2018 Walmart Shareholders Meeting

2018 Walmart Shareholders Meeting

For the first time in Walmart shareholder meeting history, Walmart’s top 1% has changed the rules to exclude the majority of Walmart workers from being present during business proposal votes on wage transparency and other issues that affect them on a daily basis, further silencing the voice of Walmart workers. Which begs the question…

What is Walmart Hiding? 

Click here to read the 12 Things Walmart is Hiding from Its Shareholders and the American Public

Click here to read the The Growing Wage Divide Between Walmart’s Top 1% and its Workers

What will Walmart’s Q4 earnings look like?

With disappointing earnings reports in Q1, Q2, and Q3, Walmart brass had its collective fingers tightly crossed for a good 2013 Christmas season.

Walmart reports disappointing earnings…again

There wasn’t much good news for Walmart in its Q3 earnings release last week, as the company reported negative same store sales for the third consecutive quarter, a decrease in customer traffic, and inventory growth that outpaced sales growth. Executives again pinned the blame on “economic headwinds and fiscal uncertainty,” but this time, for good measure, they also threw in some concern trolling about the Affordable Care Act.

Takeaways from Walmart’s AnalystFest 2013, Part 1

Last Tuesday, Walmart brought Wall Street analysts down to Arkansas to get them up bright and early and show them PowerPoint presentations for hours (aka the “20th Annual Meeting for the Investment Community.”) Our invitation must have been lost in the mail, but we’ve sifted through the transcripts, news reports, and PR spin, and have some takeaways of our own. Here’s the first set:

Dipping a toe into the comments section

While it’s usually a good rule of thumb to avoid internet comments sections, sometimes the internet can surprise you. The comments sections of an article on The Motley Fool published late last week actually contained interesting commentary on the trouble with Walmart’s “productivity loop” and the company’s ongoing labor concerns.

“Total disarray” store cleaner, but out-of-stocks problem persists

Remember a couple months ago when Forbes contributor and retail industry veteran Walter Loeb visited a Massachusetts Walmart store and found it to be in “total disarray”?

Walmart dips its toe into addressing store understaffing. Maybe.

For months, news report after news report after news report has identified systematic understaffing as the reason for Walmart’s ongoing out-of-stocks problem. (That problem, in turn, has been contributing to low customer confidence, weaker-than-expected sales results, and bizarrely-rigged audits.)

Walmart needs more “boots on the ground” to solve out-of-stocks

There’s no substitution for boots on the ground in the store. No substitution. You can have all the technology you want but if you don’t get it out of the back room to the floor when the customer needs it, then that’s a lost cause.” – Drake Jackson, Category Manager (retired), Walmart

This is called “defeating the purpose of an audit”

Following several reports last spring on the inconsistent and sometimes poor condition of the produce on store shelves, Walmart announced plans last June to improve the quality of the fruits and vegetables it sells. (Problems in produce, of course, exemplify the negative effects that Walmart’s persistent understaffing has on store operations.)

Writer chronicles Walmart’s store-level problems

Over at The Splendid Table they’ve posted an eye-opening excerpt from this interview with Stephanie McMillan, whose new book, The American Way of Eating, chronicles her experiences working undercover in farm fields and a Walmart store outside of Detroit.