When I was a sophomore in college, I took a class in - economics. The first day he told us Posted: Jan 16th, 2018 - 2:37 am In Reply to: Walmart plans to cut more than 1000 corporate jobs. - sm
"If there’s one thing I want you to get from this class it’s this: THERE’S NO SUCH THING AS A FREE LUNCH.”
A large chunk of their corporate deadweight has needed to go for a long time. They do stupid things from Bentonville which predictably damage the profitability of local stores and then are never held accountable.
As for the store closings, a lot of areas are overbuilt.
Plus Amazon is destroying their business piece by painful piece. The fight between those two companies is a real thing and it will be interesting to see who comes out on top.
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