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WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!

 
OP
User ID: 378100
United States
04/06/2008 12:26 PM
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WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I have worked retail for several years. I am in mid-level store management right now. I don't want to say exactly what company I work for, but it is in the top 3 largest. I work at a store in a major city.

There have been some crazy things going on recently. The changes that we are being asked me make per corporates direction makes me think that the people at the top think something VERY big is going to be happening to the economy soon. I don't think the media or the government is giving us the full details of what is actually going on, but I think the CEO's and others at the top are fully aware and are making plans.

For one thing I check sales every day. At the store level we usually compare what sales are today compared to sales for the same day, week, month, and year last year. Sales at our store, our district, and company wide have taken a HUGE drop compared to the same time last year. When I looked at them today my store and every store in our district was down over 30% for the same time last year. The company as a whole is also in the negative for the same time last year. (but not as much, but it gets lower every day)

Honestly at my store I could say that we have done everything in our power at the store level to increase sales, but it just isn't happening. Departments like electronics are literally almost completely empty the entire day. The only departments that actually are getting sales are consumables, health, and chemicals. Just walking the store these are the only departments I ever even see people in ever since christmas ended.

[link to www.democraticunderground.com]

Sometimes I will cover the service desk so a team member can take a lunch/break. When I do I sometimes process peoples credit card payments which lets me see how much they owe and how much they are paying. There are tons of people with THOUSANDS of dollars on their card only making minimum payments. These balances are usually at interest rates over 20%. Then there are people bringing in checks for the full amount, but they are BALANCE TRANSFER checks.... they are just moving it to other cards.

But that isn't what really worries me. What worries me is the changes corporate is making. I have worked here for years, and in the last 4 months I have seen more changes than all that time combined.

We are getting emails all the time from corporate telling us to reduce costs anyway we can. We recently got one telling us to start pulling fluorescent light bulbs, that we don't need all of them in order to provide illumination.... and those bulbs barely use any power.

Corporate has instructed all stores to lower the AC. It has been lowered enough to the point we get complaints from team members and customers.

Corporate has sent us emails telling us to make sure we fill bags to the absolute possibly maximum. They are not even sending us large bags anymore to some stores.

Corporate has recently eliminated (what I would estimate based on how many positions we lost vs the thousands of stores we have) several thousnad management positions at *all levels* of management at stores. This NEVER APPEARED ON THE NEWS! I suspect because it was not a traditional lay off. What corporate basically told us was "Your position is eliminated, but you are not laid off. Once you quit/get your self fired/whatever your position just won't be filled again" So we are basically slowly losing jobs as people company wide quit, get fired, etc.... but the jobs are never filled again. So basically we are cutting jobs, but the way it is being done is preventing it from getting reported in the media or tracked by the government as job losses.

No non-management positions have been eliminated, instead hours have been cut for them.

Raises this year have also been lowered in amount compared to in previous years. They have been lowered enough that corporate is keeping it a secret until we have to tell team members.

The company is also buying less. Our distribution centers are sending us, for example, 3 of a certain item when normally we would get 50.... and they don't send us more until those sell. I have not been able to keep departments full of product despite contacting corporate and asking for more because we are being sent such small amounts of product.

We have had trucks cancelled all the time now simply because we sold so little that they can't justify sending so few items to a store.

People are simply NOT buying things. They are not buying anything that isn't a consumable basically. I asked our pricing team to do a store mark down and lower the price on almost all of our TVs by 30-50%. We still have not sold a single one in over a week after! Our TVs were not priced very high to begin with.

Our pricing team is also being sent price increase changes from corporate in huge numbers. I am talking entire aisles of product for them to raise the prices on. The other day we got a STACK of pages of product to increase prices on. We thought it HAD to be a mistake because that has simply never happened before. We have emailed corporate asking if it was a mistake... we have not heard back yet, but I suspect it was not.

Many stores are now changing to non-overnight stores. They will be closed overnight and ALL power except in office areas will be cut overnight to save on costs.

There have even been changes to job descriptions recently. Corporate is basically giving job dutys to people at lower levels which used to be reserved for people at higher levels. Even some management tasks are being given to people in non-management positions. Basically they are paying people less to do what people used to get paid more to do.

Things are NOT looking pretty right now. I can tell you from a consumer spending point of view something is definantely going on.... All these changes tell me the people at the top are trying to brace for something big that is going to be happening to the economy.
Flyboy
User ID: 165347
United States
04/06/2008 12:27 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Sorry AC, Omega already posted this earlier this AM.
Good try.....................
Anonymous Coward
User ID: 409559
France
04/06/2008 12:30 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
SO WHAT DO YOU THINK WILL HAPPEN ?

