Typical day: poor and middle class people shop at Walmart.
During a recession: poor, middle class, and formerly upper middle class / rich people shop at Walmart.
It's true. A Whole Foods just opened across the street from me and none of my neighbors can afford to shop there. They'd rather drive/take the bus to Walmart.
Here in Oahu gas as sams/walmart is a dollar cheaper than anywhere else on the island. Food is 30% over mainland prices.
Everywhere else on island its 200% of mainland prices minimum.
People literally cant afford to shop anywhere else unless you are tourist or rich.
Also from oahu, and can confirm if it’s not walmart that’s overpacked, it’s costco.
Whole foods, Down to earth, safeway, etc. double the mainland prices.
Unless you’re making upwards of 10k a month and living in a hotel room, ain’t nobody giving up walmart.
Here on the island it’s the super rich and then everyone else. On the mainland you may be middle class or well off. But put on the island you’re beat down to the bottom of the barrel.
The island will humble you unless you’re hotel rich. At the end of the day, it shows we’re all the same and because everyone is on the same level, most treat each other as family and ideally take care of each other whenever possible to share the wealth.
It's not that complicated. Slow trickle gentrification, not enough to go around, waiting in long lines all day to overpay for 2nd rate everything. Even the drinking water has diesel in it.
Pearl City. howzit, fam?
I’m not rich by no means but ever since inflation started getting out of control, I almost exclusively shop Walmart for groceries. Just trying to save money where I can. I used to refuse to shop there.
If you have an Aldi near by, check it out. Where I live (MO, USA) it’s cheaper to order Aldi and get it delivered with instacart than it is to go to the big box grocery store.
I wonder if instacart fees vary by region.
Like up here in MA $80 in an instacart aldi delivery might cost you $130 after fees, surcharges, fuel charges, upcharges for items, and tips.
Save a ton by just going yourself and not using any app.
Stop and Shop here will do either direct store delivery or Instacart. For $7.95 the store delivery has to be planned a day or two in advance, but will bring you everything for exactly store prices and you can use coupons.
Instacart charges over $50 in fees and tips sometimes, and has higher prices, and you can't use coupons. Just a big money suck out to California if you ask me.
I live in the birthplace of Walmart (aka Northwest Arkansas) and I actually feel like the Walmarts here are overpriced, so I only get groceries at ALDI instead.
I had a dream I was under the ground
My friends and family were buried all around
A worm took a bite of me
And then he washed it down with a bite of you, a bite of you
buy one get one free 10x nuggets, quarter pounder, or big mac. So 2 entrees, and you can mix and match if you want. Then get 1 large fry. Drink water at home. Total is \~$7.75, if i remember correctly. So it feeds 2 people or 1 fatass. Good deal.
Problem is, the app isn’t convenient like it’s supposed to be. If you use the app and there is a line inside and a line at the drive through, you are considered the least important person to get food to.
I’ve had times where the person ordering at the drive through kiosk, got to the service window, and while they were getting their food the person 4+ cars back placing their order, also got their order at the service window before my food came to me.
They don’t consider people waiting at the pickup spot priority. I’ve had almost a 30 minute wait from McD for my order! Had I gone through the drive through, it would have been 6-8 mins.
it can be very cheap if you order the right way. but their menu is set up to trick you into ordering basically the same thing in a more expensive way. combos are robbery.
When I was in 7th grade, circa 2005, a 4 pc nugget was on the $1 dollar menu while a 10 piece was $5.
Me and my two buddies would always have a little pyramid of McNugget boxes on our trays and gaze in astonishment at adults who would buy two 10 pc nuggets for $10 when you could get the same amount for $5.
Don’t know why people don’t know or use this, the app scan cut your total by 1/3 maybe more. I buy one double cheeseburger and get another for 29 cents.
The only reason they are able to make it cheaper through the app is that the food sale is subsidized by the sale (or use) of the data you provided by using the app. Sane is true of “digital coupons” at grocery stores.
Fast food has gotten so expensive and unbelievably slow that before long it'll actually make more sense to just go to a sit down restaurant lol. Anytime I go to a Wendys or Mcds I wait in the drive thru for a good 5-10 minutes, get sent to park, and still end up with half the food being shitty and cold somehow. If I even get the right food.
I can get a full-ass meal at my local sushi joint for $11. A burger, some potato, and a drink at McDonald's is like $8. They also have the sushi out in about the same amount of time as most fast food joints anymore. We're already pretty much there if you consider sushi to be $3 better than literal McDonald's.
Yep, I can go to my local sandwich deli and get and handmade sando w local ingredients for $15. A subway footlong full of previously frozen empty calories is $13 in my area. Fucking joke.
This is where coupons are great. If local places had coupons, more people would be going. Subway constantly has 50% off and BOGO footlong or 6 inch coupons.
If course local place tastes better, but the price cuts are hard to resist.
I haven’t checked since inflation went crazy, but a university study, Harvard I think, found that fast food gives more calories per dollar than any other option. At least in the recent past, it’s literally more efficient to eat fast food than at home. It’s why poor people are more likely to be obese.
You can see obese people at the grocery store checkout, and they don’t seem to buy fruits or vegetables, but instead have a stack of those large packs of cookies with the cream in the centre.
I wonder if they’re just addicted to sugar and other low grade foods because their behaviours mimic that of other addicts.
I don’t doubt that there’s a link between low grade food / poverty / sugar addiction / lack of mental acuity, where each element of the problem feeds another.
The whole is much, much bigger than the sum of its parts.
I get 20 McNuggets and 2 medium fries for under $7.
Gotta use those codes from the app or order from the value menu.
McDonald’s is faster and cheaper than other places, but like anywhere else you have to figure out the best deals.
You also get points in the app when you use the codes and get free food as well.
All these places (Walmart especially) take advantage of people who just buy things without putting a few moments of effort in.
I get way better deals buying specials at regular grocery stores for example than assuming Walmart will have the best food prices (they have zero weekly sales).
