U.S. stocks (^DJI, ^GSPC, ^IXIC) and oil plummet amid another global selloff. U.S. stocks slid and the 10-year treasury fell below 2% as markets around the world dropped into negative territory. Tim Anderson, managing director of TJM Investments,joins us live from the floor of the New York Stock Exchange to provide an inside perspective on this latest market turmoil.
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Wal-Mart to close 269 stores
Wal-Mart (WMT) announces plans to close 269 stores worldwide, including 154 in the U.S. The closures will affect a total of 16,000 employees. What companies stand to benefit? Chipotle to close all locations for a few hours
Chipotle (CMG) is closing all of its restaurants for a few hours one day in February for a company-wide meeting to discuss food safety in the wake of its E. coli and norovirus outbreaks last year. The company announced earlier this week that it will launch a marketing campaign next month. Will this help Chipotle on its road to recovery? http://finance.yahoo.com/news/u-s--...er-stores--is-chipotle-closing-155640549.html
Re: Canadian economy : Walmart closing stores 16000 employees layoffs
[h=1]
STORE ARE IN US.
Walmart Closing Stores [/h] by James Denison / January 15, 2016 9:48 AM PST
Wal-Mart to close 269 stores
Wal-Mart (WMT) announces plans to close 269 stores worldwide, including 154 in the U.S. The closures will affect a total of 16,000 employees. What companies stand to benefit?
How many walmart employees and how many stores?
Wal-Mart Statistics Data
Total amount of money spent at Wal-Mart every hour of every day $36,500,000
Total amount of profit Wal-Mart makes every minute $34,980
Total number of employees 2,010,000
Total number of stores 4,255
This means 6.3% of all stores will close. There are 472 employees per store including support, on average, to meet all hours or 3 shifts and cover employee days off, etc. This will put about 127,000 people out of work.
This averages to possible 127,000 people out of work eventually, if people working in headquarters of various regions, less truck deliveries so fewer drivers needed, those dismissed at some later time than just those working the floor. It seems however that only the lowest paid, the floor workers will first bear the brunt of this.
Re: Canadian economy : Walmart closing stores 16000 employees layoffs
Each week, more than 260 million customers and members visit our more than 11,500 retail units in 28 countries and e-commerce websites in 11 countries.
We employ 2.2 million associates globally, including approximately 1.4 million in the United States. Walmart is one of the largest private employers in the U.S. and Canada. For the fiscal year ended January 31, 2015, Walmart increased net sales by 1.9% to $482.2 billion and returned $7.2 billion to shareholders through dividends and share repurchases. Walmart ranked first on the 2014 Fortune 500 list of the world’s largest companies by revenue.
[h=2]Leadership [/h] Walmart’s board of directors is led by Chairman Greg Penner. In 2014, Doug McMillon became the company’s fifth president and CEO.
[h=2]U.S. Operations[/h] Walmart was founded by Sam Walton in 1962 with the opening of the first Walmart store in Rogers, Ark. The company incorporated as Wal-Mart Stores, Inc. in 1969 and was first publicly traded on the New York Stock Exchange in 1972.
In 1983, we opened the first Sam’s Club membership warehouse and in 1988 opened the first Walmart supercenter, which features a complete grocery department in addition to general merchandise. Today in the U.S., Walmart operates more than 5,200 retail facilities, including 4,588 Walmart stores and 651 Sam’s Club warehouses. For fiscal year 2015, Walmart U.S. net sales were more than $288 billion, and Sam’s Club net sales were more than $58 billion.
[h=2]Walmart Global E-Commerce[/h] Every day, millions of customers visit Walmart.com, where we offer the best values on a large assortment of products and services online, while providing easy, convenient access to Walmart anytime, anywhere. Walmart is dedicated to supporting a seamless shopping experience whether customers are online, in stores or on their mobile devices. When shopping online, U.S. customers can choose free in-store pickup – and also home delivery – as quickly as the same day. We launched a new Walmart.com site in 2014. Walmart’s next-generation site makes shopping faster, helps customers discover new products through personalization, and is easier to use on tablets. For the year 2014 (FY15), we outgrew the e-commerce market globally.
[h=2]Walmart International[/h] Walmart International operates more than 6,200 retail units in 27 countries outside the U.S. In fiscal year 2015, Walmart International net sales exceeded $136 billion.
We’ve created stores with different styles and formats to fit in with local customer needs and customs. More than 90 percent of our international stores operate under a banner other than Walmart.
Re: Canadian economy : Walmart closing stores 16000 employees layoffs
So people I ask once again if you was a full time employee of this company & bought a car on installments - how will you pay for the car after losing job??
