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Wal-Mart is literally trying to raise the dead to make way for their controversial store in West Nas?

  • Al Norman
  • March 16, 2018
  • No Comments

DID WALMART INFLATE ITS ONLINE SALES NUMBERS?

Walmart stock soared in recent months largely on the strength of its online sales numbers—but one former Walmart worker charges that the retailer is cooking its books.

The company???s former director of business development,Tri Huynh, filed papers in a wrongful termination suit which purport to show that Walmart has used inflated online sales numbers to appear more competitive with Amazon.

Huynh said Walmart overcharged vendors that sell on its third-party marketplace for months, which gave the appearance that the company was selling more than it actually was. Hunyh said Walmart also underreported merchandise returns and refunds by $7 million, and used its acquisition of Jet.com to list the same item on both Jet and Walmart???s sites, reporting the items??? sales with different store-keeping units.

Walmart dismisses the lawsuit as just one ???disgruntled former associate,??? and says their own internal investigation revealed no improper actions.

Given the adrenaline rush that boosted Walmart stock—until disappointing Q4 numbers came out for ecommerce—some stockholders may want more than internal review???and Walmart may need to settle Huynh???s lawsuit pretty damn quick:

https://sourcingjournalonline.com/walmart-lawsuit-inflated-alleged-ecommerce-sales/

DID WALMART INFLATE ITS ONLINE SALES NUMBERS?

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Al Norman

Al Norman

Al Norman first achieved national attention in October of 1993 when he successfully stopped Wal-Mart from locating in his hometown of Greenfield, Massachusetts. Almost 3 decades later they is still not Wal-Mart in Greenfield. Norman has appeared on 60 Minutes, was featured in three films, wrote 3 books about Wal-Mart, and gained widespread media attention from the Wall Street Journal to Fortune magazine. Al has traveled throughout the U.S., Barbados, Puerto Rico, Ireland, and Japan, helping dozens of local coalitions fight off unwanted sprawl development. 60 Minutes called Al “the guru of the anti-Wal-Mart movement.”

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The strategies written here were produced by Sprawl-Busters in 2006 at the request of the United Food and Commercial Workers (UFCW), mainly for citizen groups that were fighting Walmart. But the tips for fighting unwanted development apply to any project—whether its fighting Dollar General, an Amazon warehouse, or a Home Depot.

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