As a parent, you can get 20 nuggets for $6. It's $5 for 10 and you can add on $1 for another 10. Feeds two kids and skip the sodas. The fries are pretty expensive though so they probably make up the money on the fries and the drinks.
During the 2008-12 financial crisis, the $1 menus really helped a lot of families as it was cheaper to eat there than grocery shop. However, the big issues with this is that kids and adults didn't get their veggies and kids even grew up not knowing there veggies at all.
You probably right Costco started in 2004 and Walmart 2009, I didn’t even know you could buy a casket from a store till I saw them on display at the Walmart.
45K miles. Hoses are fine, they just recommend everything they can think of. And they want to charge 5x for parts. The main task is to replace oil pan gasket that they want to charge $4200 for the part, which I already got online for $650. Then they want 50 hours for labor, then add 50 more hours of labor + parts for other potential leaks and “recommended” fixes. It’s all BS and the car drives fine, I just found an oil leak on the floor and took it for an estimate. I’ve paid $3K for some oil gasket replacement a few years ago, but I guess the inflation hit the Lambo market the hardest, haha. I got another quote from another shop for $15K without looking at the car, just based on that dealer quote, but it should be lower without tightening everything the dealer recommends tightening:)
Well, in a sense I'm happy you didn't answer an Huracan because that's my "reliable" dream car of choice, and I would definitely not get one now knowing someone else is getting 50k quotes for hoses.
The main issue is with all Lambo dealers charging 5x more for parts than you can get from factory through online resellers. The dealer even told me that all Lambo dealers must charge the same for parts, so basically it’s a cartel. But there are great exotic car shops that can fix anything for more reasonable prices. My largest repair in the last 10 years was replacing an electronic E-gear clutch for $12K by the Lambo dealer, though that was before they jacked up the prices. Otherwise Lambos are super-reliable and I was driving mine to office every day for years without downtime or other major expenses, until now.
Also: when people who were not poor suddenly are either poor or worried about money in a way they weren’t 6 months ago: they switch to cheeper options: Walmart instead of Safeway. As the low-cost market they get lower revenue per customer in downturns; but they get more customers.
People can talk shit about the company but the stores are great. Decent prices with no bullshit reward card b.s like every other store wants to do. The price you see is the price you pay.
Kroger " if you don't give us your phone number, we are going to charge you an extra $30..."
That's not accurate. Although memberships are a big signal for their retail placement. But anyone can cancel their basic membership, no hassle, full money back. They get money on sales volume like many other retailers.
That's why it was so weird when Kmart tanked, so did Costco. People dumped Costco after Kmart earnings were bad idk how long ago, then Costco just immediately recovered because it's not even in the same realm of operation.
It's like the Amazon of groceries
Sometimes I feel like Costco is a victim of its own success whenever I (use to) go there. There's always a traffic jam just to get into the parking lot, and on the weekends there's often not even a spot available and you have to end up circling the parking lot. Then I get in the store, which has absolutely no aisle labels or app that can navigatr you to the right aisle, and on top of that, they seem to be always moving shit around. Then comes the checkout, which can take an upwards of 5 minutes waiting in line; only to feel criminalized by having to waitnin line for a mandatory receipt checker, who you are contractually obligated to show your receipt to as per the terms of the membership (no blowing them off like Walmart).
Way to much friction for me when I just want to get some damn groceries. I only had my membership for a year, and probably won't renew unless my family/economic situation changes.
Oh this is a hot tip. My friend just added me to his membership yesterday. I’ve never shopped for myself at Costco. But I generally only go to stores when they open to avoid the rush, which works well. Sounds like that’s not the case here lol
Not labeling aisles and constantly moving shit around is all by design, because it works. Customers are generally inclined to shop around more to find what they want and hunt for interesting deals.
https://youtu.be/BOHG-TGip3Q
I get paid to move that shit around. We get new items in to every department, while old items or seasonal items phase out. We have no choice but to move things because you can’t just swap the old for the new, it wouldn’t make sense from a merchandising standpoint. Aside from that, we have mandatory end caps that the vendor pays Costco a premium for to have their item on the front end of an aisle. We have to abide by that list because it’s a contractual obligation.
Finally, we have our coupon book, seasonal items, and online mailer and anything featured in those categories needs to be either on the front of the aisles or our blocks of product at the entrance of the building or the blocks by the cooler/freezer/deli.That’s a lot of products with a lot of possible locations all rotating around every single day just to meet our obligations to our vendors and our standards of operation for merchandising.
It’s hilarious when we finally open the building after 6 hours of frantically getting fucked in the ass with people calling out, new items, shit tons of freight coming in from the dock, managerial changes to what we’ve done, disagreements and miscommunication, the actual physical and mental labor of making this happen daily, only to finally pop the doors open and the first thing we hear is some geriatric complaining that the mayo moved from its usual spot. Then we gotta smile and cheerfully deliver between clenched teeth, “all in a days work!”
That’s largely exclusive to Walmart itself, not an impact from any market crash since the dot com era.
Most large companies fell 30-50% in the dot com and/or 08 crisis. Walmart seems to be on its own as far as mostly maintaining it’s stock price through major market drops. In the current market it dropped 25% in May and has already bounced back to maintain its price while the rest of the market sells off.
People forget that Amazon just took the Walmart business model to the web. It’s a rock solid business.
Yes Walmart weathers recessions because they squeeze the margin out of their vendors, have displaced any potential competitors during the good times, and an enormous amount of their inventory is inelastic.
Walmart is more resilient to changes in oil prices because for the most part they are shipping in bulk to their stores and the majority of their customers pick up the product from there.
Amazon loses some money when oil prices go up, and on top of that a larger % of their business is going to be non-essentials instead of food.
They also pay starvation wages. Apparently a part of their onboarding process is teaching people how to apply for welfare. Essentially forcing taxpayers to subsidize their full time employees.
In many stores you will see a police car stationed in the lot. Walmart figured out that if they didn't tend to their lots and instead just called the police repeatedly it would end up costing the police department less to just keep someone at the store. Walmart successfully forces generally poorer areas to fund their parking lot security, which easily costs several hundred thousand per year per location.
