Kroger Beats Wal-Mart to the Financial Services Punch

Telling Wal-Mart or any other retailer they can’t have an ILC but CAN partner with an existing bank is like telling a steel company that they can’t buy their own coal company but they CAN partner with an existing coal company. What is wrong with vertical integration? Why was Sears permitted to have an ILC? Why is Target, which pays less than Wal-Mart in every area except CEO pay, permitted to operate an ILC. I believe in fairness and equality and not in using “grandfather” clauses. You know as well as I do that if Wal-Mart already held an ILC, so-called “grandfather” clauses would be overturned.

You have to have equality in the marketplace. Government cannot give one company an advantage over another. Government is giving Target a huge break while helping Target to harm Wal-Mart. Where will the discrimination end?

You have to have equality in the marketplace.

That’s another one of Nick’s theoretical platitudes. Sure, it would be nice if things were equal, but they’re not. You don’t hear Wal-Mart squeal when they’re on the up side of inequality.

Butch up, Bentonville. You’re just going to have to come to grips with the fact that if you want an ILC it is going to cost you dearly.

Ken

Chew on this.

Wal-Mart in 2006 had record sales and profits. Wal-Mart hired tens of thousands of people (and it has a lower acceptance rate than Harvard), opened hundreds of stores and, best of all, is still NON-UNION!

How do YOU like THEM apples?

i>How do YOU like THEM apples?</i>

You just re-watch Good Will Hunting?

Wal-Mart’s profit increased by less than ½ of 1%, the lowest increase ever. Same store sales suck and new supercenters aren’t returning their cost. More and more analysts as well as investors won’t touch Wal-Mart stock with a 10-foot-pole. And states are now realizing that Bentonville has been cheating on their state taxes for years.

Those “apples” are in that basket also.

“ best of all, is still NON-UNION!”

How do YOU like THEM apples?

Nick in

Pssst. Nick
Walmart is not still NON-UNION.
Your looking foolish.

R E M E M B E R
J O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse

Alex,

“Pssst. Nick
Walmart is not still NON-UNION.
Your looking foolish.”

Sorry, but if a company has 4,000 employees, and 1 or 2 employees are Gay, you can not say that the company is Gay!!  Likewise, you cannot say that a company with 4,000 stores and 1 or 2 of them is Unionized, the company is a Union company!!  Wal-Mart is basically still NON-UNION!!

So let me understand this Bob using your methods.
Would it be like if a candy bar company advertised ‘peanut free’ on a product [because of children being allergic to them], yet a few peanuts got into the batch, that would still mean that their product is ‘peanut free’?

The fact is that Walmart is NOT UNION-FREE.
It is my opinion that union activity is going to increase.

R E M E M B E R
J O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse

Alex

Wal-Mart has roughly 1.5 million US employees working at more than 4,000 locations. Of this number, what number of workers and locations are unionized and what percentage? Share with us, please.

Ken

GE stock is in the tank and has been since Jeff Immelt took over. Yet, GE continues to turn a large profit and is considered by many, myself included, to be both the best managed company and the best company to work for. Is GE in bad shape because their stock is not shooting up? I am not a day trader. I look for the underlying fundamentals. Wal-Mart, like GE, is more than its stock price. It’s fundamentals are sound, meaning it will make a profit in good times and bad. I am not looking to score a quick buck off the sharp movement of a stock. You have a better chance at a Vegas craps table. Look at the company, their history, their leadership, their assets, their market and their future potential. Wal-Mart and GE are both poised for long, steady growth.

I’ll bet that really pisses you off, doesn’t it?

“.....and, best of all, is still NON-UNION!”

How do YOU like THEM apples?

Nick in

Well Nick,
When you ask “Of this number, what number of workers and locations are unionized and what percentage?” all the numbers are above zero. That makes your statement false.
I know that doesn’t make Walmart or you happy.
Enjoy those apples Nick.

R E M E M B E R
J O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse

Alex,

I think you are spinning this way too much.  I’ll agree with you, that Wal-Mart is not UNION-FREE, but it is far from being a Unionized company, therefore, as the majority of Wal-Mart HAS NO UNION, it is still a NON-UNION company.  Ford, GM, etc. which have 100% union memberships ARE UNION companies, a compay that has less than 1% union membership, IS NOT A UNION company!!  In fact, I think that Costco, is NON-UNION as well, because less than 50% of their employees belong to the union!!  I think the measurement, would have to be, under 50% membership, NON-UNION, over 50% membership, UNION!!  Remember, you have to include the WHOLE compan, when making claims like that!!

I think progress is now being made. However I believe that the issue was Walmart being Non-Union. Not fully unionized.
Put out your Union-Free signs next time your garbage/recycle items are picked up. Those days are gone.

R E M E M B E R
j O N Q U I E R E
Q U E B E C
Home of Walmart Worker Abuse.
We will never forget what you did Walmart.
Never.

Alex,

We already knew that Wal-Mart was NOT Union Free, because of the union in China, besides, did any of the stores you mentioned get the union in yet?

Yet, GE continues to turn a large profit and is considered by many, myself included, to be both the best managed company and the best company to work for.

Go to work for GE then, Nick. If you don’t want to do that why not blog for GE? It has got to be easier to defend GE than Wal-Mart.

...poised for long, steady growth.

Poised is such an ambiguous word. The demonstrable trend has been in the other direction.