It’s been a busy week in Wally World: the Universe’s source of cheap plastic crap. On The Writing On The Wal — the blog USA Today says should be on its readers’ radar — Jonathan Rees, Robert Feinman, Peter Sayles and I continue our work dedicated to drawing back the curtain on the Bentonvile Behemoth’s corporate disinformation and other flackery.
WAL-MART SETTLES OVERTIME CASE… Wal-Mart has agreed to settle with nearly 87,000 present and past employees in a case involving underpayment of overtime. There are two strange twists to this story according to various press reports that I”ve taken a look at today:
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THE LEFT-COAST SPIN… Jonathan and I were pounding the keys at the same time on the announcement of Wal-Mart”s nearly $34,000,000 settlement agreement with the U.S. Department of Labor. I hit publish at 1426.07 and Jonathan tapped in at 1429.02. As always, there”s plenty of story to go around. Like this little sideshow out in California. Keep reading…
I WISH I COULD GO TO KANSAS CITY… I do love the barbecue in Kansas City and I know a few good blues clubs there, but that”s not why I”d like to be there on Monday. What I like to do this time is sit down with all the Wal-Mart managers who are gathering for the annual conference. From The Associated Press:
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WAL-MART JUST NOT FASHIONABLE… Two years ago someone at Wal-Mart thought taking part in New York fashion frenzies was a good idea for the retailer. It was all about the upscale thing. The wealthier customer thing. The we”re tired of selling cheap plastic crap thing.
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AT THE WALLY PLEX… There are sound stages on Hollywood”s back lots smaller than Bentonvile”s behemoths, so it”s no surprise that budding video talent has been sneaking cameras in at odd hours. And now for the midnight show at the Wally Plex featuring lauraclarke4.
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KONNICHIWA WAL-MART-SAN… Over the years Wal-Mart has tried to be more Japanese-like in its institution of morning associate gatherings, the singing of company songs and the like. To the best of knowledge, the efforts were flops. So maybe buying it is better?
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MARION BOMBERS THREATEN WAL-MART… It”s starting to look like people here in Ohio needs a lesson on the stupidity and dangers of bomb threats. For the third time in six weeks, police in Marion (North of Columbus) vacated building after notices of explosive devices on the premises were received.
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COMING TO A DECISION POINT… This Wednesday the Federal Deposit Insurance Corp. may decide the fate of Wal-Mart”s banking aspirations. This case is not just about Wal-Mart. Other commercial entitities want to own and operate their own banks. I think that”s a really bad idea. Remember Mr. Potter?. Keep reading…
GUM… X5… WAL-MART…? First, what kind of name is X5? That is so KGB it gives me the shivers. Back in the day Russians would walk through GUM, the state-owned department store in Moscow, dreaming of what might be. I don”t think they realized they would be buried by cheap plastic crap. Keep reading…
LISTEN TO DR. SPOCK WAL-MART… Get”em in the womb. That”s the new catch phrase at Wal-Mart. If you”re going to addict your cutomers to cheap plastic crap, you can”t start early enough. Can”t you just see the smileys on the bottoms of their little cheap plastic nappies? Keep reading…
BI-PARTISAN SLAM FOR WAL-MART… In a move obviously intended to send a message to the Federal Deposit Insurance Corporation, representative Barney Frank (D-Mass.) and Paul Gilmore (R-Ohio) introduced a bill today to ban commercial companies from owning a type of bank known as an industrial loan company.
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ANYBODY OUT THERE SPEAK GNOME…? This is my opportunity to display my ignorance in all its glory: Jon Ogg, who last year named Wal”Mart CEO Lee Scott to a list of Top CEO”s Who Have To Go, had this to say about Wal-Mart today. Under the headline: Cramer… slaps Lee Scott of Wal-Mart, Ogg wrote:
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WAL-MART JAPAN BLEEDING YEN… Even as Wal-Mart is looking to expand its retail business in Japan, it”s existing Japanese operation is in the red and announced today that it would go even further in the hole than previously announced. Five years in and it still can”t turn a profit? Keep reading…
BOB”S BANK…? OK, the name wouldn”t really be Bob”s Bank, it”s really Urban Trust Bank and owner Bob Johnson announced today that he intends to open branches inside Wal-Mart stores. Right now Johnson isn”t talking numbers, only that he”ll open branches in select stores. Keep reading…
WAL-MART MANAGEMENT SHAKEUP CONTINUES… In the wake of last week”s changes, Wal-Mart announced two more top management changes yesterday that could send ripples through the company, utlimately effecting as many as 15 senior management positions. From CNN Money:
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