Take a closer look at the yellow tags as you receive them for price changes. Shocking, shameful and scamful how prices are hiked pre-Inventory so that the earnings report looks healthy post-inventory. This company has not learnt from the NYC-W&M scandal and the Whole-PayCheck stigma. For those in the know, i cannot be moe explicit. 'This leopard will not change its spots' - it may be too late when it does!
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@HQja8Fy you should go to college and take an accounting course or two so you understand how inventory (and revenue) work. Too many of you know it all millennials didn't need college and now you are stuck in a dead end job and blaming the company for your misfortune.
no wonder this company is having problems....you don't even understand how inventory works. You had it to easy for too long, you rode the wave. Now it's time to actually work for a living or get shown the door.
The price raising is no biggie..it's just a bit of retail "gamesmanship" ...the blurry area where fair is foul and foul is fair...I don't like to call it a price hike...I refer to it as a reverse sale
Inventory is counted at cost, however the process is only as accurate as the regional folks entering and updating the cost into the systems. So if prices are going up it is NOT to skew inventory but to increase sales revenue before the quarterly report for Wall Street comes out and make it look like we have taken less of a hit.
Post ID: @HQja8Fy-1snh ---thank you for clarifying this. I have no doubt they are doing anything and everything to make the company look good on paper. As an investor, I'd be worried. If I was an employee I'd be even more worried.
Duh, and more duh, here. I guess with 80k+ TMs there is going to be lots of, you know, duh...
Which they will when you dink and dunk...they won't notice... brilliant😉
That's true if the customer accepts the price hike
Inventory is counted at cost, however the process is only as accurate as the regional folks entering and updating the cost into the systems. So if prices are going up it is NOT to skew inventory but to increase sales revenue before the quarterly report for Wall Street comes out and make it look like we have taken less of a hit.
I don't work for WFM (at least not for a few years now), so I can't say exactly what's going on here. However, it's obvious the company is financially challenged to put it mildly. They've already shown themselves to be willing to stoop to even ripping off their own customers (weights & measures) so I wouldn't trust them. Nor would it surprise me if they engage in questionable accounting practices to make things look better than they are. It wouldn't surprise me at all.
Kind of a non-issue since Inventory is counted at cost not retail.
Your a lame for this post , totally not true you don't even make sense
I fail to see how putting items on sale is a cause for concern. I disagree with many things that happen at WFM, but this seems like an unfounded issue.
Sorry...that's.."you're"😃
Going to the media isn't very nice and might cost you your job...be wise..stay quiet....we know what we're doing...and know what your doing as well..
MGMNT
Send this info to a news outlet. They'd go crazy.