“STRAIGHT OUTTA’ BENTONVILLE”
|| By FITSNEWS || Earlier today we ran an item on Walmart – the world’s largest retailer. Our post (which referenced previous reporting from Bloomberg and Zero Hedge) focused on the unintended consequences of wage increases – namely the company’s decision to cut back on employee hours after raising wages for its lowest-paid employees.
The article was intended to reinforce our editorial view that government-mandated minimum wage hikes are pointless (in addition to being wrong).
Apparently our post caught the eye of the Walmart public relations office – namely its senior director of corporate communications Kory Lundberg, who reached out to us in an effort to “make sure you have Walmart’s comments on this story.”
This year, associates are getting more hours, better pay, and more predictable schedules than last year. We’re pleased with the progress we are seeing and its impact on improving traffic and comp sales, as we reported during second quarter earnings. Managing hours is a routine part of running a sustainable operation, and in select number of stores, it requires keeping those hours to what was originally budgeted.
… and there you have it.
“Straight outta’ Bentonville,” people.
Anyway, Lundberg told us he’d be johnny-on-the-spot with any other media inquiries we might have in the future … an offer we’re more than happy to take him up on.