|
Ill.
Wal-Mart employee sets himself on fire, dies
Associated Press,
02.27.09
[back to top]
Suburban Chicago officials say a
Wal-Mart employee has died after setting himself on fire outside the
store where he worked.
Police in west suburban Bloomingdale
say 58-year-old Larry Graziano of Carol Stream told officers responding
to the scene late Thursday that he "couldn't take it anymore."
Bloomingdale police Sgt. Tim Roberts
says bystanders tried to help, but Graziano told them he wanted to die
and fought off their attempts to save him.
The Cook County Medical Examiner's
office says Graziano was taken to a hospital and pronounced dead about 1
a.m.
Dan Fogleman is a spokesman for
Bentonville, Ark.-based Wal-Mart (nyse: WMT - news - people ). He says
Graziano was a 7-year employee who worked nights stocking shelves. He
says Graziano had no reported personnel issues.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Proposed Cave Creek Walmart worries small businesses
By Beth Duckett,
The Arizona Republic
February 26th, 2009
[back to top]
Cave Creek small-business owner
Madelyn Hines knows a Walmart coming to town could spell trouble for
merchants.
But she doesn't blame the giant
retailer. She blames the town.
Faced with high costs and plummeting
revenues, Cave Creek is pinning its hopes on a prospective Walmart to
jump-start its sales tax base. The world's largest retailer wants to
build a store on 20 acres just south of Carefree Highway and east of
Cave Creek Road. But first Cave Creek must agree to rezoning the land.
The high-profile property at one of
the busiest intersections in the north Valley must be rezoned to
commercial from residential.
Walmart plans to submit a general-plan
amendment and rezoning application with the town in April, Walmart
spokeswoman Delia Garcia said.
The Town Council would vote on the
requests later this year.
A "yes" vote would give Walmart the
assurances it needs. Garcia said the corporation would schedule
neighborhood meetings before building. Construction would take about a
year.
"We want to involve the community in
the development process," Garcia said.
Cave Creek Mayor Vincent Francia
supports the project. Big-box retailers are already cropping up along
Carefree Highway, he said. It's time for Cave Creek to get its slice of
the revenue pie.
At a recent meeting, Francia said the
Walmart could resemble Stagecoach Village, an upscale Western-themed
shopping center in northeastern Cave Creek.
Garcia could not comment on a future
store's appearance, but said Walmart would work closely with the town to
comply with its strict lighting ordinance.
"We understand lighting is something
that is very important," Garcia said.
For retailers already feeling the
pinch, a big-box competitor could be devastating.
In a 1997 study, Iowa State University
economics professor Kenneth Stone found that some small towns lost up to
47 percent of their retail trade after 10 years of Walmart stores
nearby.
Hines, who opened her store in 1977,
said her main concern is Cave Creek's financial "inefficiencies."
"When you keep screwing up and those
screw-ups come out to be tremendous mistakes, they have to be paid for,"
said Hines, who owns the Town Dump, a curio shop that sells eclectic
furniture, yard art and other odds and ends.
But not all neighborhood retailers
oppose the project.
At el Pedregal shops in north
Scottsdale, B Emporium owner Bonnie Bishop said the low-cost retailer
would be "convenient." She doesn't expect her home accessories business
to take a hit.
Bishop, who lives nearby in
Scottsdale, said large-scale development already exists in the area.
"There's a Home Depot there. There's a
Lowe's there," Bishop said. "It would be one more store in the area."
[back to top]
Walmart Employee Threatened With Gun At Receipt Check Station
WFMY News 2
February 26th, 2009
Greensboro, NC -- Police say a man put
a gun on a Walmart employee's chest after the employee asked to see the
man's receipt.
Greensboro police say it happened at
the Walmart on Wendover Avenue just before 9:00 pm.
The employee told police the suspect
was attempting to exit the store with a shopping cart when asked to see
the purchase receipt. Police say the man then turned and placed a
handgun on the employees chest before running from the area.
The employee was not injured.
Anyone with information on this crime
is asked to call Crimestoppers at (336) 373-1000.
Vt.,
Texas congressmen join fray in Wal-Mart fight
The Associated Press
February 25th, 2009 [back to top]
MONTPELIER - Two congressmen - a
Democrat from Vermont, a Republican from Texas - are joining the battle
against plans for a Wal-Mart store near a Civil War battlefield in
Virginia.
U.S. Rep. Peter Welch and U.S. Rep.
Ted Poe have sent a letter to Wal-Mart's CEO opposing the plan to build
the store in Locust Grove, Va., site of the Battle of the Wilderness.
The 1st Vermont Brigade fought in the
battle, which recently prompted Vermont lawmakers to call for relocation
of the proposed store.
Wal-Mart and its supporters say the
store would be behind a bank and a strip mall, a mile from the entrance
to the site of the 1864 clash.
[back to top]
Wage-suit settlement
gets initial OK
By Greg Griffin,
The Denver Post
February 25th, 2009 [back to top]
A Missouri judge has preliminarily
approved a settlement of up to $90 million in a wage and hour
class-action suit against Wal-Mart, said Denver attorney Steve Long of
Polsinelli Shughart.
Long represented the class of more
than 178,000 current and former Wal-Mart and Sam's Club employees in
Missouri with a team that included Denver lawyers Frank Azar and Gerald
Bader. The lawsuits accused the company of forcing employees to work off
the clock, changing employee time cards and preventing workers from
taking breaks. Azar, Bader and Long represented 69,000 Colorado
plaintiffs in a similar suit against Wal-Mart that was settled in 2000.
The new settlement is part of an
agreement reached in December in which Wal-Mart settled 63 class-action
lawsuits nationwide for $352 million to $640 million.
A Wal-Mart spokeswoman said the suit
was filed years ago and that its claims did not reflect the company
today.
[back to top]
Target Luring Customers to Discount Stores with Meat, Produce, Bakery
By Mike Duff,
BNET
February 24th, 2009 [back to top]
Target plans to add meat, produce and
bakery items at its discount stores in an expansion of food and
commodity products designed to get customers onto its sales floors more
often.
In a year-end conference call this
morning, chairman and CEO Gregg Steinhafel said Target had seen a
“fundamental change in consumer spending patterns.” The company is
concerned that consumers, even after the recession ends, can’t be coaxed
back to stores by style alone.
Certainly, expanding the assortment of
perishable food at discount stores, which already includes deli and
dairy items, will take time and be expensive, and not only as regards
actually installing product and the coolers that display it. Consumers
often are reluctant to change where they shop for perishable food once
they have confidence in a particular store’s freshness and quality.
So if the meat, produce, bakery troika
represent a long-term adaptation to changing consumer behavior, Target
will deal with the immediate issue of consumer wariness in the recession
by expanding the existing assortment of products consumers shop
regularly, including health-related items, commodities such as paper
towels and laundry soap, groceries and existing perishables. The company
is devoting more shelf space to those categories in the hope of getting
more frequent store visits from consumers, and it is taking it from
apparel, seasonal and home.
Target also will feature its food
private labels more prominently including the budget Market Pantry and
Archer Farm, which was developed to compete on a quality level with
national brands. Target has used Archer Farms to introduce trendy items
at lower prices than gourmet brands charge for the latest taste
sensations to provide cost-conscious shoppers with an alternative.
Beyond adding new products and
displays, Target is upgrading information systems for food, commodities
and pharmacy, Steinhafel said. It also will promote them more
prominently in store circulars and advertising. In its marketing, Target
will wrap commodities and food in with a message about the value it
offers. One goal of that advertising is to make a case that Target’s
prices are close enough to Wal-Mart’s that it is a viable destination
for consumers who like to save money but want a different shopping
experience. Getting something like the same number of food shopping
visits Wal-Mart enjoys would be a great boost for Target.
[back to top]
Wal-Mart Incident
Investigation Complete
ABC Chanle 9
February 24th, 2009 [back to top]
The Tennessee Bureau of Investigation
has completed its probe into an incident involving an off-duty
Chattanooga Police Officer and a Wal-Mart greeter.
Officer Ralph Kenneth Freeman is back
on duty this week after internal affairs gave him the most serious
punishment next to firing: 30 days suspension and mandatory anger
management classes.
According to an incident report,
Freeman and another off-duty officer were exiting the Collegedale
Wal-Mart Christmas Eve when Freeman was stopped by a greeter.
Surveillance video shows the greeter, 71-year-old Bill Walker, grab
Freeman by the arm as he was going through security.The video then shows
Freeman shove Walker, who fell 6-feet and landed on the ground.
Not long after video surfaced, the
Hamilton County District Attorney's office asked the TBI to investigate.
Tuesday, we received a tip that the
investigation is over.
In an e-mail response to our inquiry,
TBI spokesperson Kristin Helm writes: "We did finish the investigation
and turned the file over to the General Cox to present to the Grand
Jury.I need to refer any other inquiries or details about this case to
him."
According to Neal Pinkston in the DA's
office, a TBI agent testified before the Grand Jury Monday in Freeman's
case. Pinkston says the Grand Jury will release its report Wednesday. At
that time, the District Attorney's office will find out whether the
Grand Jury true billed the case or did not.
The conclusion of the investigation
coincides with the end of Freeman's 30 day suspension.
We caught up with the veteran officer
downtown on his lunch break today. Freeman won't speak about the
specifics of the case, but he does tell us he's happy to be back in his
blue uniform and back on patrol.
"It feels good. I'm ready to do my
job," Freeman says. "That's what the chief wants me to do, so hey. I've
always done my job and I;m going to continue to do my job."
Freeman says he's ready to put this
incident behind him and gets back to the streets he's served for 15
years.
When asked if he thinks there can be
something positive to come out of a negative situation, Freeman
responds: "Always. Like I say, I'm always willing to improve on
anything, so yeah, of course."
[back to top]
Wal-Mart
employee dies after clothes rack accident
By Gregory A. Hall ,
Courier-Journal
February 24th, 2009 [back to top]
A Wal-Mart employee died Monday after
a clothes rack that was hanging from a warehouse ceiling fell on his
head Saturday at the store off Westport Road.
Sebert Dodge, 65, died Monday
afternoon at University Hospital, Jefferson County Deputy Coroner Jack
Arnold said.
Dodge had been admitted to University
Hospital after the incident occurred between 1 p.m. and 2 p.m. Saturday,
Arnold said. The cause of death was blunt force trauma to the head and
neck due to the clothes rack falling and striking Dodge in the head,
Arnold said.
The Kentucky Division of Occupation
Safety and Health Compliance was notified by Wal-Mart and an
investigation is underway, state spokesman Dick Brown said in a
statement. The agency does not have details of how the accident
occurred, Brown said.
No autopsy was done because medical
records were sufficient to establish the cause of death, Arnold said.
Based on interviews with family
members, Arnold said the rack was suspended from what he called an
“S-hook” on the ceiling. The S-hook came loose, allowing the clothes
rack to fall, Arnold said.
Wal-Mart spokeswoman Ashley Hardie
said the incident is being investigated internally and the facts are
still being determined.
“Our thoughts and prayers are with our
associate’s family,” she said. “The safety and security of our
associates and our customers is always our top priority.”
[back to top]
Wal-Mart drops Santa
Rosa store plan
By Mike McCoy,
THE PRESS DEMOCRAT
February 24th, 2009 [back to top]
Wal-Mart is abandoning its five-year
effort to build a store in southwest Santa Rosa, say city officials.
The decision is a setback for those
who eagerly awaited creation of 300 jobs, the mega-chain's low consumer
prices and an estimated $500,000 in annual sales tax revenues for
beleaguered City Hall.
But it is a victory for critics who
claim the world's largest retailer damages communities by engaging in
questionable labor and predatory business practices.
Months after Wal-Mart lost an
environmental lawsuit financed by labor and social advocacy groups and
neighbors of the proposed Roseland-area project, sources say company
representatives have told Santa Rosa officials they do not plan to
appeal the judge's decision.
It was unclear Monday whether
Wal-Mart's pullout is being shaped primarily by the court's rejection of
its environmental impact report, or to the fact that the new council has
a majority of members who have opposed Wal-Mart and been critical of
big-box retailers. Company officials did not return several phone calls
Monday seeking comment.
But the situation poses potential
hurdles for another big-box chain, Lowe's, which is planning a home
improvement center on Santa Rosa Avenue. Lowe's environmental impact
report will be up for review Thursday night by the city Planning
Commission.
Councilwoman Jane Bender said
Wal-Mart's intention was disclosed several weeks ago at an Economic
Development Committee meeting. Other sources said they've also received
word the company is giving up its Santa Rosa proposal.
"My guess is it wasn't worth the
fight, that they saw there was a huge contention against it," said
Bender, among the council's minority of Wal-Mart supporters.
City Attorney Caroline Fowler declined
to discuss the Wal-Mart matter, noting that the appeal period has not
expired. Conceivably, Wal-Mart could prepare a new envronmental
assessment, but it spent five years and several hundred thousand dollars
on the current one.
Longtime Roseland resident Margot
Piccinini said Monday she's disappointed, particularly since efforts to
find other businesses to locate in the half-vacant shopping center at
Stony Point and Sebastopol roads have been unsuccessful.
"I don't think the unions have the
right to stop something because of the hiring practices and rate of pay
Wal-Mart offers," she said.
"With the culture in this area we
needed something like Wal-Mart. The Hispanic moms could go to work
part-time. Wal-Mart is known for entry level jobs, and it has the prices
people out here could afford," she said.
Wal-Mart, which has stores in Windsor
and Rohnert Park, has been a lightening rod for debate in Santa Rosa.
That intensive opposition is expected to resurface Thursday when the
Planning Commission considers approving the environmental study for
Lowe's proposal for a 155,000-square-foot outlet at the northeast corner
of Santa Rosa and Yolanda avenues.
That 10.5-acre project, two years in
the planning stages, is expected to generate 175 jobs, $50 million in
annual sales and $500,000 in annual sales tax revenues for the city,
said Lowe's spokeswoman Maureen Rich.
Many of the same forces that fought
Wal-Mart are gearing up to take on Lowe's, citing its impact on traffic
and concerns it would drive locally owned home improvement stores out of
business.
The nearest local home improvement
competitor, Friedman Brothers, is two miles south on Santa Rosa Avenue.
Tax revenue generated by that store goes to the county because it is
outside Santa Rosa's city limits.
Mayor Susan Gorin, who along with
fellow council members Veronica Jacobi, Gary Wysocky and Marsha Vas
Dupre, have voiced opposition to Wal-Mart's corporate model, said
Wal-Mart's advantages are outweighed by its disadvantages.
"I'm looking at both the impacts on
our community and potential benefits," Gorin said. "Anything of that
size and scale has the opportunity to provide jobs and sales tax and we
would welcome that," she said.
"But look at Wal-Mart's business
model. Does it equal out? What are the salaries they pay, can those with
jobs there afford to live in Santa Rosa or must they commute? Will they
force others out of business? And their impacts will further congest our
streets resulting in the need for more traffic signals, road widening
and school crossing guards," she said.
"We as a city are having a hard time
providing services, but I'm not sure Wal-Mart is worth it," she said.
As for Lowe's, Gorin said "I haven't
heard much other than there are thoughtful people in the community
raising objections to their environmental impact report," she said.
Bender, however, called Wal-Mart's
decision to leave "a setback."
"When you look at Wal-Marts across the
nation they are doing better than other stores. This one would have
brought in revenue that everyone knows we need, and it would have been a
place for those in Roseland where they could go and shop and at prices
they could afford," she said.
The opposition Wal-Mart faced and the
city's recent move to impose tougher development standards on big-box
stores did not go unnoticed by Lowe's The company mailed more than
12,000 brochures to Santa Rosa homeowners several weeks ago, providing
details of what it planned and attached a postcard supporters could
return to show their support.
"It was an opportunity to educate
residents and inform them of a great opportunity," said Lowe's
spokeswoman Maureen Rich. "In this economic climate it's a proposal that
will bring jobs, sales tax revenues and increase property tax values,
all factors that should be considered by residents," she said.
Among the leading critics of Lowe's is
the Accountable Development Coalition, a group of labor, environmental,
housing and neighborhood groups. It's chairman and vice chairman are
Michael Allen and Nick Caston, both members of the city Planning
Commission.
Despite those ties, city attorney
Fowler said both can vote on Lowe's "if they believe they can be
unbiased."
Allen, president of the North Bay
Labor Council, one of the groups that funded the Wal-Mart lawsuit, and
Caston both said they plan to vote on the matter.
Caston, who's been on the commission
since 2006, said he avoids coalition issues that deal with Santa Rosa
planning matters. Allen said he has avoided discussing Lowe's since he
was appointed to the commission two months ago.
"I have to make it (decision)
independently based on the planning documents and evidence submitted,"
Allen said.
One source indicated Friedman's is
financially assisting those battling the Lowe's project.
Friedman's chief financial officer,
David Proctor, however, denied the charge.
"We are obviously very concerned. We
think it's a bad move for Santa Rosa," he said. While his company has
hired local political consultant Herb Williams to monitor Lowe's
planning progress, Proctor said "We are not funding any oppositional
element of an anti-Lowe's group."
[back to top]
Wal-Mart makes
follow-on offer for D&S
Associated Press,
02.23.09
[back to top]
A subsidiary of Wal-Mart Stores Inc.
on Monday made a follow-on tender offer to buy the outstanding shares of
Chilean retail company Distribucion y Servicio D&S SA.
Wal-Mart's operating unit, Inversiones
Australes Tres Limitada, offered 40.8 cents for each share of common
stock and $24.48 for each American Depository Share.
An initial tender offer was completed
Jan. 25 and gave Wal-Mart about 58.3 percent of the company's shares.
Another 40.1 percent of the outstanding shares are owned by Felipe and
Nicolas Ibanez Scott, sons of the founder Manuel Ibanez Ojeda. Wal-Mart
said in January that the brothers would stay involved in the business.
Wal-Mart is the world's biggest
retailer.
Its shares fell 72 cents to $49.28 in
afternoon trading.
Copyright 2008 Associated Press. All
rights reserved
[back to top]
Wal-Mart
settles suit that charged bias in hiring
By Robert Daniel,
MarketWatch
February 22nd, 2009 [back to top]
Under the terms of the agreement,
reached with attorneys for the plaintiffs in a class-action lawsuit
pending in U.S. District Court for the Eastern District of Arkansas,
Wal-Mart agreed to pay $17.5 million. In addition, the company's
logistics division agreed to give priority to placing 23 of the class
members in positions with the company; provide direct notice to all
class members about future job opportunities; set goals so that future
hiring is proportionate to the racial composition of the applicants;
name a diversity recruiter; and boost job recruiting and advertising
targeted at African-Americans. In the settlement, "Wal-Mart denied that
it engaged in any policy or pattern or practice of unlawful
discrimination or other unlawful conduct," the company, based in
Bentonville, Ark., said in a statement late on Friday. "Encouraging
diversity is an important part of the hiring process for all areas of
our company," a spokeswoman said in the statement, adding that within
the transport division the company is improving its
personnel-recruitment and -selection systems. The settlement is subject
to court approval.
[back to top]
Kin of
Wal-Mart stampede victim to sue NY county
Associated Press,
02.20.09
[back to top]
Relatives of a worker trampled to
death in a crush of post-Thanksgiving bargain-hunters at a New York
Wal-Mart have filed court papers indicating they intend to sue Nassau
County and its police department.
A notice of claim - the first step
toward suing a municipality - was filed Tuesday in state Supreme Court.
It claims the Long Island county and police were negligent, careless and
reckless before the Nov. 28 stampede in Valley Stream that killed
Jdimytai "Jimmy" Damour (jim-mee-TREE' Di-MOHR').
Nassau County Attorney Lorna Goodman
says the claims have no merit.
The family's lawsuit against Wal-Mart
Stores Inc. (nyse: WMT - news - people ) and others was dropped after
the relatives changed lawyers but they say they will refile it.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Mexico's Walmex
aims for expansion amid slump
By Cyntia Barrera Diaz,
Reuters
February 19th, 2009 [back to top]
MEXICO CITY, Feb 19 (Reuters) -
Mexican retailer Wal-Mart de Mexico set an aggressive expansion plan for
2009, focusing on low prices for staples like perishables and pharmacy
products, to boost market share amid an economic slowdown.
Also known as Walmex (WALMEXV.MX),
Mexico's leading supermarket chain plans to open 252 stores this year
and invest 11.8 billion pesos in the expansion, Chief Executive Eduardo
Solorzano told analysts during a webcast on Thursday.
Walmex's expansion will account for
more than half of all the units that parent Wal-Mart Stores Inc (WMT.N)
plans to open across the Americas region, which excludes the United
States.
Last year, Walmex ended with 182 new
units, 23 fewer than its original plan, as the company faced its most
challenging year due to slowing consumption as well as high inflation
and rising energy costs.
Solorzano said that in order to
increase customer traffic, Walmex will strengthen efforts in pricing,
inventories, real estate, and distribution.
By offering low prices on food,
household care, entertainment and drugs, Walmex will fend off
competitors, particularly closest rival Soriana (SORIANAB.MX).
Most of the store openings will be of
the Bodega Aurrera and Bodega Express formats, which focus on the low
income segment, while the struggling Vips restaurant chain will be put
on the back burner.
Asked whether the financial crisis
could encourage people to shop more at "mom and pop" stores and other
informal commerce, Solorzano told investors, "There is no indication the
market is moving in that direction."
The company will also try to revive
its Suburbia clothing store chain, which has been hit hard by the
crisis, and reinforce its banking operation, which had a slower start
than expected.
To cut more costs, Walmex -- one of
the biggest employers in Mexico with a staff of 170,000 -- will also
seek to renegotiate rent terms of several of its stores.
Solorzano said during a later press
conference in Mexico City that the company was not eyeing any purchases
and that it has not approached troubled rival Comercial Mexicana (COMEUBC.MX),
mauled by huge debt problems, as an acquisition target.
Walmex shares fell 0.75 percent to
close at 29.30 pesos on Thursday.
[back to top]
Wal-Mart
Settles South Carolina Wage, Hour Suit
By Lana F. Flowers,
THE MORNING NEWS
February 19th, 2009
[back to top]
SPRINGDALE -- South Carolina Walmart
workers who claim they were not paid for time worked will get $49
million to settle a class action lawsuit.
Wal-Mart Stores Inc. announced the
settlement Thursday morning on its Web site, walmartstores.com.
Wal-Mart's announcement came after
Judge Perry M. Buckner III in Colleton County, S.C., approved the
settlement on Tuesday.
The settlement will conclude more than
six years of litigation concerning Wal-Mart's employment practices in
South Carolina.
Wal-Mart in the settlement agreed to
maintain electronic systems, surveys and notices to protect workers'
rights.
"We are pleased with the preliminary
approval of the settlement by the court. We hope that Wal-Mart's
industry leading compliance model will set an example for the retail
industry," plaintiff's attorney Brad Hutto of Williams & Williams in
Orangeburg, S.C., said in a news release.
A woman who answered the phone in
Hutto's law office in Orangeburg, S.C., said Hutto was on the state
Senate floor and could not be reached. Besides being an attorney, Hutto
also is a Democrat in the South Carolina Senate.
The woman said she would relay a
message to return a phone call. Hutto did not return the call as of 3
p.m. Thursday.
"This lawsuit was filed years ago and
the allegations are not representative of the company we are today,"
said Daphne Moore, Wal-Mart spokesperson.
Five of the lawsuits date to 2000,
with the more recent cases filed in 2005 through 2007.
"Our policy is to pay associates for
every hour worked and to make rest and meal breaks available," Moore
said. Wal-Mart calls its employees associates.
Moore did not know how many Walmart
employees and former employees would get money from the $49 million
settlement.
Wal-Mart announced late Dec. 23 it was
settling 63 of 73 pending wage and hour class action lawsuits
nationwide. The South Carolina lawsuit is included in the 63 suits the
retailer previously announced it would settle.
The settlements were pending court
approval, but could cost up to $640 million. Moore said the $49 million
settlement in the South Carolina lawsuit is included in the previously
announced total settlement amount.
Wal-Mart recorded an after-tax charge
of approximately $255 million, or six cents per share, in the fourth
quarter related to the lawsuit settlements.
Wal-Mart (NYSE: WMT) closed Thursday
at $50.45, up 45 cents. The share price ranged from a $63.85 high to a
$46.25 low in the past 52 weeks.
[back to top]
Northwest Health
To Reopen Walmart Clinics
By Lana F. Flowers,
The Morning News
February 19th, 2009 [back to top]
SPRINGDALE -- Northwest Health System
will open walk-in health clinics in former RediClinic spaces in two
Northwest Arkansas Walmarts.
The health care system and
Bentonville-based Wal-Mart Stores Inc. announced the CareExpress
openings late Thursday morning.
Northwest Health will open its
CareExpress clinic at 8 a.m. Monday in the Walmart Supercenter at 4208
Pleasant Crossing Blvd., near the intersection of Pleasant Grove Road
and Interstate 540 in Rogers.
Dr. Martin A. Hannon, a family
medicine physician who practices at Northwest Family Medicine in Tuscany
Square, across Pleasant Grove Road from Walmart, will oversee the
Pleasant Grove CareExpress.
A CareExpress will open another clinic
in the Walmart Supercenter at 3919 North Mall Ave. in Fayetteville in
the coming weeks.
Dr. John D. Gaston, a family medicine
physician who practices at Northwest Family Care in Fayetteville, will
oversee the Fayetteville CareExpress.
Both spaces used to have RediClinic
walk-in medical clinics that closed Dec. 16.
The closed RediClinics did not get
enough patient appointments or make enough money to stay open, Katie
Brazel, a RediClinic spokeswoman, previously said.
The two CareExpress locations will
have a total of 10 employees, which are new positions. Most of those
positions have been filled, said Greg Russell, Northwest Health System
spokesman.
Russell did not have a wage range for
the CareExpress jobs, but said filling the RediClinic spaces fills a
community need.
"We already operate a network of
primary care and specialty clinics and thought this was an opportunity
to give people a couple of more access points," Russell said.
CareExpress employees -- including
advanced nurse practitioners who work for Northwest Health System
physicians -- will give immunizations, conduct health screenings and
tend to minor injuries in the store clinics.
No appointments are necessary and
CareExpress patients can pay cash or file insurance claims for services.
CareExpress is leasing the former
RediClinic spaces but Russell declined to reveal costs. Wal-Mart
renovated the spaces for CareExpress, Russell said, though he was not
sure if renovation costs were included in leasing costs.
The CareExpress clinics will be open
nights and weekends, helping ease traffic at Northwest Health Systems
emergency departments, including those at Northwest Medical Center in
Bentonville and Northwest Medical Center in Springdale.
Emergency rooms "aren't really the
most convenient, most appropriate or most cost-effective place -- for
patients or health professionals -- to treat everyday illnesses like
sore throats," said Doug Arnold, chief executive officer of Northwest
Health System.
Operators of Walmart-based medical
clinics conducted an exit survey of 14,479 walk-in clinic patients
between January 2006 and November 2006. The survey revealed 10 percent
to 15 percent of clinic customers would have used an emergency room if
the Walmart-based clinic wasn't available.
Another 5 percent to 10 percent would
have gone without treatment entirely, Walmart said in a news release.
[back to top]
Wal-Mart workers in
Missouri cash in
By Dan Margolies,
Kansas City Star
Feb. 19, 2009
[back to top]
Wal-Mart workers in Missouri will get
$55.53 million or more under a settlement approved last week as part of
a nationwide resolution of overtime claims against the company.
The Missouri portion of the settlement
affects as many as 330,000 former and current hourly employees who
worked at a Wal-Mart Store, Wal-Mart Supercenter or Sam’s Club store in
Missouri between Aug. 15, 1996, and Jan. 2 of this year.
The settlement, which received
preliminary approval from Jackson County Circuit Judge Sandra Midkiff on
Feb. 11, resolves a long-running lawsuit alleging the retail giant
forced workers to work through rest and meal breaks. The lawsuit in
Jackson County was one of scores ofsuch actions nationwide seeking
damages from Wal-Mart for wage and hour violations.
Eligible Wal-Mart workers will receive
notification of the settlement at their last known address.
[back to top]
Residents rise against
complexes
Impact reports
criticized for 'faulty' findings
By BOB WILSON
Antelope Valley Press
Thursday, February 19, 2009
[back to top]
LANCASTER - More than two dozen people
rose Wednesday to criticize conclusions reached in a pair of reports
describing the expected environmental impacts of two shopping centers
planned near Quartz Hill High School. Of approximately 60 people
present, three rose during the first 90 minutes of a public hearing held
by the city's Planning Commission to praise the predicted effects the
projects will have on west Lancaster.
Among the criticisms was that the
environmental impact reports, prepared by the Christopher A. Joseph &
Associates firm of West Los Angeles, incorrectly concluded there would
be enough water and drainage for the projects; erred in the amount of
traffic, noise and pollution the projects would generate; erred in
projections concerning housing development and tax generation; and
failed to take into account the potential reduction in public safety.
Those supporting the conclusions in
the environmental impact reports cited expected improvements to the
water drainage, a reduction in air pollution from shorter shopping trips
and increased revenue for public safety.
"Forty-five weeks would not be enough
time" to describe the flaws in the reports, much less the 45 days
granted, said Loretta Berry, who helped organize Quartz Hill Cares, a
grass-roots citizens group opposed to the projects.
The $1.2 million tax boost the city is
expecting from the projects "is based on a false premise," Berry said,
reading through a list of empty stores she said will multiply if new
discount stores are built.
Future homes the new stores are
expected to serve may never be built, older stores already serving the
area will be forced out of business, and the revenue generated by the
new stores will reflect only a redistribution of money already being
spent at their counterparts, Berry said.
"The city, especially the west side,
cannot sustain any more shopping centers," she said.
Instead of bringing improvements, the
new centers will bring increased economic blight, Berry said.
Speaking on behalf of Lancaster
businessman Marvin Crist, who was not present, former Antelope Valley
College basketball coach Newton Chellete said the two shopping centers
would improve traffic flow in the area and generate "millions of dollars
of new revenue for Lancaster, which will pay for enhanced law
enforcement and public safety services, which would benefit westside
residents."
Both the Quartz Hill Town Council and
the town's Chamber of Commerce have taken formal positions opposing
development of the two shopping centers.
Of the Planning Commission's seven
members, all were present except for Chairman James Vose.
Comments on the reports, done in
preparation for the planned construction of a 40-acre shopping center on
the northwest corner and a 35-acre shopping center on the southeast
corner of Avenue L and 60th Street West, will be accepted until the
close of business Monday at City Hall.
The project on the northwest corner
would be anchored by a new Wal-Mart - Lancaster's third and the Antelope
Valley's fifth - and the project on the southeast corner would be
anchored by a new Target - Lancaster's second and the Antelope Valley's
fourth.
Brian Ludicke, Lancaster's director of
planning, estimated it would be at least two months before the issues
raised at Wednesday's hearing can be addressed and entered into final
versions of the reports.
Those reports will address, among
other things, the expected effects of shopping-center construction on
animals and plants, the water supply, air quality, neighboring
properties, traffic, noise, light pollution and public safety.
For construction of the centers to
proceed, the Lancaster City Council must approve the two final EIRs,
change the designations for the use of the properties under the city's
General Plan and zoning ordinance and approve conditional-use permits
for the projects.
When those matters come before the
city Planning Commission and City Council, residents will be asked to
voice opinions on the overall drawbacks or benefits of the projects.
[back to top]
Walmex to
invest $805 million, open 252 stores
By OLGA R. RODRIGUEZ,
02.19.09
[back to top]
Wal-Mart de Mexico SA said Thursday it
will invest 11.8 billion pesos ($805 million) and open 252 new stores in
2009 despite the slowing Mexican economy.
The investment represents a 4 percent
increase compared to last year and will create 14,500 new direct jobs,
said Walmex Chief Executive Officer Eduardo Solorzano.
Solorzano said the growth plan for
Walmex, the Mexican unit of Arkansas-based Wal-Mart Stores Inc. (nyse:
WMT - news - people ), is possible thanks to the company's commercial
aggressiveness and strict spending.
"We've always been aggressive in the
commercial part and more conservative on the financial one and this is
how we will continue to manage the company," he said.
Mexico has been battered by the
recession in the United States, which buys 80 percent of the goods it
sells abroad. Mexico's growth slowed to 1.5 percent in 2008 from 3.3
percent the year before, as consumer credit tightened and money sent
home by migrants fell.
To combat the downturn, Walmex plans
to offer low prices on some 1,700 items as a way to attract more
customers, Solorzano said.
The company's sales grew 11 percent
last year to 244.9 billion pesos ($17.9 billion) and net profit rose 5
percent to 14.7 billion pesos ($1 billion).
Comment On This Story
Walmex's shares traded on the Mexican
Stock Exchange fell 0.7 percent to close at 29.30 pesos ($2 dollars)
Thursday.
Walmex is Mexico's largest retailer
and private-sector employer, with more than 170,000 workers at 1,205
supermarkets, restaurants, clothing stores and retail chains.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Wal-Mart profit beats
Wall St view
By Nicole Maestri,
Reuters
February 17th, 2009
[back to top]
NEW YORK (Reuters) - Wal-Mart Stores
Inc posted a profit that beat Wall Street forecasts, fueled by sales at
its namesake U.S. discount stores, and said it expects to outperform
rivals as a global downturn forces shoppers to seek low prices.
Shares in the world's largest retailer
rose 3 percent on the results, as investors shrugged off fears of a
deeper global recession that prompted stock declines in the wider U.S.
market.
"They kind of did everything right,"
said Joseph Feldman, a retail analyst with Telsey Advisory Group.
"They're going to start buying back stock, they continue to control
inventory well, February is off to a good start, and guidance for next
year is as good as you could have hoped."
Wal-Mart said U.S. sales rose 6
percent in the quarter as it attracted more shoppers trying to save
money. International sales slid 8.4 percent due to a stronger U.S.
dollar, while sales at its Sam's Club warehouse clubs were flat.
Wal-Mart's sales have been outpacing
direct competitors like Target Corp and Costco as well as lower-priced
department stores like J.C. Penney in recent months as consumers stretch
limited budgets by shopping in its stores for necessities like food and
medicine.
"Our performance relative to
competitors was exceptionally strong in the fourth quarter and
throughout the year," Chief Executive Mike Duke said in a statement. "We
expect this momentum to continue."
Profit fell to $3.79 billion, or 96
cents per share, for its fiscal fourth quarter, ended January 31, from
$4.096 billion, or $1.02 share, a year ago.
Excluding a 7 cent charge per share
for the settlement of class-action lawsuits, earnings came to $1.03 per
share. Analysts, on average, had expected the company to earn 99 cents
per share, according to Reuters Estimates.
Chief Financial Officer Tom Schoewe
said in an interview that strong U.S. sales in January and a lower tax
rate contributed to the better-than-expected results.
SAM WALTON'S TIME
To win business during the fourth
quarter, which included the crucial holiday sales season, Wal-Mart said
it spent more on advertising to tout its low prices.
"These guys are gaining share and
doing much better than their competitors," said Christian Andreach, a
managing director at money management firm Manning & Napier Advisors.
"Even in the discount channel, they're doing very well."
Quarterly net sales rose 1.7 percent
to $108 billion.
Sales at U.S. stores open at least a
year rose 2.8 percent overall, with increases of 2.8 percent at the
company's namesake stores and 2.5 percent at the Sam's Club division.
"The business model that Sam Walton
created is perfectly positioned for the environment we live in now,"
Duke said, referring to the company's founder. "I do believe this is
Wal-Mart's time."
Duke said that after a strong
performance in January, business in February was off to a good start.
Wal-Mart U.S. CEO Eduardo
Castro-Wright said on the call that families are eating at home more
often, spurring demand for groceries as well as items used for home
cooking and entertaining.
At its Sam's Club stores, sales of big
ticket items, like furniture and jewelry, remain under pressure, the
company said.
'WAY MORE DIFFICULT' TO FORECAST
Wal-Mart said it will keep a close eye
on expenses so it can continue to try to keep its prices lower than
rivals.
Schoewe now expects capital
expenditures for the current fiscal year in a range of $12.5 billion to
$13.5 billion, down from an earlier view of $13 billion to $14.5
billion.
The retailer also said that while it
stopped buying back shares in the fourth quarter, it believes it is
"appropriate" to resume those purchases.
Schoewe said it is "way more
difficult" now than at any time he can remember to provide earnings
forecasts, given the uncertain economic climate.
For the first quarter, Wal-Mart
forecast earnings of 72 to 77 cents per share, with full-year earnings
of $3.45 to $3.60. Analysts had forecast 77 cents per share for the
first quarter and $3.57 for the year.
Wal-Mart said its forecast assumes
currency exchange rates will hurt full-year results by about 13 cents
per share.
Wal-Mart shares rose 3 percent, or
$1.39 to $47.92 in late morning trading.
[back to top]
Wal-Mart's 4Q
earnings decline 7 percent
Associated Press,
02.17.09
[back to top]
Wal-Mart Stores Inc. says its
fourth-quarter profit has fallen 7 percent.
The world's largest retailer saw its
results hurt by the strong dollar and a charge that stemmed from
settling a labor lawsuit. The company also said Tuesday that
first-quarter earnings could miss Wall Street expectations.
The company posted earnings of $3.79
billion, or 96 cents per share in the quarter ended Jan. 31. That
compares with $4.096 billion, or $1.02 per share a year earlier.
Analysts surveyed by Thomson Reuters had expected earnings of 99 cents
per share, excluding the lawsuit settlement.
Total sales came to $109.12 billion,
up from $107.34 billion a year earlier. Analysts surveyed by Thomson
Reuters expected $109.1 billion
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Wal-Mart Opens Wallets
Lisa LaMotta,
02.17.09
[back to top]
World's largest retailer benefits
during recession by offering lower prices than its competitors. Wal-Mart
Stores, Inc. 02/24/2009 1:45PM ET$50.07$1.192.43%
Sam Walton would be proud: Wal-Mart,
the store he founded, is now beating out competitors, thriving in a down
economy and excelling in customer service.
Retailers of all kinds have been
struggling as the economy has deteriorated, but Wal-Mart's strong appeal
to the frugal-minded shopper has kept it afloat, even though results
have been negatively affected by the strong dollar and weak consumer
spending trends.
Wal-Mart got a boost last year from
shoppers flocking to the less-pricey retailer for necessity shopping,
but now it said it expects a hit of 13 cents per share for the fiscal
year due to currency headwinds.
"Comparing our absolute results to the
prior year is going to be difficult in food because we had inflation
during that time period, and we're going through kind of disinflation as
we sit here today," said Wal-Mart Chief Financial Officer Tom Schoewe to
Thomson Reuters. "But the other grocers are going through the same thing
-- so [the ultimate question ought to be: How is our relative
performance?]"
The company has been outpacing
competitors like Target and Costco, as well as other grocers and
department stores.
Shares of Wal-Mart Stores (nyse: WMT -
news - people ) were up late in the trading day Tuesday, adding $1.69
cents, or 3.7% to $48.22.
"Wal-Mart recorded the strongest sales
result in its history in the fourth quarter, with $108 billion in
sales," said Chief Executive Mike Duke. "We achieved this through the
hard work of our associates, helping our customers save money so they
can live better."
Comment On This Story
The retailer reported earnings of $3.8
billion, or 96 cents per share. This was above its previous guidance of
91 cents to 94 cents per share. Adjusting for a charge related to a
class-action lawsuit, the company earned $1.03 per share. Revenues were
up slightly, to $108.0 billion. Analysts surveyed by Thomson Reuters
expected, on average, earnings of 99 cents per share on revenues of
$109.1 billion for the fourth quarter.
"Our performance relative to
competitors was exceptionally strong in the fourth quarter and
throughout the year," Duke observed. "We expect this momentum to
continue."
The company expects reported earnings
in the range of 72 cents to 77 cents per share for the first quarter of
fiscal year 2010, and between $3.45 and $3.60 per share for the full
year. Analysts expect earnings of $3.59.
[back to top]
Wal-Mart Can't Lift Wall
Street
Steve Schaefer,
02.17.09
[back to top]
Retailer posts solid Q4 earnings but
the broader market slumps on economic worries. Wal-Mart Stores, Inc.
02/24/2009 1:31PM ET$49.97$1.092.23%
Maybe Wall Street could have used a
four-day weekend. After U.S. markets closed Monday for Presidents Day,
trading resumed with massive losses Tuesday.
The major averages broke through key
support levels as investors cast a skeptical eye toward the government's
stimulus package and bank bailout plan. President Obama was set to sign
the $787.0 stimulus bill into law in Denver Tuesday, and announce a
comprehensive foreclosure mitigation plan on Wednesday. Meanwhile, Wall
Street is waiting for further details of a public-private partnership
outlined by Treasury Secretary Tim Geithner that would try to rid bank
balance sheets of toxic mortgage-backed securities.
Financial stocks were among the
morning's biggest losers, with the SPDR KBW Bank (nyse: KBE - news -
people )exchange-traded fund, which corresponds to a closely watched
industry gauge, down 92 cents, or 7.1%, to $12.10. The Dow Jones
industrial average slid 259 points, or 3.3%, to 7,591; the S&P 500 lost
32 points, or 3.9%, to 794; and the Nasdaq fell 57 points, or 3.7%, to
1,478.
Prices on Treasury securities leaped
as investors fled the equity market, dropping the yield on the 10-year
T-note to 2.69%, from 2.88% Friday. The iShares Barclays 10-20 Year
Treasury Bond (nyse: TLH - news - people ) ETF, which tracks a range of
longer maturities, gained $2.33, or 2.1%, to $115.37.
Wal-Mart (nyse: WMT - news - people )
showed the lone gain among the Dow's 30 components, after reporting
fourth-quarter results that narrowly beat expectations. The discount
retailer has been able to lap many of its competitors as consumers
tighten purse strings, but it has hardly been immune to the economic
downturn. Wal-Mart's guidance for its present quarter and fiscal year
came in near the lower end of the Street's estimate, but investors still
sent shares up $1.48, or 3.2%, to $48.01. (See "Wal-Mart Workin' The
Discount Angle.")
Detroit's automakers were back in the
spotlight, with General Motors (nyse: GM - news - people ) and Chrysler
due to file restructuring plans with the Treasury Department later
Tuesday. The deadline is a checkpoint imposed by the government when it
lent the pair $13.4 billion and demanded they demonstrate their
viability by the end of March. If the Treasury approves of what it sees
Tuesday, GM is in line for another $4.0 billion and Chrysler would
receive $3.0 billion. GM shares were down 27 cents, or 10.8%, to $2.23.
(See "Who's Driving Detroit?")
Sirius XM Radio (nasdaq: SIRI - news -
people ) got an eleventh-hour reprieve from Liberty Media (nasdaq: LCAPA
- news - people ), after the company run by John Malone agreed to loan
the satellite radio operator $530.0 million in return for board seats
and an equity stake. Liberty's investment allows Sirius to pay off
$171.6 million in maturing debt. Sirius shares jumped 60.9%, climbing 6
cents, to 17 cents apiece.
[back to top]
America's Most Popular Stores
Jeanine Poggi,
Shopping
02.17.09
[back to top]
Consumers may be spending less, but
they're having better shopping experiences.
The economy is still in its downward
spiral: The National Retail Federation predicts a 2.5% decline in sales
during the first half of 2009. In other words, consumers are holding on
to their money. But those who are willing to spend at least some are
more satisfied with retailers than they were several months ago.
Among department and discount stores,
Nordstrom and Kohl's lead the pack when it comes to shopper approval.
After a year and a half of plunging
numbers, the American Customer Satisfaction Index (ACSI), a national
economic indicator of the quality of products and services in the U.S.,
climbed 0.9% to 75.7 on the 100-point scale in the fourth quarter of
2008, compared with the same period on 2007. The index surveys about
19,000 consumers quarterly on their preferences in the retail, finance,
insurance and e-commerce industries.
Consumers may be happier with their
shopping experiences, but unfortunately, the rise in satisfaction does
not necessarily indicate that an economic turnaround is on the horizon.
While an uptick in the ACSI in 2001 signaled a rebound in the economy
was nearing, the current recession is not following the same patterns as
earlier economic slowdowns, experts say.
"Consumer spending has continued to
weaken, while savings have increased, suggesting at least for the short
term, there will be less revenue for sellers and more pressure on profit
margins and for cost reductions," says professor Claes Fornell, head of
the ACSI and author of The Satisfied Customer: Winners and Losers in the
Battle for Buyer Preference.
Competition for Customers Customer
satisfaction in the retail sector, which includes department and
discount stores, specialty retail stores, supermarkets, gas stations and
health and personal care stores, gained 1.3% to 75.2. This growth was
predominantly based on an improvement in customer service, Fornell says.
"As the economy slumps, more pressure
is on retailers to make a sale, [which] forces them to pay attention to
customer experience."
Comment On This Story
The department and discount stores and
specialty retail categories each jumped 1.3% in their ASCI ratings, to
74 and 76, respectively.
Nordstrom retained its score of 80 on
the ACSI based on its strength in customer service, while Kohl's rose
1.3% to also reach 80. Kohl's is known for offering brand-name items and
exclusive merchandise at value prices.
Trading Down Discount store Dollar
General plunged 3.8% to a rating of 75. But the store's poor mark was
not attributed to declining customer service, quality or availability of
merchandise. It was a result of changing demographics, Fornell says.
After hitting an all-time low last
year, retail giant Wal-Mart made the biggest leap, soaring 2.9% to a
score of 70. But the retailer posted mixed results in its individual
categories, sliding 4%to 68 for its supermarket business, well below the
industry average, but rising 3% for its non-grocery business, to 70.
The reason Wal-Mart appears so low in
the index, despite its current financial success, is because it is a
pure price competitor, Fornell says.
"This proves price is not the leading
indicator of customer satisfaction. Consumers are much happier when they
purchase an item they really want and have a good experience doing so."
ASCI's Effect While several retailers
have seen falling stock prices over the past year, those that improved
customer satisfaction were more favorably received by investors. On
average, retailers with improving ACSI scores lost about 30% of their
market value in 2008, while those with declining ACSI scores lost about
57%. By comparison, the S&P 500 index dropped 38%.
But even with increasing levels of
customer satisfaction, most retailers are facing a gloomy future. Sales
during the holiday season were dismal, as retail industry sales for
December dropped 2.2%, according to the National Retail Federation.
Drastic discounting was the only thing that prevented consumer demand
from falling to an unprecedented low, Fornell says.
"For consumer spending to rebound, two
conditions must be met: Consumers must be favorably disposed to spend
and have the means to spend," Fornell says. "The good news from ACSI is
that the first condition has been met--customer satisfaction is looking
up. But it remains to be seen to what extent the government stimulus
plan will help translate stronger satisfaction into increased consumer
demand."
[back to top]
NRC acts
after Wal-mart loses radioactive signs
By CHUCK BARTELS ,
Associated Press
02.17.09
[back to top]
Dozens of businesses, government
agencies and schools nationwide are counting exit signs that contain a
mildly radioactive compound and are to report any losses to federal
regulators after Wal-Mart Stores Inc. said it could not find 15,000 of
the signs.
At issue are glow-in-the-dark signs
that contain tritium, a hydrogen isotope with a radioactive strength
similar to that of material in many smoke alarms.
The Nuclear Regulatory Commission has
not told any organization to stop using the signs, which it says are
"inherently safe." And no special license or worker training is required
to handle them.
But disregarding federal rules for
disposing of the signs can lead to an expensive cleanup later because "a
damaged or broken sign could cause minor radioactive contamination of
the immediate vicinity," according to a fact sheet on the NRC Web site.
The NRC says tritium emits "low-energy
beta radiation that cannot penetrate a sheet of paper or clothing. If
inhaled, it leaves the body relatively quickly."
Wal-Mart (nyse: WMT - news - people )
spokeswoman Daphne Moore said the signs were used in about 4,500
Wal-Mart facilities in the U.S. and Puerto Rico. Wal-Mart bought the
missing ones between 2000 and 2007, when it built or remodeled thousands
of Wal-Mart, Sam's Club and Neighborhood Market stores in the U.S.
The NRC said Wal-Mart bought 70,000 of
the signs in all.
Comment On This Story
The agency asked 61 entities from the
Church of Jesus Christ of Latter Day Saints in Salt Lake City to the
Outrigger Hotel in Honolulu - any buyer of more than 500 signs - to
inventory them and report whether any could not be accounted for,
according to the release.
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Awaits Mortgage Plan Winds Of Change StoriesVideos "Wal-Mart's inability
to account for all the tritium exit signs the company purchased
demonstrates that organizations may not be fully aware of the regulatory
requirements for owning these signs," said George Pangburn, NRC deputy
director for Federal and State Materials and Environmental Management
Programs.
The world's largest retailer said
Tuesday it has checked all of its U.S. stores and removed any signs it
found.
"We assembled a staff, that included
contractors, and went to each store and club in the U.S. and Puerto
Rico," Moore said. "The program was a complete inventory and removal and
replacement."
The team talked to staff, reviewed
documents and signs on hand, she said, adding that the same team removed
the signs. She said the signs were disposed of according to proper
procedures.
She also said, however, that the
missing signs may have been installed in an "unexpected location." Or
they may have been disposed of before the company began its organized
removal of the signs.
