QUOTE |
Wal-Mart's sales growth has sagged, in part because the retailer, based in Bentonville, Ark., while still a low-price leader, doesn't have products on the floor that attract today's shoppers - particularly in apparel, home furnishings and consumer electronics. It also has a problem with slow checkout service, |
Wal-Mart says to double China outlets by 2006
Reuters - Wal-Mart Stores Inc., the world's biggest retailer, plans to more than double its outlets in China and run 90 stores by the end of 2006, a senior executive said on Monday, as it fights to expand market share
Ref. https://news.yahoo.com/news?tmpl=story&cid=...hina_walmart_dc
Global unions to target Wal-Mart -WSJ
Reuters - Labor leaders plan to coordinate work stoppages at Wal-Mart Stores Inc. outside the United States, starting with a campaign to organize workers at its South Korean stores, the Wall Street Journal reported on Tuesday.
Ref. https://story.news.yahoo.com/news?tmpl=stor...almart_labor_dc
WAL-MART HIRED SECURITY GUARDS TO SPY ON QUEBEC EMPLOYEES - CBC INVESTIGATION
Employees at a Quebec Wal-Mart store that closed after a successful union drive were spied upon by undercover security guards, according to an investigation by Radio-Canada.
Ref. https://www.cbc.ca/story/canada/national/20...art-051202.html
Wal-Mart must pay $200m to workers denied lunch breaks
Wal-Mart, the world's largest retail company, has suffered a potentially ominous legal setback, with a California jury awarding more than $200m (£115m) to thousands of employees who alleged they were illegally and systematically denied lunch-breaks.
Ref. https://news.independent.co.uk/world/americ...ticle334859.ece
Yet another example of how Wal-Mart is throwing around her weight:
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COKE CAVES UNDER WAL-MART PRESSURE Coca-Cola, fearing Wal-Mart would launch its own sports drink to rival the beverage giant's Powerade if it didn't agree to the retailer's new distribution terms, caved under the pressure and altered its own century-old supply system, a published report said Thursday. Ref. https://money.cnn.com/2006/06/08/news/compa...lmart/index.htm |
International Level: International Guru / Political Participation: 3231 100%
Actually, it is pretty amusing when one giant literally 'sticks it' to another, and forces them to change their rules. This is usually a bigger company mandating a smaller company, but when two giants butt heads like this, and one bows to another, it really shows that even big companies are subject to change.
I am not sure whether Coke is receiving a lot of revenue, but you have to think Wal-Mart is a huge distributor of their product, and to lose them would not only be a blow to them, but an advantage to their competitors.
International Level: Envoy / Political Participation: 241 24.1%
I don't know what is the big deal with Wal-Mart, I wouldn't even be caught dead in there, don't tell me that you people actually shop there? I guess you poor people have to go to the less classy places?