On last Friday morning, customers were surprised when heading out for some post-Thanksgiving shopping and were instead greeted by crowds of protesters in front of over 1600 Walmart stores all over the United States. The protesters were groups of Walmart employees and activists alike, demanding higher wages and better working conditions from the company. The protests at Walmart are considered … [Read more...]
Walmart Third Quarter Revenue Higher than Expected
Business is going better than predicted for Walmart. The world’s largest retailer recorded a higher-than-expected earnings in the last quarter. ‘Neighborhood Market’ stores have been a main driver of growth, helping Walmart achieve the highest level of sales in the last seven quarters. Walmart’s shares went up 2.36 percent to $81.07 in pre-market trading. The retailer said that diluted earnings … [Read more...]
Walmart Cuts Health Benefits for Part-Time Employees
Walmart decided to cut health benefits for part-time workers. The largest US private employer decided that employees working less than 30 hours per week will not have access to health insurance coverage. The change will apply starting with Janurary 1, 2015 and will affect around 2 percent of its 1.3 million workers. Walmart said that it was forced to take the decision as this year's health … [Read more...]
Price Deception Allegations Finally Settled in Wal-Mart Case
A settlement has been reached in the Wal-Mart case concerning false advertising claims. Accoridng to Attorney General Eric Schneiderman’s office, the retailer had been continuously selling Coca-Cola 12-bottle packs at inflated prices to New Yorkers. Instead of the Coca-Cola advertised price of $3,00, Wal-Mart had been charging $3.50 for 12-packs of Coca-Cola. The pricing gaffe cost the retailer … [Read more...]