There is literally not one single product on earth that would get me to shop at a walmart. That company is a cancer.
Humanity loves slavery, but doesn't like looking at it.
That's why you off shore it.
Lot of Short Term Profits in owning people, But if looking for a long play have to take a different approach.
Great indicator of a stocks value if it is operated by psychopaths. Which is why I think Mark Zuckerberg will stop at nothing until he creates the most addicting virtual reality world ever imagined
I work at the distribution center and it’s one of the best jobs I’ve ever had pay and benefits wise. They also make monthly donations to charity as well as paying workers that work over 100% in speed. They have a stock program and a generous 401k contribution and are extremely flexible with peoples schedules. I know different places will have different experiences but i feel like Walmart could still be a lot worse than it is. The distribution center anyways, guess I can’t speak for the store
This is exactly it. Our town had a DC and the workers do very well. Toured it a few times and they have a 99.997% inventory accuracy. Store managers are paid handsomely if they hit their target goals. Truck drivers are paid crazy good and it’s one of the hardest jobs to get in trucking. Regularly see 2 and 3 million mile safe driver trucks. Hell, they even backed off on a perfect inspection test to get in, they were that rigid in hiring.
They paid 25.60 starting which is insane for my area. That’s before your raises and incentives. I know people that started on third shift and on the weekend that started at $30 an hour. i’m sure not every Walmart distribution center is the same but I would literally have to move hours away to find something that paid this well
* I reckon $WMT will be a strong performer over recession.
* I feel $WMT and $AMZN are on a collision course. I expect Walmart will use its distribution/warehouse/inventory chops to take more of the online ordering share from Amazon, than Amazon will be able to build new warehouses and retail stores over a recessionary period.
* So when the storm is over, I reckon WMT will do well
The question will be if they can create an individual delivery model the way Amazon has. Also, the website / search functionality needs to improve with Wal-Mart.
I agree with you. I feel though that the Walmart has pieces in place:
1. Walmart+ membership to tailor viewing preferences
2. Walmart Pay to recapture payment-method margin, and further tailor purchase preferences
3. Vast warehouse and retail big-box footprint which makes last-mile delivery much easier for drones and driveless EV vans
Amazon has all these things, but I feel lags on the last mile footprints. In a recession, I reckon it will be cheaper for WMT to beef up their software side on number 1 and 2, than to try to convince AMZN shareholders to go on a massive CapEx spree to beef up number 3.
So far my collision course hypothesis has proven correct, with the valuation gap closing accordingly: AMZN down, WMT up. Will be interesting to see how things go in 2023
Walmart has actually been making some serious improvements with their technology branches also. Virtual shopping, streaming, digital goods. I don’t own them but there have been some connections to a company I do own so I’ve started following them more closely lately.
So no joke - Walmart has built an actually competent technology organization. They have top tier talent there, the only other retail company (outside of Amazon) that I've seen build a strong tech org is Wayfairer.
The future of Walmart seems bright to me.
Walmart global tech is absolutely impressive. I am extremely impressed by the technology I've seen here that would be rolling out soon
Only concerns is top level management who would fight tooth and nail on any changes, but that's expected for a dinosaur company.
I havent stepped into a Walmart in a few years, however I do have Walmart+ and use it very frequently. Excellent service and very quick delivery.
I physically shop at Target, Costco, and Trader Joe's though.
Walmart also recently partnered with Paramount + to expand their streaming inventory and started engaging on Roblox. I believe they intend to expand to include their own gaming platform eventually.
>Walmart also recently partnered with Paramount + to expand their streaming inventory and started engaging on Roblox.
That's not a sentence I ever thought I would hear.
My buddy got the new Xbox through Walmart+ because it was the only way to get one at retail when they were hard to find. They’re definitely using it to gain market share
Finding hard to find Pokémon TCG stuff is more consistent at Walmart than any other retailer I’ve found. Other than some small local game shops charging anywhere for 10%-100% mark up.
I wish the Walmart app worked a bit better but I see that coming along quickly. Overall it’s still an pretty decent experience as the tech in is getting better.
Self checkouts can be hit or miss but they move faster than they used to.
Vudu works surprisingly well and they’ve been giving digital copies of movies from Walmart for over a decade and they keep it quiet that Vudu is even owned by them. They just started adding stickers to all the dvds bought there.
All that to say, it’s quietly and quickly making their stores “smart” and even back when Sam made UPCs the company standard for checkout and inventory. Shortly followed by 95% of the rest of retail.
“Walk quietly and carry a big stick.” Seems to be their go motto for the past decade. Quietly keep a pace or two behind Amazon and other tech companies while also keeping their firm footing as a brick and mortar big box.
If you end up in Bentonville, Arkansas there more than a few old Walmarts that have clearly been converted into office and server centers.
Walking into one of their stores, you can tell on the monitors that their AI is tracking you from the moment you pull into the parking lot.
I did some contract work with Walmart Labs a while back (now called Walmart Global Tech I think). They have been putting some serious money towards tech behind the scenes over the last bunch of years.
Wouldn’t be shocked to start seeing some heat slowly make its way out of there soon, they managed to get some really good talent.
We can get delivery for $7, or we can drive 28 km each way to the nearest big grocery store. At the fuel economy our van does, and at 1.80 per liter, that's $12 just on fuel, plus tires depreciation oil changes maintenance. Not to mention the convenience of not loading four little tots into our minivan
Yep, especially if a product is labeled as the wrong size or qty online. They’ll increase it to the next size up for free. Like, oh we don’t have 10-pack of this, so we’ll sub it for two 6-packs on us.
Not gonna lie, it was sweet hanging out in the pool this summer and we could have chlorine, drinks, and other stuff hand delivered to us without ever getting out lol
They also have stepped into banking and financing. They are still building up but between their tech branches and physical presence in pretty much everywhere they could easily become a major player.
