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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:15 AM
Original message
Guess whose job is on the line...


That's right. Wal-Mart's mascot Roll Back is facing the possibility of 99 weeks of unemployment unless Wal-Mart can return to the days of low prices.

Wal-Mart prices on the rise: JP Morgan study

(Reuters) - Wal-Mart Stores Inc has raised average prices at its stores by about 6 percent in a month, according to a recent study in Virginia.

A check by J.P. Morgan Securities said average prices at the Wal-Mart Supercenter in Virginia were upped by 5.8 percent, the most significant sequential increase since it started the study in January 2009.

The world's largest retailer is still the cheapest bet among supermarkets, but traditional rivals like Kroger Co and Safeway Inc are gaining ground -- in July Wal-Mart had a 10.4 percent lead relative to a 16 percent lead in June, JP Morgan said.

Rising costs of raw materials and oil are pressuring companies across the board. Companies are passing on some of the input costs to consumers by rising prices as they try and guard margins.

...snip...

http://www.reuters.com/article/idUSTRE6791MH20100810?ty...
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:56 AM
Response to Original message
1. Hey, I bet they can hire a frowny-face named 'Roll Up.'
And only pay minimum wage.

;-)
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FSogol Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 12:25 PM
Response to Reply #1
2. Or the Chinese equivalent.
:shrug:
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Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 01:03 PM
Response to Original message
3. Yes. This roll back crap is stupid. What
they do is lower the price on some items so you think you are getting a bargain and then raise it on others, thinking you don't notice. For example in just four days a half gallon of half and half at 2.98 which I switched to for my coffee instead of Coffeemate, 3.98 went up .26 cents to 3.24 cents while the pasta went from 1.00 a box to 95 cents. So how did you save. .5 cents to .26.
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