- Greek leaders blow chance of quick EU bailout approval Luke Baker and Dina Kyriakidou - Reuters
BRUSSELS/ATHENS (Reuters) - Euro zone finance ministers have dropped plans for a special face-to-face meeting on Wednesday on Greece's new international bailout, saying political party chiefs in Athens … More »Greek leaders blow chance of quick EU bailout approval
BRUSSELS/ATHENS (Reuters) - Euro zone finance ministers have dropped plans for a special face-to-face meeting on Wednesday on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform. A day before euro zone finance ministers had been due to meet …
- Greece battles to salvage bailout package Dina Kyriakidou and Renee Maltezou - Reuters
ATHENS (Reuters) - Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours … More »Greece battles to salvage bailout package
ATHENS (Reuters) - Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers. But with mistrust of Athens high, several EU sources told Reuters …
- Kellogg to buy Pringles from P&G for $2.7 billion Martinne Geller and Jessica Wohl - Reuters
(Reuters) - Kellogg Co agreed to buy Pringles potato chips from Procter & Gamble Co for $2.7 billion in a cash deal that will nearly triple the cereal maker's international snack business. The transaction … More »Kellogg to buy Pringles from P&G for $2.7 billion
(Reuters) - Kellogg Co agreed to buy Pringles potato chips from Procter & Gamble Co for $2.7 billion in a cash deal that will nearly triple the cereal maker's international snack business. The transaction will also let household goods maker P&G finally leave the food business after its agreement with Diamond Foods Inc fell …
- Wall Street hits session lows as Apple falls Reuters
NEW YORK (Reuters) - Stocks hit session lows and the Nasdaq turned negative on Wednesday as shares of Apple Inc gave up earlier gains and moved into the red. The Dow Jones industrial average dropped 87.49 … More »Wall Street hits session lows as Apple falls
NEW YORK (Reuters) - Stocks hit session lows and the Nasdaq turned negative on Wednesday as shares of Apple Inc gave up earlier gains and moved into the red. The Dow Jones industrial average dropped 87.49 points, or 0.68 percent, to 12,790.79. The Standard & Poor's 500 Index lost 4.40 points, or 0.33 percent, to 1,346.10. …
- North and south split as euro zone economy shrinks Robin Emmott and Daniel Flynn - Reuters
BRUSSELS/PARIS (Reuters) - The euro zone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany … More »North and south split as euro zone economy shrinks
BRUSSELS/PARIS (Reuters) - The euro zone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water. The drag is coming from a stricken, debt-laden south, epitomized by a slumping Italy. Economic …
- Avon sales slide as door-to-door reps leave Phil Wahba - Reuters
(Reuters) - Avon Products Inc reported weaker-than-expected fourth-quarter results as sales slid in most markets, and executives raised the possibility of layoffs soon. At the same time, representatives … More »Avon sales slide as door-to-door reps leave
(Reuters) - Avon Products Inc reported weaker-than-expected fourth-quarter results as sales slid in most markets, and executives raised the possibility of layoffs soon. At the same time, representatives who work on commission and are essential to selling Avon's cosmetics directly to consumers were leaving the company in …
- Shares finish flat in late rally on Greece Chuck Mikolajczak - Reuters
NEW YORK (Reuters) - Stocks erased losses to end little changed on Tuesday after a Greek government source said the conservative party leader was expected to deliver a letter of commitment to the country's … More »Shares finish flat in late rally on Greece
NEW YORK (Reuters) - Stocks erased losses to end little changed on Tuesday after a Greek government source said the conservative party leader was expected to deliver a letter of commitment to the country's international lenders. A sign of Greece's commitment to the tough austerity measures demanded by euro zone leaders …
- Obama plan will end dozens of business tax breaks Kim Dixon and Rachelle Younglai - Reuters
WASHINGTON (Reuters) - The Obama administration's corporate tax reform plan will end "dozens and dozens" of tax breaks, U.S. Treasury Secretary Timothy Geithner said on Tuesday as he defended the White … More »Obama plan will end dozens of business tax breaks
WASHINGTON (Reuters) - The Obama administration's corporate tax reform plan will end "dozens and dozens" of tax breaks, U.S. Treasury Secretary Timothy Geithner said on Tuesday as he defended the White House's election-year call for higher taxes on the wealthy. Within days, the administration is set to unveil a blueprint …
