Changes a comin at Walmart

[randym431]

No big deal, but many Wal-Mart?s are seeing huge stock losses thru theft. One local was $138,000 short in their inventory. Seems people are stealing Wal-Mart blind.

So many Wal-Mart?s are going to make changes soon.
One. The friendly greeter will be no more. To be replaced by hired security people with training to look out for shop lifters. Something the "greeters" are not trained to do.

Second. Wal-Mart thinks they are also having losses thru their law-away system. So they will nix the lay-away dept as of December.

Most of the losses are in electronics.

No earth shattering news, just interesting. Looks like those self checkouts may be a big part of the losses.

And... Wal-Mart "was" actually going to get into the banking business, starting "Wal-Mart" banks. This was due to current bank costs to Wal-Mart and Wal-Mart not at all happy with the service they were getting from banks. Wal-Mart has the funds and power to start its own banking system. The FDIC had a sh*t fit over the possibility of a Wal-Mart bank, and came up with the check-debit system to appease Wal-Mart (for the time being).

That?s why at most Wal-Mart?s now, when you write a paper check, its transferred into an electronic debit to help cut down on bounced paper checks.

 

[imported_Rat]

What is a check-debit system?

 

[I Saw OJ]

I bet a lot of their loss from theft is coming from their own employees.

 

[Shawn]

I wouldn't be supprised if much of the theft was caused by the self-checkout system. My friends have jacked so much sh|t from walmart because the self checkout wasn't ringing up their item so they just said fvck it and put the item in the cart anyway.

 

[Epic Fail]

Wal-Mart has the funds and power to start its own country.

 

[Pabster]

Originally posted by: Shawn
I wouldn't be supprised if much of the theft was caused by the self-checkout system. My friends have jacked so much sh|t from walmart because the self checkout wasn't ringing up their item so they just said fvck it and put the item in the cart anyway.

"PLEASE PUT THE ITEM BACK ON THE SCANNER!"

 

[Pabster]

Originally posted by: yamadakun
Wal-Mart has the funds and power to start its own country.

It already did... China.

 

[amdskip]

Former walmart associate here.

I really don't believe that much was stolen in the self checkouts compared to normal theft. Layaway is being elminated because of the costs of running it (storage trailer rental, associates to run it, the general pain in the butt that it is). Theft is rare in layaway.

I really do not believe walmart would open retail banks. They wanted an industrial bank that would allow them to do their own check and credit card processing. It makes sense to me. It's sorta like why not do all the processes in house and save money.

 

[Compton]

So... if I buy Walmart stock now, will I go to jail like Martha Stewart?

 

[amdskip]

I sure wish the stock would go up so I could dump mine and break even.

 

[randym431]

What is a check-debit system?

You write a paper check. Its ran thru as an electronic debit against your checking, and they hand you back your check and a receipt to sign stating it was converted to an electronic checking debit. I guess (???) its like the bank guaranteeing the check will not bounce. Like a credit card authorization...???

BYW, at my local walmart, where my walmart worker-friend works, they were having a huge amount of missing items in the lay-away dept. When people came in to get their lay-away, they could not find it in back. No doubt night employees figured out a scam. They have a huge turn over in the night stocking at that location.

I'm glad they are nixing the greeters. never seen the point. Just one person less you have to TRY to ignore when rushing around shopping.

 

[dxkj]

Originally posted by: Compton
So... if I buy Walmart stock now, will I go to jail like Martha Stewart?

Walmart stock?

 

[0roo0roo]

hm self checkout..theres always a person watching, and probably someone monitoring through the camera with readouts of the registers. that being said from what i've seen half the self checkouts tend to be out of commission anyways

i'm going with employee theft too, they can pull off the biggest thefts. disgruntled employees are expensive, and walmart seems the perfect place to create such discontent.

wtf is layaway

no more greeters? i guess the old folks are outa jobs lol

 

[jagec]

Originally posted by: randym431

What is a check-debit system?

You write a paper check. Its ran thru as an electronic debit against your checking, and they hand you back your check and a receipt to sign stating it was converted to an electronic checking debit. I guess (???) its like the bank guaranteeing the check will not bounce. Like a credit card authorization...???

About time. Paper checks have been obsolete for decades...ever since check cards came out, to be exact.

 

[randym431]

About time. Paper checks have been obsolete for decades...ever since check cards came out, to be exact

A lot of people will mis the float. Weird thing though, It took 2 days for a paper check to clear my bank. And 2 - 3 days for their electronic debit to clear. I like the debit system!!!

 

[CTrain]

A manager told me once that Wal-mart's annual theft loss would make the top xx retailer in the US.
I forgot the exact number.

 

[KK]

I'm still not letting them check my reciept at the door.

 

[AgaBoogaBoo]

The greeters are probably the only thing that add a nice touch to walking in and out of Wal*Mart, there are a specific greeter or two that I recognize and actually like to say hi to, usually make some small talk with them too. I'd hate to see them gone.

 

[SearchMaster]

Originally posted by: dxkj

Originally posted by: Compton
So... if I buy Walmart stock now, will I go to jail like Martha Stewart?

Walmart stock?

This is news?

 

[Ryan]

My friends sister works there - she told me this tonight, and she said that they aren't allowing any more overtime for employees - which SUCKS.

 

[BoomerD]

Found out about the check-debit thing first hand the other nite at Wal-Mart. First time we've been in one in a couple of years. No big deal, but it should be posted, so people know what's going on with that.
Y'know those blue vests they wear that say
"Can I help you?"
They should be changed to:
"I don't know, so don't fvcking ask me!"
Every employee on the sales floor we asked about something, gave us the same reply..."I don't know"...Sure reminded us why we quit shopping there...Probably be another couple of years at least before we return. Hell, I can get cheap "Made in China" crap almost anywhere nowdays...

 

[CKDragon]

Originally posted by: KK
I'm still not letting them check my reciept at the door.

Ha, can you actually refuse? What's their reaction?

I know it sounds lame, but this is just the kind of petty action that could entertain me on what are otherwise depressing Walmart trips.

 

[Beev]

Originally posted by: I Saw OJ
I bet a lot of their loss from theft is coming from their own employees.

Was when I worked there... *cough* >.>

The managers treated everyone like dirt so I got my "payback." I was like 15 or 16. Worst decision of my life and a good lesson. Although the management deserved worse. It was WAY easy too. I'd elaborate, but I'm sure no one cares.

 

[0roo0roo]

Originally posted by: Sraaz

Originally posted by: I Saw OJ
I bet a lot of their loss from theft is coming from their own employees.

Was when I worked there... *cough* >.>

The managers treated everyone like dirt so I got my "payback." I was like 15 or 16. Worst decision of my life and a good lesson. Although the management deserved worse. It was WAY easy too. I'd elaborate, but I'm sure no one cares.

i had a friend that was disgruntled... no stealing was required or desired, lets just say things got dropped..

 

[Beev]

I wish I was that mature back then. I really was a little jackass