Wal-Mart said it has replaced the
signs with other non-radioactive notices that can be seen in the dark.
Included in the list of groups named
by the NRC are retailers, such as Home Depot (nyse: HD - news - people
), and federal operations, such as the General Services Administration
and the Smithsonian Institution. Also included are other businesses,
state government entities, universities and school districts.
The NRC gave organizations 60 days to
respond to its request for an accounting of the signs, information on
how they have been handled and explanations of any discrepancies with
the agency's records.
"They are also subject to NRC or state
inspection and enforcement action (including fines) for violating ...
requirements," the NRC said.
Copyright 2008 Associated Press. All
rights reserved
[back to top]
Microsoft to
Open Stores, Hires Retail Hand
By NICK WINGFIELD,
The Wall Street Journal
February 13th, 2009
Microsoft Corp. said it hired a former
Wal-Mart Stores Inc. executive to help the company open its own retail
stores, a strategy shift that borrows from the playbook of rival Apple
Inc.
The Redmond, Wash., company said it
hired David Porter, most recently the head of world-wide product
distribution at DreamWorks Animation SKG, as corporate vice president of
retail stores for Microsoft.
In a statement, Microsoft said the
first priority of Mr. Porter, who is also a 25-year veteran of Wal-Mart,
will be to define where to place the Microsoft stores and when to open
them. A Microsoft spokesman said the company's current plans are for a
"small number" of stores.
It remains to be seen whether the
effort can add some pizzazz to Microsoft's unfashionable image, which
Apple has sought to reinforce with ads that mock its competitor. Mr.
Porter, in a statement, said there are "tremendous opportunities" for
Microsoft to create a "world-class shopping experience" for the
company's customers.
"The purpose of opening these stores
is to create deeper engagement with consumers and continue to learn
firsthand about what they want and how they buy," Microsoft said in a
statement.
The move is a sign of the deeper role
consumer-technology companies are playing in the retail business,
despite the many risks of straying from their traditional businesses of
making hardware and software. Apple, of Cupertino, Calif., encountered
widespread skepticism when it first began opening its own retail stores
in 2001.
Eight years later, though, Apple's
chain of more than 200 stores around the world are widely credited with
helping the company boost sales of its Mac, iPod and iPhone product
lines. The Apple stores, with their eye-catching architecture,
highly-trained sales staff and "genius bars" that provide technical
support, gave Apple a way to showcase its products in an environment
where they weren't lumped in with a gamut of other electronics items.
Sony Corp. and Bose Corp. also operate their own stores.
At the same time, some large
electronics retailers have fallen on hard times amidst the weakening
economy. CompUSA Inc. last year closed most of its retail stores, while
Circuit City Stores Inc. is in the process of shutting down all of its
stores and laying off more than 30,000 employees.
Wal-Mart will close Macon
center
By Michael E. Kanell,
Atlanta Journal Constitution
February 13th, 2009
[back to top]
Wal-Mart has confirmed that it plans
to shut its return center in Macon, idling 399 workers.
The facility will close in
mid-September, said Dan Fogleman, Wal-Mart spokesman.
In accordance with plant closing law,
Wal-Mart on Thursday filed its plans with the state Labor Department.
The center handles items that are
returned, defective, recalled or overstocked. The goods are then sent
back to suppliers, recycled or donated.
One of six such facilities in the
country, the Macon center serves Wal-Mart stores throughout the
Southeast. But there is more work than the center can handle, Fogleman
said.
“The building can’t operate at the
capacity that we need it to, to serve the Southeast.”
The work will go to “a third party”
contractor in Spartanburg, S.C.
Laid-off workers will have a chance to
look for jobs elsewhere in the company, Fogleman said. Georgia has 134
Wal-Mart stores, 22 Sam’s Clubs and six district centers.
The company employs 54,280 people in
Georgia.
[back to top]
Wal-Mart names Gearhart
top counsel
Associated Press,
02.13.09
[back to top]
Wal-Mart Stores Inc. has promoted Jeff
Gearhart to general counsel and named former counsel Tom Mars as chief
administrative officer.
The world's largest retailer said
Friday that Gearhart will oversee all legal matters for the company's
domestic and international divisions.
Mars will serve in a new position to
oversee compliance, and aspects of the company's human resources
department, including diversity, compensation, talent development and
employment practices and policies.
Mars had served as personal counsel to
Mike Huckabee for part of Huckabee's tenure as Arkansas governor.
Huckabee appointed Mars to run the Arkansas State Police from 1998
through 2001.
Mars and Gearhart will each also carry
the title of executive vice president.
Copyright 2008 Associated Press. All
rights reserved
[back to top]
Wal-Mart
Stores promotes Tom Mars to CAO position
Associated Press,
02.13.09
[back to top]
Wal-Mart Stores Inc., the world's
largest retailer, said Friday that Tom Mars will move into the newly
created role of executive vice president and chief administrative
officer of Wal-Mart U.S.
Mars, 51, will handle human resources
operations for the division as well as oversee the compliance
department.
Mars, previously general counsel of
Wal-Mart Stores (nyse: WMT - news - people ), will be succeeded in that
role by Jeff Gearhart, who also will become an executive vice president.
Gearhart, 44, will lead the department
that handles all legal matters affecting Wal-Mart's domestic and
international markets. He previously served as vice president and
general counsel of the company's corporate unit and most recently served
as senior vice president and deputy general counsel for Wal-Mart Stores.
Wal-Mart said this week that it will
cut 700 to 800 jobs at its northwestern Arkansas headquarters as it
builds fewer new stores this year and makes other operational changes.
The company plans to add jobs at its New York apparel office and expects
"to add thousands of jobs" at Wal-Mart stores and Sam's Club warehouses
this year - including hires at new stores.
In July 2001, the company laid off 100
workers at its headquarters and kept 300 positions unfilled, which
Wal-Mart attributed to economic conditions after a review of its home
office operations. Last year, it cut positions in the apparel office.
In recent weeks, retailers and
manufacturers including Macy's Inc. (nyse: M - news - people ), Bon-Ton
Inc. and Liz Claiborne Inc. (nyse: LIZ - news - people ) have announced
job cuts and other cost-cutting measures as they aim to preserve cash in
the wake of a sharp pullback in consumer spending.
Comment On This Story
Wal-Mart was one of only a handful of
merchants reporting a sales gain in January, while most suffered deep
declines. The overall industry sales decline marked the fourth
consecutive drop in sales from one month to the next since October.
Copyright 2008 Associated Press. All
rights reserved
[back to top]
Police identify man killed in Wal-Mart shopping cart stabbing
By Mary Manning,
Las Vegas Sun
February 12th, 2009
[back to top]
Authorities today identified a man who
died from stabbing wounds he received during a dispute with another man
about a shopping cart striking a vehicle Wednesday afternoon in a
Walmart parking lot.
Oscar Hernandez, 24, Henderson, was
taken to Sunrise Hospital and Medical Center's Trauma Unit, where he was
pronounced dead a short time later, Metro police said. Officers said
Hernandez had been stabbed several times and was laying in the entrance
to the store when officers arrived about 6:44 p.m. Wednesday at the
parking lot at 5198 Boulder Highway near Nellis Boulevard.
Officers caught the suspect in this
case a short distance away with the assistance of witnesses, police
said. He has been identified as 56-year-old Jose Torres-Rodriguez of Las
Vegas, police said. Torres-Rodriguez was taken to the Clark County
Detention Center where he was booked for one count of murder with use of
a deadly weapon, police said.
Police say that Torres-Rodriguez tried
to hit Hernandez with his vehicle and then stabbed him in an arm and a
leg after Hernandez bumped Torres-Rodriguez's vehicle with a shopping
cart.
[back to top]
Could
missing Wal-Mart signs wind up as dirty bomb?
By Muriel Kane,
The Raw Story
February 15th, 2009
[back to top]
A little over a year ago, a routine
audit at Wal-Mart reported a few missing exit signs at the company's
stores and warehouses. As the audit continued, more and more signs
turned up missing, and a month ago, Wal-Mart revealed that as many as
20% of the 70,000 signs at its 4500 facilities cannot be accounted for,
a stunning total of 15,800 signs in all.
This would be of no particular concern
-- except that the signs are radioactive. They contain tritium gas, a
form of hydrogen which is used for emergency exit signs because of its
ability to glow in the dark when the power goes out.
Tritium is not radioactive enough to
be considered dangerous on casual contact. But if eaten or inhaled it
can become absorbed into the body and may lead to cancer or reproductive
abnormalities. Sean-Patrick Stensil of Greenpeace Canada told the
Toronto Star, "The problem is that because it's hydrogen it can actually
become part of your body. The radiation doesn't emit far, but when it
actually becomes part of your cell it's right next to your DNA. So for a
pregnant woman, for example, it can be really dangerous."
There are more than 2 million such
signs in North America, and their use and disposal is supposed to be
monitored by the U.S. Nuclear Regulatory Commission. Despite this,
broken signs are often simply thrown away and wind up leaching their
tritium into landfills. In February 2006, the Pennsylvania Department of
Environmental Protection found that more than half of its water
measurements downstream from landfills showed tritium levels that
violated EPA guidelines for drinking water.
The NRC, whose records reveal a long
series of event notification reports concerning Wal-Mart, has been
seriously shaken up by the oversight failure. On January 16, it sent out
a request for "61 organizations to check tritium exit signs in their
possession against their records and to report any lost or missing signs
to the agency."
The list includes such heavy users of
the signs as AMC Theaters, Boeing, Brigham Young University, the
Department of Veterans Affairs, Hilton Hotels, Home Depot, the
Smithsonian Institution, and the U.S. Postal Service.
Although there is no indication that
the Wal-Mart case involves anything worse than sloppy disposal methods,
the greatest fear is that similar signs could be mixed with explosives
and used to create a dirty bomb. "Most experts think the main purpose of
a dirty bomb is to cause panic, disruption and expensive cleanup rather
than lots of dead bodies," Norm Rubin, the director of nuclear research
at a Toronto firm, told the Star. "A bunch of tritium, especially if
oxidized in an explosion, would probably do that job fine."
Canada is one of the world's major
producers of tritium, which is an abundant by-product of the particular
design used in its nuclear reactors, and two Canadian firms are the
leading North American suppliers of the signs. Compared to the U.S.,
Canada has been relatively lax when it comes to standards for tritium
devices and does not require licensing or close record-keeping.
In 2007, Greenpeace warned that
"releases of radioactive tritium from Canadian nuclear power plants are
so elevated that children under 4 and pregnant women shouldn't live
within 10 kilometres of an atomic generating station, and those living
within five kilometres shouldn't eat food grown in their gardens."
In response, the Canadian Nuclear
Safety Commission issued a report (pdf) in January 2008, asserting that
there was no threat to health because "current tritium levels in
drinking water are orders of magnitude less than the GL of 7,000 Bq/L
near nuclear facilities, and similarly well below the European Union’s
GL of 100 Bq/L."
Ontario Hydro also stated that it
would cost $1 billion to lower tritium emissions to the level
recommended by Ontario’s Advisory Committee on Environmental Standards,
and in the end, no official action was taken. Now Canadian environmental
activists appear to be hoping that the Wal-Mart incident will raise
public awareness of the potential risks of tritium.
[back to top]
Walmart snake bite
victim files suit
Sun-Sentinel
February 15th, 2009
[back to top]
PEMBROKE PINES, FL -- Hollywood
resident Jay Richitelli filed suit against the mega retailer because a
venomous pygmy rattlesnake bit him Just 6 last year in the lawn and
garden section of the Wal-Mart Supercenter in Pembroke Pines, according
to the Sun-Sentinel.
The 42-year-old accuses the store of
negligence for failing to inspect the garden section of the store on
Southwest 184th Avenue for snakes. According to the Sun-Sentinel,
Richitelli is seeking an unspecified amount in monetary damages in the
Broward Circuit Court case. His attorneys said his medical bills could
top $100,000.
Richitelli still suffers from from
respiratory problems because of the bite and his hand is scarred.
Officials say Pygmy Rattlesnake bites are painful, but rarely fatal.
[back to top]
Wal-Mart
hails court ruling on discrimination suit
Reuters
February 14th, 2009
[back to top]
NEW YORK (Reuters) - Wal-Mart Stores
Inc praised a U.S. appeals court decision to rehear a ruling that would
have allowed a sex discrimination claim against the retail giant to
proceed as a class-action lawsuit.
Wal-Mart had been seeking a reversal
of an earlier court decision to approve class-action status for
plaintiffs who claimed, in the Dukes v. Wal-Mart case, that the world's
largest retailer was biased in pay and promotions.
A U.S. appeals court in San Francisco
said on Friday it would rehear the decision.
Jeff Gearhart, a Wal-Mart executive
vice president and general counsel, called the decision a "positive
step."
"It is important to note that the
merits of this case have not been considered by the courts, and we
believe the experiences alleged by the six individuals who brought this
suit are not representative of the experiences of our female
associates," Gearhart said in a statement late on Friday.
He said the retailer "is a good place
for women to work and fosters female leadership among our associates and
in the larger business world."
The Wall Street Journal reported that
a reversal of the class-action status could help contain legal
liabilities for Wal-Mart as plaintiffs would need to proceed
individually.
The legal exposure for Wal-Mart is in
the billions of dollars, the Journal said, citing some of the attorneys
involved.
[back to top]
Microsoft to open own
retail stores
By JESSICA MINTZ ,
Associated Press
02.12.09
[back to top]
Microsoft Corp. on Thursday announced
plans to open its own stores despite the economic downturn that has left
many retailers struggling.
The company hired David Porter, a
25-year veteran of Wal-Mart Stores Inc. (nyse: WMT - news - people ), as
its corporate vice president of retail stores. Porter was head of
worldwide product distribution at DreamWorks Animation SKG (nyse: DWA -
news - people ) Inc. since 2007.
Porter, who is set to start work on
Tuesday, is charged with improving the PC-buying experience. The company
said his first task will be to set the timing, locations and design of
Microsoft (nasdaq: MSFT - news - people )-branded retail stores, which
will sell computers installed with Microsoft software as well as other
company products.
Microsoft has been working to revive
the image of its ubiquitous Windows operating system, starting with a
$300 million advertising campaign that began last fall. Vista, the most
recent version of the software, was widely criticized for being slow,
requiring new and pricer hardware, and not working with devices like
printers and scanners. Vista has also been the subject of a series of
snarky television ads from Apple Inc. (nasdaq: AAPL - news - people )
At the same time it launched upbeat
new TV ads last fall, some of which struck right back at Apple,
Microsoft posted 144 of its own employees in electronics chain stores
around the world to talk with shoppers about Windows.
The "Gurus" seemed to be Microsoft's
answer to Apple's in-store "Genius Bar." With its newly announced retail
store intentions, the Redmond-based software maker is taking yet another
page from Apple's play book. Apple credits its stores, concentrated
mostly in the U.S., for helping boost its profile and draw new
customers.
But Microsoft's timing may be off. The
U.S. recession has socked the retail sector, and purveyors of
electronics have been hit hard. Circuit City Inc. (nyse: CC - news -
people ) filed for Chapter 11 bankruptcy protection in November and said
in January it would liquidate its 567 U.S. stores, cutting more than
34,000 jobs. Best Buy (nyse: BBY - news - people ) Inc. laid off
thousands of corporate employees in December and reported same-store
sales - a key measure of retail health - sank 6.5 percent.
Even Apple, whose iPods, iMacs and
iPhones draw brand-conscious customers willing to spend more for design,
was hit in the holiday quarter by the recession as average sales per
store dropped to $7 million from $8.5 million in 2007.
Microsoft had no comment on the plight
of Apple and the big-box stores, but said its own retail stores can help
shoppers make smarter decisions about spending money on technology.
The company had set up a concept store
at its headquarters with displays of Windows computers, Xbox 360
consoles and games and other items. But the company said it's meant to
help stores like Best Buy see new merchandising ideas in action, and is
not a prototype for stand-alone retail stores.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Wal-Mart Shifts
Apparel Buying to New York
By Matthew Boyle,
Business Week
February 11th, 2009 [back to top]
Wal-Mart Stores' (WMT) decision to
consolidate its apparel buying operations in New York could leave big
vendors like Hanesbrands and VF in the lurch. That's because those
apparel vendors, like most of Wal-Mart's suppliers, maintain sizable
operations near the retail giant's headquarters in Bentonville, Ark.
Hanesbrands (HBI), for example, opened its office in August 2007 to
support its growing business with Wal-Mart, its top customer. VF (VFC),
whose brands include Nautica, The North Face, and Wrangler, also sells
more merchandise to Wal-Mart than to any other customer, and houses
employees in Bentonville.