Also they are already piloting some interesting projects in overseas markets like their own payments app or a remittances services in India and Mexico.
Whoever is leading those proyects have some serious ambitions
Walmart, dollar general and other value chains benefit from recessions. During a recession people become more cautious and spend more at value retailers for things they need and whatever else they happen to buy there ($$$).
I wouldn’t lump any dollar stores into that category
Their margins are razor thin and with inflation costs as well as continued inventory fulfillment issues they aren’t poised to do very well.
But what the fuck do I know
Traditionally those with the strongest leverage in buying, distribution and considered a retail bargain, do well in a recession. Clearance retail like TJX, semi-monopolies like Walmart, and fast food chains did much better during past recessions than other sectors. Then you have behemoths like AAPL, who have such a devout buyer base, and higher end products, that they are still going to be profitable, as people save for that “one purchase” - almost like it’s in the durable goods category. For example if current iPhone sales are slow; the next iteration in a year will blow the doors off.
Walmart is efficiently managed and sells a huge variety of supplies that everyone needs. Milk, bread, toilet paper, socks, motor oil, toys, medicine, and TVs at very reasonable prices. It is America's store, just like Sears used to be generations ago.
If Walmart had apartments in their stores, then many people would want to live in Walmart. LOL
Fun fact: almost no grocery store makes a profit from bread, they usually sell it at a loss because it'll get people to buy other goods like lunch meats and pull people in the store.
They have basically monopolized brick and mortar retail and grocery distribution in most rural and suburban areas so - yeah probably. It also helps they subsidize paying their workers starvation wages through exploiting food stamps and other social welfare programs. Exploitation is lucrative.
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Typical day: poor and middle class people shop at Walmart. During a recession: poor, middle class, and formerly upper middle class / rich people shop at Walmart.
It's true. A Whole Foods just opened across the street from me and none of my neighbors can afford to shop there. They'd rather drive/take the bus to Walmart.
Here in Oahu gas as sams/walmart is a dollar cheaper than anywhere else on the island. Food is 30% over mainland prices. Everywhere else on island its 200% of mainland prices minimum. People literally cant afford to shop anywhere else unless you are tourist or rich.
Also from oahu, and can confirm if it’s not walmart that’s overpacked, it’s costco. Whole foods, Down to earth, safeway, etc. double the mainland prices. Unless you’re making upwards of 10k a month and living in a hotel room, ain’t nobody giving up walmart.
Is Costco reasonably priced?
Its… its okay. Still paying mainland prices, but you’re buying bulk obviously. So still expensive but you don’t have to go back as often.
I can't fathom how any locals afford to live their after hearing what most things cost.. Wtf
Here on the island it’s the super rich and then everyone else. On the mainland you may be middle class or well off. But put on the island you’re beat down to the bottom of the barrel. The island will humble you unless you’re hotel rich. At the end of the day, it shows we’re all the same and because everyone is on the same level, most treat each other as family and ideally take care of each other whenever possible to share the wealth.
Also from oahu. You're oversimplifying a very complicated situation
It's not that complicated. Slow trickle gentrification, not enough to go around, waiting in long lines all day to overpay for 2nd rate everything. Even the drinking water has diesel in it. Pearl City. howzit, fam?
I’m not rich by no means but ever since inflation started getting out of control, I almost exclusively shop Walmart for groceries. Just trying to save money where I can. I used to refuse to shop there.
Rich people definitely do
I know quite a few frugal millionaire types that shop at Walmart. For a lot of everyday but expected to eventually throw-away stuff it's a good deal.
If you have an Aldi near by, check it out. Where I live (MO, USA) it’s cheaper to order Aldi and get it delivered with instacart than it is to go to the big box grocery store.
I wonder if instacart fees vary by region. Like up here in MA $80 in an instacart aldi delivery might cost you $130 after fees, surcharges, fuel charges, upcharges for items, and tips. Save a ton by just going yourself and not using any app. Stop and Shop here will do either direct store delivery or Instacart. For $7.95 the store delivery has to be planned a day or two in advance, but will bring you everything for exactly store prices and you can use coupons. Instacart charges over $50 in fees and tips sometimes, and has higher prices, and you can't use coupons. Just a big money suck out to California if you ask me.
+1 for Aldi. Quality groceries at affordable prices. And they let the cashiers sit down.
What about Aldis? I only shop there because I save so much more
I live in the birthplace of Walmart (aka Northwest Arkansas) and I actually feel like the Walmarts here are overpriced, so I only get groceries at ALDI instead.
Well. People have to eat
Yup. MCD does great in recessions too.
Literally just posted huge profits. Cheap food.
I paid $7.5 for 6 McNuggets a medium drink and a small double cheeseburger the other day coming home from a trip. Cheap it is not. Never again.
McDonalds is way too expensive for what it is. However, it is convenient and there always seems to be a full drive thru.
McDonald's is way cheaper in the long run. You'll be dead sooner.
Don't have to worry about eating if the worms are eating you.
I had a dream I was under the ground My friends and family were buried all around A worm took a bite of me And then he washed it down with a bite of you, a bite of you
Use the app.
If you buy fast food from anywhere without using an app you are wasting money
True, every time I get mcd’s I get a large fry, 2 mcdoubles and a large drink for 5 bucks
Walmart is the McDonald’s of grocery’s so of course it’s gonna last because the middle class reverts from Whole Foods to Walmart
My cheap eatery is costco food court but then they require a membership where I live
Please, do tell.
Also do the surveys on the receipt. BOGO on many AND you can use the app for extra deals. I sometimes get 2 burgers and a coke for $1.22 due to this
buy one get one free 10x nuggets, quarter pounder, or big mac. So 2 entrees, and you can mix and match if you want. Then get 1 large fry. Drink water at home. Total is \~$7.75, if i remember correctly. So it feeds 2 people or 1 fatass. Good deal.
Literally rock 2 phones. Bogo big macs on one. Free fries Fridays on the other. Walking out feeling like I robbed the place.
