President and CEO of Walmart US talks on the company's future and inflation
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- Опубліковано 23 кві 2024
- ABC News’ Alexis Christoforous interviews the president and CEO of Walmart US on hiring people without college degrees, self-checkout process and keeping prices low.
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Put more than one person on the checkout lines, and treat your employees better.
Exactly
I agree ☝️
The Walton brothers are the 11th and 12th richest people in the world. Inflation isn’t hurting them or their businesses. They’re still a monopoly that’s crushing nearby local businesses, with more than half of their employees in poverty.
More than half I'm in Arkansas it's more like 85%😢
That's not their fault, it's up to their employees to acquire skills to generate more income or save up to start their own business.
Why do you keep supporting them? You know their game
@@user-qr7ee2cp4y because they’re the only megastore around the area I live that sells the products I need. This is a problem for many.
That’s their entire plan😂
And the saddest part is the government is in on it🎉😅
I wasted 4 years of my life in college and now ppl who work at Walmart or fast food without a degree can make the same amount of money as me😢
I’m a service technician for Walmart, and I don’t see food prices coming down at all, as a matter of fact I mostly do my shopping elsewhere to save! 🤦🏻♀️
I’m currently looking for a higher position with the company where I don’t have to leave my home state for Arkansas.
I really hope they give better opportunities to those of us who truly work hard, don’t backstab colleagues and mangers, and actually want to do better with their lives!
Isn't your home office in Bentonville? You could get a CDL and be a Relay / shuttle driver.
Eh or any DC management job would pay good
You should've just you go to Aldi, that's the only other store cheaper than wal mart. Even with inflation.
Never buy meat at Walmart they say it weighs 4 pounds it really weighs 2
I just mentioned that too!
I worked for Walmart once upon a time and the potential chance of growth is impossible. You gota be a super brown nose to climb that ladder. I was making pocket change working crappy days and even requesting days that I needed wouldnt get approved. As for food pricing its still super expensive.
My very last job before retiring was at Wal-Mart. After working there a year, I decided I couldn't take it anymore. Not because of the store. It had the usual mix of dedicated workers and slackers you'll find ANYWHERE. The same for the store's management. The problem was Wal-Mart's CORPORATE management.
Wal-Mart's leadership is OBSESSED with micro-managing and standardizing every detail of each store's operation. Abstractly, on a conference room white board, this may sound like good policy. But every store is different, not only in physical configuration but in the staff, and blind obedience (which they insisted upon) is the enemy of innovation and initiative.
They'd better get their act together, because it's a workers' market right now, and the turnover at my store was HORRIBLE. I can only imagine what it is in bigger markets, with more competition. They'll be going the way of K-Mart.
Walmart should be a shame of there self. Lower Food Prices and open Cashier. Limit Self Checkout total of 4 .
I'm in ark so perhaps it's different because they have all of them open all the time
I don't shop at Walmart Mart anymore. The reasons: One or two cashiers with fifteen or twenty people in line with a full cart. Prices are similar to other grocery stores. Customer service is horrible. The cashiers look exhausted and have no urgency to move the line along.
We'd like to learn more about your experience, Erika! Could you please send us a PM with more details? walmrt.us/3U6MpYE
A lot of jobs should be mindful like this
The Walton family, they are all multi billionaires. They have more money than they'll ever need. So price hikes are total greed.
$267 billion 🤣
Prices are going up . Because of shoplifting. I work for Walmart. People are literally stealing condoms,toothpaste,hemorrhoid cream and makeup products. That’s why they’re locking most of the items up. Shit Walmart loses billions due to shoplifting.
keep coping
@samchu5890 Yeah, I worked for walmart also. I know about the theft
@@dianeb7902 you never worked for walmart corporate though
You guys need to take back ALL items with a receipt. That's customer serve and common sense 101.