PLEASE EXPLAIN


hf
Anonymous Coward
User ID: 270791
United States
04/06/2008 12:37 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Walmart, Bestbuy, big box stores. Malls are so yesterday.
Internet Commerce, Price of gas and food.... many factors but mostly people don't go to malls as much.
Anonymous Coward
User ID: 328162
United States
04/06/2008 12:38 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I AGREE ON WHAT YOU SAID iamwith
Anonymous Coward
User ID: 408725
United States
04/06/2008 12:40 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
"WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!"

DUH!
Anonymous Coward
User ID: 408080
Spain
04/06/2008 12:41 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
bsflag bsflag bsflag bsflag bsflag bsflag
re
User ID: 233695
United Kingdom
04/06/2008 12:44 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
This is what happens when you don't listen to me dude ...!

Your correct this is just the start ... WE will no longer keep you in mortgages living our lives and doing it badly.

It is our money you have been spending for far to long now and its going to stop ...!

ohyeah

I have warned you a number of times and to only rudeness and laughter.

Now it's time for US to live some and have some fun ....!

speedbanan


BYE GREEDY GREEDIES

regards
JF
Anonymous Coward
User ID: 401418
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04/06/2008 12:48 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I don't think the media or the government is giving us the full details of what is actually going on,
 Quoting: OP 378100


They aren't?? Oh, my! Whatever could have given you that silly notion?
XLR8

User ID: 396336
United States
04/06/2008 12:53 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
bsflag bsflag bsflag bsflag bsflag bsflag
 Quoting: Anonymous Coward 408080


greetings, mr/mrs bs flag raising arrogant sheep.

better hope and pray you'll be able eat those bs flags. or use them as a heating source. or fill your gas tank with them. calling bs on the serious nature of our economic situation is foolish. you, sir/madam are ill informed. no pity or mercy for your ilk. stupid is as stupid does. no mercy for fools.
Czar: 1) An unelected person given substantial authority over a particular policy; 2) sometimes used to refer to monarchs of imperial Russia.
----------
“A government big enough to give you everything you want, is big enough to take away everything you have.” - Thomas Jefferson
SearchingWithin

User ID: 409059
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04/06/2008 12:54 PM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
WELL OF COURSE SOMETHING BIG IS GOING TO HAPPEN. I thought you would already know that Einstein proved that for every positive or negative action, there is an opposite and equal reaction. Hence, the market soared for a few years, and now its time for a depression for a few years. Don't let the natural beautiful cycle of life fear you. I think that it's gods way of showing us, one day you have everything, and the next it is all gone. Therefore, all we have is each other!! peace and love to all yall!
sccs585
User ID: 528637
United States
10/17/2008 04:42 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
well let it be what ever happens happens oooo well hope they fix this fast with all the money they pocket wtf
Anonymous Coward
User ID: 520630
United Kingdom
10/17/2008 05:02 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I will warn u all - if any of u little GLP losers try and take any of my resources, u will feel pain and no mercy.
Anonymous Coward
User ID: 528208
United States
10/17/2008 05:14 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I will warn u all - if any of u little GLP losers try and take any of my resources, u will feel pain and no mercy.
 Quoting: Anonymous Coward 520630

bsflag
Anonymous Coward
User ID: 472538
United States
10/17/2008 09:13 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Lowering overhead cost for a new buyer,or the ship is sinking fast.Start jobing hunting now.Do you think you will have a job in 2009,if they are hanging on by fingernails.Playing with light bulbs tells you the whole story
Anonymous Coward
User ID: 490889
United States
10/17/2008 09:18 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!

I have worked retail for several years. I am in mid-level store management right now. I don't want to say exactly what company I work for, but it is in the top 3 largest. I work at a store in a major city.

YOU WORK AT WALMART. MY WIFE WAS ONE OF THE (FORCE TO QUIT)FORTUNATE ONES.
Anonymous Coward
User ID: 506323
United States
10/17/2008 09:21 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
bsflag bsflag bsflag bsflag bsflag bsflag


greetings, mr/mrs bs flag raising arrogant sheep.

better hope and pray you'll be able eat those bs flags. or use them as a heating source. or fill your gas tank with them. calling bs on the serious nature of our economic situation is foolish. you, sir/madam are ill informed. no pity or mercy for your ilk. stupid is as stupid does. no mercy for fools.
 Quoting: XLR8


Its amazing to me given how serious this situation is. How it LOOKS JUST like 29 on the charts how we are headed into the 30s again that MORE people aren't stocking up NOW!!!! Do they think govt is gonna help them??? Govt didnt help people in houston or katrina or missipi floods. WISDOM can see what is coming. Thank you for posting a caution message I HOPE more people will get it!!!!!!
Anonymous Coward
User ID: 506323
United States
10/17/2008 09:22 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I have worked retail for several years. I am in mid-level store management right now. I don't want to say exactly what company I work for, but it is in the top 3 largest. I work at a store in a major city.

