All Articles Tagged "Sam’s Club"
Savings may be simple at Sam’s Club as its slogan says. But keeping a job there isn’t right now. The store, which is under the Wal-Mart umbrella, is letting go of 2,300 workers from its 630 stores, the Wall Street Journal is reporting.
The cutbacks, which equals about two percent of the workforce, will be across the board, affecting middle managers and hourly workers. This is the company’s biggest series of layoffs in four years. Membership-based warehouse chain Sam’s Club currently has 116,000 employees.
“Over the years, we’ve migrated to a top-heavy structure in our management,” Sam’s Club Chief Executive Rosalind Brewer told the Journal. “What this does is align the number of assistant managers to the sales of the club and to where our growth areas are.”
For example, in the store’s fresh goods area, which previously had six separate assistant managers, will now have more senior and higher-paid managers to handle a meat and deli block, a grocery and produce section and a bakery and cafe segment. “We’re rightsizing the number of managers per club, aligning it more appropriately to the revenue of the club,” spokesman Bill Durling told The Los Angeles Times.
As far as hourly workers, some of the cuts include some telephone attendants who will lose their positions to automation.
Affected workers will receive regular salary for 60 days, according to Durling. And workers who can not find other positions within the Wal-Mart family will be eligible for severance.
The chain has been faring well. It earned $14.1 billion in sales during its third quarter, ending October 25. It was a good chunk of Wal-Mart Stores’ total gross of $114.9 billion. Sam’s Club stores also saw its traffic increase as it rose 2.4 percent versus the same quarter in 2012. However the amount spent per visit dropped 1.3 percent.
Despite the layoffs, Sam’s Club will open 15 new clubs this year.
Fortune‘s list of the 50 most powerful women in business includes a few women of color, among them Ursula Burns, CEO of Xerox at number 13; Rosalind Brewer, the CEO and president of Sam’s Club, a Wal-Mart company, at number 15; and Shonda Rhimes at number 50.
The list notes that Burns’ Xerox makes more than half of its $22 billion in revenue from business services other than copying. We spoke with Burns, the first African-American woman to lead a Fortune 500 company, this summer before she received the Prism Award for Graphic Communications Management and Technology. “At all levels of leadership, we’re starting to see more and more women and African-American males. We’re just at the start. It’s evolutionary, not revolutionary,” she told us.
Brewer is head of a $56.4 billion company, one of three companies in the Wal-Mart behemoth. Not only is she driving up the numbers for Sam’s Club, which would be a Fortune 500 company on its own, she’s also a board member for Lockheed Martin, a company that also appears on this list of powerful women a couple of times. (Marillyn Hewson, the defense contractor’s CEO and president, is number four on the list.)
And of course we know who Shonda Rhimes is. One of the few women in the entertainment business to appear on the list, Rhimes is also among the youngest at 43 years old. (Marissa Mayer, 38, Yahoo’s CEO at number eight and Marianne Lake, JPMorgan’s 44-year-old CFO at number 49, are a couple of the others.) Not only are Rhimes’ shows — Scandal and Grey’s Anatomy — generating dollars for Disney’s ABC network, Fortune cites her impact on pop culture. In a related story, Rhimes says that the secret sauce for a show like Scandal is hard work. “You’re forced to innovate. There’s no resting on laurels,” she says.
Total aside, but when a fan asked whether Mellie will be given a love interest so that Fitz can see how he would react “to the table being turned,” Rhimes says, “Fitz is Mellie’s love interest.” Gah!
Number one on the list is IBM’s chairman, president and CEO Ginny Rometty who’s been leading the century-old computer company for two years.
What is your monthly or yearly guilty pleasure? Is it your favorite women’s magazine, a great movie or television series on Netflix or becoming a wine aficionado as a wine club member? Although subscription services like cable, Hulu, magazines and newspapers could save you more money as a subscriber, it is also possible to save even more cash.
With the typical subscription service for your favorite magazine or streaming membership costing between $7.99 a month up to $80, you could find yourself paying too much for services you don’t need or consume on a regular basis (take your barely-used gym membership or cable movie bundle, for example).
There are plenty ways to save more on these types of services, giving you the most for your money. Here are just a few money-saving tips to wring back a few dollars from your subscription and membership services.
It’s so tempting when you’re rushing through Sam’s Club to pick up that 100 roll package of toilet paper but, sometimes buying in bulk just ends up being a waste of money. Here’s what you should and shouldn’t pick up at your local super sized store.
On Friday Reuters reports that Wal-Mart Stores Inc. has named Rosalind Brewer president and chief executive of Sam’s Club warehouse retail chain. This marks a historic time for both women and the black community in the corporate space. It is the first time that Wal-Mart, one of the world’s largest retailers, will have a woman and an African American heading one of its three business entities.
Friday was a successful day for two other women employees at Wal-Mart. Gisel Ruiz became the US chief operating officer and Karenann Terrell became Wal-Mart’s chief information officer. These promotions support its case that women are treated equally at the large corporation. Last year the US Supreme Court ruled against a class-action lawsuit brought on by women who claimed that female employees were subject to discrimination in receiving raises and promotions from the company.
Brewer graduated from Spelman College in 1984. She joined Wal-Mart as a regional vice president in 2006. Most recently Brewer headed Wal-Mart’s US East Coast operations. In this role she oversaw over $100 million in revenue each year and was responsible for more than 500,000 employees and nearly 1,600 stores. Sam’s Club is smaller than the Wal-Mart division Brewer previously supervised. It has 610 stores and last year brought in $49 billion in fiscal sales.
Brewer received the position shortly after her predecessor, Brian Cornell, decided he and his wife wanted to move back to the Northeast to be closer to their children. Brewer will begin her new position in Wal-Mart’s Bentonville, Arkansas base on February 1.