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Stores are making record profits while complaining (thelemmy.club)
submitted 2 months ago by to c/microblogmemes@lemmy.world
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[–] 1 point 2 months ago* (1 child)

Are the companies in your country currently complaining about theft in massive PR campaigns? Because Walmart is.

And Walmart’s outpaced inflation. Not all of our companies have, but some certainly. Your argument is like asserting that a car couldn’t have run out of gas because it has 90 km/l.

And of course I’m going to blame a company that underpays and abuses its employees as severely as Walmart, while siphoning half of its personnel budget from local taxes.

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

https://wallstreetnumbers.com/stocks/wmt/operating-expenses

https://www.macrotrends.net/stocks/charts/WMT/walmart/revenue

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  • [–] 1 point 2 months ago

    Not in a massive PR campaign, but yes they are complaining publicly. Retail theft has gone up significantly, with 360k offences in the last year before the pandemic, having fallen for a couple of years from a peak of about 380k, and the most recent year stands at 530k offences.

    And by all means, criticise Walmart for their abuses of staff and exploitative practices. But their profit levels are just not part of it. If Walmart were nationalised and stopped making profit and stopped paying its execs as much your $100 grocery bill would still be over $95. Hoo-fuckin-ray.

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