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Message
re: For those of y'all who hate Walmart, read these facts and savor them
Posted on 6/14/17 at 8:57 am to The Mick
Posted on 6/14/17 at 8:57 am to The Mick
quote:
of the in-store products are not consignment.
See this makes more sense. In my industrial dealings with consignment, theft isn't a major concern.
Thanks for clearing this up.
1
Posted on 6/14/17 at 9:03 am to rocket31
quote:
ill play along, what is not more expensive now...
Electronics such as computers, radios, light bulbs, and everything plastic
Posted on 6/14/17 at 9:03 am to mikelbr
quote:They also squeeze you on the price if your products aren't selling quickly enough. Pretty much any kind of loss you can imagine is passed back thru to the supplier.
I did NOT realize that about shrinkage(theft). I would have assumed that the stolen items were 'consumed' by Walmart. Interesting as hell.
Posted on 6/14/17 at 9:09 am to The Mick
quote:simply not true
There are very few suppliers set up on consignment, very few.
quote:as did I for over 2 decades
literally deal with Walmart on a daily basis
quote:as do I
I know EXACTLY how they operate
quote:the start experience with walmart consignment pre dates walmart.com as we know it today. Yes .com does have a lot of consignment but so does the brick mortar model.
As I said, some are set up the way you described especially those that sell on walmart.com but the vast majority of the in-store products are not consignment.
quote:I never said the vast majority were on it but I did say a large number of the smaller mfg are. Another example locally is the folks who just got their salad dressing into walmart, on consignment. IT's a common practice and often is what stops some smaller mfg from getting on the store shelves because they are not in a position to wait that long for their money, i.e product to sell and get paid.
but the vast majority of the in-store products are not consignment.
quote:I am 100% in the context I stated..I never said all..of course coke, p n g etc get paid quickly but walmart milks those they can.
you are also somewhat correct about the slow payments but lots of variables go into that. Lots of vendors are paid within days of invoice especially if there's a net discount for early pay.
It's sad you think you know it all and can not accept that others have factual personal experiences with walmart corporate.
Posted on 6/14/17 at 9:10 am to mikelbr
quote:maybe to you but it is still not fact.
See this makes more sense
quote:he didn't... but it's comical how you and so many others here swing from side to side with each post made by different people.
Thanks for clearing this up
Posted on 6/14/17 at 9:13 am to HailHailtoMichigan!
quote:
Think about Walmart’s 3.12% profit margin this way
You do realize that a 3% profit margin isn't really out of the ordinary for a grocery store, right? Most of them run on razor thin margins and depend on high volume to turn a profit.
Posted on 6/14/17 at 9:14 am to The Mick
quote:they squeeze you in the price period.
They also squeeze you on the price if your products aren't selling quickly enough
I have been across the table from walmart buyers on many occassion. We never took price increases to bentonville until one year that we had no choice. We made cuts on our end and increased steel and petroleum costs forced our hand with a small increase. It was comical as we slid our new price across the table. They buyer did not even look at it, instead he slid HIS offer over to us. It was lower than what they had been paying the previous year. It was made very clear, this is what we will pay, take it or leave it... we took it
Posted on 6/14/17 at 9:16 am to Tiger Prawn
quote:true but less than 50% of walmarts total sales come from what they classify as grocery items.
You do realize that a 3% profit margin isn't really out of the ordinary for a grocery store, right?
Posted on 6/14/17 at 9:16 am to BingWaterTiger
quote:Don't be silly man, I agreed you were correct on certain items.
It's sad you think you know it all and can not accept that others have factual personal experiences with walmart corporate.
quote:Actually you did, and that's what I originally disagreed with.
I never said the vast majority were on it but I did say a large number of the smaller mfg are.
Your post --> One thing they don't mention is a LARGE portion of the inventory in walmart stores is there on consignment (for lack of a better word). Walmart does not pay the mfg/distributor for it until in scans thru a register
Posted on 6/14/17 at 9:17 am to BingWaterTiger
quote:Absolutely agree. 100%
they squeeze you in the price period.
I have been across the table from walmart buyers on many occassion. We never took price increases to bentonville until one year that we had no choice. We made cuts on our end and increased steel and petroleum costs forced our hand with a small increase. It was comical as we slid our new price across the table. They buyer did not even look at it, instead he slid HIS offer over to us. It was lower than what they had been paying the previous year. It was made very clear, this is what we will pay, take it or leave it... we took it
Posted on 6/14/17 at 9:19 am to BingWaterTiger
quote:
I have been across the table from walmart buyers on many occassion. We never took price increases to bentonville until one year that we had no choice. We made cuts on our end and increased steel and petroleum costs forced our hand with a small increase. It was comical as we slid our new price across the table. They buyer did not even look at it, instead he slid HIS offer over to us. It was lower than what they had been paying the previous year. It was made very clear, this is what we will pay, take it or leave it... we took it
I've been thinking that may have happened with Zapp's recently, except Zapp's walked. They haven't been in my Walmart in weeks, but Albertsons across the street has had them the whole time.
Posted on 6/14/17 at 9:22 am to HailHailtoMichigan!
quote:
In contrast, Apple’s whopping 24.2% profit margin means that the company can typically cover its costs to operate for 31 days in a little more than three weeks (23.5 days) and it then usually has 7.5 “profit days” every 31 days. That is, for more than an entire week every month, all of the sales revenue collected by Apple during those 7.5 days turns into profits for Apple’s shareholders.
Is that 24% margin strictly on hardware sales? Because Apples makes a crap ton of revenue from selling music, movies, and apps on iTunes and the App Store and its mostly pure profit. 30% cut from all app sales and all Apple does is provide a marketplace for users to download and pay for the app while the developers cover all the cost to create and maintain the app.
This post was edited on 6/14/17 at 9:23 am
Posted on 6/14/17 at 9:23 am to Spock's Eyebrow
quote:zapps is owned by utz on the east coast..blame them if they disappeared
I've been thinking that may have happened with Zapp's recently, except Zapp's walked.
This post was edited on 6/14/17 at 9:25 am
Posted on 6/14/17 at 9:24 am to The Mick
quote:LARGE PORTION is not VAST MAJORITY..it is a larger portion.. for example IF that number was 40% it would be as I stated a large number but not a vast majoirty
Your post --> One thing they don't mention is a LARGE portion of the inventory in walmart stores is there on consignment (for lack of a better word). Walmart does not pay the mfg/distributor for it until in scans thru a register
Posted on 6/14/17 at 9:25 am to Spock's Eyebrow
quote:where do you live?
They haven't been in my Walmart in weeks, but Albertsons across the street has had them the whole time.
Posted on 6/14/17 at 9:28 am to HailHailtoMichigan!
I've read this whole thread, and the conclusion I have come to is that HailHail is a moron. Moron might be giving him more credit than he deserves, but I'm a glass half full kind of guy.
Posted on 6/14/17 at 9:37 am to BingWaterTiger
quote:
LARGE PORTION is not VAST MAJORITY..it is a larger portion.. for example IF that number was 40% it would be as I stated a large number but not a vast majoirty
frick it dude I dont even know where you're spinning this to now and don't care enough to figure it out. Posted on 6/14/17 at 9:42 am to The Mick
sorry you can't keep up... you claim i stated VAST majority when in fact I said large number... it's simple to understand there is a huge difference between the 2 terms.
Posted on 6/14/17 at 9:45 am to BottomlandBrew
quote:
the conclusion I have come to is that HailHail is a moron. Moron might be giving him more credit than he deserves, but I'm a glass half full kind of guy.
this ^
Posted on 6/14/17 at 9:45 am to Golfer
quote:
They're at the $120B combined wealth because of volume. Not because of margins. This isn't that hard of a concept to grasp.
Walmart is a good looking guy that bangs 2/10s and forces them to change.
The local ecosystem gets spun around when they come to town
This post was edited on 6/14/17 at 9:47 am
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