Just imagine if pay also grew with everything else! We would be able to afford groceries!
if pay grew... theyd have to charge more to make up for it, fire some people to cut costs, and you would end up having to work extra hard... exibit a is californias recent 20 minimum wage hike for fast food workers.
@@goat5hit lmao okay so keep the paying rate at 7.25 an hour. Great! Everything increases for 20 years except pay. Makes no sense.
@@jazzyj6640 girl the min is at 15 in most states lol. i wish everyone gets payed higher too but thats just not how things work.
@@jazzyj6640 LOL $7.25!!???? i dont know where you live but min wage is more than double that in most states. you need to move lol. like I said.. min wage has GROWN to $20 for fast food workers in california and its causing chaos. why? because it makes no sense as mentioned above.
@@goat5hit I’m fine! I don’t live in California or another expensive state but the reason why “higher pay” is an issue now is because everything else increased except pay.
Working at Walmart is not a difficult job and I rather enjoy it. It's the power hungery management that will target you if you don't partake in their gossip/bashing other associates behind their backs... I've been with Walmart for 3 years now and am currently looking for a different job. I love the work and my fellow peers but I'm tired of being punished for not speaking poorly of others.
thats retail period, mate... retail is where all the people who can't leave behind highschool end up. work in a mall for a while... you'll see all the same cliques and he said she said drama...
Is the Walmart CEO there to tell everyone that we no longer have to subsidize their employee's benefits because they're finally going to do it themselves?
They need to make Walmart brand foods healthier. Read the ingredients and it’s full of sugar and bio engineered ingredients and other stuff that’s bad for your health. I also have noticed on many occasions that they label the meat to weigh more than what it is. Actually noticed meat 2 pounds less or more then what was labeled and paying the higher cost then what I actually got. They were American Made when they first opened. I remember when I lived in Texas they had just opened a store and where asking people to buy stock into it for $100 - sure wish I had! But $100 back then was a lot especially with military pay.
Walmart where I live is hiring a lot of middle eastern Muslim women. I’m sure they are also getting low pay and not good benefits but if desperate people will take the job. I also noticed the food quality is down hill. I have bought several products to find out the lids not sealed, bread is hard or goes bad right away, fruits and vegetables go bad quickly, was looking at lunch meats and hot dogs and they all were past expiration and I mean all the packets. The eggs in the blue styrofoam always make me sick and my adult children noticed it with their families too. I’ve bought big bags grated cheese and it was wet inside and clumped! Not once but three different times. The potatoes go bad and a lot of them are bad when u cut into them. It’s not very clean either when you look at where the fruit and veggies are and the meat. Can only imagine how the loading dock where the food is stored looks.
I agreed unless your job needs proper training and medical .. yes is good to promote go to college but there are peoples out there that beyond talented and so good at their job but can’t go up
Higher position bc they don’t have a degree and have to give to a person who does and do a horrible job at running . I think is long overdue and is time to also give peoples what they good at and passion at an opportunity to rise too to be fair and you never know that person went to college too or not doesn’t matter your talents n passions wins above all . I am so supportive of him to do this and more should follow his lead 👍 the work atmosphere would be so much better when you hire passions n talents over anything else
Greedflation is the problem.
LOL! In the end only college graduates will be hired
I like self check out damn it. I can take my time and debate what I real y want and what inwant tp put back
I'll never use the self checkout. A person needs a job,not a computer board/ chip
Walmart will always be number one to me. Also, what is the Department of labor measuring economic growth by? I've been watching and reading CNBC Fox business, and other news shows and there has been multiple layoffs. Even in the video Game industry layoffs are happening.
Lies. Part time jobs are not full time jobs.
I really thank God, I work hard to engage myself in someway of earning more income and stop depending on anyone. My family are happy once again and can now afford anything for my family even with my Retirement.$67k weekly returns has been life changing, after so much struggles.
Hello how do you make such weekly??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Maria Angelina Alexander I really appreciate her efforts and transparency.
