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Posted: 4/26/2024 11:32:28 AM EDT
https://abcnews.go.com/Business/walmart-us-ceo-talks-inflation-checkout-paying-figures/story?id=109544504

This year, Walmart says it has doubled the number of skills certificates it offers to help people move into higher-paying careers within the company, such as software engineers, data scientists, and opticians. Walmart says certificate programs take associates about four months on average to complete, compared to years for a degree.

Currently, 75% of Walmart’s salaried managers began as hourly associates. High-performing Walmart managers at the store’s Supercenters now have the ability to earn more than $400,000 a year, which includes a new stock grant rewards program. Some of those managers have college degrees, while others do not – it is not required for the job.

Furner acknowledged that the prevalence of shoplifting and organized retail crime across the country remains a challenge for retailers of all sizes. He says shrinkage – the industry term for merchandise loss due to theft – has increased at Walmart over the past two years. In response, the big-box retailer has been selectively removing self-checkout counters from some locations where there are more instances of shoplifting and mis-scanned items, but Furner told ABC News that self-checkout is not going away at Walmart.

On the inflation front, Furner says he continues to see improvement: “At Walmart, we are now seeing prices that are in line with where they were 12 months ago. I haven’t been able to say that for a few years now.”

Furner also sees deflation in big categories like general merchandise, where some prices are below where they were a year ago. “The last few weeks, we've taken even more prices down in areas like produce and meat and fresh food," Furner said.
Link Posted: 4/26/2024 11:43:48 AM EDT
[#1]
If you can WORK, Walmart is a good company to get into.
Link Posted: 4/26/2024 11:47:32 AM EDT
[#2]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By slow3v:
If you can WORK, Walmart is a good company to get into.
View Quote


it only costs your dignity

Link Posted: 4/26/2024 11:58:29 AM EDT
[#3]
Shrinkage means inventory shrinkage.
It can be from theft or shipping/handling damage.
Link Posted: 4/26/2024 12:00:36 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jough43:
Shrinkage means inventory shrinkage.
It can be from theft or shipping/handling damage.
View Quote


"Eaten by snakes"
Link Posted: 4/26/2024 12:05:45 PM EDT
[#5]
Knew a guy who was just good at working at Walmart. If that makes any sense . Hillbilly from southwest missouri. Started at the bottom and just got promoted and promoted quickly to store manager.

Making 100s of thousands. Moved him to problem stores because he was good.

He quit. Makes far less and doesn’t care. Total burn out.

It’s not a bad place to start but you have to manage up
Link Posted: 4/26/2024 12:28:14 PM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By jough43:
Shrinkage means inventory shrinkage.
It can be from theft or shipping/handling damage.
View Quote


Walmart is brutal on suppliers. If shipping damage is reported it is billed back to the supplier. They don't eat it.
Link Posted: 4/26/2024 1:00:13 PM EDT
[#7]
Friend took a buyout from Walmart. Was a manager.  They are known for paying people to go away for someone cheaper
Link Posted: 4/26/2024 1:18:25 PM EDT
[#8]
Our local Walmart seems to have a DEI manager - the rotisserie chicken machine is almost always broken.
Link Posted: 4/26/2024 1:25:44 PM EDT
[#9]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By TODD-67:


Walmart is brutal on suppliers. If shipping damage is reported it is billed back to the supplier. They don't eat it.
View Quote


Yes, but when it is damaged after receipt from vendor, then it is shrinkage.
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