Friday, January 15, 2016

Walmart closing stores and a sign of shrinking pay

Walmart is closing 269 of their stores and only six of them are in
Oklahoma out in the woods. This is like how Walmart killed your downtown
but this time its a bigger Walmart killing a small Walmart. But why?

"The company said the stores it plans to close are generally poor performers, and most
are within 10 miles of another Walmart. 154 of the locations are in the United States,
two-thirds of which are the smaller "Walmart Express" stores.
Only 12 U.S. Walmart Supercenters will close, along with four Sam's Club stores."

"Yet Walmart says it will continue with its plans to open 300 new stores around the world
later this year and 2017, including up to 60 new U.S. Supercenters and
10 new Sam's Club stores."

"The company aims to place those associates in nearby Walmarts.
But when that's not possible, Walmart said it will provide the laid-off associates
with 60 days worth of pay as well as resume and interview skills training."
http://money.cnn.com/2016/01/15/news/companies/walmart-store-closings/index.html

Six of the Walmarts are closing in Oklahoma.
The Oklahoma stores slated for closures are:
#4633: 19250 E Hwy 66, Luther, OK
#3756: 124 E. Columbia St., Okemah, OK
#2456: 2310 West Main, Prague, OK
#2462: 1600 West Hwy 66, Stroud, OK
#3767: 812 N Clarence Nash Blvd., Watonga, OK
#3766: 2324 Seran Drive, Wewoka, OK
The Oklahoma stores are scheduled to close on Jan. 28.
http://newsok.com/six-oklahoma-walmarts-to-close/article/5472745

Those towns are out in the woods when looked at.
When you see the view of supply and demand vs low pay so there is not
much demand being from being, things kind of get bad.

The Walmart stores closing in Oklahoma is just a sign of small town wages
and the poor taking it all down with them. And I need to note to workers out there
if your workplace is shrinking with no consumers go find another job don't just
sit there get ahead and get a job fast!

I would say this is a sign of slow wage growth. The income sets the market and
if the pay is low then the market is low!

The wages do need to go up for sales and growth! The poor have no savings and
if you throw money at the poor they will throw it back to the businesses,
making more sales and more sales tax for the town a long with more money going
into Social Security and the state etc.

Why let the poor bring everything down with them, raise the pay now it will have
to be raised anyway down the road!

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