Walmart Profit Margin

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gounion
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Re: Walmart Profit Margin

Post by gounion »

bradman wrote: Fri May 20, 2022 11:36 am His son should have had the option.

When you open a T.I.F. district it should benefit all the tax payers within that district. (the whole city for that matter) That's up to the City Planners who are appointed by those we vote in. In our city the home grown businesses are given the same opportunity to upgrade using the same funds as the anchor business we are trying to attract. The trick is to make sure the anchor business you are trying to attract enhances established businesses. Something new, not something you already have. Luckily, we have been able to keep most of our home grown businesses and help aid them expand and upgrade. Unfortunately, some refused to give the 21st century a try. A few of them had to close their doors. It's the difference between shoeing horses and mounting tires.
Glenn tells us that the self-owned businesses SHOULD go out of business, and the country will be better for it.
Glennfs
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Re: Walmart Profit Margin

Post by Glennfs »

gounion wrote: Fri May 20, 2022 11:51 am Glenn tells us that the self-owned businesses SHOULD go out of business, and the country will be better for it.
You folks on the left always cite the mom and pop's.
It is all nostalgia.
They hired nobody
Those they did hired were paid very little
No benefits no nothing

Then Walmart opens and creates 1000s of jobs. Pay benefits create probably more tax revenues in a week than those mom and pop's create in a year
Last edited by Glennfs on Fri May 20, 2022 12:29 pm, edited 1 time in total.
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gounion
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Re: Walmart Profit Margin

Post by gounion »

Glennfs wrote: Fri May 20, 2022 12:17 pm You folks on the left always cite the mom and pop's.
It is all nostalgia.
They hired nobody
Those they did hired were paid very little
No benefits no nothing

Then Walmart opens and creates 1000s of jobs. Pay benefits create probably more tax revenues in a day than those mom and pop's fifth in a year
Thanks for admitting the truth. I’ll be sure to let Joe Memphis know how you feel next time he whines about how the small businessman is hurt by Dem policies.
Glennfs
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Re: Walmart Profit Margin

Post by Glennfs »

gounion wrote: Fri May 20, 2022 12:23 pm Thanks for admitting the truth. I’ll be sure to let Joe Memphis know how you feel next time he whines about how the small businessman is hurt by Dem policies.
As small businesses he isn't talking about Bill's dry goods store with two employees.

He is talking about the contractor with 8 trucks and 35 employees. Or the small machine shop with 100 employees.

Of course you know that but will distort whatever it takes.
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gounion
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Re: Walmart Profit Margin

Post by gounion »

Glennfs wrote: Fri May 20, 2022 12:32 pm As small businesses he isn't talking about Bill's dry goods store with two employees.

He is talking about the contractor with 8 trucks and 35 employees. Or the small machine shop with 100 employees.

Of course you know that but will distort whatever it takes.
No he’s talking about retailers too. And we know that the big corporations are always trying to drive out or absorb small employers. Most small machine shops are gone.
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Libertas
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Re: Walmart Profit Margin

Post by Libertas »

gounion wrote: Fri May 20, 2022 12:45 pm No he’s talking about retailers too. And we know that the big corporations are always trying to drive out or absorb small employers. Most small machine shops are gone.
Walmart decimated mom and pop's all over America, and then drastically reduced pay and benefits to the workers.

I should be surprised that a middle class American would defend them, but I am not. braindead are they
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bradman
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Re: Walmart Profit Margin

Post by bradman »

gounion wrote: Fri May 20, 2022 11:51 am Glenn tells us that the self-owned businesses SHOULD go out of business, and the country will be better for it.
Glenn who?

i addressed the conservative's point about some small businesses here.....
Unfortunately, some refused to give the 21st century a try. A few of them had to close their doors. It's the difference between shoeing horses and mounting tires.
Some smaller businesses are destined to fail.

