This video by YouTuber Alex Berman lays out how retailers like Walmart profit even when they are pricing goods, like milk and eggs, well below cost. It comes down to volume and convenience. If they get enough customers buying items with a high profit margin for convenience sake, they can afford to price many items below cost to lure them into the store.
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UPDATE BELOW: Walmart says it was a "prank" but doesn't say what evidence they have or identify the prankster.
Someone snapped this astounding photo at a Walmart where one of their "Own the school year like a hero" marketing campaign signs was displayed on a case of rifles.
Walmart's Charles Crowson told CNNMoney that they're "not happy" about this and is "working diligently" to make sure the sign is gone.
The company initially stated that they identified the store location and removed the sign but according to Crowson, they were mistaken and actually still trying to find it.
UPDATE from the Associated Press:
“We have definite proof it was a prank,” Walmart spokesman Charles Crowson told The Associated Press on Friday evening...
Crowson wouldn’t say what proof the company had: Was an image manipulated? Did a customer move a sign for a joke? Did an employee deliberately or inadvertently place the “Own the School Year” sign on the wrong display?
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The National Enquirer's circulation peaked in 1988 at 4 million, while today it averages 325,000 copies sold, mostly to low-income, over-80-year olds. Its best retailer is Wal-Mart. It does not publish any material critical of Donald Trump. Read the rest
Walmart is recalling a product described as "Organic Marketside Spring Mix salad" after decomposing vegetable matter was found around a dead bat it sold to a Florida customer.
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The company said it worked quickly with officials to remove the entire batch of salads from store shelves, and only one line of its products had been affected.
"Fresh Express takes matters of food safety very seriously and rigorously complies with all food safety regulations including the proscribed Good Agricultural Practices," a company statement said.
Firefighters were able to douse the flames within minutes, but not before smoke filled the Princeton, Texas Walmart and forced shoppers to evacuate. Four were treated for minor injuries and a suspect, Jario Briceno-Barrientos, will face the heat in court after allegedly using lighter fluid to set fire to a pile of clothing.
Princeton police were able to arrest the suspect after posting surveillance video of him on their Facebook page. "Due to the overwhelming support from the citizens we were able to capture the suspect," the Facebook post read. "Thank you, everybody, for your continual help and support!"
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Workit is an Android app from OUR Walmart, a pro-labor/pro-union organization: it allows Walmart workers to ask questions about Walmart policy and employee rights, which are answered by a database compiled by using IBM's Watson to come up with answers to hundreds of frequently posed questions; questions can also be answered by other users. Read the rest
A Walmart in Panama City, Florida removed this display after the photo circulated on Twitter, infuriating a lot of people. The World Trade Center was made from stacked cartons of Coke Zero. The American Flag consisted of cans of Coke, Diet Coke, and Sprite.
"We hold this moment in our country’s history in the highest regard, and there was nothing disrespectful intended by the display," Walmart said in a public statement.
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Starting in 2000, Walmart began an aggressive cost-cutting campaign that removed greeters, reduced floor staff, and replaced cashiers with automated checkouts; the more this went on, the higher the crime-rate at Walmart soared, everything from shoplifting to deadly violence. In true Walmart style, the world's largest retailer has offloaded the costs associated with this crime to tax-funded law-enforcement. Read the rest
We've heard countless stories about people brewing up meth in Walmart bathrooms, but now police have found a meth lab underneath a Walmart in Amherst, New York! They discovered the underground lab inside a culvert below the store's parking lot and a crew in hazmat gear is now clearing out the tunnel. From WIVB:
“We’ll talk to the proper authorities to figure out what we need to do to make sure that’s not accessible anymore,” said Captain Scott Chamberlin.
He said they did not receive any tips. The culvert was checked during a random preventative patrol.
“Routine patrol, that’s what we do every day,” said Captain Chamberlin.
We asked him if it’s routine to check underground.
He said, “We check in various areas that people who might be up to no good, might be using for no good.”
Members of the NYSP Contaminated Crime Scene Emergency Response Team passed buckets of evidence up from the manhole.
“Spray paint can, some various chemicals, a liquid we believe is methamphetamine,” said Captain Chamberlin.
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Two dogs left in a car in the Fort Wayne, W. Va., Walmart subsequently crashed it into the supermarket. WSAZ reports that a witness thought someone was messing with her "until she noticed the face of the driver was a dog's."
She says a second dog was in the passenger seat, and after the wreck that dog somehow managed to roll the window down. The store paged the owner of the car, who turned out to be a woman the witness described as looking to be in her late 70s. The car owner said she left the car running while she went into the store so the dogs could stay cool, and the dog had managed the get the car out of park.
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Alice Walton, heiress to the Walmart fortune, donated $353,400 to Hillary Clinton's "Victory Fund" and another $25,000 to the Ready for Hillary PAC. Read the rest
A pharmacist fired by Walmart after reporting safety problems
was awarded $31m in damages by a jury Friday. Read the rest
Walmart has fought against unionization at every step of the way, including producing videos to dissuade workers from organizing. Read the rest
The plain truth, courtesy of anchor John Potter of KTVN in Reno. Read the rest
America's largest retailer is to rid its shelves of flags and other tat sporting the popular symbol of slavery and racism. Read the rest
Arrest warrants have been issued after the video was posted to YouTube, "racking up hundreds of views" and alarming locals in South Williamson, Kentucky. Read the rest
Once again, a Walmart store has set out a collection box for food donations to support its own employees, who are paid so little that they depend upon social assistance (and public generosity) to survive. Read the rest