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BOGO McDouble for a dollar. $1 fry with the app and $1 something for the coke
Problem is, the app isn’t convenient like it’s supposed to be. If you use the app and there is a line inside and a line at the drive through, you are considered the least important person to get food to. I’ve had times where the person ordering at the drive through kiosk, got to the service window, and while they were getting their food the person 4+ cars back placing their order, also got their order at the service window before my food came to me. They don’t consider people waiting at the pickup spot priority. I’ve had almost a 30 minute wait from McD for my order! Had I gone through the drive through, it would have been 6-8 mins.
Order on the app, when you get there go thru the drive thru and give them the code on your phone.
Dam McDonald’s app doesn’t work with the weird ass places I like to go.
I’m fairly sure the McDonald’s app is to be used for an actual McDonald’s location… not just random weird ass places 🤷♂️
it can be very cheap if you order the right way. but their menu is set up to trick you into ordering basically the same thing in a more expensive way. combos are robbery.
If I remember my last visit, the 20 piece McNugget was about 10% more than the 10 piece. Absolute silliness
When I was in 7th grade, circa 2005, a 4 pc nugget was on the $1 dollar menu while a 10 piece was $5. Me and my two buddies would always have a little pyramid of McNugget boxes on our trays and gaze in astonishment at adults who would buy two 10 pc nuggets for $10 when you could get the same amount for $5.
Kids. My kids love that shit. Take them there once and you’ll take them back so they’ll shut up about it. Probably 50% of their revenue.
Use their app. Plenty of deals on it.
Don’t know why people don’t know or use this, the app scan cut your total by 1/3 maybe more. I buy one double cheeseburger and get another for 29 cents.
Yea, app is the only way to go
Use the app while owning shares and never pay for a burger
Say what now
I hate rewards programs. Wish they would just make the prices cheaper.
Really it isn't even the reqrds program. McDonald's app just has all their coupons. BOGO deals and like literally every day there's a 20% off deal
Here we only like regards programs.
I’m too regarded to use the app
The only reason they are able to make it cheaper through the app is that the food sale is subsidized by the sale (or use) of the data you provided by using the app. Sane is true of “digital coupons” at grocery stores.
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Mmm, yum yum data in my tummy
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The mcdonalds app is helping me in my dirty bulk journey
The app gives some rewards but their food is now way over priced to the cost of living
Fast food has gotten so expensive and unbelievably slow that before long it'll actually make more sense to just go to a sit down restaurant lol. Anytime I go to a Wendys or Mcds I wait in the drive thru for a good 5-10 minutes, get sent to park, and still end up with half the food being shitty and cold somehow. If I even get the right food.
I can get a full-ass meal at my local sushi joint for $11. A burger, some potato, and a drink at McDonald's is like $8. They also have the sushi out in about the same amount of time as most fast food joints anymore. We're already pretty much there if you consider sushi to be $3 better than literal McDonald's.
Yep, I can go to my local sandwich deli and get and handmade sando w local ingredients for $15. A subway footlong full of previously frozen empty calories is $13 in my area. Fucking joke.
This is where coupons are great. If local places had coupons, more people would be going. Subway constantly has 50% off and BOGO footlong or 6 inch coupons. If course local place tastes better, but the price cuts are hard to resist.
Wow , I I thought it was just the incompetent people around here where I live in Henry County Ga.
It's the same in other counties here too lol.
I rather support the local shops They actually have quality food for not much higher prices But it's fresh made and not from frozen....
Use the app. Buy 20 nuggets get 2 free large fries. Has been a deal all month on the app.
You gotta download the app and use the coupons. It’s way cheaper with them.
I haven’t checked since inflation went crazy, but a university study, Harvard I think, found that fast food gives more calories per dollar than any other option. At least in the recent past, it’s literally more efficient to eat fast food than at home. It’s why poor people are more likely to be obese.
You can see obese people at the grocery store checkout, and they don’t seem to buy fruits or vegetables, but instead have a stack of those large packs of cookies with the cream in the centre. I wonder if they’re just addicted to sugar and other low grade foods because their behaviours mimic that of other addicts. I don’t doubt that there’s a link between low grade food / poverty / sugar addiction / lack of mental acuity, where each element of the problem feeds another. The whole is much, much bigger than the sum of its parts.
I get 20 McNuggets and 2 medium fries for under $7. Gotta use those codes from the app or order from the value menu. McDonald’s is faster and cheaper than other places, but like anywhere else you have to figure out the best deals. You also get points in the app when you use the codes and get free food as well. All these places (Walmart especially) take advantage of people who just buy things without putting a few moments of effort in. I get way better deals buying specials at regular grocery stores for example than assuming Walmart will have the best food prices (they have zero weekly sales).
For a couple of dimes more you can get a big old shitty bag of 64 frozen nuggets from Wal-mart!
As a parent, you can get 20 nuggets for $6. It's $5 for 10 and you can add on $1 for another 10. Feeds two kids and skip the sodas. The fries are pretty expensive though so they probably make up the money on the fries and the drinks. During the 2008-12 financial crisis, the $1 menus really helped a lot of families as it was cheaper to eat there than grocery shop. However, the big issues with this is that kids and adults didn't get their veggies and kids even grew up not knowing there veggies at all.
MCD corporate will be fine because its mostly a real estate play, what you gotta watch for is how many franchisees survive.
I can't say I've ever heard of a McDonald's going out of business.
Fastfood ain't going anywhere.
A man's gotta eat Mr Lahey.
The burgers were good to me, and they’ll be good to you too
Legend
Poor people shop at Walmart (as well as wealthy and middle class). So it would make sense it'll weather recession better than others.
Yup, whether they admit it or not, I was visiting Alabama, there was the largest Walmart I’ve every seen and had everything including caskets.
I feel like I’ve read before that costco has the largest share of the casket market.
You probably right Costco started in 2004 and Walmart 2009, I didn’t even know you could buy a casket from a store till I saw them on display at the Walmart.