It broke my heart when the old Phillips 66 gas station closed it's doors. i went to school with the owners kid. We were both motor heads. His dad did very well with the old school 2 bay filling station. You know the kind. One island of pumps. One greasy counter. One cash register. 1 stained coffee pot. 3 vending machines. Candy bars, pop, and cigs is what passed for a convenience store. His problems started when a new Super America was built nearby. Some of his most loyal customers couldn't help themselves. They like the idea of fresh coffee, a donut, and gas. His dad limped along on the 2 bays. He was a good mechanic after all. That's when he took the next hit. The next city over built a 15 bay Precision Tune. Customer convenience won out yet again. It was about that time the Dad gave it up, retired, and handed it over to the kid. He changed one of the bays into somewhat a convenience store but it wasn't a SA and without the foot traffic, it didn't fly. The kid did develop a niche with the racing motor heads. The guy could build a motor like no other. Now, the thing is, he didn't want to have anything to do with the upgrades that may have kept him in business. Even after he ended up in a T.I.F. district he refused to take a chance. He had the funds available, but wasn't up to the risk. He was finally forced to close the doors. If there was any consolation it was that his property was in that T.I.F. district. With the new assisted living complex and supporting plaza being built within that district land values shot up. He was finally bought out by a Walgreens that wanted his chunk of property bad. He made enough to move out to the sticks and built a new house and fancy shop. He's the most popular motor head in those parts now.
Last edited by bradman on Sat May 21, 2022 8:54 am, edited 1 time in total.
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Bludogdem
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Re: Walmart Profit Margin

Post by Bludogdem »

gounion wrote: Fri May 20, 2022 9:47 am Well, of COURSE they own them. They demand the government GIVE it to them. Reality check:
The stores require prime retail land. They often buy from private entities. Often through back channels to keep owners from finding out it’s Walmart and jacking up the price.

Distribution Centers, however, are a different animal. Tax breaks and free land abound for distribution centers.
gounion
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Re: Walmart Profit Margin

Post by gounion »

Bludogdem wrote: Sat May 21, 2022 8:51 am The stores require prime retail land. They often buy from private entities. Often through back channels to keep owners from finding out it’s Walmart and jacking up the price.

Distribution Centers, however, are a different animal. Tax breaks and free land abound for distribution centers.
They've gotten free land for Walmarts too. Using small business owner's tax money to run them out of business.

Something you champion.

So, since you guys are for "free enterprise" and the "free market", why are you in favor of the government picking winners and losers by funding big corporations? To me, if the Waltons want to build a store, I say, "go ahead. Buy the land. Build the building. Hire the workers. All with your own fucking money."
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ProfX
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Re: Walmart Profit Margin

Post by ProfX »

Maybe we need to look at more than just Wal-Mart's impacts on the U.S.

Walmart slammed for ‘sweatshop conditions’ in new report
https://www.businesspundit.com/walmart- ... t-05-2016/

Workers at Asia factories that supply Walmart, H&M and Gap are still being exploited in sweatshop conditions, according to a new report released Tuesday by the Asia Floor Wage Alliance. Bangladesh, Cambodia, India and Indonesia who make clothes for Walmart.

The report says employees in Bangladesh, Cambodia, India and Indonesia are making clothes for Walmart under “intensive labour exploitation and abuse.”

The report was released just three years after a building in Bangladesh collapsed and killed 1,127 garment workers. That collapse drew international scrutiny over wealthier nations who exploit workers in horrible conditions in order to make cheap, fast fashion clothes.

[snip]

The Asia Floor Wage Alliance says its report “identifies persistent rights violations” against Walmart supply chain workers in Bangladesh, Cambodia, India and Indonesia. The report is based on interviews with 344 workers, many of them women, at 80 Walmart supplier factories.

One of the biggest complaints among women at factories is sexual harrassment, according to the report.

Each country in the report has its own list of problems. In Cambodia, Walmart supplier factories use “highly exploitative” contracts that “leave them [workers[ susceptible to unsafe working conditions, low wages, denial of benefits and harsh penalties for engaging in union activity — including termination of employment.”

Forced overtime in Cambodia’s hottest season has lead to “mass fainting episodes resulting from over exertion, exacerbated by inadequate nutrition.”

The report also says that Walmart has”refused” to sign the Accord on Fire and Building Safety, a pact by 190 clothing brands as well as trade unions to inspect factories for fire, electrical and structural safety. They instead formed their own organization that the report says has done nothing to improve conditions in Cambondia.=

[snip][end]
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Bludogdem
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Re: Walmart Profit Margin

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ProfX wrote: Fri May 20, 2022 6:42 am Walmart and McDonald’s are among top employers of Medicaid and food stamp beneficiaries, report says
https://www.cnbc.com/2020/11/19/walmart ... aries.html

Walmart and McDonald’s are among the top employers of beneficiaries of federal aid programs like Medicaid and food stamps (SNAP), according to a study by the nonpartisan Government Accountability Office released Wednesday.

