Trouble for Wal-Mart Stores, Inc. (WMT) As workers protest ahead of Black Friday
Wal-Mart Stores, Inc.(NYSE:WMT) could be headed for trouble at the start of the largest shopping season in the year, as workers are all set to strike against the low wages and long work hours.
Workers across 1,600 Walmart stores in the US announced the locations for the protests slated for Black Friday. Walmart is currently the largest private employer in the country but has been at the centre of controversies in the past few years over minimum wages.
The strike called by Walmart’s hour-based workers with the demand of increasing their hourly wage to $15 and for consistency in the full-time week employment.
Despite trouble Wal-Mart To match competitor prices
Wal-Mart Stores, Inc. (NYSE:WMT) has announced that will match competitor prices on certain products, ahead of the pre-Black Friday sales.
It will compete directly with Target Corporation (NYSE:TGT) for its block-buster deal for LCD HDTVs. Target has priced its $0” LCD HDTV at $115.
Wal-Mart Stores, Inc. (NYSE:WMT) will offer its PlayStation 4 deal, along with $50 gift card, ahead of the previously announced dates. Walmart also has other top gaming deals as well as further deals with TV deals such as LG and Sony 60” which are $78 lesser than $648 price tag.
The event named ‘Pre-Black Friday Event,’ 2014, offers a preview of the items which will carry the early price-matching offer. Last year there was no mention made of such offers and visitors had to satisfy curiosity only after they visited the stores. This time however there is more value and discounts available at Walmart, mention industry observers. Much of the focus will be on Target’s Element TV pricing of $119, LG’s 60” Plasma priced at $488. However, the best deal mentioned thus far is the $399 and $50 gift card on the PlayStation 4 deal.
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