YOU WORK AT WALMART. MY WIFE WAS ONE OF THE (FORCE TO QUIT)FORTUNATE ONES.
 Quoting: Anonymous Coward 490889


When he mentioned overnight I knew it was walmart.
Anonymous Coward
User ID: 520867
Netherlands
10/17/2008 09:24 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Nothing to worry about, the economy is doing fine.
Anonymous Coward
User ID: 505734
United States
10/17/2008 09:32 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
From what the OP described, the store sounds like Target. They call each other team members, sell electronics and consumables, and are in the top three. Wally calls each other associates, so its not them.

I work for one of the countries largest grocery distributers, and people are cutting down on food as well. Non food items are dead in the water, its all gone back to basics. Christmas will be a huge bust this year (up to 60% of yearly sales for some), unless something drastic happens, or consumers just say fuck it, and go out in a blaze of glory, thinking it can't get any worse, the planet will be broke in January, might as well get what I can, while I can.

Wanna talk discounts, I sold a retailer, a four foot organic spice set (24 flavors, six of each), for .24 cents total, just so it would not show up as a non mover on the books.
Anonymous Coward
User ID: 490889
United States
10/17/2008 09:43 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Nothing to worry about, the economy is doing fine.
 Quoting: Anonymous Coward 520867



i was just informed to stop working on my portion of a large project. cancelled!!! 5 months down the tubes
Anonymous Coward
User ID: 524191
United Kingdom
10/17/2008 09:44 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Anonymous Coward
User ID: 528768
United States
10/17/2008 09:46 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
the only reason things haven't gotten worse yet was the government bailed out the consumers with the stimulous checks that stalled the coming collapse.
Princess Bride

User ID: 528774
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10/17/2008 09:53 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
Fine, I talked to someone that works at WalMart. She noticed a lot of empty shelves that are not being filled. Her manager told her that the store buys inventory on a line of credit and that the line was cut so they could not order product to fill those shelves. Her manager also told her that the store may not be open a year from now. They are saying that credit is unfreezing due to the bailout, but for how long? The under lying problems that caused this situation haven't been addressed.
Heart of the heroes, ride.
Up through an empty house of stars,
Being what heart you are,
Up the inhuman steeps of space
As on a staircase go in grace,
Carrying the firelight on your face
Beyond the loneliest star.
"The Ballad Of The White Horse,"
G. K. Chesterton
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Princess Bride

User ID: 528774
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10/17/2008 09:56 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
One more thing, all this after WalMart came into small and mid-sized towns all over the country and ran all the little businesses out of business. Now WalMart might go. Then what? All those little guys that had their specialties are gone.
Heart of the heroes, ride.
Up through an empty house of stars,
Being what heart you are,
Up the inhuman steeps of space
As on a staircase go in grace,
Carrying the firelight on your face
Beyond the loneliest star.
"The Ballad Of The White Horse,"
G. K. Chesterton
spam [link to lunarose47.wordpress.com] blog[/url]
spam [link to w11.haters]
TheFireman

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10/17/2008 09:57 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
My girlfriend works for a very large home healthcare company and they just cut some of the mid-level postions and increased the workload for others.
"The Facade" by Michael S. Heiser . . . most people don't want the truth... they're looking for answers to confirm their prejudices.
Anonymous Coward
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United States
10/17/2008 09:59 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
I think this deserves a bump.
Anonymous Coward
User ID: 527862
United States
10/17/2008 10:00 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
This story is akin to the Bank of America bank closure rumours, complete with make-signs to post on the bank doors.
Anonymous Coward
User ID: 527862
United States
10/17/2008 10:02 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
newsflash newsflash newsflash newsflash newsflash

Sales tend to decrease in a recession.
Anonymous Coward
User ID: 505734
United States
10/17/2008 10:07 AM
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Re: WARNING: SOMETHING VERY BIG IS GOING TO HAPPEN TO OUR ECONOMY!! MUST SEE!
One more thing, all this after WalMart came into small and mid-sized towns all over the country and ran all the little businesses out of business. Now WalMart might go. Then what? All those little guys that had their specialties are gone.
 Quoting: Princess Bride



And thats exactly what everyone warned these towns about years ago. They saw a quick tax base, at the expense of the local retail economy. The taxes at a new Wally only hold up for 5 years in a good economy, then start to reverse themselves, as the towns local reatailers go under. Can't say they were not warned, many times.
watcher09

User ID: 528780
Canada
10/17/2008 10:07 AM
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good find op.
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