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Walmart's stock took a steep drop as the company announced that it was expecting lower profits. There are a number of problems Wal-mart has, such as its website and fulfillment not being quite as good as Amazon.com, but Wal-mart is primarily a brick and mortar store, not an internet company. The basic problem as I see it is that middle class people are afraid to shop there. If you look at reviews on Yelp one of the most common words used to describe Wal-mart is "ghetto". There is even a Yahoo question on this very topic: Why is every Walmart...

<p>Wal-Mart Stores Inc. suffered its worst stock decline in more than 27 years after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.</p> <p>Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.</p>

Wal-Mart's second profit warning in two months should be a wake-up call for the political left. If America's largest private employer is struggling with its own pay increases, how will other businesses cope with even larger minimum-wage hikes? Long the scourge of progressives for its relatively low wages, Wal-Mart (NYSE:WMT) announced early this year that it would unilaterally boost its own base wage, first to $9 an hour this past April and to $10 by February 2016. "People have known that $10 was coming for a while," Wal-Mart CEO Doug McMillon told CNBC's Jim Cramer on Wednesday. "This news today...

BENTONVILLE, Ark. — Wall Street rolled back Wal-Mart’s stock price Wednesday after the retailer issued a gloomy outlook. Wal-Mart said the strong dollar was hurting sales this year and that wage increases for its employees would eat into profits next year. Shares of Wal-Mart plunged 9 percent to a three-year low on the news.

http://www.usatoday.com/story/money/markets/2015/10/14/walmart-biggest-owners-loss/73937892/

Is the .22 bubble finally bursting? I have, with many others, been watching WalMart for .22 ammunition. It is a good indicator that demand may be saturating, and prices dropping. For two years, the availability of .22 long rifle ammunition in WalMart stores has been very spotty. They have had a “3 boxes per customer limit” for most of that period. When .22 ammunition comes in, it is snapped up by the first few customers; then the shelves are bare until the next shipment, which usually happens a week or more later. On September 30th, in a Dallas WalMart near...

Wal-Mart Stores Inc (WMT.N) is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday, according to one of sources, who declined to be named because the move had not been made public.

Having spent a large part of my life in a state where getting wine or booze meant going to a state-operated “wine and spirits shoppe,” it doesn’t seem all that awful that Walmart and other publicly trade companies are barred from selling hard liquor in the state of Texas. But for the nation’s biggest retailer, that law makes no sense — and it’s in the middle of a legal battle with the Lone Star state for the right to dispense spirits. The Texas Alcoholic Beverage Commission is responsible for handing out liquor licenses to retailers and other businesses in the...

On September 18 the Utah Supreme Court ruled that under circumstances where retreat is not possible, business policies requiring employees to disengage or withdraw when under duress cannot be used as grounds for firing an employee who takes action to protect his or her life.The decision came in a case revolving around a 2011 incident in which “six workers were fired after they fought with a shoplifter who pulled a gun on them inside the Layton Wal-Mart.”According to Fox 13, when Walmart defended their actions, Utah Supreme Court Justice Christine Durham asked if employers should be able to fire employees...

TROY, Mich., - A Michigan woman who bought grapes from a Walmart store said she discovered a venomous black widow spider in the package. Ariel Jackson, 25, said she bought the perforated package of grapes from a Walmart Supercenter in Troy and she discovered the spider when she started washing the fruit. "She was screaming about a huge spider, and everyone was like, 'Calm down, it's probably nothing,'" Jackson's boyfriend, Michal Frank, 26, told ABC News. "But we took a closer look and lo and behold, it's a black widow. It had the red hourglass-shaped spot on its belly." Jackson...

A notorious al Qaeda magazine is encouraging lone-wolf terrorist attacks on U.S. economic leaders, including Bill Gates, Michael Bloomberg and Warren Buffett. The list in Inspire magazine also included industrialist brothers Charles and David Koch, internet entrepreneur Larry Ellison, and casino magnate Sheldon Adelson. A prominent economist was also on the list but asked that his name be withheld. Federal Reserve chairman Ben Bernanke was named, though not Janet Yellen, who succeeded him. Also pictured was Jim Walton, one of the heirs to the Wal-Mart fortune, although he was misidentified in the caption as his late father, Sam Walton. Several...