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
I heard a CNBC news host spoke highly big about this name and her strategies, how she has been helpful to many people. Been trying to reach her since.
Most people keep getting scared of taking risk,though I started with as low as $15,000
actually because it was my first time and it was successful, She's is a great personality in the state.
Wally World making the world go round
I don't know how true it is on unemployment and food prices. I see the prices are still going up almost every week. Still looking for a job. Fake news to me
Our country is in a debt crisis. DEMOCRAT Biden continues to make it worse with his unbridled spending and radical policies.
The gross national debt is currently $34.59 trillion. This equates to:
$103,771 per person
$263,140 per household
$478,192 per child
When President Biden took office total gross debt was $27.75 trillion, meaning he has increased the national debt by $6.83 trillion. This equates to:
$20,504 more debt per person.
$51,993 more debt per household.
$94,484 more debt per child. < > BUDGET COMMITTEE
walmart is awesome!!!
What aren't we seeing?
What don't we know?
WM would not do this
unless they are making
big bucks! Here we go again!
Walmart needs to look at Costco as an example. Also I feel college is worth it.
You can “feel” college is worth it but that doesn’t mean it is. If everyone in the country has a degree, then they’re worthless plain and simple.
costco is worse than sams!! the only actual deals you get at costco are on kirkland products. i can buy literally everything else, cheaper elsewhere.
@@pauleasley6488if you’re in California Costco is a deal no matter how you slice it
It's impossible that the Walton family is suffering from financial burdens that's such a rich family
Yeah the Los Angles Rams and the Denver Broncos are in the Walton family. Doesn’t sound like they are hurting.
Kroger for life 💯🤘
I’m in NYC I’d love a Kroger but we don’t have one. What we do have is WEGEMANS😍😍
@@niklay33 I love Wegmans
It's because reasism.
Before Walmart, I thought that Home Depot was the worst I ever worked for, WALMART eclipsed that EASILY! I can vouch that they hardly have any cashiers open, and more self checkout lanes to save a buck. F the Waltons, F Walmart and F Sam's Club. I am so glad I'm gone. I only go there as a LAST resort. The less I give these parasites, the better.
What Walmart he talking about cause the one by my house is robbing people blind 😮
There's alot of inflation because of your new shit manager setup.
I currently work at Walmart. Since most of the team leads and coaches have no retail experience. They really don’t know what they’re doing. That’s why consumers are seeing plenty of empty shelves. Walmart have to hire more associates to for the mid and closing shifts. I work the mid shift 10:00am to 7:00pm. I’m the only one working that shift. I have to stock the shelves. Do reshop. Wait on consumers. Zone the store. Try to transfering to another closer to my home. It been 3 months. I haven’t heard from any other stores. Hell they hiring kids. Half of them don’t even show up for work. I been with them for 3yr.
CEO - "Our prices aren't going up"
Me - "My recite says otherwise"...
The president of Walmart isn’t the brightest bulb in the room , so many of my friends work at Walmart and this is what they tell me .. there’s a coach team than there’s a management team than there’s employees that get manage by the coach plus managers. Why do you need so many higher ups to run one store each higher up makes almost 100k doing nothing for Walmart they don’t work they only walk around to check employees working . They don’t do inventory either they don’t check stocks so what’s the point of having them .. just get 2 general managers one day shift one night and hire employees that actually work . Even with all those higher ups the employees steal all the time and give each other discounts all the time so what’s the point of having them . That’s just one downfall about Walmart the other downfall is the security team why have a full staff that doesn’t do anything .. that’s why I said the president of Walmart doesn’t know what he’s doing .. he’s going to collapse like Albertsons if he doesn’t fix it soon .
The news people drank the cool aid. 🤢🤮
I too once worked at WALMART and it was not a good experience. There y tend to cater to certain people in other words, if you are not apart of their CLICK you can forget it. I was a GREETER and when the HOLIDAY SEASON hit it was awful, but the most irritating part was that BLACKS were treated differently than their WHITE counterparts but it’s okay they will pay in the end.
