Walmart Cuts Out Night Shift Greeters (WMT)
A thirty-year tradition at Wal-Mart Stores Inc. (NYSE: WMT) is about to be scrapped as the company eliminates its door greeters from the overnight shift. The company is trying to shore up its profits and margins at a time when…
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A thirty-year tradition at Wal-Mart Stores Inc. (NYSE: WMT) is about to be scrapped as the company eliminates its door greeters from the overnight shift. The company is trying to shore up its profits and margins at a time when US stores are struggling.
The change affects the company’s 3,000 or so super-centers which are open 24 hours a day. Because the door greeters have been associated with Walmart for so long, some see the move as risky. Others don’t expect much impact because the middle-of-the-night traffic at Walmart’s stores is very light.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