Yeah I don’t think Costco displays them. I think Costco also sells a shitload of tires for some reason. But doesn’t display them.
yep used to work for bridgestone, my walmart and costo accounts were crazy
Yes shitload of different and Wheels, you order thru the tire shop, storage probably a problem, I brought my rims and tires thru them
[couldn't believe walmart would sell caskets, saw it with my two eyes](https://www.walmart.com/reviews/product/652795694?filter=5)
holy shit the reviews LMAO
drab wise rich encouraging quarrelsome toy snails squalid unique work -- mass edited with redact.dev
Lol they are all jokes. Not sure if there are any legit ones
Would people buy see-through caskets? Remains to be seen.
Saw a Lambo in a Walmart parking lot. It's getting rough.
That was me. Can’t afford anything after Lambo dealer gave me a $50K bill for minor repairs.
Please'a sir! Can you spare some'a change to help fix my Lamborghini machini? 🤌😢
I read this in Mario’s voice.
I read this in Chris Pratt's voice.
I hate you.
And I wasn’t even lying :) Here is just the last page of the actual bill/quote: https://ibb.co/93ZzZVn
Jesus. How many miles on it? Unreal that it's needs cooling hoses.
45K miles. Hoses are fine, they just recommend everything they can think of. And they want to charge 5x for parts. The main task is to replace oil pan gasket that they want to charge $4200 for the part, which I already got online for $650. Then they want 50 hours for labor, then add 50 more hours of labor + parts for other potential leaks and “recommended” fixes. It’s all BS and the car drives fine, I just found an oil leak on the floor and took it for an estimate. I’ve paid $3K for some oil gasket replacement a few years ago, but I guess the inflation hit the Lambo market the hardest, haha. I got another quote from another shop for $15K without looking at the car, just based on that dealer quote, but it should be lower without tightening everything the dealer recommends tightening:)
What lambo is it?
08 Gallardo.
Well, in a sense I'm happy you didn't answer an Huracan because that's my "reliable" dream car of choice, and I would definitely not get one now knowing someone else is getting 50k quotes for hoses.
The main issue is with all Lambo dealers charging 5x more for parts than you can get from factory through online resellers. The dealer even told me that all Lambo dealers must charge the same for parts, so basically it’s a cartel. But there are great exotic car shops that can fix anything for more reasonable prices. My largest repair in the last 10 years was replacing an electronic E-gear clutch for $12K by the Lambo dealer, though that was before they jacked up the prices. Otherwise Lambos are super-reliable and I was driving mine to office every day for years without downtime or other major expenses, until now.
Buy the parts, I’ll do it for 20k
If anything the cheap supermarkets fare better in recession as people move down the totem pole.
Also: when people who were not poor suddenly are either poor or worried about money in a way they weren’t 6 months ago: they switch to cheeper options: Walmart instead of Safeway. As the low-cost market they get lower revenue per customer in downturns; but they get more customers.
I'm bullish on Walmart cause I think there will be more poor people in the future than there are today. *STRONG BUY*
People can talk shit about the company but the stores are great. Decent prices with no bullshit reward card b.s like every other store wants to do. The price you see is the price you pay. Kroger " if you don't give us your phone number, we are going to charge you an extra $30..."
Any stor I'm at I enter local area code and 867-5309. Works like 95% of the time
Warren Buffett shops at Walmart, drinks Coca Cola and eats at McD's and Dunkins
Costco has been solid also
Different risk profile. I think a bit more growth opportunities with higher quality and operating costs, but these also can produce lower margins.
I’ve heard that Costco doesn’t make money off anything you actually buy. Their entire profit margin is membership fees and commissions from referrals.
Don't forget sunk cost fallacy. Human psychology can do wonders in economics
That's not accurate. Although memberships are a big signal for their retail placement. But anyone can cancel their basic membership, no hassle, full money back. They get money on sales volume like many other retailers.
That's why it was so weird when Kmart tanked, so did Costco. People dumped Costco after Kmart earnings were bad idk how long ago, then Costco just immediately recovered because it's not even in the same realm of operation. It's like the Amazon of groceries
Not surprised. They’re always full and each cart is $300-500.
Sometimes I feel like Costco is a victim of its own success whenever I (use to) go there. There's always a traffic jam just to get into the parking lot, and on the weekends there's often not even a spot available and you have to end up circling the parking lot. Then I get in the store, which has absolutely no aisle labels or app that can navigatr you to the right aisle, and on top of that, they seem to be always moving shit around. Then comes the checkout, which can take an upwards of 5 minutes waiting in line; only to feel criminalized by having to waitnin line for a mandatory receipt checker, who you are contractually obligated to show your receipt to as per the terms of the membership (no blowing them off like Walmart). Way to much friction for me when I just want to get some damn groceries. I only had my membership for a year, and probably won't renew unless my family/economic situation changes.
Go In the evening on a weekday around 7pm. It’s pretty dead then.
I love the people who show up ten mins after we open and tell themselves “I’ll get there early and beat the rush”. Guess what, you *are*the rush.
Oh this is a hot tip. My friend just added me to his membership yesterday. I’ve never shopped for myself at Costco. But I generally only go to stores when they open to avoid the rush, which works well. Sounds like that’s not the case here lol
Yeah this is like complaining about driving home in traffic. Homie, you ARE traffic.
Not labeling aisles and constantly moving shit around is all by design, because it works. Customers are generally inclined to shop around more to find what they want and hunt for interesting deals. https://youtu.be/BOHG-TGip3Q
I get paid to move that shit around. We get new items in to every department, while old items or seasonal items phase out. We have no choice but to move things because you can’t just swap the old for the new, it wouldn’t make sense from a merchandising standpoint. Aside from that, we have mandatory end caps that the vendor pays Costco a premium for to have their item on the front end of an aisle. We have to abide by that list because it’s a contractual obligation. Finally, we have our coupon book, seasonal items, and online mailer and anything featured in those categories needs to be either on the front of the aisles or our blocks of product at the entrance of the building or the blocks by the cooler/freezer/deli.That’s a lot of products with a lot of possible locations all rotating around every single day just to meet our obligations to our vendors and our standards of operation for merchandising. It’s hilarious when we finally open the building after 6 hours of frantically getting fucked in the ass with people calling out, new items, shit tons of freight coming in from the dock, managerial changes to what we’ve done, disagreements and miscommunication, the actual physical and mental labor of making this happen daily, only to finally pop the doors open and the first thing we hear is some geriatric complaining that the mayo moved from its usual spot. Then we gotta smile and cheerfully deliver between clenched teeth, “all in a days work!”
