Home Town America
Fights Back

WALMART worker tells U.S. Senate: “This month, WMT did it again, approving a $20 B share repurchase program, while keeping the starting wage at $11/hr.” Shareholders first, workers last. https://t.co/PEsEZMOcu0

IF EACH of the 7 heirs of Sam Walton committed to investing up front $10 B ($1 B/year x 10 years) into a wage fund for WMT workers, 2.2 M workers could get a $2hr wage hike for a decade, & the Waltons would still retain $177 B net worth today, + any growth in stock value. https://t.co/0DyIlo5EiG

“40 Million s.f. of additional warehouse space will be needed in the next 5 years” in Canada. “Retailers are rushing to build logistics hubs to fulfill orders...Every retailer knows they have to have a digital presence to survive.” We need to cap the size of this sprawl now! https://t.co/d4BTb4p1TI

“NORMAN EXPLAINED that the big boxes could shift to opening warehouses...designed to ship out online orders, so ‘any zoning code should be changed to include the definition of warehouses.’” Lots of trucks, no shoppers, $15/hr jobs.(paywall) https://t.co/3etw7HKIyA

WMT has a “mediocre track record” in its international division..For years it downplayed e-commerce, allowing AMZN to take a commanding position... the biggest driving force for WMT to focus more & more...is its critical battle with Amazon.” https://t.co/Gc36hsH2RW

HOME DEPOT had “record breaking sales & earnings” in FY 20: $132 B in sales, 20% over FY 19. HD praised the “unwavering commitment” of its 500,000 workers. Net profits of $13 B—but workers struggle to pay bills. https://t.co/KtAfahfxCv

TODAY the SBA opens an exclusive 14-day application period for PPP loans for biz/nonprofits with < 20 workers. Sole proprietors, indie contractors, & self-employed can apply. $15 B set-aside for small, low & moderate income biz. Must apply by 3/31/21. https://t.co/73uM2cmZY7

IN 2020, WMT had $520 B in sales, & made $15.2B in profit. On $386 B in sales, AMZN made $21 B in profit. WMT sells 1/3rd more, but AMZN makes nearly 2x the % of profits. This is why WMT wants to diversify beyond low-margin groceries. https://t.co/ifYAth70LF

SUSPECTED shoplifter shot inside a San Antonio Walmart. “I’m not going to come back here again. You never know when your last day is, just stay home, it’s better. If you need it that bad, get it delivered.” https://t.co/i7eFNhyyWL