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Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
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  • Donn Soderquist
    , contributor
    Comments (49) | Send Message
     
    Steve:

     

    I don't think you shop at Walmart. Stock Outs are the reason for same store sales drops. They might as well hand out cards sending you to Meijer or Kroger to get what you used to buy at Walmart. Out of K-Cup Italian Roast, corn on the cob, Weight Watcher Ice Cream
    Bars, generic Good Value mouthwash, generic Wheat Chex. Talk to employees. Not enough people to keep shelves stocked. We are forced to shop elsewhere now, not by choice. Walmart is committing retail suicide.
    17 Aug 2013, 02:45 PM Reply Like
  • dancing diva
    , contributor
    Comments (2421) | Send Message
     
    Perhaps you are correct about Walmart, but how do you explain the misses from Macy's and Nordstrom? Macy's is a stellar operator and this was their first miss since 2007.

     

    There's no doubt in my mind the low and middle end of America is being pinched by the rise in payroll taxes, slow wage growth and impacts from general inflation and furloughs from the Federal govt (due to sequestration). And if gas prices continue to rise it will get worse.
    17 Aug 2013, 03:25 PM Reply Like
  • Donn Soderquist
    , contributor
    Comments (49) | Send Message
     
    We do not shop at Macy's or Nordstrom (None in Louisville). I agree
    with you otherwise. My only comment is about Walmart based on
    speaking with employees and manager plus lack of response from
    E-Mails to Bentonville headquarters. Walmart's problems are of their
    own making. They do not care about customers.
    Average American is being hurt by the items you mention. No increase in median income in years. Higher prices not reported
    in CPI numbers. Next comes Obamacare insurance premium
    increases.
    18 Aug 2013, 07:42 AM Reply Like
  • Steven Hansen
    , contributor
    Comments (2236) | Send Message
     
    Author’s reply » :)

     

    Not only do I shop at Walmart, one poorly stocked one is within 1000 meters of my front door. i have been seeing this stocking problem for over 3 years.

     

    I seldom believe what we see is caused by a single dynamic (such as poor income or stocking issues). In my Walmart, the employees are unobservant, unmotivated, and generally uninformed. But it does not seem to me to be an employee issue - as Walmart centrally controlled managements knows full well the stocking levels at every store.

     

    This stock issue is caused by Walmart senior management. I have read some articles on this - and they are aware and are trying to solve it. Evidently they have a systems failure.
    18 Aug 2013, 08:52 AM Reply Like
  • Donn Soderquist
    , contributor
    Comments (49) | Send Message
     
    When Walmart tried to eliminate brand names and to move customers to Great Value private label products, they reduced headcount with
    fewer items to stock. The move failed. The had to return to stocking
    brand names. But, they did not increase headcount back to what it
    had been before. Many time the "Stock Out" stuff in in the back room,
    with nobody to restock the shelves. If you ask for the item, they will
    sometimes find it. This is a Senior Management problem for sure.
    18 Aug 2013, 09:01 AM Reply Like
  • thotdoc
    , contributor
    Comments (1417) | Send Message
     
    We have made some big purchases...but only because we can get 1 year to pay interest free on everything from cars to flooring.

     

    How much of the increase or stability of consumer spending is due to 0 interest?

     

    What does this spell for the end of easy $$s? They can't stop, I believe.
    17 Aug 2013, 04:14 PM Reply Like
  • casca123
    , contributor
    Comments (227) | Send Message
     
    I live in Boise ID and see a fair amount of people moving here from California and Detroit and the like. There are no jobs being created here to amount to anything they moved here to escape high taxes and a deteriorating living environment. A lot of them are depending on retirement benefits mostly public retirement to support them here. The Detroit bankruptcy makes this really ominous. As more people migrate in more of the locals here are falling out of the middle class so the net of this leads to lower median income. Meanwhile the loss of their tax revenue where they moved from lowers income there. Vicious circle.
    18 Aug 2013, 10:12 AM Reply Like
  • bikerron1
    , contributor
    Comments (469) | Send Message
     
    Great Value private label products, are as good or better then most brand names. And the saving are big for most people. The biggest problem is that top management don't shop in there stores. If they did they would see all the comments are very true.

     

    The problem is that all CEOs are told what they want to hear from the lower management teams.

     

    I've been in stores where I would of fired the store manger on the spot.
    19 Aug 2013, 05:16 AM Reply Like
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