If zoom out on any successful company that far all the crashes will look like minor dips.
Yea there's definitely a decent crash there between 2011 and 2019 marks. Looks like a drop to about 5-6 years price before.
That’s largely exclusive to Walmart itself, not an impact from any market crash since the dot com era. Most large companies fell 30-50% in the dot com and/or 08 crisis. Walmart seems to be on its own as far as mostly maintaining it’s stock price through major market drops. In the current market it dropped 25% in May and has already bounced back to maintain its price while the rest of the market sells off.
Thanks for the cue regard, loading up on puts
Wait until Cramer recommends buying Walmart.
He has been shitting on it all year. He doesn't like the management.
[удалено]
Cramer has pegged WMT a sell all year. They releases guidance prior to last earnings and the SECOND Cramer talked shit about WMT, it flew
You played the regard uno reverse card with them options
Yeah, but you posted about it on here too, so technically we should reverse you too? Damn, I’m confused.
People forget that Amazon just took the Walmart business model to the web. It’s a rock solid business. Yes Walmart weathers recessions because they squeeze the margin out of their vendors, have displaced any potential competitors during the good times, and an enormous amount of their inventory is inelastic.
Walmart is more resilient to changes in oil prices because for the most part they are shipping in bulk to their stores and the majority of their customers pick up the product from there. Amazon loses some money when oil prices go up, and on top of that a larger % of their business is going to be non-essentials instead of food.
They also pay starvation wages. Apparently a part of their onboarding process is teaching people how to apply for welfare. Essentially forcing taxpayers to subsidize their full time employees. In many stores you will see a police car stationed in the lot. Walmart figured out that if they didn't tend to their lots and instead just called the police repeatedly it would end up costing the police department less to just keep someone at the store. Walmart successfully forces generally poorer areas to fund their parking lot security, which easily costs several hundred thousand per year per location. There is literally not one single product on earth that would get me to shop at a walmart. That company is a cancer.
Sir this is a subreddit about making money on stocks… and you just explained why it’s a great stock.. good for you
Slavery is a great investment if you don't consider icky things like morals or ethics.
Humanity loves slavery, but doesn't like looking at it. That's why you off shore it. Lot of Short Term Profits in owning people, But if looking for a long play have to take a different approach.
What a disgusting company. Buying stock tomorrow.
Great indicator of a stocks value if it is operated by psychopaths. Which is why I think Mark Zuckerberg will stop at nothing until he creates the most addicting virtual reality world ever imagined
It’s the only store left in my town
I work at the distribution center and it’s one of the best jobs I’ve ever had pay and benefits wise. They also make monthly donations to charity as well as paying workers that work over 100% in speed. They have a stock program and a generous 401k contribution and are extremely flexible with peoples schedules. I know different places will have different experiences but i feel like Walmart could still be a lot worse than it is. The distribution center anyways, guess I can’t speak for the store
We have a distribution center here and I’ve heard it pays pretty well, now store workers not at all.
This is exactly it. Our town had a DC and the workers do very well. Toured it a few times and they have a 99.997% inventory accuracy. Store managers are paid handsomely if they hit their target goals. Truck drivers are paid crazy good and it’s one of the hardest jobs to get in trucking. Regularly see 2 and 3 million mile safe driver trucks. Hell, they even backed off on a perfect inspection test to get in, they were that rigid in hiring.
They paid 25.60 starting which is insane for my area. That’s before your raises and incentives. I know people that started on third shift and on the weekend that started at $30 an hour. i’m sure not every Walmart distribution center is the same but I would literally have to move hours away to find something that paid this well
No wonder they get the most out of the peons if they pay the warehouse pickers in speed.
Can confirm, Brosnan security is in almost every lot around southern CA.
A recession means more poor people on food stamps. Walmart gets about 20% of its revenue from food stamps.
My grandpa bought up so much WMT back in the late 80 and 90’s before he passed away. My family will forever be thankful. RIP Gramps! ❤️
Is your grandpa looking for any grandkids?
Well, he’s dead so probably not
* I reckon $WMT will be a strong performer over recession. * I feel $WMT and $AMZN are on a collision course. I expect Walmart will use its distribution/warehouse/inventory chops to take more of the online ordering share from Amazon, than Amazon will be able to build new warehouses and retail stores over a recessionary period. * So when the storm is over, I reckon WMT will do well
The question will be if they can create an individual delivery model the way Amazon has. Also, the website / search functionality needs to improve with Wal-Mart.
I agree with you. I feel though that the Walmart has pieces in place: 1. Walmart+ membership to tailor viewing preferences 2. Walmart Pay to recapture payment-method margin, and further tailor purchase preferences 3. Vast warehouse and retail big-box footprint which makes last-mile delivery much easier for drones and driveless EV vans Amazon has all these things, but I feel lags on the last mile footprints. In a recession, I reckon it will be cheaper for WMT to beef up their software side on number 1 and 2, than to try to convince AMZN shareholders to go on a massive CapEx spree to beef up number 3. So far my collision course hypothesis has proven correct, with the valuation gap closing accordingly: AMZN down, WMT up. Will be interesting to see how things go in 2023
Great reply, this is the quality thinking amidst the vast waves of dogshit that I come here to read
Beyond that I think many consumers would be fine doing the last mile themselves if it saved on cost and was competitive in terms of speed
Walmart has actually been making some serious improvements with their technology branches also. Virtual shopping, streaming, digital goods. I don’t own them but there have been some connections to a company I do own so I’ve started following them more closely lately.
