News

With Protests against America’s Largest Retailer Expanding Nationwide, Walmart Workers in at least Six Cities Walk Off Job

Business Wire has breaking news (and teleconference information) about Wal-Mart associates walking out of stores all over Dallas, and reports that “Walmart workers from stores in Miami, the DC-area, Sacramento, Southern California and the Bay-area are also walking off the job.”

From: Business Wire


Wal-Mart Going Head-to-Head with Banks with Prepaid American Express Card

Wal-Mart, always looking out for the American consumer, has decided to put roll out a new prepaid store card in partnership with AmEx. “The card will act much like debit or credit cards — except those products are covered by much stricter consumer protection laws.”
From: The Washington Post

Why This Analyst Says A Walmart 'Deception' Is Overwhelming Facebook With Spam

Rich Greenfield, an analyst at BTIG, has alleged that Wal-Mart is selling ad-space to third parties on its Facebook page, which means that when you think you’re liking a TV show or a food or a shoe or whatever when those things come up in your feed, your like actually goes straight to the retailer. Wal-Mart has come back and said Greenfield’s full of it, but, well, it’s Wal-Mart.

From: Business Insider


Will Not Allow Walmart in West Bengal: Mamata Banerjee

Americans aren’t the only ones upset with the world’s largest retailer.  Mamata Banerjee, the chief minister for West Bengal, has accused the central government of selling out in its decision to allow Foreign Direct Investment in Indian retail. "They want to snatch your land and livelihood and set up Walmart here. But let me say this. As long as I am here, we will not allow Walmart to enter. We cannot and will not allow anything that jeopardises the interest of common people," said Banerjee.

From: Business Today