Just saw on our local NBC news in Tampa, FL that Walmart suddenly closed the Brandon store due to "plumbing issues" for at least 6 months. NOW, at the same day today, another 5 stores around the country closed also for, you got it, plumbing issues. BUT folks, here is the kicker - all the employees at these 6 stores have been laid off permanently.
Questions -
Why did the Walton family a few days ago sell 6% stock ownership to buy 'tangible assets?"
Why 6 months? Could it be something far more significant going on with the company?
And why just admit Walmart you closed stores due to drop in business activity not this plumbing nonsense?
And if you were planning to reopen these stores, why did Walmart layoff all these employees suddenly?