Sales to Wal-Mart equaled 12% of VF's
total revenue of $7.2 billion in 2007, and 13% in 2006. Hanes is even
more dependent on sales to Wal-Mart, accounting for 27% of its 2007
sales of $4.5 billion. Target (TGT) came next, with 14% of its total.
"Most apparel suppliers with offices in Bentonville do a large business
with Wal-Mart or they couldn't afford to staff a team here," says a
retail operations consultant. Layoffs at Headquarters
The Bentonville-based source says
there are approximately 100 apparel vendor offices there, most with
fewer than 10 employees. A few are larger: Hanes, whose office is in the
Bentonville Plaza, has space for up to 200 employees. There are rarely
that many staff in Bentonville at one time, though, as most employees
rotate in and out.
Wal-Mart disclosed plans on Feb. 10 to
terminate 700 to 800 workers at its corporate headquarters. The cuts in
merchandising, marketing, and real estate positions reflect the
retailer's plans for fewer new stores and more remodels of existing
outlets. As part of the restructuring, Wal-Mart said it plans to add an
undisclosed number of jobs at its apparel office in New York. The
retailer started moving apparel buyers to New York last year. "That is
intelligent—and frankly, very late," says retail consultant and investor
Howard Davidowitz in New York, who recalls leading Wal-Mart founder Sam
Walton around Manhattan to meet with fashion designers. "Can you imagine
having a fashion operation in Bentonville? It never made any sense
whatsoever."
However, the impact on Hanes and
others could be muted, Davidowitz says, since much of the work done by
apparel suppliers in Bentonville has more to do with supply-chain
issues—in other words, keeping the store shelves full. "It's not all
working with the buyers," says Davidowitz. "A big piece of it is
distribution and replenishment." Socks and Underwear Stay in Arkansas
"It is likely that the buying
structure will not change for nonfashion items such as socks, underwear,
and other basics," adds Sandy Skrovan, senior vice-president at retail
consultancy TNS Retail Forward.
According to a Feb. 10 internal
Wal-Mart document obtained by BusinessWeek, the only apparel functions
that will remain in Bentonvillle are "in-season planning, replenishment,
pricing, and modular development," which is industry jargon for store
shelving. All the rest will move to New York, including design and
development, marketing, buying, preseason planning, and brand
merchandising.
Wal-Mart's buying decisions regarding
fashion trends are largely made in showrooms in New York, Davidowitz
says, with orders immediately sent to factories in Asia. "The people in
the fashion business are not residents of Bentonville," he says.
Still, the Bentonville-based
consultant, an expert in retail supply chains and logistics, says the
need for replenishment staff "will be minimal and may not warrant
keeping an office." The vendor could choose to outsource such work, or
have those employees work from home, he says.
Spokespeople for Wal-Mart, Hanes, and
VF could not be reached for comment.
[back to top]
Walmex 4Q
profit climbs 4.5 pct on bargain sales
By OLGA R. RODRIGUEZ ,
Associated Press
02.11.09
[back to top]
Wal-Mart de Mexico SA said net income
rose 4.5 percent in the fourth quarter as the company cut prices to
increase sales amid Mexico's economic slowdown.
Profit at the Mexican unit of Wal-Mart
Stores Inc. (nyse: WMT - news - people ) climbed to 4.9 billion pesos
(US$359 million) from 4.7 billion pesos in the fourth quarter of 2007,
the company said in an earnings report.
Sales rose 8 percent to a record 72.4
billion pesos (US$5.3 billion) as the Mexico City-based retailer slashed
prices to draw shoppers, who are seeking bigger bargains as the economy
slows and unemployment rises.
Mexico has been battered by the
recession in the United States, which buys 80 percent of the goods it
sells abroad. Growth slowed to 1.5 percent in 2008 from 3.3 percent the
year before, as consumer credit tightened and money sent home by
migrants fell 3.6 percent to its lowest level on record.
To combat the downturn, Walmex, as
Mexico's largest retailer is known, froze prices on 500 items and gave
discounts on clothing and appliances in December, its strongest month
for sales, Walmex President and Chief Executive Officer told investors
in a conference call.
Real-Time Quotes 02/12/2009 4:00PM ET
WMT$48.13-0.21%Get Quote BATS Real-Time Market Data by XigniteIt also
opened 102 new stores in the fourth quarter, compared to 63 in the same
period last year, increasing its reach to 1,205 units in Mexico.
As a result, customer traffic
increased 12 percent last year and sales were the highest in the history
of the company, said Chief Financial Officer Rafael Matute.
Comment On This Story
"Our financial strength combined with
our discipline in expenses and our constant search for efficiency
allowed us to heavily invest on prices to drive store traffic and
increase customers loyalty," Matute told a conference call with
investors.
Walmex shares fell .9 percent to close
at 29.2 pesos on Mexico's stock exchange before earnings were announced
on Wednesday.
(This version CORRECTS that profit was
4.5 percent sted 9 percent.)
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Wal-Mart Cuts Jobs
By Lana F. Flowers,
The Morning News
February 10th, 2009 [back to top]
BENTONVILLE -- Hundreds of Wal-Mart
and Sam's Club corporate office workers lost their jobs Tuesday as the
world's largest retailer restructures to cut costs in a dismal economy.
"We expect the changes to impact
approximately 700-800 Home Office positions including merchandising,
real estate, marketing and support divisions in Wal-Mart U.S., Sam's
Club merchandising and some corporate functions," said Mike Duke,
Wal-Mart president and CEO, in a memo distributed to employees and the
media early Tuesday afternoon.
Those who lost their jobs included
marketers and buyers in the pharmacy, optical and medical clinics
division, which are consolidating into one division of health and
wellness, said Wal-Mart spokesman David Tovar. The health and wellness
consolidation is resulting in job losses that are included in the
overall total, though Tovar did not provide specific numbers or wage
ranges.
Wal-Mart is also moving its apparel
positions to New York City, Tovar said. Living expenses will be higher
in the Big Apple, so those workers will earn more than if the positions
stayed in Northwest Arkansas, he said. But, having employees at the
center of the garment district -- close to designers, suppliers and
trend watchers -- will make Wal-Mart's apparel division more efficient,
he said.
Wal-Mart is opening fewer U.S. stores
-- about 125 to 140 this year compared with 191 two years ago, Tovar
said. That means the company needs fewer real estate employees to find
store sites and negotiate land purchases and leases, he said.
However, Wal-Mart expects to add jobs
in its store planning division responsible for remodeling stores, Tovar
said. He did not provide a specific number. *
Analysts React
There are "at least 1,000 companies"
that would like to trade places with Wal-Mart from a financial health
standpoint, said Scott Alaniz, portfolio manager with Boston Mountain
Money Management in Fayetteville.
"Wal-Mart is being very proactive as
these cuts early in the fiscal year tell me the company is seeing some
serious economic trends out there, prompting them to go leaner," Alaniz
said.
He believes Wal-Mart's footprint will
be larger in five years, but in the meantime it must muddle through a
weak trough as there "is no place to hide."
As a Wal-Mart shareholder, Alaniz said
he applauds the company's efforts to stay profitable and uphold its
fiduciary responsibility. But as a resident of the area, Alaniz said he
fears the 5 percent employment reduction will be a major blow to
consumer confidence and likely will hinder the region's economic
recovery from happening in 2009.
The economy definitely is suffering
when a global discounter such as Wal-Mart lays off employees, said Scott
Krugman, spokesman for the National Retail Federation, a trade
association.
"Consumers right now are not spending
and when they are it is on necessity purchases. Everyone is taking a
hold-their-breath approach on the next stimulus package, the banking
bailout package," Krugman said.
He doesn't expect any changes until
the third quarter and anticipates retailers will continue cutting costs
to keep stores open.
Uncertain Future
Former Wal-Mart workers will get paid
for 60 additional days and receive health coverage for that time, Tovar
said. Those eligible will be given severance pay, based on their
tenures.
Author Michael Bergdahl, a former
Wal-Mart human resources executive, said if he were a Wal-Mart supplier,
he would find out who the former employees are.
"I would snap up some of these people
who know the culture," Bergdahl said. Many Wal-Mart suppliers have local
offices.
Tovar confirmed Wal-Mart has
prohibited former employees from working for suppliers for at least one
year after leaving. However, that waiting period -- along with the
prohibition of working for a vendor in a specific category -- has been
waived so former employees can immediately apply for vendor jobs, Tovar
said.
Not every former Wal-Mart employee is
suited to a vendor job.
"Vendors can have specific
requirements," said Cameron Smith, who owns an eponymous recruiting
firm. Those specific skills could be as precise as finding someone who
is a marketing expert for Latina cosmetics.
Smith said his firm has been hired by
five other companies in the past two weeks to provide "job triage"
services, such as resume writing and job search tips, to laid-off
employees.
Kathy Deck, director of the Center for
Business and Economic Research at the Sam M. Walton College of Business
at the University of Arkansas, doesn't think those laid off are likely
to be absorbed quickly into the local economy.
Allowing displaced workers to apply at
vendors won't have a significant impact on job availability, Deck said.
The type of jobs offered locally by vendors are more customer-relations
oriented and don't match the skill-sets of those laid off by Wal-Mart,
she added. There aren't enough marketing, merchandising and real estate
positions in the region to absorb 700 to 800 new hires in the near
future, Deck said.
Time Of Change
Duke succeeded Lee Scott as president
and chief executive officer on Feb. 1 after Scott retired. Doug McMillon,
former Sam's Club CEO and president, succeeded Duke as president and CEO
of Wal-Mart International.
Wal-Mart as of Monday had not named a
new Sam's Club president and CEO to take McMillon's place. Tovar said
the company plans to name a Sam's Club president but did not give a
specific date or a short list of job candidates.
Duke said Wal-Mart expects more
restructuring.
"Starting today, and over the next few
weeks, you will be hearing from your leaders about some important
changes designed to align our staffing and organizational structure to
increase operational efficiencies, support our strategic growth plans
and help reduce our overall costs," Duke's memo stated.
However, the restructuring won't
impact stores, Duke said.
"As part of our overall store plan, we
will continue to add thousands of jobs in our stores and clubs this
year," he said.
'It Is Bad Out There'
Wal-Mart reported same-store sales at
its U.S. stores increased 2.1 percent in January, a time when other
retailers reported sales decreases.
However, Wal-Mart operates on a thin
margin of about 3 cents on the dollar.
The layoffs from a retailer where
consumers buy basics, from milk to bread to diapers to automotive oil,
shows how bad the economy is, Deck said.
"It is bad out there. I don't think
it's hard to overstate right now just how bad it is," she said.
Though Wal-Mart is performing well
among retailers, the company still must think strategically about its
costs and work force, Deck said.
Increased purchases of consumables and
declining gasoline prices likely affected Sam's Club sales and earnings,
which caused Wal-Mart executives to scrutinize the bottom line, said
Richard Hastings, a Charlotte, N.C.-based consumer strategist with
Global Hunter Securities.
Hastings does not make stock
recommendations or set target stock prices, but Global Hunter Securities
does.
Wal-Mart employees also are suffering
from "technological undertow," Hastings said, meaning technology from
computers to databases such as Retail Link make it easier to do more
work with fewer people.
"You can have more people that are
working on things on a project basis or who can do things on a long-term
contract basis. The appeal to have a lot of full-time committed,
benefited staff is not as urgent as it was and there are a lot of
alternatives today," Hastings said.
Bergdahl said Wal-Mart holds store
managers to strict payroll budgets and if sales decrease, so must the
hours employees work. The same thing likely is happening at the
corporate office, Bergdahl said, as the company attempts to streamline
payroll and become more cost-efficient.
"It's a sign of the times and Wal-Mart
is being fiducially responsible to its shareholders," Bergdahl said.
He noted Wal-Mart is investing more
money in international stores, with the recent opening of an office in
Moscow; the acquisition of 58.2 percent of Santiago, Chile-based
Distribucion y Servicio D&S S.A., Chile's largest food retailer; and the
BestPrice Modern Wholesale joint venture with Bharti Enterprises in
India. The first BestPrice store will open in Punjab, India, later this
year.
"Wal-Mart is only in 14 countries and
yet there are 200 countries in the world," Bergdahl said.
Shares of Wal-Mart (NYSE: WMT) closed
Tuesday at $47.72, down $1.56. The share price ranged from a $63.85 high
to a $46.25 low, set Feb. 2, in the past 52 weeks.
The Morning News' Kim Souza
contributed to this report.
Text of the memo Wal-Mart Stores Inc.
president and CEO Mike Duke distributed to Wal-Mart employees and the
media on Tuesday afternoon:
Corporate Announcement
To: All Home Office associates
From: Mike Duke, president and CEO,
Wal-Mart Stores, Inc.
Date: February 10, 2009
RE: Organizational Changes
Dear Home Office associates:
As the new fiscal year begins, we find
ourselves living in unprecedented times, and I am reminded every day of
how our company is uniquely positioned to help Americans weather the
economic storm. We know that millions of working men and women are
relying on our low prices more than ever before, and we must continue to
be an advocate for them.
Starting today, and over the next few
weeks, you will be hearing from your leaders about some important
changes designed to align our staffing and organizational structure to
increase operational efficiencies, support our strategic growth plans
and help reduce our overall costs. Some of these changes will involve
reductions in Home Office positions while others will create additional
management jobs elsewhere. And, as part of our overall store growth
plan, we will continue to add thousands of jobs in our stores and clubs
this year.
We expect the changes to impact
approximately 700-800 Home Office positions including merchandising,
real estate, marketing and support divisions in Walmart U.S., Sam's Club
merchandising and some corporate functions. The restructuring will not
impact store and club operations.
We do not make these decisions
lightly, and every individual decision was carefully considered. We
recognize this is a difficult development for the members of our
Wal-Mart family who will be leaving the company. While the number of
associates that will be impacted by the restructuring is very small
compared to the 2.2 million associates we have worldwide, I can assure
you that we will treat them with care and dignity and help support them
during their transition, consistent with our basic beliefs and respect
for the individual.
If there is one constant in our
organization, it is change. We are committed to our purpose of helping
people save money so they can live better and we will continue to take
appropriate steps to further align our support structure with our
business plans. We must also challenge costs in every corner of the
company in order to keep our business strong today and well into the
future.
We care about our associates,
especially during times like these. Thank you for everything you have
done and will do to serve our customers and help make our company
better.
Mike
[back to top]
Hard Times May
Soften Opposition to Wal-Mart
By George Anderson
Retail Wire
02/10/09
[back to top]
Wal-Mart is hoping that current
economic conditions will make it easier for the chain to gain entry into
Chicago. The chain, which operates one store in the city at the moment,
has faced fierce opposition from organized labor and other groups in
past attempts to build new locations.
Working to its advantage is that new
Wal-Mart stores will bring construction and retail jobs, added tax
revenues, plus savings for consumers in the area where it builds.
According to reports, the retailer is looking at about a dozen sites in
the city with plans to open as many as five new stores.
John Bisio, a spokesman for the chain,
told the Chicago Tribune, "The West Side store set an example as a good
employer, a good merchant... a real economic engine... This is nonsense
that we don't have more Wal-Mart stores in Chicago."??
Chicago alderman Howard Brookins said
Wal-Mart would be building a store on the city's 21st Ward on the South
Side.
"In an economy where retailers are
laying off people, it makes more sense than ever to pull the trigger,"
Mr. Brookins told the Trib. "This would mean hundreds of millions of
dollars in construction revenue."??
Labor intends to fight any move by
Wal-Mart to open new stores within Chicago's city limits.
"It's clear they are trying to take
advantage of the economic crisis that's out there and use that for
political leverage," said Jerry Morrison, executive director of the
Illinois State Council of the Service Employees International Union (SEIU).
"In an economic crisis, you cannot go on giving people non-subsistence
wages and having the state subsidize their health care."
Discussion Questions: Will current
economic conditions get Wal-Mart fast-track approval to build multiple
new stores in Chicago? Do Wal-Mart and other retailers have added
leverage to gain concessions from local and state governments when it
comes to new construction at the present time? How much of a factor is
this in deciding to build?
