Report: Walmart brings moms together in focus group meetings
New York — Walmart brought together 10 moms in Nashville, Tenn., on Wednesday night to air their thoughts about the economy , the federal government and their own household incomes. The gathering — one of several that occurred in different locations throughout the nation — was part on an annual focus group organized by the chain, reported CNNMoney. This year, the discussion focused on a subject very much in the headlines: budgets.
CNNMoney watched a live webcast of the Nashville focus group (the women used only their first names), which occurred shortly before the vote to reopen the federal government.
A dominant theme that emerged at the Nashville focus group was cutting back as the women related stories of how they have reduced big purchases, worry about paying for their children’s school trips and the like. On the positive side, all 10 women said things will get better.
With regards to the goings-on in Washington, the women agreed that the system is broken. As they debated on just who was to blame for the shutdown, they said that women would do a better job in office.
WalMart runs around and never directly at what should be a major cause for concern about achieving sales growth - THEIR HORRIFIC STOCK OUTS. IDENTIFY A FEW MAJOR PROBLEM STORES AND CONVENE PANELS OR ADVISORS OR WHATEVER TO COME UP WITH POSSIBLE SOLUTIONS, WHICH WOULD BE APPLIED CHAIN-WIDE' IF VALID AND APPLICABLE.WHAT ELSE COULD POSSIBLY INCREASE SALES TO SUCH AN EXTENT IN EXISTING STORES? DON'T INCLUDE STORE MANAGERS IN THESE PANELS, AS THEY ARE SOME OF THE WORST OFFENDERS IN CONTRIBUTING TO STOCK OUTS(by their lack of concern and action)
Report: Wal-Mart to shut 20 China stores
Bentonville, Ark. – Wal-Mart Stores will reportedly close 20 underperforming stores in China next year as part of an overhaul of its Chinese operations. According to Bloomberg, Wal-Mart is restructuring its business in China, including a new management structure and more efficient purchasing operations.
However, Wal-Mart still plans to open 100 stores in China during the next three years. A Wal-Mart executive said the stores being closed there do not have ideal locations or layouts.
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Report: Costco cooperates with DEA
Issaquah, Wash. – Costco Wholesale Corporation is reportedly cooperating with the U.S, Drug Enforcement Administration (DEA) in an ongoing investigation of prescriptions for controlled substances. According to Reuters, the DEA served Costco with warrants and subpoenas related to the investigation.
Costco announced its cooperation in an SEC filing and has made no other public comment. The DEA has been investigating pharmacy chains and distributors across the country in regard to prescription drug misuse and abuse.
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