On March 5, 2008, national retail giant Walmart opened a store at 7100 Raggard Road near the Pleasure Ridge Park neighborhood in southwest Louisville.
Now, a little more than 14 years later, the Bentonville, Arkansas-based company says it plans to close the "underperforming" Walmart Supercenter.
https://www.courier-journal.com/story/money/companies/2022/03/22/walmart-close-underperforming-southwest-louisville-store/7060612001/
The stock purchase match is actually 15%, up to $1,800 a year. $70 a pay period maxes it out. Every associate should do it, as well as 6% in their 401k to max out the dollar-for-dollar company match. Freeeeee money.
It gets even better for salaried associates with yearly stock grants and vesting.
@6uut+1fSbrrZE, actually as a stockholder I’m more concerned with the overall health of the company, which is actually very good. Constant dividends, solid stock price that is reasonably reliable and a business plan that is working. If you are a store level associate, you might be seeing just a small microcosm of the company. Not that that is bad, but unless you are watching the big picture, your view is severely limited. And also, if you are a long time associate and have been buying stock through the associate stock program where you immediately make a 10% profit, you ought to be grinning pretty widely. I once saw some metrics at a meeting that highlighted the number of Walmart non-salary associates that have stock holdings / profit sharing greater than $1M USD. I was shocked. So in summary, the company is doing good. If you’ve taken advantage of stock and 401k programs and been there 28 years, you shouldn’t be concerned at all.
They are restructuring some positions again in nhm wonder when they will do supercenters.
As a stock holder you should be questioning Walmart decisions to restructure a few years ago that has lead to the worse managed departments I have ever seen in my lifetime, 28 years at Walmart. Alot of lost sales in regards of onhands accuracy, seasonal planning, freight just sitting in bins and pallets. I could go on.
@1raw+1fSbrrZE, good for you!! That’s the way to improve yourself and move up. I wish you well and hope you’re very successful.
I work at Walmart I can't wait to leave this useless job. I hate every minute of it they cut my hours. THANK GOD I have been in online program for web development I'll do better making landing pages untill I get a coding position.
The culmination of many things led to this - the nail in it's coffin was voting leftist into power who are utterly incompetent/evil inflation creators. Who needs businesses, jobs we have a printing press to buy votes with - who needs gas, we have windmills, who needs a working supply chain - ppl need to learn to live with less..
Good. As a stockholder I’m happy to see the business plan executed properly. We should be closing unprofitable stores in favor of enhancing stores that are making money. That’s what business is about. It’s a losing proposition to keep failing stores open, be it due to theft, understandable location / conditions / workforce, or any other reason. We can rechannel those resources elsewhere.