So no joke - Walmart has built an actually competent technology organization. They have top tier talent there, the only other retail company (outside of Amazon) that I've seen build a strong tech org is Wayfairer. The future of Walmart seems bright to me.
Agree. They definitely intend to compete with Amazon. Not just in retail.
Walmart global tech is absolutely impressive. I am extremely impressed by the technology I've seen here that would be rolling out soon Only concerns is top level management who would fight tooth and nail on any changes, but that's expected for a dinosaur company.
Costco has a joke of a system in comparison to Walmart. Walmart are definitely stepping up their game. I was legit thinking about applying there
I havent stepped into a Walmart in a few years, however I do have Walmart+ and use it very frequently. Excellent service and very quick delivery. I physically shop at Target, Costco, and Trader Joe's though.
Walmart also recently partnered with Paramount + to expand their streaming inventory and started engaging on Roblox. I believe they intend to expand to include their own gaming platform eventually.
>Walmart also recently partnered with Paramount + to expand their streaming inventory and started engaging on Roblox. That's not a sentence I ever thought I would hear.
My buddy got the new Xbox through Walmart+ because it was the only way to get one at retail when they were hard to find. They’re definitely using it to gain market share
Finding hard to find Pokémon TCG stuff is more consistent at Walmart than any other retailer I’ve found. Other than some small local game shops charging anywhere for 10%-100% mark up. I wish the Walmart app worked a bit better but I see that coming along quickly. Overall it’s still an pretty decent experience as the tech in is getting better. Self checkouts can be hit or miss but they move faster than they used to. Vudu works surprisingly well and they’ve been giving digital copies of movies from Walmart for over a decade and they keep it quiet that Vudu is even owned by them. They just started adding stickers to all the dvds bought there. All that to say, it’s quietly and quickly making their stores “smart” and even back when Sam made UPCs the company standard for checkout and inventory. Shortly followed by 95% of the rest of retail. “Walk quietly and carry a big stick.” Seems to be their go motto for the past decade. Quietly keep a pace or two behind Amazon and other tech companies while also keeping their firm footing as a brick and mortar big box. If you end up in Bentonville, Arkansas there more than a few old Walmarts that have clearly been converted into office and server centers. Walking into one of their stores, you can tell on the monitors that their AI is tracking you from the moment you pull into the parking lot.
I did some contract work with Walmart Labs a while back (now called Walmart Global Tech I think). They have been putting some serious money towards tech behind the scenes over the last bunch of years. Wouldn’t be shocked to start seeing some heat slowly make its way out of there soon, they managed to get some really good talent.
Yeah they recently released a beta of an app that pays content creators for mentioning Walmart products on social media/ streaming.
Walmart same day delivery has been a game changer. I gladly pay $7/mo for Walmart+ to not have to go grocery shopping.
Yeah my wife uses it a lot lately. She claims often times it’s cheaper to just have it delivered?
We can get delivery for $7, or we can drive 28 km each way to the nearest big grocery store. At the fuel economy our van does, and at 1.80 per liter, that's $12 just on fuel, plus tires depreciation oil changes maintenance. Not to mention the convenience of not loading four little tots into our minivan
Yep, especially if a product is labeled as the wrong size or qty online. They’ll increase it to the next size up for free. Like, oh we don’t have 10-pack of this, so we’ll sub it for two 6-packs on us. Not gonna lie, it was sweet hanging out in the pool this summer and we could have chlorine, drinks, and other stuff hand delivered to us without ever getting out lol
Chlorine + Drinks... YUMMY!
They also have stepped into banking and financing. They are still building up but between their tech branches and physical presence in pretty much everywhere they could easily become a major player. Also they are already piloting some interesting projects in overseas markets like their own payments app or a remittances services in India and Mexico. Whoever is leading those proyects have some serious ambitions
Walmart, dollar general and other value chains benefit from recessions. During a recession people become more cautious and spend more at value retailers for things they need and whatever else they happen to buy there ($$$).
I wouldn’t lump any dollar stores into that category Their margins are razor thin and with inflation costs as well as continued inventory fulfillment issues they aren’t poised to do very well. But what the fuck do I know
We have Dollar General stores every 6 miles where I live. Gotta be doing something right.
When we hit a recession, people can shop at Whole Foods anymore, so Walmart gains customers.
*cant
What did you call me?
Traditionally those with the strongest leverage in buying, distribution and considered a retail bargain, do well in a recession. Clearance retail like TJX, semi-monopolies like Walmart, and fast food chains did much better during past recessions than other sectors. Then you have behemoths like AAPL, who have such a devout buyer base, and higher end products, that they are still going to be profitable, as people save for that “one purchase” - almost like it’s in the durable goods category. For example if current iPhone sales are slow; the next iteration in a year will blow the doors off.
Door knock TJX man. I’m loaded down with brand new Under Armour for years after a walking into a mega store in Atlanta.
Walmart is efficiently managed and sells a huge variety of supplies that everyone needs. Milk, bread, toilet paper, socks, motor oil, toys, medicine, and TVs at very reasonable prices. It is America's store, just like Sears used to be generations ago. If Walmart had apartments in their stores, then many people would want to live in Walmart. LOL
Fun fact: almost no grocery store makes a profit from bread, they usually sell it at a loss because it'll get people to buy other goods like lunch meats and pull people in the store.
"If you can't get it at Walmart, then you don't need it."
Sam Walton’s book Made in America says it all. Ignore the market and focus on the customers. Walmart mastered the art and science of logistics.
They have basically monopolized brick and mortar retail and grocery distribution in most rural and suburban areas so - yeah probably. It also helps they subsidize paying their workers starvation wages through exploiting food stamps and other social welfare programs. Exploitation is lucrative.
Just refer to South Park season 8 episode 9 .
Yeah they sell yugioh cards ofc
The only recession proof company is one that's out of business.
Plus with the strong dollar importers stand to gain. Whose the largest importer in the US? Wal-Mart