Wal-Mart to shutter 269 stores, 154 of them in the US

AtomicPiss

hosted.ap.org/dynamic/stories/U/US_WAL_MART_STORE_CLOSURES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-01-15-09-18-12

sarktastic

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

pawz

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

Adam Smith's invisible hand thinks that's fucking retarded.

Amazon or GTFO

ThomasFremont

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

I'm sure this has nothing to do with e-commerce destroying brick and mortar.

It's not like Amazon is tooling up their own delivery fleet because UPS, FedEx and the USPS can't handle the surge in deliveries.

First Blockbuster, and now Walmart??? Obama has gone TOO FAR.

2001400ex

ThomasFremont said:

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

I'm sure this has nothing to do with e-commerce destroying brick and mortar.

It's not like Amazon is tooling up their own delivery fleet because UPS, FedEx and the USPS can't handle the surge in deliveries.

First Blockbuster, and now Walmart??? Obama has gone TOO FAR.

It's actually all those regulations Obama has put on business. Clearly they only effect Walmart and not amazon.

BallSacked

ThomasFremont said:

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

I'm sure this has nothing to do with e-commerce destroying brick and mortar.

It's not like Amazon is tooling up their own delivery fleet because UPS, FedEx and the USPS can't handle the surge in deliveries.

First Blockbuster, and now Walmart??? Obama has gone TOO FAR.

He also let Kodak go out of business. Thanks a lot oBUMa (rofl!!!)

PurpleJ

2001400ex said:

ThomasFremont said:

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

I'm sure this has nothing to do with e-commerce destroying brick and mortar.

It's not like Amazon is tooling up their own delivery fleet because UPS, FedEx and the USPS can't handle the surge in deliveries.

First Blockbuster, and now Walmart??? Obama has gone TOO FAR.

It's actually all those regulations Obama has put on business. Clearly they only effect Walmart and not amazon.

WHOOOOOOOOOOOOOOOOSH

HuskyJW

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

Or they built them in places like Lake Oswego, OR.....where people wouldn't be caught dead a Walmart.

doogsinparadise

HuskyJW said:

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

Or they built them in places like Lake Oswego, OR.....where people wouldn't be caught dead a Walmart.

I hear that people on this bored shop at Costco, what's the difference?

topdawgnc

When a company is pressured into raising wages, then the result is layoffs.

2001400ex

topdawgnc said:

When a company is pressured into raising wages, then the result is layoffs.

So you place the blame on a private company failing and closing stores on the government? Nice free market principals at its finest.

PurpleThrobber

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

Macy's just announce closing about 250 stores.

ThomasFremont

Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.

In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.

Fire_Marshall_Bill

topdawgnc said:

When a company is pressured into raising wages, then the result is layoffs.

It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.

Fire_Marshall_Bill

doogsinparadise said:

HuskyJW said:

sarktastic said:

Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.

When Walmart closes down, Macy's and JCPenney are gonna suuurge.

Or they built them in places like Lake Oswego, OR.....where people wouldn't be caught dead a Walmart.

I hear that people on this bored shop at Costco, what's the difference?

Google People of Wal-mart...nastiest trailer trash ever

Well, that might include some of this bored actually...

ThomasFremont

Fire_Marshall_Bill said:

topdawgnc said:

When a company is pressured into raising wages, then the result is layoffs.

It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.

They're not "automatic" nobody said that.

But if the choice is raising prices (pissing off all the customers) or losing a few people (pissing off just those individuals) and running a leaner operation, most choose that latter.

Without customers, nobody has a job.

2001400ex

ThomasFremont said:

Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.

In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.

Businesses that do that will fuck themselves.

HTH

PurpleJ

Fire_Marshall_Bill said:

topdawgnc said:

When a company is pressured into raising wages, then the result is layoffs.

It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.

Can just cut hours and expect same productivity.

ThomasFremont

2001400ex said:

ThomasFremont said:

Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.

In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.

Businesses that do that will fuck themselves.

HTH

Why would that help me? I don't own 1/3 of a fast food restaurant.

But they're doing it. What's the other option? The majority of restaurants already fail. This won't make it any easier.

Tequilla

ThomasFremont said:

Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.

In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.

Bingo.

When you head to McDonald's for a simple sausage egg mcmuffin, hash brown, and large OJ and realize you are spending close to $10 for that shit, then you know that the minimum wage has gotten out of control

2001400ex

ThomasFremont said:

2001400ex said:

ThomasFremont said:

Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.

In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.

Businesses that do that will fuck themselves.

HTH

Why would that help me? I don't own 1/3 of a fast food restaurant.

But they're doing it. What's the other option? The majority of restaurants already fail. This won't make it any easier.

First the $15 minimum wage isn't in effect yet. Second it's dumb to do it in specific locations like Seattle or city of SeaTac.

That being said. My business is in Montana. Minimum wage went up right after we bought it from $5.15 to $7.25. My conservative partner freaked out at first. Until he realized that meant more disposable income for our key demographic. And our sales went up more than additional costs.

I know, cool story bro.

Fact is, businesses that try to fuck their employees will find shitty employees. Businesses that try to fuck their customers will end up with no customers. Take care of your employees and business and you will have a successful business.