Are you surprised that Walmart is not making much money?
By scheng1
@scheng1 (24649)
Singapore
October 17, 2015 3:07am CST
At first I am rather puzzled that Walmart has a disappointing quarter, and the management expects the coming two years to be worse than before.
After reading about the reason for the lower earning expectation, I think Walmart is doing the right thing.
One of the reasons is that Walmart increases the salary of the workers, and will increase to $10 per hour next year.
Walmart's Disappointing Sales And Earnings Forecasts Spell Doom For The Industry Source: http://www.forbes.com/sites/walterloeb/2015/10/15/walmarts-disappointing-sales-and-earnings-spell-doom-for-the-industry/ I normally do not agree with Marco Rubio on mo
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2 responses
@kataomoi (708)
• Japan
17 Oct 15
I don't know. They're not making "much" money, but I bet they're still making more than the average person. I think in this time and day, everyone is going through a hard time. So even though it's not "much money" to them, it's probably still a good amount.
2 people like this
@scheng1 (24649)
• Singapore
17 Oct 15
If your company is not doing well, you will start to worry about your jobs.
Do you know how many workers work in Walmart?
They all rely on Walmart to provide them a job. If Walmart starts to lose money, they will cut the salary of the workers, and the workers will suffer.
It is a good thing when Walmart starts making more money, so that workers gain, and the bad time is over.
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