• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Sam’s Club C.E.O. on the Company’s High Sales and Low Wages

by

But one of the benefits I got in being on the finance side was a really thorough understanding of the profit and loss and balance sheet and how that all hangs together. It enabled me to take strategy and pull it apart and say: “Well, what are the objectives? And what are the prices we’ve put in place to be able to achieve those objectives?”

What were the biggest changes you made in stores and in warehouses as a result of the pandemic?

There was a lot of tactical decisions we had to make very early on: metering people into the club, the request for associates to wear masks, health screening every day, plexiglass that we had to put in appropriate places, decals on the floor. There was just such an exhaustive list.

We also wanted to give members confidence that they could trust our standards. Like, “Let’s make sure that in the first 10 feet of walking into Sam’s Club, they see us wiping down a cart.” We’re spraying them outside, but that doesn’t necessarily mean the member knows that they’ve been sprayed down. So let’s make sure that we also wipe them down so that the member knows they can have confidence.

How are you dealing with the issue of masks at a moment when states are lifting restrictions?

When a member turns up at the club, we will ask them to wear one. We will have one there to offer to them. If somebody is adamant that they don’t want to wear one, then we will continue to offer it to them.

What we’ve been trying to do is protect the safety of our associates and make sure that we’re not putting them into a conflict point. We’ve tried to make sure that we de-escalate and contain issues rather than have them escalate. I would say a majority of members comply. Most of them, if you ask them once or twice, will put a mask on.

How have people’s shopping habits changed over the past year?

We have seen periods that we called “carbs and calories,” where people would just buy up pizza, ice cream, potato chips. It was almost like they were looking for indulgence in food that they couldn’t get through experiences outside of the home. We’ve certainly seen a resurgence in people nesting and home improvement, yard improvement, outdoor entertaining. People are like, “How do I make my home my castle?”

Help me understand why it’s hard for a company like Walmart to get to the point where it’s supporting a minimum wage of $15 an hour.

View Source

Filed Under: BUSINESS Tagged With: Business Roundtable, Executives and Management (Theory), Food, Health, Home Improvement, Labor and Jobs, Masks, Minimum Wage, safety, Sam's Club, Shopping and Retail, Wages, Wages and Salaries, Walmart Stores Inc

Primary Sidebar

More to See

Built in 1682, a Center-Chimney Colonial Is the Week’s Oldest Home

An affordable center-chimney Colonial in Glastonbury, CT, is the oldest property to hit the market this week on Realtor.com®.Offered at a steep … [Read More...] about Built in 1682, a Center-Chimney Colonial Is the Week’s Oldest Home

Nissan Bets On Electric Again With Ariya And Qashqai E-POWER – First Drives

Nissan was one of the early pioneers of the electric car. The Leaf has now sold over 600,000 units worldwide since its launch in 2011 and is still … [Read More...] about Nissan Bets On Electric Again With Ariya And Qashqai E-POWER – First Drives

Ill-Prepared for Combat, Volunteers Die in Battles Far From Home

RUDNE, Ukraine — Yurii Brukhal, an electrician by trade, didn’t have a very dangerous role when he volunteered for Ukraine’s territorial defense … [Read More...] about Ill-Prepared for Combat, Volunteers Die in Battles Far From Home

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy