Wal-Mart Stores Inc (NYSE:WMT) In All Sort Of Controversies
On Friday, across the country, hoards of protestors came out to support the cause of increasing minimum wages and one of their main target was Wal-Mart Stores, Inc (NYSE:WMT) stores. A raucous rally was held outside the company’s location at Sterling Heights in Macomb County . The wages here vary depending on the shift that the workers are on, the market and the competition. Protestors are saying that the major portion of the workers at Wal-Mart Stores, Inc (NYSE:WMT) earn only minimum wage and take home no more than $25,000 on an annual basis.
The protestors handed over the petition that had been signed by hundreds of people and then continued with the rally. An Employees International Union member, Ricardo Jackson said that they are fighting for the benefits that they rightfully deserve. They should be getting $15/hours and a union. He said that they will keep on taking an aggressive stand and fighting till they break the back of the company and get what they are supposed to.
Wal-Mart Stores, Inc (NYSE:WMT) denied the claims about there being a completely new hiring drive which will finally offer the associates an opportunity to advance in their roles at the company. Amidst all the protests, the shopping trends that the retailer experienced on Black Friday were truly ridiculous.
Star attraction- The discounted towels
The company had started advertising low prices, various offers and deals on different products like laptops, kitchenware and TV’s. But surprise of surprises, the best selling product on Black Friday across many of the company’s stores were towels. As per the statement that the company released on Friday, it sold 2.8M towels, 1.4M tablets, 2M TV’s and 1.9M dolls.
What was truly ridiculous was that not only were people buying towels in large quantities, but were also turning violent to buy the really inexpensive ones. Despite all the protests from workers and fights over towels, Wal-Mart Stores, Inc (NYSE:WMT) has pretty successful Black Friday.