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Originally Posted by Azure
Might be a good time to buy Walmart stock. Not preforming very well right now but how has to think their efforts will pay off in the long run similar to Costco.
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Back to the original thesis for a second...
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I predicted that workers would like making more per hour, rather than less (who wouldn’t?), and that this would allow Wal-Mart to attract a better class of worker, or at least keep the workers it had around longer, reducing turnover costs and allowing the company to deliver a better customer experience. But I was less sure that this would actually deliver increased profits; indeed, Irwin notes that it hasn't. Revenue is up, as are ratings in customer surveys. But so far, that’s not translating into enhanced profitability. “Operating income for Walmart’s United States stores was down 6 percent in the most recent quarter,” Irwin writes, “reflecting higher labor costs and other new investments.”
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https://www.bloomberg.com/view/artic...ks-for-workers
Maybe don't jump om the WMT train yet.