Wal-Mart to renew effort to add stores
in Chicago - Chicago Tribune
Comments
Wal-Mart still wants to dominate
retail. Struggling Main Street retailers will voice their opposition
more strongly than ever since they do not have a seat at the bailout
table. Bob Phibbs, President/CEO, The Retail Doctor & Associates -
Braintrust Panelist
The weak economy has given Wal-Mart
leverage, not only in opening new stores but with suppliers as well. So
this is a no-brainer. When the economy was good, more power was put in
the hands of local governments and the anti-Wal-Mart fanatics. The
decision to build has already been made. The next step for Wal-Mart is
to continue to squeeze as many dollars as they can from local
governments to help finance their ventures. The fact that Wal-Mart has
decided to slow its growth has given them more leverage. Kind of a
coincidence the economy tanked about the same time Wal-Mart was scaling
back its growth. David Livingston, Principal, DJL Research - Braintrust
Panelist
Most any city or town is more likely
to grant concessions to builders in this economy. There will be those
who will argue that Wal-Mart will create jobs on the one hand and put
smaller competitors out of business on the other. Wal-Mart has
rehabilitated its image a great deal, but this will still not be a slam
dunk. They'll go through more scrutiny than others might, and the unions
will certainly stir the pot and make life more difficult than it has to
be. So it'll be costly, time consuming and difficult, but it'll happen.
Warren Thayer, Editor, Refrigerated & Frozen Foods Retailer, BNP Media -
Braintrust Panelist
Last month almost 600,000 jobs were
lost in the U.S. Over the last 3 to 4 months 1,500,000 people lost jobs.
One wonders how many members of the SEIU lost theirs. It seems that Mr.
Morrison would rather have people out of work than working and making
some kind of money. Perhaps, Mr. Morrison believes that anyone who
doesn't belong to his union doesn't deserve a job. I hope the Wal-Mart
plans get fast tracked in Chicago. We have to stop the bleeding in this
economy and this is certainly is a step in the right direction. I can
assure a very, very near sighted Mr. Morrison that if these Wal-Mart
stores are completed and opened, in spite of that that the number of
employed retail workers in Chicago will be less than today and the
number of empty retail buildings will continue to grow.
The risk of expanding a retail
business in today's environment is extraordinary. From a retailer's
point of view, if the risk of opening a new store is lessened to the
point that they can make a positive decision to enter a market, then
whatever institutions can, should provide concessions to lessen that
risk.
Gene Detroyer, Entrepreneur, Advisor,
Consultant, Counselor, Independent - Braintrust Panelist
This is Chicago we are talking about
here, folks. The key question is not whether the unions will get shushed
in this economy. They will--provided that Wal-Mart has finally connected
with the developers who are connected. Ben Ball, Senior Vice President,
Dechert-Hampe - Braintrust Panelist
Every city, county, state, and federal
taxing authority is saying invest dollars, bring jobs and we will
support you. Why should Chicago be any different? Mel Kleiman,
President, Humetrics - Braintrust Panelist
Wal-Mart is the world's leading
retailer. It provides a lot of savings to the families that need it
most. Get over it Chicago!!! Just don't roll over. Make sure that you
are not providing city services and concessions that are inappropriate
to Wal-Mart's contribution. Too many neighborhoods have been destroyed
when Wal-Mart wipes out the mom and pops only to move across town after
a few years. If Wal-Mart wants to invest in Chicago's future, make them
stay as a good neighbor for generations, just like the mom and pops
have. Bill Robinson, Senior Executive, QuantiSense - Braintrust Panelist
While it may improve their odds, I
sure hope the greater wisdom is evident--that they destroy the fabric of
community, disrupt lives, and drive a new economy we can live without.
The question is, can Americans be disciplined to live with a little less
convenience, and can independent locally-owned retailers step it up
enough to satisfy the reasonable expectations of consumers? Many of them
have created their own problem by crying the blues when they have laid
down and expected someone to "do something about it," rather than
stepping it up and meeting the demands of their customers. Sid Raisch,
President, Horticultural Advantage
You'd hope Chicago would welcome them
with open arms. Why let unions dictate what customers want, anyway?
That's a bad idea from the start. Besides, Walmart is by no means the
"evil" company many portrayed it to be a mere decade ago (Macy's
destroyed Marshall Field's, what has Walmart done?) They've made
tremendous strides on all fronts, including labor. Let's move on, get
retail moving, going in Chicago. Lee Peterson, Vice President, Creative
Services, WD Partners - Braintrust Panelist
Has anyone ever been to South Side or
West Chicago? There's not much there besides check cashing centers,
projects, liquor stores and store-front churches. If Walmart wants to
invest in these areas and give people who have few prospects some honest
work, why not? I seriously doubt Michigan Avenue or Oak Street has
anything to worry about. 'jameseastbay'
This is a tough one. Currently most
consumers living in these areas shop with local convenience stores and
pay crazy prices in relationship to their incomes. Otherwise, they head
downtown and manage parcels on the CTA for the trip home. In the end,
the residents will benefit from prices that will stretch already lean
household budgets.
The local retailers (aka
voters/campaign donors), like local retailers all over Main Street USA,
will be forced out.
Like all of the BIG city employers,
how will Wal-Mart contribute to Chicago?
This is a tough one with plenty of
GOLDEN opportunities. But as we all know, "retail ain't for sissies." 'IMRetail'
With "card check" on the political
horizon, Wal-Mart is picking the wrong time to expand into this
perpetually difficult labor market. Robert Craycraft, Vice President,
Industry Relations, American Resort Development Assn. (ARDA)
The economic environment would seem to
indicate a wider opening for Wal-Mart. But a look at the bigger picture
shows that a few specific factors could dilute any urgency for opening
new Wal-Mart stores. The City Council is heavily entrenched in winning a
bid for the 2016 Olympics, and having a labor-friendly local resident in
the White House doesn't help the retailer's cause either. While there
will be challenges, Wal-Mart clearly has a strong track record of
working with disparate parties to resolve similar situations. Mark Baum,
Partner, Diamond Management & Technology Consultants - Braintrust
Panelist
This should open up opportunities in a
lot of communities that have been hostile to Wal-Mart. There aren't
going to be too many local politicians right now who aren't going to
embrace Wal-Mart bringing in new jobs, regardless of the longer-term
implications. Ted Hurlbut, Principal, Hurlbut & Associates - Braintrust
Panelist
If I was running Wal-Mart marketing
right now, I would be excited by the opportunity for the company to
reinvent itself in the eyes of its detractors. I'd be going back to
every community they desired to enter but were stopped, and putting out
a hand of cooperation and assistance in helping the area out. We have
seen sales grow with the chain due to its pricing and so therefore in
these times, the customer is voting with their pocketbook. Wal-Mart
should come to the table with a new image of support for America. Now
they have a opportunity to build a new platform, similar to how they
started. Jerry Gelsomino, Principal, FutureBest - Braintrust Panelist
[back to top]
Wal-Mart
drives for more Mass. grocery business
By Jenn Abelson,
Boston Globe
February 10, 2009
[back to top]
Wal-Mart Stores Inc., the nation's
largest grocer, is making an aggressive push across Massachusetts to
double its supermarket business over the next year.
The effort to woo more
bargain-conscious Bay Staters includes the construction of a new
supercenter in Worcester and the addition of markets to stores in
Halifax, Hudson, Oxford, Salem, Springfield, and Swansea. A grocery
addition already under construction at Wal-Mart's North Attleborough
location is expected to be completed this fall.
At a time of massive layoffs and store
closings across the Commonwealth, cities, towns, and residents once
dedicated to derailing anything Wal-Mart are rolling out the red carpet
for the discounter. Wal-Mart says its efforts will create 700 jobs at
Massachusetts stores, and it is actively seeking additional store
opportunities in New England, one of the last frontiers for the
Bentonville, Ark., company to conquer.
"Some of the towns have joked that
we're providing the economic stimulus they need," said Christopher N.
Buchanan, a Wal-Mart senior manager of public affairs and government
relations. "There's still a great deal of growth opportunities here."
Across the nation, Wal-Mart has pushed
to convert discount stores into larger supercenters with full-service
groceries. The merchant has faced opposition in other areas of the
country, and New England has been a particularly tough market to crack
because of limited real estate and local resistance. But Wal-Mart says
it is facing fewer obstacles here these days as consumers increasingly
hunt for bargains and communities look to attract businesses and jobs
during these tough economic times.
In just five years, Wal-Mart has taken
away about 3 percent of retail food sales in New England - or about $1
billion - from traditional stores, according to the Griffin Report of
Food Marketing, a trade publication in Duxbury. Wal-Mart currently is
the sixth largest grocery chain in New England with $1.5 billion in
sales at its 37 supercenter stores. And analysts predict the discounter
will gain market share at an accelerated pace over the next five years
as it opens more supercenters across the region.
Each of Wal-Mart's new supercenters
will house traditional general merchandise, such as clothes and toys, in
addition to a full-service market with fresh produce, a delicatessen,
bakery, dry and frozen goods, and meat and dairy departments. Retail
analysts, who estimate the grocery items are often priced anywhere from
10 to 20 percent lower than at competitors, expect the supercenters to
help drive down prices at rival chains and permanently alter the
supermarket landscape in New England.
"The timing is right for the Wal-Mart
expansion because consumers are looking for a bargain," said Kevin
Griffin of the Griffin Report of Food Marketing. "It's safe to say that
the top traditional grocers, the Stop & Shops, the Shaw's, are scared.
Wal-Mart is a major threat because they price so competitively. And this
is a business that runs on small margins anyway."
So far, rival chains with a big
presence in New England have declined to comment specifically on
Wal-Mart's grocery plans.
"Stop & Shop continues to offer
customers great values and great food when they shop in our stores,"
said spokeswoman Faith Weiner a spokeswoman for New England's top grocer
with about 244 stores and about $7.4 billion in sales in 2008. "We focus
each day on serving customers through a great shopping experience. We
don't focus on the competition, only on continuing to improve and be
responsive to our customers."
Judy Chong, a spokeswoman for Shaw's,
the second-largest chain in New England with roughly 200 stores and $5.1
billion in sales, said the company continuously evaluates consumer
research "to ensure that we are best meeting consumer shopping needs by
providing them with great overall value."
Wal-Mart's movement to add groceries
will hurt existing supermarkets because of lower prices, said Al Norman,
who takes credit for stopping Wal-Mart from locating in his hometown of
Greenfield in the early 1990s. He said Wal-Mart will ultimately force
competitors to close. He says the opposition to the company is as fierce
as ever, with residents still concerned about sprawl, negative impact on
local businesses, and traffic congestion.
"New England has been very hostile to
Wal-Mart," said Norman, who founded Sprawl-Busters Alert, which helps
community coalitions fight megastores like Wal-Mart and other
large-scale developments.
But Wal-Mart, which is in the
beginning of the approval and permitting process for most of the
expansions, thinks New England communities are ready to embrace its
supercenters.
"We're not facing the same level of
opposition that we once did, given the economy, and the job we've done
as a company to better explain ourselves to the community," Buchanan
said.
Timothy McGourthy, Worcester's
director of economic development, said the developer of the Wal-Mart
project spent many months working with the neighbors and environmental
groups and addressing the city's concerns. "This project was approved
because it was a good project," he said.
In recent years, Wal-Mart also has
worked closely with locals to organize support, including the creation
of the New England Customer Action Network, which has 60,000 customers
who have volunteered to help the company get out the positive word for
new stores and expansion projects.
Wal-Mart shopper Edward Hamel, 78, has
already agreed to show up at the next hearing for the Swansea expansion.
"I've lived in town for 50 years and
I've seen the good, the bad, and the ugly," said Hamel, who has already
written letters in support of the expansion. "This town needs Wal-Mart.
They have a lot of good things for people who don't have a lot of
money."
© Copyright 2009 The New York Times
Company
[back to top]
Grocer Price War Threaten
Margins
Melinda Peer,
Market Scan
02.10.09
[back to top]
An analyst downgrades Kroger and
Safeway on expectations that lower prices will hurt the bottom line.
Kroger Co. 02/12/2009 4:02PM ET$21.40-$0.13-0.60%
Supermarkets have declared war,
aggressively slashing prices to win over cost-conscious consumers.
However, this is imperiling their margins, one analyst said Tuesday.
Citing expectations for a "modern-day
price war," Citi analyst Deborah Weinswig downgraded Kroger (nyse: KR -
news - people ) to "hold" from "buy" and Safeway (nyse: SWY - news -
people ) to "sell" from "hold." She also reduced earnings estimates on
both grocers in addition to Supervalu (nyse: SVU - news - people ) and
Wal-Mart Stores (nyse: WMT - news - people ).
Shares of supermarket operators closed
Tuesday broadly lower. Supervalu fell 8.3%, or $1.62, to $17.93, Kroger
lost 6.4%, or $1.47, to $21.44, and Safeway shed 6.4%, or $1.41, to
$20.50. Great Atlantic & Pacific Tea, which operates A&P, Pathmark and
Food Emporium stores, closed down 7.6%, or 55 cents, at $6.65 and Whole
Foods Market dropped 5.3%, or 59 cents, to $10.48.
The sector has been one of the few to
benefit from the global economic slowdown since deteriorating home
values and staggering job losses have prompted Americans to save money
by preparing more meals at home. (See "Grocers Cash In As Americans Eat
Cheap.") As economic conditions continue to deteriorate, shoppers are
increasingly seeking out the lowest prices--especially on
company-branded products--raising the stakes for stores wanting to be
seen as offering the best value for the buck. (See "Food Markets.")
"While we expect the 'trade in' from
the restaurants and 'trade over' to private label to benefit the
supermarkets, we do not believe it will be enough to offset pricing
pressure from competitors," Weinswig said, pointing to price-slashing at
regional grocers and promotions for lower prices in the future.
Furthermore, Weinswig expects Wal-Mart
to boost its private-label offerings. The retailer's private-label
offerings currently account for 16.0% of products compared to 27.0% at
Kroger and 25.0% at Safeway.
The retailer, which is already known
for its competitive prices, is planning on relaunching its Great Value
brand this year as a way to appeal to budget-minded shoppers.
Comment On This Story
"We believe that Wal-Mart would likely
invest the margin gains from private label back into price to gain
market share. These actions could dampen topline sales and gross margin
in 2009," Weinswig said. On Tuesday, she lowered the company's price
target to $60 a share, from $65, previously.
Wal-Mart's stock closed Tuesday down
$1.56, or 3.2%, at $47.72.
[back to top]
Wal-Mart
cutting 700-800 jobs at headquarters
By CHUCK BARTELS ,
02.10.09
[back to top]
Wal-Mart Stores Inc. will cut 700 to
800 jobs at its northwestern Arkansas headquarters as it builds fewer
new stores this year and makes other operational changes, the world's
largest retailer announced Tuesday.
The cuts are in Wal-Mart (nyse: WMT -
news - people )'s real estate, apparel and health and wellness
departments, spokesman David Tovar said. Wal-Mart would not say how many
jobs will be cut in each segment.
Tovar said employees will be told of
the cuts in the next couple of weeks and there was no immediate plan to
make other positions within Wal-Mart available to them.
But he said the company also plans to
add jobs at its New York apparel office and expects "to add thousands of
jobs" at Wal-Mart stores and Sam's Club warehouses this year - a figure
that includes hires at new stores.
Last year, Wal-Mart opened 166 new
stores, but this year that number will be between 125 and 140 - leading
to the cuts in the real estate unit.
Obviously, we don't need as many
people to do the work to site a new store, to build a new store," Tovar
said. But since Wal-Mart is expanding its program to renovate and expand
stores, it will hire more workers in that area, he said.
Tovar said Wal-Mart added 33,800 jobs
last year from new stores. "We expect growth in the tens of thousands
this year as well," he said. Worldwide, it has more than 2 million
employees, and 14,000 work at the headquarters.
Comment On This Story
The company is moving positions in its
apparel buying and planning group from Bentonville to New York.
Related Stories Unemployment Surges;
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2009 Layoffs Wal-Mart Rolls Back Earnings Outlook Retail Woeful; Street
Subdued Related Videos Coca-Cola Beats Rio Tinto In The Spotlight JA
Solar Gets Burned Street Sees Stimulus, Earnings Murder, She Wrote
StoriesVideos "New York City is the fashion hub and we needed to have
more people located there," Tovar said.
In health, Wal-Mart is consolidating
three areas into one. Pharmacy, optical and in-store health clinics have
operated as separate units. Combining them will result in job cuts.
Workers whose jobs are cut would be
paid for 60 additional days and will receive health coverage for that
time, he said. Those eligible will be given severance pay, based on
their tenure. He said the company would waive its policy of not letting
employees immediately take jobs with vendors, and outplacement services
would be available.
Wal-Mart shares fell $1.61, or 3.3
percent, to $47.67 in an overall lower market Tuesday.
In July 2001, the company laid off 100
workers at its headquarters and kept 300 position unfilled, which
Wal-Mart attributed to economic conditions after a review of its home
office operations. Last year the company cut some positions in the
apparel office.