[snip][end]
Part time employment has long been the standard for retail. From Macy’s, Target, Walmart, down to the small boutiques. Natural order of things.

People operate on the illusion that Walmart pays most employees $12 an hour. Those people are I’ll informed. You can’t keep employees that way. Beyond 2 years employment opportunities open up and there are a vast myriad of jobs available. A friend of my sons started part time and now with 9 years experience makes $38 an hour. The check out associates are a very small part of the workforce. Same for Target, Macy’s etc.
Bludogdem
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Re: Walmart Profit Margin

Post by Bludogdem »

gounion wrote: Sat May 21, 2022 8:56 am They've gotten free land for Walmarts too. Using small business owner's tax money to run them out of business.

Something you champion.

So, since you guys are for "free enterprise" and the "free market", why are you in favor of the government picking winners and losers by funding big corporations? To me, if the Waltons want to build a store, I say, "go ahead. Buy the land. Build the building. Hire the workers. All with your own fucking money."
Only if the community wants to attract and develop business in specific areas. For the most part Walmart is buying from private owners in key locations.

Two of the Walmarts in our area are on brownfields. Free to the community. In both cases the developments have exploded retail growth and jacked up revenues. One has a super center next to a Menards. A previously useless expanse of property is now creating jobs, expanding businesses, and not at the expense of the small business tax payer. In fact probably more than 30 small business franchisee’s.
gounion
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Re: Walmart Profit Margin

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Bludogdem wrote: Sat May 21, 2022 9:11 am Only if the community wants to attract and develop business in specific areas. For the most part Walmart is buying from private owners in key locations.

Two of the Walmarts in our area are on brownfields. Free to the community. In both cases the developments have exploded retail growth and jacked up revenues. One has a super center next to a Menards. A previously useless expanse of property is now creating jobs, expanding businesses, and not at the expense of the small business tax payer. In fact probably more than 30 small business franchisee’s.
And you can bet that they got taxpayer money in one form or another. Walmart always has that demand.
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Re: Walmart Profit Margin

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Bludogdem wrote: Sat May 21, 2022 9:11 am Only if the community wants to attract and develop business in specific areas. For the most part Walmart is buying from private owners in key locations.

Two of the Walmarts in our area are on brownfields. Free to the community. In both cases the developments have exploded retail growth and jacked up revenues. One has a super center next to a Menards. A previously useless expanse of property is now creating jobs, expanding businesses, and not at the expense of the small business tax payer. In fact probably more than 30 small business franchisee’s.
[bold] That's what T.I.F. was originally meant for. Blighted areas that a developer would have no interest in. It wasn't until Reagan cut federal funds that the States felt it. They passed the buck onto the county, and the county to the city. That's when they stumbled across the little used T.I.F funding and decided it was a perfect money tree for development. Some cities abuse it, some don't.
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Libertas
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Re: Walmart Profit Margin

Post by Libertas »

Ahh yes :lol: my friend makes great money at Walmart :lol:
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Number6
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Re: Walmart Profit Margin

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Bludogdem wrote: Sat May 21, 2022 9:03 am Part time employment has long been the standard for retail. From Macy’s, Target, Walmart, down to the small boutiques. Natural order of things.

People operate on the illusion that Walmart pays most employees $12 an hour. Those people are I’ll informed. You can’t keep employees that way. Beyond 2 years employment opportunities open up and there are a vast myriad of jobs available. A friend of my sons started part time and now with 9 years experience makes $38 an hour. The check out associates are a very small part of the workforce. Same for Target, Macy’s etc.
Is your son's friend work in store management. One of my first jobs, in the early 70s, was working at K-Mart. The pay was okay and allowed me to afford a shared apartment. Those who made the largest pay were the store manager and the assistant managers. Also, they were the ones who had the greatest potential for promotion whereas everyone else below them could, at the most, move up to be a department manager which meant more responsibility and just a little increase in wages.

