Retail Shares sink as Walmart cuts jobs

Retail Shares sink as Walmart cuts jobs
by Kristi Ellis and Matthew Lynch with contributions from Arnold J. Karr and Liza Casabona
posted Tuesday February 11,2009
www.wwd.com

Although Wal-mart is doing considerably better than its competitors, in fact they have not really bean affected by the recession that much, they have cut 800 jobs at its headquarters in Bentonville, Arkansas. Mainly in the apparel buying operations department, and will be moved to New York. While employees were layed off they still have the chance to reapply for thier previous jobs owned in Bentonville in New York.
The company feels that it makes sense to move the buying operations to New York to be closer to its apparel design operations it moved from Bentonville a year ago.
Wal-mart will still continue to hire at its in-store level positions.

It goes to show that even the worlds best retailer had to cut some strings somewhere. No one is really exempt from this recession.

Stocks Jump as Retail, tech stocks advance

Stocks jump as retail, tech stocks advance
By MADLEN READ and TIM PARADIS, AP Business Writer Madlen Read And Tim Paradis, Ap Business Writer –

Wal-mart and Macy's saw a increase in stocks last month, while other retailers aren't doing quite as well. I know that this spike in Wal-mart's stocks is a direct result of the economic pressures that are placed on consumers trying to spend thier money wisely and get the most for their money. Wal-mart is the best place to do just that. Wal-mart will flourish in the good and the bad times, they have a fool-proof strategy in the way that they do business and market their merchandise. I think that Wal-marts stocks will continue to rise as the economic crisis is expected to get worse as we progress further into 2009.