I seen people come and go in 25 years of walmart in for the past 7 years almost everyone is about 94% new to me in a way i been here longer then all of then together im a legend they are rookies and almost haft of them i can't understand in language they speek i definitely miss the real people i used to work with before this bs makes perfect sense that managers get more money then associate who actually work their a*s off while the managers do nothing another reason walmart future is slim and closing their doors all across the state hopefully this will be my last year with this pos company and the non experienced management 👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼👎🏼
A great company that hires older people and values their worth. I absolutely love Walmart. I love people who are rich who shop here. That is freaking smart.
I’m VERY HAPPY where I live in Calabasas/ Westlake Village, California area the two cities have BANNED Wal-Mart from coming into these beautiful communities!!
HAHAHAAHAHAHAHAAHAHAHAHAAHAHAHAAHAHAHA - - - Democrats should look in the mirror to find the real culprit for falling revenues: Bidenomics and their special interest tax giveaways to the wealthy and well-connected.
“Bidenomics” Driving Down Revenue
Families and businesses have seen prices increase by over 17 percent since President Biden took office - cutting real wages and sparking higher interest rates.
Americans have experienced a nearly 4 percent reduction in real wages and benefits during the Biden Administration. Because of higher interest rates to combat Biden’s inflation crisis, the Federal Reserve is no longer turning a profit - its payments to the Treasury have dropped from $107 billion in FY 2022 to under $1 billion in FY 2023. An underperforming economy lowered asset values, substantially decreasing capital gains tax revenues.
Biden’s economic policies have kept the labor force participation rate below pre-COVID levels, leading to lower tax revenues from fewer workers earning fewer paychecks.
Democrats’ Special Interest Giveaways
Democrats’ so-called “Inflation Reduction Act” included over $650 billion in special interest handouts that will flow primarily to the wealthy and well-connected, including billion-dollar corporations and big banks.
These special interest handouts are a massive transfer of wealth from working families to the wealthy elite and are already putting a dent in tax revenues.
Temporary Tax Collection Challenges
Following wildfires and other natural disasters, the IRS postponed the filing deadline for taxpayers in California - leaving an estimated $70 billion temporary gap in federal tax revenues for FY 2023.
Ballooning Employee Retention Tax Credit (ERTC):
As of September, the IRS has made $220 billion in ERTC payments, with another $120 billion in the pipeline, according to the Wall Street Journal - a total that is six times higher than the original CBO estimate of $55 billion.
Fraud in the ERTC program has become so prevalent that it earned a place on the IRS’s annual “Dirty Dozen” list of worst tax scams.
Biden’s Global Tax Surrender Will Drain Even More Revenues
The Joint Committee on Taxation (JCT) estimates that Biden’s global minimum tax deal negotiated at the Organization for Economic Co-operation and Development (OECD) will result in over $120 billion in lost U.S. tax revenues.
While draining U.S. tax revenues, the OECD plan will also harm American competitiveness and hand a strategic economic advantage to the Chinese Communist Party. < > WAYS & MEANS COMMITTEE
lol I didn’t know Walmart has positions that requires college degree.
Corporate positions.
@@daviejz6698 lol I didn’t even know Walmart has “cooperate” positions that requires college degree.
Half of the check out lines have no cashiers on demand plus those few cashiers in those few lines have long lines full of customers.
This fool is saying prices are about the same or even deflation what is he on hes full of crap
agree, adding data - - - The rate of debt accumulation during the Biden DEMOCRAT Administration has equaled:
$5.75 billion in new debt per day.
$239 million in new debt per hour.
$3.99 million in new debt per minute.
$66,521 in new debt per second.
The debt one year ago was $31.46 trillion, meaning that the debt has increased by $3.13 trillion over the past 12 months. This rate of increase equates to:
8.57 billion in new debt per day.
