Wednesday, June 17, 2009

Thoughtful whateverdayitis:)

If this does not worry you it should.(in my humble opinion)

Wal-Mart hiring binge will add 22,000 jobs
Posted Jun 04 2009, 05:37 AM by Douglas McIntyre
Filed under: retail, Wal-Mart, Best Buy, Target, Sears, Costco
Many big-box retailers, including Best Buy (BBY), Target (TGT), and Costco (COST), are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not faring any better. That means that the layoffs in the retail industry, which have already been extensive, are likely to continue, especially if the 2009 holiday season is weak.
Wal-Mart (WMT) is at the other end of the spectrum, by itself. The world’s largest retailer says it will add 22,000 jobs at its U.S. stores this year. That is down slightly from 2008, but in an economy that is forcing hundreds of thousands of people out of work each month, it is extremely impressive.
Investors in Wal-Mart have begun to voice concerns that the company will lose some of its new customers when the economy recovers. These customers will go back to retailers who cater to the middle classes. They will not be forced to go “downscale” to do their shopping. This analysis may miss the fact that the consumer who was forced to be frugal when pressed to keep expenses down due to the recession will decide to open his wallet as things get better. Analysts who follow the car industry believe that consumers will never go back to buying a new vehicle every year. The same probably holds true for most consumer spending. American frugality could last for a decade.
Wal-Mart is often criticized for paying its workers too little money and preventing them from forming unions. These charges may be true, but it is also true that Wal-Mart is one of the few large U.S. companies contributing to an improvement in national employment.
Top Stocks blogger Douglas A. McIntyre is an editor at 24/7 Wall St.

Fast forward 10 years.. No Sears, No Penny's, No KMart, No Macy's,No Target, No Dollar Store, No Dollar Tree, NO LOCAL BUSINESSES AT ALL... Walmart stocks owned by people who are citizens of another country.

Manchester was one of the first Walmart's outside of Arkansas almost 30 years ago, so the novelty has LONG wore out for us. We all have to shop at Walmart for some things..There is no choice, but when ever possible I'll drive further and pay more to avoid it. It's a free country, do what you want...we do :)


  1. watching every penny I do have to get a few things there, but over all anymore they aren't even the cheapest anymore.

  2. At the risk of being shunned, I must say that Wal*Mart has made our fulltime RVing life so much easier. My monthly prescriptions are easily transferred from one state to the next and we can shop for our favorite grocery items knowing we will be happy with the purchase. Of course, as we move around the country, we also shop in the smaller local stores, farmer's markets as well as fairs and festivals but we still love Wal*Mart. I think it is just a matter of sharing the wealth (ha! that's a gross overstatement) and spreading our purchases around.

  3. My dear Joy..never would I shun you my dear!!! I deleted the real bad Wal mart bashing :) It just truly scares me that our little towns are turning in to ghost towns and Wal mart is smelling like a rose. But of course we shop there, not very much but sometimes you have to. I saw our beautiful square in Manchester completely boarded up about 25 years ago. Now it's just offices. I guess saddens is more then scared or angry.