Since you told a story about a friend's son, I'll tell you one. I bowl with a retired Navy enlisted man and he has a son, also a bowler, who is completing his completing his degree this year. He recently moved out of his father's house and now lives with his girlfriend. The son started working for a friend's family pizza restaurant and recently became the assistant manager making $30 an hour plus tips. His father figures, with tips, his son is making $38 -$40 an hour. The point is, in retail, the people who make the big money are the managers.
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Bludogdem
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Re: Walmart Profit Margin

Post by Bludogdem »

bradman wrote: Sat May 21, 2022 10:45 am [bold] That's what T.I.F. was originally meant for. Blighted areas that a developer would have no interest in. It wasn't until Reagan cut federal funds that the States felt it. They passed the buck onto the county, and the county to the city. That's when they stumbled across the little used T.I.F funding and decided it was a perfect money tree for development. Some cities abuse it, some don't.
The two brownfield sites didn’t need tif. The struggling community’s site is on a road off the interstate about 3 miles down. But that road connects about 8 different neighborhoods. The other site is set back from a main drag and is huge. Both communities turned it over to REITs. One now has new schools. The struggling(formerly) doesn’t have a school system but they have been able to square up back payments with the neighboring community that has the schools. Both reits worked the deal with Walmart. Both communities are happy. Both area have continual growth.

I mentioned earlier I was fully immersed in development of retail computer systems for several years. Well for 20+ years was developing systems for the suppliers of the Walmarts of the world. Began in 82 when Walmart was a blip. Over that 20 years I worked very closely with Walmart logistics folks. They are one very sophisticated technology company. And have been for quite awhile. We had integrated continuous supply systems. Inventory control applications. In 87 I put together financial data base system on a Teradata DBC1012 data base computer with new a piece of gui software called Metaphor. Let the Ivy League business school grads have a go at the data. Walmart was probably 8th on volume but was 1st on profitability to the business.

Once Walmart decides you are a career worthy employee, whether management or non-exempt, you can make a good living.
Bludogdem
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Re: Walmart Profit Margin

Post by Bludogdem »

Number6 wrote: Sat May 21, 2022 12:31 pm Is your son's friend work in store management. One of my first jobs, in the early 70s, was working at K-Mart. The pay was okay and allowed me to afford a shared apartment. Those who made the largest pay were the store manager and the assistant managers. Also, they were the ones who had the greatest potential for promotion whereas everyone else below them could, at the most, move up to be a department manager which meant more responsibility and just a little increase in wages.

Since you told a story about a friend's son, I'll tell you one. I bowl with a retired Navy enlisted man and he has a son, also a bowler, who is completing his completing his degree this year. He recently moved out of his father's house and now lives with his girlfriend. The son started working for a friend's family pizza restaurant and recently became the assistant manager making $30 an hour plus tips. His father figures, with tips, his son is making $38 -$40 an hour. The point is, in retail, the people who make the big money are the managers.
Not store management yet. Kinda like a team leader for after hours work. People don’t realize the extremely broad range of jobs there are in a business like Walmart. They’re not all $12-$19 an hour cashiers.
gounion
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Re: Walmart Profit Margin

Post by gounion »

Bludogdem wrote: Sat May 21, 2022 12:57 pm The two brownfield sites didn’t need tif. The struggling community’s site is on a road off the interstate about 3 miles down. But that road connects about 8 different neighborhoods. The other site is set back from a main drag and is huge. Both communities turned it over to REITs. One now has new schools. The struggling(formerly) doesn’t have a school system but they have been able to square up back payments with the neighboring community that has the schools. Both reits worked the deal with Walmart. Both communities are happy. Both area have continual growth.

I mentioned earlier I was fully immersed in development of retail computer systems for several years. Well for 20+ years was developing systems for the suppliers of the Walmarts of the world. Began in 82 when Walmart was a blip. Over that 20 years I worked very closely with Walmart logistics folks. They are one very sophisticated technology company. And have been for quite awhile. We had integrated continuous supply systems. Inventory control applications. In 87 I put together financial data base system on a Teradata DBC1012 data base computer with new a piece of gui software called Metaphor. Let the Ivy League business school grads have a go at the data. Walmart was probably 8th on volume but was 1st on profitability to the business.

Once Walmart decides you are a career worthy employee, whether management or non-exempt, you can make a good living.
Ah yes, this is the hallmark of Green Grass. No matter what we’re talking about, he’s an expert with over 20 years experience, many, many college degrees, and he’s done everything. Always using the appeal to expertise when we can see it’s just all made up.
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Libertas
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Re: Walmart Profit Margin

Post by Libertas »

gounion wrote: Sat May 21, 2022 1:30 pm Ah yes, this is the hallmark of Green Grass. No matter what we’re talking about, he’s an expert with over 20 years experience, many, many college degrees, and he’s done everything. Always using the appeal to expertise when we can see it’s just all made up.
Too bad that once a person proves they will lie, there is NO reason to believe ANYTHING they EVER say.
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