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Wal-Mart Quietly Raises Prices
"Wal-Mart Stores (WMT), which for years has touted its prowess at lowering prices, has been doing the opposite as it tries to bolster its bottom line amid stagnating sales.
A JPMorgan Chase (JPM) study of a Walmart Supercenter in Virginia found that the world's largest retailer has raised prices by nearly 6% on average over the past six weeks, according to the New York Post. Reuters says it was the biggest sequential increase since JPMorgan started the study in January 2009.
Some Prices Hiked Over 60%
Some of the price hikes were considerably larger. For instance, the price of a 32-ounce bottle of Windex household cleaner jumped 50%, a 12-ounce box of Quaker Oats instant grits climbed 65% and a 50-ounce container of Tide detergent rose by more than 50%. A spokesperson for the Bentonville, Ark., company could not immediately be reached for comment."
In January, the Supreme Court ruled that corporations can spend unlimited $$ in our elections.
In July, Target gave $150,000 to the anti-gay, anti-worker candidate for Gov. of MN.
Last week, a quarter million people pledged to boycott Target.
I like how the store flunky tried to cover the camera with his hand.
Wal-Mart Quietly Raises Prices
"Wal-Mart Stores (WMT), which for years has touted its prowess at lowering prices, has been doing the opposite as it tries to bolster its bottom line amid stagnating sales.
A JPMorgan Chase (JPM) study of a Walmart Supercenter in Virginia found that the world's largest retailer has raised prices by nearly 6% on average over the past six weeks, according to the New York Post. Reuters says it was the biggest sequential increase since JPMorgan started the study in January 2009.
Some Prices Hiked Over 60%
Some of the price hikes were considerably larger. For instance, the price of a 32-ounce bottle of Windex household cleaner jumped 50%, a 12-ounce box of Quaker Oats instant grits climbed 65% and a 50-ounce container of Tide detergent rose by more than 50%. A spokesperson for the Bentonville, Ark., company could not immediately be reached for comment."
In January, the Supreme Court ruled that corporations can spend unlimited $$ in our elections.
In July, Target gave $150,000 to the anti-gay, anti-worker candidate for Gov. of MN.
Last week, a quarter million people pledged to boycott Target.
I like how the store flunky tried to cover the camera with his hand.
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