$357 million in new debt per hour.
$5.95 million in new debt per minute.
$99,217 in new debt per second. < > BUDGET COMMITTEE
Saw this piece on PBS back in the 90's; On every item Walmart makes between 90 - 95 % profit. That $1 item Walmart just made $.95 profit shipped from China to the store shelf.
I wonder how 🤔 much @#$%! He had to @#$%! To get his job.
lol r u insane? Things have gotten smaller and more expensive.
I haven't shopped at Walmart since the Pandemic started. I found my groceries mostly cheaper at Kroger.
400,000 is absurd
People please don’t go to college guys or weigh all your options. You could be wasting your time. I am a vet with a bachelor & master degree with a focus in my 13 year career in procurement. With everything I still can’t get a job with a competitive salary. Had to beg my company for a raise only get 2 percent. At this point I’m starting to question everything. Even debated going back to navy and forgo my disability rating at this point.
He is one of the biggest problems
These reporters seem almost disgusted at the idea of non-college grads earning up to six figures. I can detect the disdain in their faces.
Makes me disgusted that they can sit in their rumps and talk and get paid big for it
Businesses supply merchandise and products to customers, businesses set and raised the price without increasing pay rate.
Haaaaa lie lie lie
Praise Jesus for you Walton Brothers!
Please keep prices affordable-
If it weren’t for your stores I would not be able to afford groceries for my family.
This is amazing. When you look to a population that didn’t subscribe to a standard system, you will find true innovators and incredibly valuable people. As someone who is successful without a college degree, I can tell you that “going with the flow” and taking on tens of thousands of dollars of student debt doesn’t always signal intelligence. It can often times showcase a lack of independent direction in life. I wouldn’t hire someone with a liberal arts degree.
Don’t worry. the anti inflation act will fix it all 🤡
Hats off to Walmart
BIDEN CLAIM: “President Biden and Congressional Democrats’ plan to grow the economy from the bottom up and middle out, not the top down, is delivering for the American people. President Biden and Congressional Democrats have worked together to grow the economy and create a record number of jobs.” The President says that his Administration has: “Created more than 13 million jobs; brought the unemployment rate below 4 percent four years before experts projected and kept it there for the longest period in more than 50 years; and achieved record low unemployment rates for African Americans, Hispanics, people with disabilities - and the lowest unemployment rate in 70 years for women.”
FACT CHECK: Recovery Versus Creation
Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million, not 13 million.
On the other hand, in his first 2.5 years, job creation under President Trump was 5 million-1.3 million more jobs than the current President in the same time frame after factoring in the recovery from pandemic. < > BUDGET COMMITTEE
How many persons have an EIN or LLC and active bank to receive funds
Well, you’d better take lessons from Chik Fila about customer service because when I see Walmart employees it’s like pulling teeth to get their help, or even have them say hi.
How many jobs? Sounds like a lottery!
😂😂😂😂😂😂😂😂 did she say 40k ? Im weak
low prices?!? yeah right!!! i had to go there for my monthly groceries last month, due to easter. cost me 200 bucks more for the month, than it does at my local HEB... the "inflation" is fake... corps raised prices during the shortages, and now they wont drop the prices back down now that supply lines are up and moving again... beef and pork are wholesale cheap again, but they are still charging covid prices... even sams is higher on most things than my grocer is...
I was there for the last time because I couldn't believe the prices. Even hostess snowballs that my Mom likes were $3 for one two pack. The prices of groceries was higher than Smiths.
Who needs free list of grants to get their business off the ground must have an EIN or LLC and active bank to receive funds
Stock Market at a Record High...... Unemployment at a 50 year low... Im Ridin.. With Biden....My 401k is Now my 501k....
i don't shop at Walmart not even once in a blue moon
Wow started off stocking shelves amazing started from the ground up inside out makes him so much more relatable Props to this CEO an open minded business man makes more than the one track stubborn