Goodbye, Sam's? (Page 2): Post hoc, ergo propter hoc...

DavidJon Loc: Ada, Oklahoma

jerryc41 wrote:

After getting a huge tax break and raising wages, Walmart is closing sixty Sam's Club stores. Taking thousands of people off their payroll will more than make up for the increase in pay.

http://abcnews.go.com/Business/wireStory/walmart-raises-starting-wages-handing-1k-bonuses-52279082

Post hoc, ergo propter hoc

duffy021049 Loc: Colorado

Vancewood wrote:

There are people out there who are so Anti-Trump they can't look at a positive thing like bonuses, raises etc. and find a way to blame Trump in the process.

tracs101 Loc: Huntington NY

gnawbone wrote:

Thank You - a factual answer as opposed to an emotional response.

Ditto!

mr spock Loc: Fairfield CT

If it’s in the mainstream media and involves the name Trump take it with a grain of salt.

TJBNovember Loc: Long Island, New York

Just an FYI on those bonuses Walmart is handing out,

Walmart's wage increase will take effect in February. The company said the one-time bonuses would cost the company $400 million and will be based on length of service. Employees who have worked for at least 20 years will get the full $1,000, but most will get up to a few hundred dollars.

jsmangis Loc: Peoria, IL

It also might be because Costco has better merchandise and lower prices. They also take better care of their employees. I quit shopping at Sams soon after our Costco opened.

Fotoserj Loc: St calixte Qc Ca

ABC’s, all networks are exaggerating and especially TWN with their reporters standing in high wind/rain/snow so it look more sensational, just talking about windchill or humidex to make temperature worst than it is. Not so long ago a local newspaper ran a headline, section of overpass crash down on lower level, wow when you read on you realize that they we’re demolishing it and the crane lower it on when a problem arise, oh they also forgot to mention that this lower section had been closed and out of service

sueyeisert Loc: New Jersey

akamerica wrote:

It is faulty thinking to blame the tax cut and bon... (show quote)

Costco is a great store with excellent help. Years ago I heard that starting salary is $13 per hour at Costco. The family that owns Walmart is the richest in the US. Their wealth is off the backs of their workers and the Us tax payer since we subsidize Walmart workers healthcare etc.

machia Loc: NJ

gnawbone wrote:

Thank You - a factual answer as opposed to an emotional response.

Fantastic summation !
So tired of the emotional crap.
Sam’s Club has been losing business to Costco for years . Walmart is in business to make money , period .

jimneotech Loc: Michigan

jsmangis wrote:

It also might be because Costco has better merchandise and lower prices. They also take better care of their employees. I quit shopping at Sams soon after our Costco opened.

machia Loc: NJ

sueyeisert wrote:

Costco is a great store with excellent help. Years ago I heard that starting salary is $13 per hour at Costco. The family that owns Walmart is the richest in the US. Their wealth is off the backs of their workers and the Us tax payer since we subsidize Walmart workers healthcare etc.

Your healthcare claim is something I’m going to check into .
But your statement about the Families wealth is made off the backs of their workers sounds a little like Marxism to me . Of course their workers make them money ! That’s Capitalism .

kerry12 Loc: Harrisburg, Pa.

I read that they are allowing many of them to transfer to other nearby Sam's and Walmart stores.

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

TJBNovember wrote:

Just an FYI on those bonuses Walmart is handing out,

Walmart's wage increase will take effect in February. The company said the one-time bonuses would cost the company $400 million and will be based on length of service. Employees who have worked for at least 20 years will get the full $1,000, but most will get up to a few hundred dollars.

....and the wages cut by closing the stores is about 1/2 the amount of the bonuses alone. Add in the extra $2/hr for its over a million employees and you have quite a sharing, yes? Also note there is no proof it’s a one time bonus, and that’s not even mentioning the other perks that have been created.

markngolf Loc: Bridgewater, NJ

Yes, I saw that too. The Walton's have never demonstrated concern or caring about anything other than increasing their fortunes.
Mark

jerryc41 wrote:

After getting a huge tax break and raising wages, Walmart is closing sixty Sam's Club stores. Taking thousands of people off their payroll will more than make up for the increase in pay.

http://abcnews.go.com/Business/wireStory/walmart-raises-starting-wages-handing-1k-bonuses-52279082

photoman022 Loc: Manchester CT USA

My local Sam's (which is closing) used to have a photo center that did quality work. When they closed the photo center they told us to go to Walmart to have our photos done. Walmart's photos cost three to four times as much as Sam's and the quality was horrendous. Instead, I joined Costco (which is 30 minutes away); after joining, Costco was going to close its photo center, but enough people complained so they kept it open.

Sam's was never a money-maker for Walmart (or so I've read). Walmart is making a strategic move to strengthen its bottom line.