A thief masquerading as a Walmart employee walked out of Grapevine store last month with four big-screen TVs. Police are asking for help catching the man who stole the Samsung televisions Aug. 8 at the store on State Highway 114.

PORTSMOUTH, Va. — A Virginia police officer who shot and killed a man in a Wal-Mart parking lot has been indicted on charges of first-degree murder and using a gun in a felony. Portsmouth Circuit Court records show a grand jury indicted city officer Stephen D. Rankin on Thursday. Eighteen-year-old William Chapman II was shot April 22. Virginia State Police said the shooting occurred when an officer responded to a call from Wal-Mart security about shoplifting, and a struggle ensued. Chapman is black. Rankin is white.

News item: There is a new cholesterol-control drug on the market, Repatha, which is enormously beneficial to people who suffer serious side effects from the statins commonly used to control cholesterol or who derive no benefit from statins. Some 17 million Britons are potential beneficiaries of the drug, but they will not be able to use it, because the United Kingdom’s version of Sarah Palin’s death panel — which bears the pleasingly Orwellian name NICE, the National Institute for Health and Care Excellence — says it is too expensive. The United Kingdom’s single-payer health-care system is effectively a monopoly, and...

A generation ago, the American gun industry came up with a devilish new campaign to bolster declining sales — militarizing the civilian firearms market with lightly adapted versions of potent battlefield weapons like the M-16 rifle. Renamed the AR-15, this semiautomatic assault rifle has come to haunt society in the hands of criminals and the deranged, who regularly kill innocent people in high-powered mass shootings.

But the story didn’t stop there. Late last month we highlighted an internal memo circulated at Arkansas recruiting firm Cameron Smith & Associates which looked to be an attempt to prepare the firm’s employees for layoffs at Wal-Mart’s home office. Then, not a week later, Bloomberg ran a story detailing the grievances of some senior Wal-Mart employees who suddenly realized that although they may still be making more than their subordinates, the wage hierarchy had been distorted and that distortion had nothing to do with merit. As we put it, “higher paid employees don’t understand why everyone under them in...

I skipped the church dinner to buy something to repair my clothes. I went to the deli to buy some dinner. People often mock people who shop at WALMART, but tonight, it was an employee who got my attention. The teenager who was cleaning up and served me my meal, had his trousers hanging below his butt, below the curve of his butt, with his skivvies exposed full bore. Serving food. I spoke to 3 managers, I told the first one, she got a bigger manager, she came over, I told her, her first words out of her mouth were,...

Legal Relativism and Food Insecurity In the new “legal relativism” and mob justice atmosphere that uses “social justice” as an excuse to loot and burn down stores in their neighborhoods, Everett Mitchell, the Director of Community Relations at the University of Wisconsin, Madison campus, stated during a discussion panel, “Best Policing Practices,” that prosecuting shoplifters from Walmart and Target is “aggressive police behavior.” “I just don’t think they should be prosecuting cases for people who steal from Walmart. I don’t think that. I don’t think that Target, and all them other places – the big boxes that have insurance –...

Just months after winning against a Trinity Church lawsuit designed to force Walmart to quit selling AR-15s and “high capacity” magazines, Walmart corporate says it will quit selling AR-15s of its own accord. Moreover, corporate stresses that the decision is “not political.” According to Gun Talk radio host Tom Gresham, Walmart corporate “confirmed” their decision to quit selling AR-15s on August 25. Gresham tweeted, “CONFIRMED with Walmart corporate offices. Getting rid of AR-15s. They aren’t selling. Replacing with hunting guns. ‘Not political.'” This latest gun-related decision comes after the retail giant has spent a decade shifting back and forth on...

Yes, you read the headline correctly. Michigan’s Medicaid expansion program includes $50 Wal-Mart gift cards for Medicaid enrollees that “follow the doctor’s orders.” It seems that although, “the state doesn’t itself purchase or give out any Wal-Mart gift cards, their cost is baked into the Medicaid managed care contracts.” In essence, the taxpayers of Michigan are paying for $50 Wal-Mart gift cards for people on Medicaid whether they know it or not. And getting one of these gift cards is pretty easy.