WalMart, the giant supermarket appears to feature in the news a lot. After all it is one of the largest chain of discount stores in the United States of America. Its former chief Executive H. Lee Scott, on an interview with the New York Times said that running the chain is “like running for president of the United States" because of the constant scrutiny.
Walmart was started by Sam Walton in 1962 and as of today has many outlets in different countries operating under different names. According to Forbes report, as of 2010, it was the “largest public corporation by revenue”.
Walmart features in the news for many reasons, both good and bad. It is discussed in social medias gaining foes and supporters alike. Some support it for making the common person afford things that would otherwise be outside their domain while critics argue that the low prices have depressed domestic wages and exported manufacturing jobs to foreign countries which in the process has hurt Americans more than help them.
Complaints have been leveled against it for undercutting its business competitors by offering very low prices to the same products as its competitors. By so doing, Walmart was in effect pushing smaller business entities out of business.
Walmart is known to have grown stronger during the recession due to its low prices on grocery and other products. “The financial turmoil that strangled discretionary spending at many stores sent struggling consumers straight into the arms of Wal-Mart”. However as the economy picked up, the sales are said to have “flattened up”.
Labor Relations
The areas that the company has however featured more is on its labor relations. Walmart has been accused many times of exploiting its factory workers particularly those from developing countries. It is suggested that the only reason it is able to offer such cheap prices for its products is because of exploiting cheap labor in countries like China.
WalMart has also been accused of being racist against people of color and it has really been working hard to wipe out this image. More and more their commercials have employees who are of color which is of course aimed at showing diversity of its employees. This accusation emanated from a time when someone used a Walmart public address system and said “Attention Wal-Mart customers: All black people leave the store now.”
Read more: http://socyberty.com/issues/walmart-has-many-woes-and-customer-service-is-zilch/#ixzz1QPqDAmdT
Walmart was started by Sam Walton in 1962 and as of today has many outlets in different countries operating under different names. According to Forbes report, as of 2010, it was the “largest public corporation by revenue”.
Walmart features in the news for many reasons, both good and bad. It is discussed in social medias gaining foes and supporters alike. Some support it for making the common person afford things that would otherwise be outside their domain while critics argue that the low prices have depressed domestic wages and exported manufacturing jobs to foreign countries which in the process has hurt Americans more than help them.
Complaints have been leveled against it for undercutting its business competitors by offering very low prices to the same products as its competitors. By so doing, Walmart was in effect pushing smaller business entities out of business.
Walmart is known to have grown stronger during the recession due to its low prices on grocery and other products. “The financial turmoil that strangled discretionary spending at many stores sent struggling consumers straight into the arms of Wal-Mart”. However as the economy picked up, the sales are said to have “flattened up”.
Labor Relations
The areas that the company has however featured more is on its labor relations. Walmart has been accused many times of exploiting its factory workers particularly those from developing countries. It is suggested that the only reason it is able to offer such cheap prices for its products is because of exploiting cheap labor in countries like China.
WalMart has also been accused of being racist against people of color and it has really been working hard to wipe out this image. More and more their commercials have employees who are of color which is of course aimed at showing diversity of its employees. This accusation emanated from a time when someone used a Walmart public address system and said “Attention Wal-Mart customers: All black people leave the store now.”
Read more: http://socyberty.com/issues/walmart-has-many-woes-and-customer-service-is-zilch/#ixzz1QPqDAmdT
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