco,Tractor Supply,2 Lowes stores and dozens of small stores and restaurants I can drive to in less than 15 minutes and hope all of them do well and would
hate to see any of them fail.
 
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Charlie M
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PostPosted: Fri Jan 12, 2018 12:24 pm    Post subject: Re: A sign of the times Reply to specific post Reply with quote

That's what competition does. Walmart got a lot of little guys and now Amazon is after Walmart. Eventually someone will come up with something that gets Amazon.
 
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Moonlite37
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PostPosted: Fri Jan 12, 2018 1:36 pm    Post subject: Re: A sign of the times Reply to specific post Reply with quote

Would a big company closing unproductive stores be somewhat like a farmer selling cows that did not calve?
 
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David G
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PostPosted: Fri Jan 12, 2018 3:07 pm    Post subject: Re: A sign of the times Reply to specific post Reply with quote

They are making a business choice, I think the Sams Club is probably going web based.
 
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john in la
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Joined: 28 Mar 2004
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Location: Bedico, La.

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PostPosted: Fri Jan 12, 2018 4:57 pm    Post subject: Re: A sign of the times Reply to specific post Reply with quote

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