Remember Walmart’s “bold commitment” to “leading an American renewal in manufacturing” and “bringing jobs back to the U.S.”? (You know, the “bold commitment” that garnered instant skepticism from industry observers?) How’s it going so far?
The breakdown of Walmart’s “productivity loop” is catching up to the company again, as equities research firm Wolfe Research cited the effect of persistent understaffing among three reasons behind its downgrade of Walmart from “market perform” to “underperform” in a research report this week.
The Institute for Local Self-Reliance issued a scathing report yesterday on Walmart’s sustainability agenda, stating that the company’s PR work on its initiatives serves to mask the fact that Walmart’s impact on climate and the environment is worsening.
Does this sound familiar?
Granted, it’s an old book, but after recent public gaffes, maybe Walmart should consider passing out Dale Carnegie’s classic “How to Win Friends and Influence People” at the next Saturday morning in Bentonville.