- Apple CEO: cash discussions intensifying Poornima Gupta and Noel Randewich - Reuters
SAN FRANCISCO (Reuters) - Apple Inc is in very active discussions at the board level about what to do with its steadily growing hoard of cash and securities, Chief Executive Tim Cook said on Tuesday, responding … More »Apple CEO: cash discussions intensifying
SAN FRANCISCO (Reuters) - Apple Inc is in very active discussions at the board level about what to do with its steadily growing hoard of cash and securities, Chief Executive Tim Cook said on Tuesday, responding to calls for the world's most valuable electronics company to put its massive cash reserves to work. Cook, in …
- Analysis: Greece heads for record books as economy slumps Alan Wheatley and Scott Barber - Reuters
LONDON (Reuters) - Entering the fifth year of recession, Greece is writing its name in the book of unwanted records for one of the deepest economic slumps of modern times. The Greek economy shrank 6.8 … More »Analysis: Greece heads for record books as economy slumps
LONDON (Reuters) - Entering the fifth year of recession, Greece is writing its name in the book of unwanted records for one of the deepest economic slumps of modern times. The Greek economy shrank 6.8 percent in 2011, leaving the level of output an estimated 16 percent below its pre-crisis peak. Unemployment has soared …
- Brilliant mistakes: how failure is the best teacher Nicole Carter - Inc
Afraid of failing? You shouldn't be. Those who embrace their mistakes can find new meaning in failure. More »Brilliant mistakes: how failure is the best teacher
- Don't underestimate 'tech block' Mark Peter Davis - Inc
Make sure your new hires are not only computer literate, but tech-savvy. Here's why. More »Don't underestimate 'tech block'
- Myths about startup pay Noam Wasserman and Furqan Nazeeri - Inc
I've been collecting data about startups and compensation since 2001. Here's what entrepreneurs think they know about startup pay -- and what actually happens. More »Myths about startup pay
- Inside 3 chocolate startups Jeanette Hurt - SecondAct
Three chocolate lovers who decided to make their passion their vocation More »Inside 3 chocolate startups
Three chocolate lovers who decided to make their passion their vocation
- $6B in small business export funding about to dry up KC Ifeanyi - Inc
The Ex-Im Bank is under threat of being tapped dry and is facing imminent stoppages for financing small-business exporting. More »$6B in small business export funding about to dry up
- How to enjoy your free time more Jessica Stillman - Inc
Since the time of Ben Franklin busy entrepreneurs have been told 'time is money,' but is this common mindset actually making you miserable? More »How to enjoy your free time more
- Why God Loves Entrepreneurs Jon BurgstoneBill Murphy, Jr. and - Inc
If you ever wondered whether starting a business is worth the hell you put yourself through, read this. More »Why God Loves Entrepreneurs
- Is the boss a psycho? Paul Spiegelman - Inc
A recent study shows that you are four times more likely to find a psychopath in the boardroom than on the street. So what? More »Is the boss a psycho?
- All employees deserve paid sabbaticals Joe Reynolds - Inc
I've learned so much from my own wanderlust that I decided to pass it on to my employees: Everyone gets a free one-month trip every five years. Here's why. More »All employees deserve paid sabbaticals
- Protect yourself from poachers Tom Searcy - Inc
Ask yourself these 5 questions to see whether your biggest clients are at risk of being lured away. More »Protect yourself from poachers
Question
Why do so many people hate Wal-Mart?
Today I heard one old man saying that since Sam Walton died his kids have ran Wal Mart into the ground.Yeah right! That's why they are the #1 retail chain in the US and probably the world.But I know there are alot of people who refuse to shop there.But you're not hurting Wal-Mart any.
If Wal-Mart can lower their prices then the small businesses should lower theirs too.Thats What competition is all about.Sam Walton had to do it when he was starting out.And any other small business owner who had the chance would do it exactly the way Wal-Mart did.
Best Answer
You hear a LOT of complaints by people who work or worked at Wal-Mart.
My biggest question is if Wal-Mart is so bad....then why work there????
Go work somewhere else.
Don't reward Wal-Mart by continuing to work there (and complaining about it).....vote with your feet.....QUIT and take a job elsewhere.
Wal-Mart will eventually get the message when the quality employees leave and customers fed up with inferior Wal-Mart employees start to shop elsewhere.
