Shoppers are also happier when they visit the retailer's stores. And on Monday, the company's shares rose to a 52-week high above $74. That includes a 1 percent lift in the most recent quarter, a time when many of its competitors flailed. Since its stumbles in 2013, Wal-Mart has been steadily building momentum, including seven straight quarters of domestic same-store sales gains. Yet regardless of which side you take, the benefits of Wal-Mart's investments are already showing up on the top line. Still others questioned the content Wal-Mart is teaching its workers, arguing the material it chose to explain economics pushes its corporate views on capitalism. The first of the 150,000 employees enrolled in that program will complete it this month.
Those tactics included requiring new hires to complete an exhaustive training program that lasted a minimum of six months before they would be boosted to $10 an hour, they said. In the following months, they contended that Wal-Mart was finding new ways to keep its costs low. Organizations dedicated to workers' rights, some of which are specifically focused on Wal-Mart, argued the raises were still not enough, given the comparatively astronomical salaries of the company's executives. The idea was that a happier and more motivated workforce would help create cleaner, more customer-friendly stores for shoppers to visit.īut there were caveats to the company's promises - and in true Wal-Mart style, its critics did not keep quiet.
That included boosting their pay to a minimum of $9 an hour, with the promise of moving to $10 in 2016.
The company shocked Wall Street in 2015, when McMillon announced that his company would invest $2.7 billion over the course of two years to improve its training processes, and give a two-stage, broad-based pay increase to millions of workers.
President and CEO Greg Foran six months later - Wal-Mart is finding a new reason for shoppers to come into its stores. Under a new leadership team - CEO Doug McMillon joined the retailer in February 2014, followed by U.S.
0 kommentar(er)
