Wednesday, October 8, 2014

Walmart a $476 billion sales cutting workers benefits

Have you been to Walmart lately? I noticed at the Walmart where I live
seems to be running out of bags in produce. You have to put your produce
in a white walmart grocery bag here.
A corporation that made $476 billion last year in sales.
being out of bags?

Even in study at Walmart paying $12 an hour with cost soaked up in
sales at no cost.

So to say "Wal-Mart cuts health benefits for 30,000 part-timers."
Really? I sure don't see my Walmart here as hurting, it's full of people!

~~~~Wal-Mart cuts health benefits for 30,000 part-timers.
The cut applies to part-timers who work fewer than 30 hours a week,
Wal-Mart about 2% of the company's U.S. workforce.
More of Wal-Mart's employees signed up for health benefits this year than the
company expected, which boosted the company's costs.
One reason for the increase in sign-ups could be Obamacare, which requires
most everyone to have health coverage, though Wal-Mart did not make that
connection. Employees who lost the Wal-Mart coverage option would now be
eligible for government subsidies on Obamacare exchanges.
That could work out to a better deal, especially for lower-paid employees.

***Note it sounds like Walmart is wanting to pass off the cost to everyone else.
Being Walmart as it runs today is not that bad running.

~~~~Wal-Mart Expects 30% Rise In E-Commerce Revenues This Year.
The world’s largest retailer, Wal-Mart operates close to 4,000 stores in the U.S.,
which leaves minimal room for its store expansion. As a result, the retailer relies on
increases in same-store sales and growth in e-commerce business for a big portion
of its revenue growth. However, Wal-Mart’s comparable sales growth has been
negative for the past five quarters, due to the sluggish economic environment in the U.S.
On the other hand, the company’s e-commerce revenues have grown at a
robust pace driven by several initiatives deployed over the last few years.

Despite this hefty growth, the e-commerce channel hasn’t had a noticeable impact
on the retailer’s results as it accounts for less than 3% of Wal-Mart’s overall sales.
Even as the retailer witnessed double-digit growth in e-commerce revenues in
Q1 fiscal 2015, the channel contributed just 30 basis points to its U.S.
comparable sales. Nevertheless, e-commerce is one of the two most important growth
channels (other being smaller format stores) for the company that are likely to play
a crucial role in the long run. In a recent shareholder meeting, Wal-Mart stated that its
e-commerce revenues are likely to increase to $13 billion this year from $10 billion
in fiscal 2014. Even though e-commerce business doesn’t look significant at the moment,
it is worthwhile to discuss the future of this channel given the tremendous potential it holds.

***Now is the time to call Wal-Mart and ask them why they are cutting
healthcare making us all pay for it. Walmart is not hurting!

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