Seeking Alpha

Black Friday by the numbers: Wal-Mart (WMT) says over 22M customers have been served since the...

Black Friday by the numbers: Wal-Mart (WMT) says over 22M customers have been served since the retailer opened its stores last night in a somewhat controversial decision to cut short the Thanksgiving holiday for employees. The company notes it's already knocked out 10M register transactions and hit an astounding pace of 5K items per seconds at peak time. The bigger question: Did Wal-Mart pull sales forward or take market share from rivals with its decision to launch Black Friday shopping earlier?
Comments (27)
  • For all the talk about the protests on MSNBC, the effect seems to be less than zero.
    23 Nov 2012, 09:57 AM Reply Like
  • The union protestors were lucky not to be trampled, as people surged into the stores to take advantage of the lower prices made possible by a lack of unions.
    23 Nov 2012, 12:45 PM Reply Like
  • The effete snobs watching their ilk on MSNBC were probably sipping a $10 beverage at Starbucks.
    23 Nov 2012, 07:41 PM Reply Like
  • They didn't cut the Associates Thanksgiving short, they demolished it. I would say 95% of the Walmart Employees were tasked to work on Thanksgiving Day.
    23 Nov 2012, 10:05 AM Reply Like
  • 95%??

     

    That would mean that the stores were staffed at 4x their normal level.
    23 Nov 2012, 10:16 AM Reply Like
  • They may gotten overtime pay. Target was paying overtime.
    23 Nov 2012, 10:31 AM Reply Like
  • In Phoenix at least, they were paying double time for Thursday and 1.5x for early Friday up to 5 AM.
    23 Nov 2012, 11:56 AM Reply Like
  • those were voluntary hours and they were pay doubled, according to what I've been hearing
    23 Nov 2012, 11:59 AM Reply Like
  • Evil Wal Mart paying people only double. It should at least be 6x. And of course 5 breaks and a sick hour or two, plus a half dozen smoke breaks and 2 bathroom breaks. And of course a lunch and even breakfast. Shoot why not a snack break and naptime?
    23 Nov 2012, 03:30 PM Reply Like
  • Well, if you want to take a page from the auto-workers, they probably need a drink/marijuana break too!
    23 Nov 2012, 04:56 PM Reply Like
  • Where else are public school-educated dropouts, ex-cons and assorted goofballs going to work?

     

    How does one unionize this rabble?

     

    Unions were to protect skilled tradesmen back in the day. Take a look at WalMart's on floor personnel. It looks like the bar scene in Star Wars.
    23 Nov 2012, 07:44 PM Reply Like
  • "Take a look at WalMart's on floor personnel. It looks like the bar scene in Star Wars".

     

    Made my day, they do look pretty rough, all niceness and humanity aside they are not exactly the top 1%, ya know folk!
    23 Nov 2012, 10:32 PM Reply Like
  • A weed break is a right, we deserve it, it like something every worker should have. I mean, come on, get with the program!

     

    Lets not forget the hangover forgiveness days. How can I come into work if I was super drunk last night? Impossible! Especially for anything less than 1,000 a week.
    23 Nov 2012, 10:35 PM Reply Like
  • business works when the pols are away and not posing for the cameras.
    23 Nov 2012, 10:35 AM Reply Like
  • Walmart does not pay doctor rates but pay far better than smaller stores. And promotions are available. Walmart treats every one better than most retailers, not perfect but darn good.
    23 Nov 2012, 11:05 AM Reply Like
  • I am not a hugh WM fan; however this union nonsense has driven me to shop there for some items just as a show of support for companies who hire people and pay taxes.
    23 Nov 2012, 12:50 PM Reply Like
  • Yup, and don't make stupid rules like certain WMT truck drivers only being to drive certain types of goods to WMT lol.
    23 Nov 2012, 01:08 PM Reply Like
  • Wal Mart deserves all of our business. We should make a anti-union day and shop at Wal Mart and not at Kroger and other unionized retailers. We have got to get rid of these unions, they have overstayed their welcome and feel cornered. These union bosses have nothing to lose so they are pulling out all of the guns for a huge risk/reward situation. They do not care that they will ruin a possible career for many workers. Unions are not about careers, they are about organizing hate and lining their pockets with dues.
    23 Nov 2012, 01:53 PM Reply Like
  • I did my small part. I never shop on Black Friday (don't see the point of fighting crowds for prices that will most likely exist later anyway). But yesterday I made a point to go to my local Walmart and get the essentials I needed for the next week or two. Even found a Christmas gift or two. Main point, I wanted to show my support. There was no protest at my Walmart and all of the employees I encountered were pleasant and the overall scene was actually kind of festive. While hundreds protested in the cold at a half dozen of the thousands of Walmarts serving the US, 1.299 of the 1.3 million Walmart employees will probably benefit from extra hours and the overall financial success of their employer.
    24 Nov 2012, 05:09 PM Reply Like
  • "We should make a anti-union day"

     

    +1
    23 Nov 2012, 02:09 PM Reply Like
  • Unions had the best intentions in the beginning. Now we ask companies to protect us from Unions.
    23 Nov 2012, 03:27 PM Reply Like
  • Why don't people who don't want to work retail go work someplace else? Last time I looked we were still free to choose.
    23 Nov 2012, 07:00 PM Reply Like
  • Seems most of the protesters were....already members of the food handlers union....hardly any true wal mart workers.....seems the union is in hurry to get the "Dues" machine humming ...since their pension is underfunded
    23 Nov 2012, 07:31 PM Reply Like
  • Saw on TV a local interview, and of about a dozen protesters, none were Walmart employees - all outsiders.
    24 Nov 2012, 11:30 AM Reply Like
  • Walmart helps the poor with low prices. Unions will hurt the poor consumers.
    23 Nov 2012, 11:20 PM Reply Like
  • Unions were making their workers work on Thanksgiving Day and Black Friday walking around outside of Walmart stores. Wow, I guess their benefit package didn't work out so good.
    I had a yummy T-Day dinner with my family and still worked a 9 hour shift at Walmart. You know what was the worst? When I got to work, they tried to make me eat more turkey, green beans, cranberry pudding, pumpkin pie, etc, etc. Then later in the night they brought in 40 or 50 pizza's. What are they trying to do at Walmart-kill us ?
    24 Nov 2012, 03:07 PM Reply Like
  • Obviously your a racist, hate woman and support child labor of little innocent 5 year old's in Thailand. You evil evil man, how dare you work for a living and comment positively on Satan (Wal Mart).

     

    (sarcasm)
    24 Nov 2012, 03:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)