Other Answers
Evil because they shut down small competitors, eliminate choice not only of stores but brand names and products, you end up having to buy what they choose to stock, mostly made in China. Hilary Clinton was on the board of directors at the same time all the smalltown liberals and hippies were railing against Wal-Mart. I'd rather buy American products, if you can any anymore, even if a little more expensive. If WE don't save our own country, who will?
by catawhumpus - 5 years agowalmart's prices can't be beat however their employee policies are another issue
they change shifts of employees and if they adjust to their schedule they fire them-what is a mother or father to do when there are children need to be taken care of and then you suddenly get your shift changed? they have an 'open door' policy but it is not kept quiet - u find then you are demoted- I could go on and on-they don't take care of their employees
Source(s)
a former Walmart employee
by ekleinert - 5 years agoonce they move to a new small town they close down small companys and mom and pop stores. they give low prices by paying there employees very little and off crappy; if no benefits. and the reason why the people work there is because walmart shut down all there other oppertunities.
by lasvegasguy - 5 years agoMexicans
by Laurie H - 5 years agoActually, it is hurting Wal-Mart, it has been reported that Wal-Mart sales have been declining for months, and it's about time! Stores like Wal-Mart have been ruining towns for years now. Lots of small specialty stores have gone out of business because of Wal-Mart with all of its departments and everything under one roof. There are also reports that Wal-Mart has been treating their employees badly, cutting retirement and not giving raises when they are due. I know I try my hardest not to shop there!
by Miss J - 5 years agoI don't believe that many people really hate Wal-Mart, if you go by the amount of sales that they've had in recent history.
I suppose there will always be some people who will not shop there because of this reason for that reason or whatever.
I don't think those few people who don't shop there are going to make much of an impact.
And I believe that this is going to be true of practically all the retail stores. Every one of them are in the business of trying to outdo the other, by trying to be bigger better faster more service oriented etc. etc..
The one thing that I believe Wal-Mart is going to do that will probably really hurt their future business is that they are going to do away with layaway after this year. They may reconsider this move before next year, but the bottom line has always been the money. And it isn't cost efficient, they probably will not ever have layaway again.
they are a controversial company for many reasons. first of all they are monopolistic and destroy local shops. they buy chinese products at dirt cheap prices and american companies cant compete with them. They also have a history of exploiting workers. Ive heard of studies that say that walmart employees cant afford to shop at walmart.
by linguist - 5 years agoI wonder.
by toolman29505 - 5 years agoThere are many reasons. Here are several:
* Attack the front runner. Wal-Mart is out in front of their competition and growing, so they make a big target. Just like McDonalds may not have the most fattening food but because your arguments have more significance if you attack the front runner.
* Non-union workforce. Many major grocery chains and retailers (such as K-Mart) are unionized, but Wal-Mart is not.
* Low wages / low benefits. The Wal-Mart system is based on deliverying low prices by driving down costs in all parts of their business. This includes lower wages and benefits than many other retailers. People complain about this, but ignore the fact that people are not forced to work at Wal-Mart. If people can find a better paying job elsewhere, they will take it.
* More Wal-Mart market share means less for someone else. Wal-Mart is a big and growing business because they have a system for delivering low prices. Smaller stores cannot negotiate the same volume discounts with suppliers. People go where the prices are low - and over time the smaller competitors may be forced out of business. When a new big Wal-Mart goes into a town, all the stores that go out of business will blame their failure on Wal-Mart, even though some of them would have gone out of business anyway.
* Snobery: Big Wal-Marts have a blue-collar feel to them. Some people prefer the smaller more sophisticated specialty shops.
* Very competitive business practices. Part of the Wal-Mart system is negotiating very low prices from their suppliers. This puts pressure on their suppliers and sometimes hurts them.
The act tantamount to unfair competition and business malpractice, that only the moneyed can do business because Wal-Mart has the right to dictate prices without hurting much his business and its losses due to lowering of prices could easily be recovered. It has money too for costly advertisement which small business can afford to spend.
by wilma m - 5 years ago"But you're not hurting Wal-Mart any."
Is that why sales are down for the last several months?
The people who have been hurt by Wal-Mart are a identifiable group with injuries that can easily be pointed out. (I.E. X shops went out of business and Y people lost their jobs, creating $Z in lost wages)
The benefits, on the other hand, tend to be spread out over a broader group of people. (People went to work for Wal-Mart making $.25 an hour more and families saved $5/week on their basics) It takes an in-depth economic analysis to see the full benefits provided
Whether or not the Wal-Mart effect is positive, the PR battle will pit personal stories against data. I don't like the data's odds...
People don't care as long as they can get, CHEAP PRICES!
by queendebadow - 5 years ago





















