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Leaked Walmart memo reveals competitive threats

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61–70 of 374 posts

Re: Leaked Walmart memo reveals competitive threats

#61
post #2

I think Wal*Mart has an image problem. I’ve gone into their stores. Their stock assortment isn’t bad compared to the competition. In fact, aside from Whole Foods on the organic/bio side of things, they measure up very well and better compared to their competition. They are more of a hypermart where you can do one stop shopping ala Carrefour. The issues I see are: very drab color palette. Working class shoppers. Sure,…

>Working class shoppers. Sure, it’s elitist, but people like shopping alongside people in their own stratum. Elitist or not, wouldn't this advice simply move them from one stratum to another?

That’s why OP proposed segmenting into several store brands (that would cater to different stratums).

Re: Leaked Walmart memo reveals competitive threats

#62
post #59

Earlier quoted context omitted.

I don't know why this is downvoted and I don't know why I didn't think of this comparison. I've lived in five different states and been to Walmarts and flipped cars and the variance is EXACTLY like variance in DMVs in both QoS, clientele/employee demographics.

Right, the DMV has a monopoly on a service most adults require. There are competitors for simple services like registration renewal @ AAA, but that's less available in smaller communities. So when you go to a DMV somewhere there's only one DMV serving the region, it's a pretty good cross-section of local society. Another interesting window in this vein is the local courthouse. The smaller towns don't separate out tra…

Profit per dollar for grocery stores is about half of one cent for every dollar of revenue. Shrinkage eats into that profit very quickly.

This is why Walgreens is closing stores in SF. They cannot survive with the rampant unprosecuted shoplifting in SF.

Re: Leaked Walmart memo reveals competitive threats

#63
post #11

Earlier quoted context omitted.

Basically you want a Walmart for white people? It’s elitist thinking like this further grows the space between the “working class” and rich.

Ha! You obviously don’t shop at Wal*Mart. It’s the working class for whomever is in the vicinity. In many places this is poor white people, in other places it’s a mix.

I haven’t shopped at Walmart since I moved to Portland because there’s like 2 and they’re on the otherside of town. I frequently shopped at Walmart prior to that. And you’re wrong. I’ve never gone into any Walmart and only seen poor white people. It’s mostly poor everyone. Walmart’s are almost never put in rich areas because rich people don’t want poor people shopping in their areas.

Re: Leaked Walmart memo reveals competitive threats

#64

Earlier quoted context omitted.

Basically you want a Walmart for white people? It’s elitist thinking like this further grows the space between the “working class” and rich.

You jumped from wealth to race. Who is the racist here?

Most rich people are white. Most elitist people are white. The people that want to shop at stores that have like people are white. I wasn’t being racist, but elitist and racism go hand in hand.

Re: Leaked Walmart memo reveals competitive threats

#65
post #37

Earlier quoted context omitted.

The Walmarts around me pay ~$15/hr which isn't much less than Costco.

One thing I've noted in general is Costco employees are much younger on average than Walmart employees. I almost never find an old employee at Costco, while at Walmart most of them are old or middle aged.

Walmart often has stores in poorer areas than Costco, which is likely why you see the age discrepancy.

Re: Leaked Walmart memo reveals competitive threats

#66
post #37

Earlier quoted context omitted.

One thing I've noted in general is Costco employees are much younger on average than Walmart employees. I almost never find an old employee at Costco, while at Walmart most of them are old or middle aged.

Walmart often has stores in poorer areas than Costco, which is likely why you see the age discrepancy.

Not really, my experience is based on both in the Bay Area, and includes WalMart neighborhood stores.

I think it has to do with lot of older people shopping at Walmart so they feel comfortable around others. Don't know.

Re: Leaked Walmart memo reveals competitive threats

#67
post #2

I think Wal*Mart has an image problem. I’ve gone into their stores. Their stock assortment isn’t bad compared to the competition. In fact, aside from Whole Foods on the organic/bio side of things, they measure up very well and better compared to their competition. They are more of a hypermart where you can do one stop shopping ala Carrefour. The issues I see are: very drab color palette. Working class shoppers. Sure,…

> Working class shoppers

That doesn't bother me. I'm not so elitist that I need to always be with people who are me same class as me.

What's more important is that the people catering to me make a living wage. Or, to put it differently, are comfortable with what they are paid without relying on government assistance?

The only kind of stores that I avoid because of the customers are liquor stores where half the drivers in the parking lot are drunk.

Re: Leaked Walmart memo reveals competitive threats

#68
post #67
post #2

I think Wal*Mart has an image problem. I’ve gone into their stores. Their stock assortment isn’t bad compared to the competition. In fact, aside from Whole Foods on the organic/bio side of things, they measure up very well and better compared to their competition. They are more of a hypermart where you can do one stop shopping ala Carrefour. The issues I see are: very drab color palette. Working class shoppers. Sure,…

> Working class shoppers That doesn't bother me. I'm not so elitist that I need to always be with people who are me same class as me. What's more important is that the people catering to me make a living wage. Or, to put it differently, are comfortable with what they are paid without relying on government assistance? The only kind of stores that I avoid because of the customers are liquor stores where half the driver…

Wal*Mart, contrary to popular belief is paying $15 in many locations (as good as other chains).

Re: Leaked Walmart memo reveals competitive threats

#69
post #2

I think Wal*Mart has an image problem. I’ve gone into their stores. Their stock assortment isn’t bad compared to the competition. In fact, aside from Whole Foods on the organic/bio side of things, they measure up very well and better compared to their competition. They are more of a hypermart where you can do one stop shopping ala Carrefour. The issues I see are: very drab color palette. Working class shoppers. Sure,…

Their interior could use a better design. However, the vast majority of people are working class. Their problems aren't shoppers' opinions of other shoppers. An upscale version might attract other customers of a higher socioeconomic status, but there's lots of competition in that market as well, and it's not a core competency of Walmart, making it a longshot bet.

Based on what the article says from the memo, a lot if their issues stem from changing shopping behaviors and a desire for more convenience-- such as curbside pickup-- that Walmart has had difficulty scaling up fast enough to meet demand.

Re: Leaked Walmart memo reveals competitive threats

#70
post #2

I think Wal*Mart has an image problem. I’ve gone into their stores. Their stock assortment isn’t bad compared to the competition. In fact, aside from Whole Foods on the organic/bio side of things, they measure up very well and better compared to their competition. They are more of a hypermart where you can do one stop shopping ala Carrefour. The issues I see are: very drab color palette. Working class shoppers. Sure,…

Observations about the nearest Wal-Mart: 1) All the employees look sad, all he time. 2) They've obviously carefully tuned their check out staffing so that the lines are always long. This is such a constant that it has to be intentional, and they're doing a good job of it. 3) Sometimes they attempt to check receipts at exit. I don't get that at any other non-membership store. 4) All the shoppers look sad. 5) It's the…

Regarding nearly all of these points, if you're on tight fixed-income budget, these don't matter, you don't have much choice. Similarly, you don't have much choice when Walmart is the only option around without a fair bit more travel, unless you pay very large markups at local convenience stores.

#7 is a separate issue though. That is a predatory practice and I'm glad I live in a state where it isn't allowed.

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