Current Events > Walmart closing 63 Sams Club stores and laying off thousands of employees

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DanHarenChamp
01/13/18 12:29:25 AM
#1:


So. Much. Winning.
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kingdrake2
01/13/18 12:29:57 AM
#2:


as long as it isn't a costco in my area its fine.
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Questionmarktarius
01/13/18 12:33:05 AM
#3:


As mentioned in another thread:
Questionmarktarius posted...
when Sam's Club started twenty or thirty years ago, the locations were kinda out of the way. Nowadays, they're either right next to a Wal-Mart, or across the street.
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MrBobGray
01/13/18 12:33:53 AM
#4:


And somehow theyre raising their minimum wage lmao
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metralo
01/13/18 12:34:00 AM
#5:


Questionmarktarius posted...
As mentioned in another thread:
Questionmarktarius posted...
when Sam's Club started twenty or thirty years ago, the locations were kinda out of the way. Nowadays, they're either right next to a Wal-Mart, or across the street.


this is actually fucking over a lot of small business in alaska.
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Questionmarktarius
01/13/18 2:28:08 PM
#6:


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hockeybub89
01/13/18 2:28:42 PM
#7:


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iamintents
01/13/18 3:45:23 PM
#8:


so thats how they are paying for all those bonuses
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TheCyborgNinja
01/13/18 3:47:41 PM
#9:


If you can generate the roughly the same foot traffic with lower overhead, why not?
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Butterfiles
01/13/18 3:48:45 PM
#10:


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Iron-Tarkus
01/13/18 3:54:17 PM
#11:


metralo posted...
Questionmarktarius posted...
As mentioned in another thread:
Questionmarktarius posted...
when Sam's Club started twenty or thirty years ago, the locations were kinda out of the way. Nowadays, they're either right next to a Wal-Mart, or across the street.


this is actually fucking over a lot of small business in alaska.

Yeah it's big news here.
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chill02
01/13/18 6:24:41 PM
#12:


oh, and the raises don't apply to stores in Puerto Rico
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Ave, true to Caesar.
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Hexenherz
01/14/18 9:37:40 AM
#13:


https://thinkprogress.org/truth-walmart-bonuses-5966fe4245b0/

The "$1,000 bonus" only applies to people with 20+ year tenure, meaning for the employee base the amount of money really only amounts to about $190 per employee.

I really hope the people praising all these hollow $1,000 bonuses and shit were trolling.
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Maninstagnate
01/14/18 10:06:24 AM
#14:


They are going to convert some of those to Ecommerce and Distribution Centers which those that got laid off can get off can reapply to. So it's not ultra evil but still pretty evil.
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DestroyedDog
01/14/18 10:10:16 AM
#15:


I like Sams Club because every now and then I feel like I need to buy 18 boxes of Kraft macaroni and cheese
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CaptainCrunch
01/14/18 10:23:53 AM
#16:


What'll happen to all 4 of the cashiers?
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#freeiran
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Questionmarktarius
01/14/18 12:43:47 PM
#17:


CaptainCrunch posted...
What'll happen to all 4 of the cashiers?

Yours had four?
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FFVII_REMAKE
01/14/18 12:46:35 PM
#18:


Doesn't this have to do with the $15 minimum wage increase? Good going leftist cucks.
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Questionmarktarius
01/14/18 12:51:40 PM
#19:


FFVII_REMAKE posted...
Doesn't this have to do with the $15 minimum wage increase? Good going leftist cucks.

Probably not, given the locations involved.
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kingdrake2
01/14/18 12:56:12 PM
#20:


CaptainCrunch posted...
What'll happen to all 4 of the cashiers?


be out of a job (honorable fire). can get unemployment benefits while looking for work.
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I'd hate to be that guy. he'll be dodging freak accidents for the rest of his life now. Final Destination rules - RickyTheBAWSE
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FLUFFYGERM
01/14/18 12:57:08 PM
#21:


Hasn't Sam's Club been on a decline for a while now? I's no surprise that the parent company decided not to pursue that route any more.
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Questionmarktarius
01/14/18 1:01:17 PM
#22:


FLUFFYGERM posted...
Hasn't Sam's Club been on a decline for a while now?

Probably. Amazon is disrupting Walmart badly, and Sam's Club is no exception - possibly even the most screwed.
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FLUFFYGERM
01/14/18 1:03:21 PM
#23:


Questionmarktarius posted...
FLUFFYGERM posted...
Hasn't Sam's Club been on a decline for a while now?

Probably. Amazon is disrupting Walmart badly, and Sam's Club is no exception - possibly even the most screwed.


Yeah, and considering the awful location of most Sam's Club stores...it's no surprise that they're consolidating.
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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SK8T3R215
01/14/18 1:05:51 PM
#24:


FLUFFYGERM posted...
Hasn't Sam's Club been on a decline for a while now? I's no surprise that the parent company decided not to pursue that route any more.


Yeah it's growth and operating income as a % of sales is worse than Wal-Mart stores so it makes sense to close them to invest more into Wal-Mart.
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FLUFFYGERM
01/14/18 1:07:33 PM
#25:


SK8T3R215 posted...
FLUFFYGERM posted...
Hasn't Sam's Club been on a decline for a while now? I's no surprise that the parent company decided not to pursue that route any more.


Yeah it's growth and operating income as a % of sales is worse than Wal-Mart stores so it makes sense to close them to invest more into Wal-Mart.


Yeah. I tried explaining this to the ignoramus socialist clowns in a different topic but to them this means that Walmart's minimum wage increases / bonuses / benefit increases weren't actually enabled by the Trump tax cuts.
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Questionmarktarius
01/14/18 1:09:29 PM
#26:


FLUFFYGERM posted...
Questionmarktarius posted...
FLUFFYGERM posted...
Hasn't Sam's Club been on a decline for a while now?

Probably. Amazon is disrupting Walmart badly, and Sam's Club is no exception - possibly even the most screwed.


Yeah, and considering the awful location of most Sam's Club stores...it's no surprise that they're consolidating.

Of course, it could just be a typical walmart maneuver, of relocating just outside the city limits when ordinances or taxes get too annoying.
But yes, it's far more likely that these are obscure locations that don't get much traffic, built when Walmart wasn't influincing zoning commissions quite so much.

What's interesting is that the walmart bastion of Arkansas, Missouri, and Oklahoma have no closings.
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Mal_Fet
01/14/18 1:19:51 PM
#27:


150,000 jobs were created last month and unemployment is plummeting, but some failing department store franchise going out of business somehow makes that irrelevant

- Leftist logic
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ThePieReborn
01/14/18 1:22:29 PM
#28:


And somehow I get the distinct impression you hand-waved those same figures away a year ago.
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Questionmarktarius
01/14/18 1:23:30 PM
#29:


Mal_Fet posted...
department store
private club

going out of business
only closing about 10% of its locations
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Banjo2553
01/14/18 1:25:38 PM
#30:


It seems like people don't buy in bulk much anymore. That's basically the reason to go to Sam's Club over Walmart anyway. >_>
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