In recent weeks, major retailers and
manufacturers including Macy's Inc. (nyse: M - news - people ), Bon-Ton
Inc. and Liz Claiborne Inc. (nyse: LIZ - news - people ) have announced
massive job cuts and other cost-cutting measures as they aim to preserve
cash in the wake of an unprecedented pullback in consumer spending.
Wal-Mart was one of only a handful of
merchants that reported a sales gain in January, while most others
suffered deep declines. The overall industry sales decline marked the
fourth consecutive sales drop since October.
Sam's Club rival Costco Wholesale
Corp. (nasdaq: COST - news - people ) has said its profit for the
quarter ending in February will "substantially" miss Wall Street
estimates due to poor sales and margins.
Copyright 2008 Associated Press. All
rights reserved
[back to top]
Lawyer: Wal-Mart stampede witnesses get grand jury call
By ANN GIVENS ,
Newsday
February 6th, 2009
[back to top]
Witnesses to a shopper stampede that
killed a man at a Valley Stream Wal-Mart on Black Friday last year have
been called to testify before a special grand jury investigating what
happened that day, their lawyer said.
Robert Steinberg of Garden City, who
represents two people who were hurt in the melee, said one of his
clients has already testified to the grand jury. He said the other has
been subpoenaed. He declined to identify them.
If a grand jury has been empaneled to
look into the case, it could mean that the district attorney is
exploring criminal charges against Wal-Mart, experts said.
The district attorney's office has
previously acknowledged investigating how Wal-Mart prepared for the
flood of shoppers the day after Thanksgiving. The chain has said it
hired additional security personnel, staffed the store with more
employees and erected barricades at the Green Acres Mall location in
anticipation of a crowd.
Eric Phillips, a spokesman for Nassau
District Attorney Kathleen Rice, would not confirm that a grand jury has
been empaneled because he said there is an ongoing investigation into
what happened.
Wal-Mart spokeswoman Daphne Moore also
would not confirm that a grand jury is meeting, and would not speculate
on the possibility that the superstore could be charged with a crime.
Seasonal security worker Jdimytai
Damour, 34, of Jamaica, Queens, was trampled when some 2,000 frenzied
shoppers broke through a glass door in a rush to get to special
Christmas sale items.
Damour's family, as well as several
people who were caught up in the melee, have filed lawsuits against
Wal-Mart.
Damour's "family supports any effort
to investigate this terrible tragedy, and ensure that justice is
served," said Andrew Libo, a Manhattan lawyer representing Damour's
relatives.
The grand jury could indict Wal-Mart
on a charge of criminally negligent homicide - the charge experts said
would be most likely. If so, prosecutors would have to prove that the
company failed to perceive that it was taking a substantial risk in the
way it handled the Black Friday event, said Eugene O'Donnell, a law and
police science professor at John Jay College of Criminal Justice in
Manhattan.
Prosecutors would likely focus on how
much warning the store had that such a large crowd might turn up and how
it trained employees and security personnel, among other things,
O'Donnell said.
If Wal-Mart were found guilty, it
could be punished with a fine - up to $5,000 for a misdemeanor or up to
$10,000 for a felony. It could also receive a "conditional discharge"
with stipulations that could include providing restitution to people
hurt in the crush or their families, O'Donnell said.
James Acker, a criminal law professor
at Albany Law School, said even though $10,000 is a pittance to a huge
company like Wal-Mart, it can make a strong symbolic statement.
"It's an attention-getting device that
shows the community that this is serious," he said
[back to top]
US retail
sales fall; Wal-Mart scraps monthly view
By Karen Jacobs,
Reuters
February 5th, 2009
[back to top]
ATLANTA, Feb 5 (Reuters) - Most U.S.
retailers reported lower monthly sales for January, although discounter
Wal-Mart Stores bucked the trend with a stronger-than-expected increase
as shoppers stocked up on necessities such as food.
Retailers as a whole delivered a 1.8
percent same-store sales decline in January. That's the second-weakest
monthly drop since Thomson Reuters began tracking the data in 2000,
behind a 2.1 percent fall in November 2008.
Apparel stocks posted some of the
biggest share price gains, and Christine Chen, an analyst with Needham &
Co, said the sector could be approaching a bottom.
Most retailers maintained or slightly
raised their guidance, Chen noted, adding, "That sends a message to
investors that maybe numbers are finally low enough and expectations are
finally low enough."
Wal-Mart's (WMT.N) U.S. sales at
stores open at least a year rose 2.1 percent, excluding gasoline, better
than Wall Street estimates of a 1.1 percent rise.
Excluding Wal-Mart, the decline was
5.7 percent, with apparel chains like Gap (GPS.N) and department store
operators like Saks Inc (SKS.N) posting the sharpest drops.
Wal-Mart shares rose 4.3 percent,
while the Standard & Poor's Retail Index .RLX advanced 2.8 percent.
The International Council of Shopping
Centers forecast that U.S. same-store sales will drop 1 to 2 percent in
February. The group said it expects sales to stay "sluggish" for six
months, but sees the rate of decline moderating later this year.
For a table of same-store sales
results, see [ID:nBNG143462].
WAL-MART SCRAPS MONTHLY FORECASTS
Wal-Mart also said it would no longer
issue monthly sales forecasts because of volatile consumer habits, in a
further sign of concern over the economy. Instead, the world's largest
retailer will give forecasts on a 13-week basis, four times a year.
Two other chains, Pacific Sunwear of
California (PSUN.O) and Chico's FAS (CHS.N), also said they would stop
reporting monthly same-store sales.
"Wal-Mart follows a long line of
companies deciding not to provide guidance," said retail analyst Todd
Slater of Lazard Capital Markets. "It suggests a significant lack of
visibility."
Wall Street estimates for January were
already depressed following December sales that reflected the weakest
holiday shopping season in nearly 40 years.
While deep discounting attracted some
shoppers, cooler temperatures slowed traffic in parts of the United
States. A drop in gift-card use during January, typically a month driven
by clearance sales, also contributed to the weakness.
Industry leaders are braced for more
pain as jobless numbers continue to rise and access to credit remains
tight.
"We don't expect nor do we plan for
improvement in customer traffic in 2009," J.C. Penney (JCP.N) Chief
Executive Myron Ullman told analysts. "We believe that the current
environment is not of short duration."
On Thursday, the National Retail
Federation trade group repeated its call for a series of temporary
sales-tax holidays, saying the current U.S. economic stimulus
legislation might not do enough to spur consumer spending and economic
growth. [ID:nN05509470]
CLOTHING CHAINS STAND OUT
Still, quite a few retailers such as
Gap Inc, Macy's (M.N), Aeropostale (ARO.N), Ross Stores (ROST.O) and TJX
Cos (TJX.N) raised their profit forecasts. For briefs, see
[ID:nWNAB8748] [ID:nWNAB8750] [ID:nWNAB8790] [ID:nWNAB8874]
[ID:nWNAB8840].
Among clothing chains, standouts
included Aeropostale's 11 percent, same-store sales rise and American
Apparel (APP.A), which managed a 2 percent sales gain for January on top
of a year-earlier 40 percent rise.
Aeropostale shares were up 7.7
percent, Gap gained 6 percent and TJX advanced 10.7 percent. Macy's rose
5.4 percent.
The worst performers included
Children's Place (PLCE.O), with same-store sales down 11 percent, and
American Eagle Outfitters (AEO.N), which posted a 22 percent drop.
Department stores continued to ring up declines as mall traffic and
demand for luxury goods suffered.
Talbots (TLB.N), which has struggled
with declining sales as women over 35 pull back on purchases, announced
that it will close stores and cut corporate jobs. The retailer also said
it got a $200 million loan from a majority shareholder that it will use
to pay off debt.
[back to top]
Enterprise and Wal-Mart Boost Their Alternative Fuel Vehicle Fleets
GreenBiz.com
February 4th, 2009
[back to top]
ST. LOUIS, Mo. -- Enterprise
Rent-a-Car is betting big on hybrid cars with the addition of thousands
to its nationwide fleet, as well as special "hybrid branches" that will
make it easier to rent one at 80 locations throughout the U.S.
The company said Tuesday it added
about 5,000 hybrids to its fleet, including the Toyota Prius, Nissan
Altima, Ford Escape and Toyota Camry. Now the company has more than
7,000 hybrids, in addition to another 2,000 of the gas-electric vehicles
at its sister companies National and Alamo.
Enterprise has also designated 80
rental locations in 24 markets as "hybrid branches," which will have a
greater proportion of hybrids that can be reserved online or by
telephone. The hybrid branches are located in Los Angeles, San
Francisco, Sacramento, Fresno, Calif., Orlando, Tampa, Albany, Ithaca,
New York City, Rochester, Eugene, Ore., Portland, Ore., Austin, Dallas,
Houston, Atlanta, Boston, Detroit, Minneapolis, Philadelphia, St. Louis,
Seattle, and Washington, D.C.
The company had previously created
eight E85/FlexFuel branches, which offer a higher concentration of
flex-fuel vehicles in locations near E85 fueling stations.
The addition of the new hybrids
propelled Enterprise to the top of the list of large U.S. alternative
fuel vehicle fleets included in GreenBiz.com's just-released State of
Green Business report.
Meanwhile, Wal-Mart added 26 new
trucks to its fleet that use alternative fuels or hybrid technologies.
The new vehicles include: a full-propulsion, duel mode diesel-electric
Arvin Meritor; 15 trucks at its Buckeye, Ariz., distribution center that
will be converted to run on reclaimed grease, while remaining trucks
will run on 80/20 biodiesel; five trucks working out of a Southern
California distribution center will operate on liquid natural gas; and
five heavy-duty diesel-electric hybrids developed by Eaton and PACCAR
will be deployed throughout the country.
Wal-Mart has improved the efficiency
of its fleet by 25 percent between 2005 and 2008. It now plans to double
fleet efficiency by 2015.
[back to top]
Lawyer
alleges price fix in Wal-Mart-Netflix deal
By KELLY P. KISSEL ,
Associated Press
02.04.09
[back to top]
A series of lawsuits filed across the
country allege that Wal-Mart and Netflix benefited illegally when the
world's largest retailer exited the online DVD rental business in 2005.
Lawyer Daniel Becnel of Reserve, La.,
complained in a lawsuit filed Monday in Baton Rouge that Wal-Mart (nyse:
WMT - news - people ) and Netflix (nasdaq: NFLX - news - people )
improperly negotiated Wal-Mart's departure from the online video market
that previously had only two major competitors, Netflix and Blockbuster
(nyse: BBI - news - people ).
According to Becnel, Wal-Mart's
presence drove down prices and Netflix suffered reduced profits.
Wal-Mart would have suffered, too, if Netflix began selling DVDs, so the
companies entered an improper agreement, Becnel says in the lawsuit,
which alleges antitrust violations.
When Wal-Mart quit the online DVD
rental business, it converted its customers' accounts to Netflix
accounts. Netflix then began promoting Wal-Mart and Walmart.com as
places to buy DVDs.
"Don't conspire to artificially raise
the price to the consumer," Becnel said. The lawsuit says Netflix
customers are paying artificially high prices and are entitled to
refunds with interest.
Real-Time Quotes 02/10/2009 1:59PM ET
WMT$47.64-3.33%NFLX$36.960.05%BBI$1.34-1.47%Get Quote BATS Real-Time
Market Data by XigniteA Netflix spokesman said the the company does not
comment on pending litigation. Wal-Mart said there was nothing wrong
with its decision to stop renting DVDs.
"We made our own independent decision
to exit the DVD rental business and our subsequent agreement with
Netflix is entirely proper," Wal-Mart spokeswoman Michelle Bradford said
in a statement. "We intend to defend vigorously our decisions regarding
the products and services offered to our customers."
When it started renting DVDs online in
2003, Wal-Mart charged between $15.54 and $21.94 monthly, depending on
how many videos were out at once. Netflix prices ranged between $13.95
and $39.95.
By May 19, 2005, when Wal-Mart left
the online DVD rental business, most Wal-Mart customers were paying
$12.97 monthly for the right to have two movies at a time while most
Netflix customers were paying $17.99 per month for up to three titles.
Netflix currently charges $16.99
monthly for up to three titles - a dollar less than in 2005. Blockbuster
charges $19.99 for three rentals at a time in a program that allows
exchanges at local stores.
Becnel said the current rates are
higher than they would have been if Wal-Mart had remained in the online
DVD business.
"Defendants would not have entered
into their Market Division Agreement absent an illegal, anticompetitive
agreement not to compete," Becnel's lawsuit says.
Other similar lawsuits were filed in
other jurisdictions, Becnel and Wal-Mart said Wednesday.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Walmart Suspects Charged
By Jay Sorgi,
TMJ4
February 4th, 2009
[back to top]
GERMANTOWN - Prosecutors have now
filed charges against two 17-year-olds accused of releasing a pepper
spray-like substance in the Walmart on Appleton Avenue in Germantown.
Taylor Eppler and Anthony Carr are
making their first court appearance this afternoon.
Police say they took the two into
custody after the teenagers admitted to releasing pepper spray in the
Walmart on Appleton Avenue, making 47 people sick.
"They talked about being in the store
that day, and confirmed that they had a pepper spray type product that
they released in the store," said Germantown Police Chief Peter Hoell
said a press conference.
What they don't have is the reason why
they did it.
"As far as motive, I'm not real sure,"
admitted Hoell.
"It certainly was no accident. It was
definitely a criminal act."
Hoell remarked about how what the two
boys admitted to doing affect dozens of people directly, and hundreds
more indirectly.
"It had a pretty dramatic impact on a
lot of people," said Hoell.
"It had an impact, not only on law
enforcement, but a huge impact on police and fire. They were taken away
from their communities to help us out, so their actions had a huge
impact on a lot of agencies and a lot of people and families."
FBI officials joined Germantown Police
and fire in the investigation of the incident.
The boys could be given a felony
charge of recklessly endangering safety, along with a misdemeanor of
disorderly conduct.
"It's troubling," remarked Hoell.
"It was a senseless act. There was no
reason why they should have committed such an act on so many people.
"I can't speak for them, what their
motivation was, but I don't know if they realize how many people they
impacted, how many agencies they impacted, how many lives they impacted,
especially the victims.
"We're going on three weeks since the
incident, so you're talking about a fairly long period of time of people
feeling that anxiety over some of the answers. We simply weren't able to
provide them."
Hoell explained that it took
surveillance video to find the boys.
"The surveillance video showed
numerous people, especially in areas where we noticed people being
affected," said Hoell.
"Eventually, we came across these two
17-year-olds who were obviously interviewed yesterday, and as a result
of that interview, were taken into custody."
The process of finding the boys, and
them admitting what they used, explains why it took so long to get an
answer on what the substance was that they used.
"This was such a large-scale event,"
Hoell explained.
"We had multiple people feeling health
effects of various degrees, some as severe as passing out and vomiting.
It was a huge playing field as far as our investigation goes.
"One of the concerns we had was that
they were getting sores in their mouths and their noses, and flu-like
symptoms for a lengthy period of time.
"I'm sure it was troubling that we
didn't' know what the substance was or what was released, so they're
going day after day not knowing if their health conditions would
improve, or (whether) it would get worse."
[back to top]
Another Shoplifter
Death at Wal-Mart
By Al Norman,
The Huffington Post
February 4th, 2009
Oh no, not again.
[back to top]
The media in Missouri reported Tuesday
that a 38 year old caucasian man, identified as Russell S. Palmer, died
Monday night, February 2nd while struggling with two Wal-Mart security
guards as the result of an alleged shoplifting incident.
The fatality was a repetition of a
similar death-by-shoplifting scene that took place less than two months
ago in North Myrtle Beach, South Carolina, when 53 year old Patrick
Donovan died while being wrestled to the pavement by Wal-Mart employees.
The retailer alleges that Donovan had stolen $393 worth of merchandise.
Wal-Mart workers and one bystander held Donovan down, while one leaned
on his back and another held down his arms and head. The police report
says they told Donovan to stop fighting, and asked witnesses to call
911. By the time Donovan had stopped struggling, he had died.
A similar harrowing incident took
place in August of 2005, when 30 year old Stacy Driver, of Cleveland,
Ohio, a master carpenter and the father of a two year old son, died on
from a heart attack while lying in a Wal-Mart parking lot. Driver was
pinned down on the burning hot pavement by several Wal-Mart workers who
accused him of shoplifting a package of diapers, a pair of sunglasses, a
BB gun, and a package of BBs. After Driver was handcuffed, one
eyewitness said a Wal-Mart employee had his knee on the man's neck and
others were putting pressure on his back. "Finally the guy stopped
moving and the employees got off him," the eyewitness told police. "They
wouldn't call an ambulance. I looked at him and said, 'Hey, he's not
breathing,' but one guy told me (Driver) was just on drugs."
