Black People : Is Wal-Mart's Empire About to Fall?

Discussion in 'Black People Open Forum' started by Clyde C Coger Jr, Feb 1, 2014.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,





    Is Wal-Mart's Empire About to Fall?


    It seems absurd that the corporate fortress known as Wal-Mart Stores (NYSE: WMT) could ever possibly show signs of weakness. After all, Wal-Mart is the largest retailer in the world, with a market capitalization of $240 billion. Its volume of business is simply staggering: Wal-Mart registered $466 billion in sales in fiscal 2013.

    And yet, there are cracks appearing in Wal-Mart's armor. Its customer base is under duress, it's suffering from the turmoil swirling through the emerging markets, and it's now facing a severe public backlash for its employment practices that is pushing shoppers toward one of its major rivals.

    http://www.fool.com/investing/general/2014/02/01/is-wal-marts-empire-about-to-fall.aspx
     
    Last edited: Feb 19, 2015
  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    ...




    Wal-Mart to Spend $1 Billion to Raise US Wages This Year



    ... Wal-Mart said on Thursday its hourly full-time and part-time workers will earn at least $9.00 an hour, or $1.75 above the current federal minimum wage, starting in April. Current employees will earn at least $10.00 an hour by Feb. 1, 2016.

    Labor groups, led by Our Walmart, have been calling for Wal-Mart to pay its workers at least $15 an hour.

    Wal-Mart, which has about 1.3 million U.S. workers, has also been a target of activists in the contentious debate over proposals to raise the federal minimum wage of $7.25 an hour ...


    http://www.moneynews.com/StreetTalk...il_job=1609243_02192015&s=al&dkt_nbr=pobbo63b

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