Friday headline roundup

Wal-Mart’s U.S. sales miss mark as shoppers stay cautious (Reuters, 11/14/13)

“Wal-Mart Stores Inc. on Thursday forecast a disappointing profit for the holiday season after reporting its third straight quarterly decline in U.S. comparable sales because of fewer shopper visits.”

 

Wal-Mart’s battles could lead to industry bloodbath over the holidays (MarketWatch, 11/14/13)

“Wal-Mart Stores Inc. is dealing with a confluence of competing factors when it comes to its low-income consumers, and its stepped up price promotions and aggressive marketing may not be enough to work holiday magic. In fact, some analysts warn it could wreck havoc on the rest of the industry. The world’s largest retailer on Thursday reported a surprise third-straight quarter of Walmart U.S. same-store sales decline, briefly sending the Dow component’s  stock 1% lower. The mid-points of Wal-Mart’s fourth-quarter and updated full-year forecasts both fell short of Wall Street expectations.”

 

Walmart Worker Strikes Over Low Wages Reach Chicago (Huffington Post, 11/13/13)

“The walkouts are the latest in a series of worker demonstrations in protest of what associates describe as the retailer’s low wages, unpredictable hours and unjust retaliation against workers.”

 

New Report Reveals Walmart’s Climate Impact (ILSR, 11/13/13)

“’A closer examination of what Walmart is actually doing behind all of its climate announcements shows the company continues to externalize its costs on people and the environment,’ said Stacy Mitchell, ILSR Senior Researcher and author of the report.”

 

Walmart’s big green con: Environmentalists blast megastore, as workers strike (Salon, 11/13/13)

“Environmentalists on the call urged that Walmart reform its treatment of its employees as well as its impact on the climate. Their statements came hours into a strike by members of the union-backed non-union workers’ group OUR Walmart, who walked off the job at three stores in Chicago. That one-day walkout follows work stoppages yesterday in Washington State; last week in Southern California; and last month in Florida.”

What do you think?