The Kansas City Star described this
latest death as the result of a 'scuffle,' which took place at Wal-Mart
supercenter #234 on North Church Avenue in Kansas City, Missouri. Palmer
reportedly "went limp and abruptly stopped fighting," while being
subdued by Wal-Mart employees. The guards attempted to conduct CPR on
Palmer, but he died later in the hospital.
The Kansas City police said that
according to the suspected shoplifter's girlfriend, Palmer took drugs
for an unspecified medical condition. One TV station claimed that Palmer
was a crack cocaine user, with a prior arrest record for stealing.
Wal-Mart issued a statement extending
its "deepest sympathies to the family."
According to one Wal-Mart employee
handbook, workers are told: "Great caution must be used in any
shoplifting situation. If you suspect someone is shoplifting, maintain
eye contact with the suspected shoplifter and notify a member of
management. DO NOT, in any circumstance, accuse or try to apprehend a
shoplifting suspect on your own. You may assist in the apprehension if
directed to do so by a member of management or Loss Prevention."
Wal-Mart also tells its employees, "Wal-Mart takes a very stern view of
shoplifting and will prosecute, to the fullest extent of the law, anyone
caught shoplifting."
This is not a 'hands off' policy. It
clearly suggests that Wal-Mart employees can "assist in apprehension,"
instead of leaving it to the police to handle. Wal-Mart likes to tell
its workers to practice "aggressive hospitality," but it looks once
again like Wal-Mart's workers have been a tad bit too aggressive.
These parking lot deaths would stop if
Wal-Mart spent the time and money necessary to train its workers how to
collect the information they need to help authorities make an
apprehension. Deadly force is not appropriate, or needed, in these
cases.
Regardless of whether you think every
shoplifter is a drug dealer with a long rap sheet -- their life is worth
more than a cheap pair of underwear, and they don't deserve to die face
down in a Wal-Mart parking lot. Wal-Mart's "deepest sympathies" appear
to be with loss prevention, over loss of life.
[back to top]
Saint
Martinville Walmart Now Property of the City
KLFY TV 10
February 3rd, 2009
[back to top]
The old, vacant Walmart building in
Saint Martinville is now one step closer to being revitalized. The
building that has been vacant since October of last year is officially
property of the city.
Mondays donation ceremony marked the
title transfer with the city's Mayor and council members on hand.
Mayor Thomas Nelson, says it's a fair
trade for the negative affects the store had on the city when it was
open.
"We took a whipping. Our mom and pop
stores weren't happy and it ended up running a lot of them out of
business. They really took over the market" says Nelson.
The future of the building is still up
in the air however, Mayor Nelson says the 44000 square foot building
will most likely be divided up and transformed into a strip mall.
[back to top]
Wal-Mart says
its trucks 25 pct more efficient
Associated Press,
02.02.09 [back to top]
Wal-Mart Stores Inc. has increased the
efficiency of its trucking fleet more than 25 percent since beginning a
companywide environmental campaign in 2005, the giant retailer announced
Monday.
The company said in a news release
that it cut its trucks' energy use by using new technologies, improving
its delivery routes and loading its trailers more efficiently.
Bentonville-based Wal-Mart (nyse: WMT
- news - people ) said it will test new technologies and fuels for its
trucks this year to improve on those advances and to reach the company's
goal of doubling the fleet's efficiency by 2015.
The company said it has engaged Arvin
Meritor, Peterbilt, Eaton Corporation (nyse: ETN - news - people ),
International and others to develop new technologies.
This year, the company said, it plans
to test several vehicles: diesel-electric hybrids from Arvin Meritor and
Peterbilt, Peterbilt trucks that run on liquefied natural gas and trucks
that will run on waste cooking grease from Wal-Mart stores or a biofuel
blend.
Copyright 2008 Associated Press. All
rights reserved.
[back to top]
Second Suit
Filed Against Netflix and Wal-Mart
By Chris Tribbey
Hme Media Magazine
Posted: 02 Feb 2009
[back to top]
A second lawsuit has been filed
against Wal-Mart and Netflix, alleging their 2005 agreement in which
Wal-Mart turned over its online DVD rental business to Netflix was a
“conspiracy” that aimed to build a monopoly for online DVD rentals.
Filed Jan. 26 in United States
District Court in the Western District of Arkansas, on behalf of Chicago
resident Marci Badgerow, the suit is nearly identical to one filed Jan.
2 against the two companies.
Both suits point to a January 2005
dinner between Netflix CEO Reed Hastings and John Fleming, then-CEO of
Walmart.com, in which they allegedly discussed the DVD rental business.
The suit goes on to say that when Wal-Mart agreed to shutter its online
DVD rental service and give Netflix its customers, and Netflix agreed to
promote Wal-Mart as the place to buy DVDs, the businesses created an
unfair monopoly, and allowed Netflix to charge more than it would have
for its rental service.
“Defendants’ illegal acts and
practices have caused anticompetitive effects in the online DVD rental
market,” the suit reads. “The subscription fees charged by Netflix to
plaintiff, as well as the other members of the class, were maintained at
artificially high and supracompetitive levels.”
The suit seeks class-action status,
and seeks an unspecified amount of damages for Netflix subscribers since
May 2005.
Netflix declined to comment on the
suit. Michelle Bradford, a Wal-Mart spokeswoman said, “We made our own
independent decision to exit the DVD rental business and our subsequent
agreement with Netflix is entirely proper. We intend to defend
vigorously our decisions regarding the products and services offered to
our customers.”
[back to top]
$21 Million Federal Suit Filed In Shoving Of Wal-Mart Greeter
The Chatanoogan
February 2nd, 2009
[back to top]
A $21 million federal lawsuit has been
filed against the city of Chattanooga and two city police officers in
connection with a Christmas Eve incident in which a 71-year-old greeter
was shoved to the floor at the Collegedale Wal-Mart.
Attorney Robin Flores asked $1 million
compensatory damages in behalf of William Walker and $20 million in
punitive damages against officers Kenneth Freeman and Edwin McPherson.
The suit charges that Detective
Freeman used excessive force against the greeter and a customer who came
to his aid. It says Lt. McPherson stood by and did not stop Det.
Freeman.
It says Mr. Walker, who is 5'4" and
wears a hearing aid, was required to check receipts of customers leaving
the store if the security device sounded an alarm. It says the two
officers were leaving with bags in their hands.
The complaint says the greeter asked
the officers for their receipts. It says Lt. McPherson complied, but Det.
Freeman walked around the greeter and continued toward the door. It says
the greeter asked Det. Freeman to produce the receipt and he ignored
him.
It says when the greeter touched him
on the shoulder, he "suddenly and without any warning to plaintiff"
turned on him and pushed him to the concrete floor.
Mr. Walker "struck the floor with the
length of his body about five to six feet from the point of Freeman's
push," it was stated.
It says Freeman stood over the greeter
as he struck the floor.
The suit says as a result of the
"physical assault" that Mr. Walker lost consciousness for a moment and
defecated in his pants. It says his supervisor later allowed him to
change clothing and get a clean pair of underwear.
The complaint says many members of the
public came to the greeter's aid, including one "Good Samaritan" who
"attempted to come between Freeman and the downed plaintiff, but Freeman
pushed this person with such force as to drive him through the glass
doors of the store."
Members of the public, including a
security guard, then called police.
The suit says Lt. McPherson did not
call for police help, did not render aid to the greeter and did not help
the customer who was shoved.
The complaint says the city police
department in the past has "shown favoritism toward certain officers who
commit misconduct, but not others."
The suit says, "No reasonable officer
or person would have acted in such a manner toward the diminutive and
elderly plaintiff, to have stood over plaintiff once he was downed or
have ignored his helplessness under the circumstances."
Attorney Flores said Det. Freeman "has
a history of violence" against members of the public, claiming that "the
most recent assault" was against attorney Lloyd Levitt.
The suit claims the city did not
properly train the officers on handling such situations and says the
city police department "has a history of failure to discipline or
otherwise prosecute its officers who exhibit a lengthy history of
complaints from the public."
It says:
Gary Davis was fired for misconduct
and then rehired and promoted to sergeant before being arrested by
federal authorities.
Steve Campbell was fired for his
conduct in a beating and tasering of two men after a high-speed chase,
then was re-instated.
Jeannie Snyder, "a former assistant
police chief, her conduct in a Marion County wood, and a Georgia
shopping mall led the city to take extraordinary measures to retrieve
her from the wood and mall, and all comments about her conduct were
attributed by the city and department as protected by HIPPA."
Jamie Riddle "was injured in an
off-duty vehicle accident. The department disseminated her condition and
did not give her the same privacy concerns as those of Snyder."
Senior members of the department "held
a mandatory shift change meeting in 2004 wherein they directed their
officers to use whatever means was at their disposal; to be 'warriors,'
and if the officers made a mistake, that they 'had their backs.'
Officer Glen Lemley remains an officer
"though he testified to a long history of prescription pain killer use
for chronic back pain, testified that the city did not require him to
undergo a second mental evaluation for his fitness as a police officer
when the city hired him a second time, even though he put on his initial
background application that he took medications for a nervous or
psychological condition, testified that he was once arrested in Georgia
for terrorist threats against a former wife, and he was found in
contempt of court for harassing, harming or abusing a former wife.
[back to top]
Bharti-Wal-Mart to start operations from Punjab
Tribune News,
February 2
[back to top]
Bharti Wal-Mart Pvt Ltd (Bharti
Wal-Mart), the joint venture between Bharti Enterprises and Wal-Mart
Stores Inc, today announced that its wholesale stores would be called ''BestPrice
Modern Wholesale'' and will start operations from Punjab this year.
The company, in a release here, said
membership drive for its wholesale, business-to-business, cash-and-carry
and back-end supply chain management operations in India had already
begun. It expected that nearly 65,000 business owners would benefit from
the membership.
Offering the advantage of best fixed
and fair prices with unmatched convenience, choice, quality and hygiene,
the stores will be open exclusively to business owners, not
end-consumers, the release said.
The ''BestPrice Modern Wholesale''
store will be a one-stop shop that meets the day-to-day needs of
traders, restaurant owners, hoteliers, caterers, fruit and vegetable
sellers, general stores, other retail store owners, offices and
institutions. — UNI
[back to top]
Wal-Mart settles
lawsuit in Md. death
By Associated Press
Monday, February 2, 2009
[back to top]
Business & Markets ELKTON, Md. — An attorney representing
the family of a Cecil County man says Wal-Mart has settled a lawsuit
filed after the man received the wrong prescriptions from a Wal-Mart
pharmacist and subsequently died.
Attorney Harry Barnes says it is "a favorable
settlement," but says the details were sealed by a federal judge in
Baltimore.
Sixty-six-year-old George Smith of North East died in
March 2007. He became ill eight days after receiving prescriptions
intended for someone else and died at Union Hospital in Elkton. Smith’s
two adult children sued Wal-Mart last year for $3 million, citing their
severe emotional suffering.
[back to top]
Mass.
court to weigh Wal-Mart discrimination case
Associated Press
February 1st, 2009
[back to top]
BOSTON — The state’s highest court is
set to hear arguments this week in the case of a former Wal-Mart
pharmacist who claimed she was fired after asking to be paid the same as
her male colleagues.
Cynthia Haddad filed the gender
discrimination lawsuit after she fired in April 2004 after 10 years at
the Pittsfield Wal-Mart.
In 2007, a Berkshire Superior Court
awarded Haddad nearly $1 million in compensatory damages and $1 million
in punitive damages. The company appealed.
[back to top]
Wal-Mart to Open 60 New Stores in Chile, Peru in 2009
MVI
01 Feb 2009
[back to top]
On January 31, two days after
completing the purchase of D&S in Chile, Wal-Mart officially announced
it would begin opening stores in Peru—along with close to 60 stores in
the Chilean market.
Enrique Ostalé, the general manager of
D&S, confirmed that the company will open 60 stores in Chile this year
and begin entering markets in Peru. “We’ve begun a process, which has
various stages, to enter that country. We will go step by step,” said
Ostalé, explaining the company’s intention was to learn from Peru’s
market and adapt to it. At least three Bodega A Cuenta stores will be
opened in Peru this year. Cencosud has about 70% of the organized trade
in Peru, and Interbank's Supermercados Peruanos has the remainder.
Cencosud is Wal-Mart's main competitor in Chile.
[back to top]
VIDEOS
[back to top]
Fighting
Wal-Martization 25min. (2005)
A new video by
The Labor Video Project 25 min.
(2005)
Wal-Mart is now the largest private
employer in the United States and has the same impact that General
Motors had nearly 50 years ago. This 26-minute video shows why working
people and trade unionists are fighting back and what Wal-Mart has in
store for the communities it is seeking to build stores in. "Fighting
Wal-Martization" is a hard hitting documentary that looks at how the
constant price cutting not only drives local small businesses out of the
community but how this ends up driving down the living conditions of the
very people who shop at Wal-Mart. The video also looks at the healthcare
crisis and how Wal-Mart increases its profits by sending it¹s employees
to public hospitals to get treatment thereby shifting costs back onto
the taxpayer. This video can be used at union meetings, community
meetings and on cable TV to get the message out about the Wal-Martization of America and what it means to every working person.
Please mail your check of
$20.00 and order form to
Labor Video Project
P. O. Box 720027,
San Francisco, CA 94172
For more info:
lvpsf@labornet.org, (415) 282-1908
Wal-Mart: The
High Cost of Low Prices (www.walmartmovie.com)
Independent America: The Two Lane Search for Mom & Pop
(www.independentamerica.net)
Big Box
Mart
(www.jibjab.com)
Garth
Brooks Parody
(www.walmartworkersrights.org)
"Is Wal-Mart
Good for America?" Frontline, PBS Video,
(www.pbs.org)
[back to top]
[back to top]
NON-FICTION
The Case Against Wal-Mart By Al Norman Raphel
Marketing ruth@raphael.com
Wal-Mart: The Face Of Twenty-First Century Capitalism Edited By
Nelson Lichtenstein The New Press
www.thenewpress.com
The Great Risk Shift: The Assault on American Jobs, Families, Health
Care and Retirement By Jacob S. Hacker Oxford University Press
www.oup.com
War On The Middle Class: How the Government, Big Business, and Special
Interest Groups Are Waging War on the American Dream and How to Fight
Back By Lou Dobbs Viking, a member of Penguin Group
www.penguin.com
Momentum: Igniting Social Change in the Connected Age By Allison H.
Fine Jossey-Bass www.joseybass.com
Big-Box Swindle: The True Cost of Mega-Retailers
and the Fight for America's Independent Businesses, By Stacy
Mitchell, www.beacon.org
www.newrules.org
Wal-Mart: The Face Of the Twenty-First-Century
Capitalism, Edited by Nelson Lichtenstein, Published by The New
Press
www.thenewpress.com
The Bully Of Bentonville - How the high cost of
Wal-Mart's Everyday Low Prices is Hurting America, By Anthony Bianco,
Published by Doubleday
Email:
specialmarkets@randomhouse.com
How Wal-Mart is Destroying
America (and the world), By Bill Quinn,
Published By Ten Speed Press, Box 7123, Berkeley, CA 94707,
www.tenspeed.com (pp. 163)
Slam
Dunking Wal-Mart, By Al Norman, Published By
Raphel Marketing, 12 S. Virginia Avenue, Atlantic City, New Jersey
08410,
www.sprawl-busters.com (pp. 237)
The
Great American JobsScam, By Greg LeRoy,
Published By Barrett-Koehler Publishers, Inc., 235 Montgomery Street,
Suite 650, San Francisco, CA 94104-2916,
www.bkconnection.com (pp. 257)
Nickel
and Dimed, By Barbara Ehrenreich, Published By
Henry Holt and Company, LLC, 115 West 18th Street, New York,
NY 10011,
www.henryholt.com (pp.221)
United
States of Wal-Mart, By John Dicker, Published
By Jeremy P. Tarcher (Penguin Group usa),
www.us.penguingroup.com (pp.257)
The Wal-Mart Effect, By Charles Fishman
www.penguin.com
Megamall On The Hudson, By David Porter and
Chester L. Mirsky
www.trafford.com
FICTION
Death
By Discount, By Mary Vermillion, Published By
Alyson Publications, P.O. Box 4371, Los Angeles, CA 90078-4371,
www.maryvermillion.com (pp. 275)
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