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Stockreport

Asda puts over 150 jobs at risk after Christmas sales slump [Yahoo! Finance]

Walmart Inc. (WMT)  More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The Telegraph reported that the chain is planning to remove over 80 managerial posts alongside multiple warehouse roles as part of wider cost-cutting across several major distribution centres. Proposals outlined in the report include scaling back staff responsible for delivery handling at larger warehouses and placing logistics employees in Yorkshire at risk, as parcel operations are partially outsourced to delivery company Evri. These steps follow a run of restructuring actions introduced over the past 18 months under chairman Allan Leighton. Last July, Asda reduced in-store middle management through widespread manager redundancies while hundreds of IT positions were eliminated last year after a failed technology upgrade. The report said that the retailer's market share fell to 11.4% in the 12 weeks to 28 December after sales declined by 4.2%, making it the only major UK supermarket to record a drop in Christmas trading. Consultations are underway to determine the final nu [Read more]
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Stockreport

Asda puts over 150 jobs at risk after Christmas sales slump [Yahoo! Finance]

Walmart Inc.  (WMT) 
More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The Telegraph reported that the chain is planning to remove over 80 managerial posts alongside multiple warehouse roles as part of wider cost-cutting across several major distribution centres. Proposals outlined in the report include scaling back staff responsible for delivery handling at larger warehouses and placing logistics employees in Yorkshire at risk, as parcel operations are partially outsourced to delivery company Evri. These steps follow a run of restructuring actions introduced over the past 18 months under chairman Allan Leighton. Last July, Asda reduced in-store middle management through widespread manager redundancies while hundreds of IT positions were eliminated last year after a failed technology upgrade. The report said that the retailer's market share fell to 11.4% in the 12 weeks to 28 December after sales declined by 4.2%, making it the only major UK supermarket to record a drop in Christmas trading. Consultations are underway to determine the final nu [Read more]
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WMT
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Price Change
Price Change %
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
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%
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS