Mrcauser’s Weblog

Just another weblog

It’s a depression if I lose my job…….

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Been working the Walmart Empire now for over a year. They just threw our whole crew from 11am-8pm to 4-1am. Of course customer service will suffer but Wally World doesn’t have to worry about that . Our sales are still up. Who needs service when we have cut rate pricing. I guess. anyways, changes are a coming. The Bentonville boys are trying to get ahead of the curve. Collapsing economies are right up our ally. Walmart has the muscle to gain market share while competitors go broke scrambling for financing their future inventory. We’ll just squeeze suppliers and employees. More for less is the new mantra for everyone. If my job, inventory control, goes away, you will have nothing to buy because it won’t be in the stores. You have to keep track of the goods to have them to sell. Of course, if sales fall off a cliff here in Redneck Heaven, we still have our guns until Obie gets elected.

By the way, where do you live?

smart money

NEW YORK (Dow Jones) — Foreshadowing what may be a grim holiday selling period, initial results from U.S. retailers showed disappointing September sales, as a global financial crisis made shoppers even more reluctant to spend.

Wal-Mart Stores Inc. (WMT) said Wednesday that its sales excluding fuel in the five weeks ended Oct. 3 rose 2.4%. On that basis, the company missed the 2.5% average estimate of analysts surveyed by Thomson Reuters.

Wal-Mart said total sales were hurt by 0.4 percentage point from the impact of Hurricanes Gustav, Hanna and Ike, which resulted in 341 store closings. However, Sam’s Club sales rose 4.6%, exceeding estimates of a 2.8% increase.

Costco Wholesale Corp. (COST) sales rose a less-than-expected 7%. Sales at rival BJ’s Wholesale Club Inc. (BJ) also missed estimates. Target Corp.’s (TGT) sales dropped a worse-than-expected 3%, and the company said it may miss analysts’ third-quarter profit estimate.

read more here


Written by mrcauser

October 15, 2008 at 4:12 pm

Posted in Uncategorized

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