Report: Walmart Setting Supplier Fees To Balance Labor CostsThursday June 25th, 2015 - 11:51AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
 According to a report from the Reuters news service, Wal-Mart Stores will begin charging fees to virtually all vendors for stocking their products in new stores and for warehousing inventory. Wal-Mart recently announced that it would raise wages for many employees and has since been looking to suppliers to chip in and help it make up for the raises. The changes that Wal-Mart has proposed, which also include amended payment terms, will affect 10,000 U.S store suppliers, according to the report on Reuters, which added that, although the chain has imposed some similar fees in the past, the charges were not comprehensively applied. In a conference call, Wal-Mart CFO Charles Holley stated that investment in employee wages and training cost the company about four cents per share in the first quarter, the same figure as for currency exchange rate fluctuations. The retailer's earnings per share in this year's quarter were $1.03 versus $1.10 in last year's period. Tags: wal-mart • walmart • reuters • labor • fees • inventory • new stores • slotting allowances • charles holley • charge • stocking • warehousing • payments • Housewares • Retail •
« Go Back
« Printer Friendly
|
| 
| | 
| 
| 
| 
| 
| | 
| 
After a winter that seemed would never end fades deep into the background, the housewares race is heating up as the all-important second half nears. There is no turning back at this point. But a recap of some of the first-half developments that set the pace for 2015 provides some guidance.
