 Walmart Reports First Ever Drop In Revenue — Does Greed Finally Have A Limit?Walmart has become the perfect symbol of the corporate greed strangling much of the planet. From putting tens of thousands of mom and pop stores out of business, union-busting, gender wage discrimination and utilizing slave labor in developing nations, Walmart has used its power to make the lives of millions of people miserable. And that s BEFORE you include leeching billions in taxpayer money by forcing their workers to live off of government assistance. All so a handful of billionaires can get even richer.But it looks like unrestrained greed can only get you so far:For the first time ever   or at least since the company went public some 45 years ago   Walmart s revenues shrank from the year before, according to its annual financial filing released Wednesday.Walmart is clearly having trouble adapting its gigantic stores to the Internet age. To be sure, it is a retail juggernaut that brings in half a trillion dollars (that s right, trillion) in sales every year. And with more than 11,500 stores in 28 countries,there s no way it will disappear anytime soon. Though Walmart shares were a safe haven in the rocky start of 2016, investors are pricing in more weakness. The stock has fallen behind retail competitors and the broader market.In February, Walmart lowered its annual net sales growth forecast to  relatively flat,  from earlier guidance that called for an increase of as much as 4 percent (the company has pointed out that previous guidance didn t account for currency changes, which have stung the global retailer).Ironically, part of this drop in revenue is due to Walmart focusing less on cutting operating expenses (like those pesky  salaries  that workers are always complaining about) and actual increased the pay for 1.2 million workers earlier this year.While a Republican might point to this and scream,  AHA! PROOF that paying the peons, I mean  valuable employees,  more is BAD for business! , less insane people would point out that a workforce of 1.2 million people that have more money will almost certainly spend some of that money at a store that carries most of the stuff they need. Like, for instance, Walmart?These hypothetical less crazy people might also point out that paying 1.2 million people more money would boost the economy and that a healthier economy means more people have more money to spend at places like, for instance again, Walmart. Because let s be honest, Walmart is not paying more out of the goodness of its cold, calculating corporate heart.It s too much to hope that the embodiment of everything wrong with unrestrained capitalism will go out of business and, frankly, that would be an unemployment disaster, but we can hope for a steady decline and THEN a collapse. I would also be happy if Walmart s board simply had an epiphany that crushing the middle class is not a viable long term strategy. Sure, paying a living wage would mean the shareholders would make less money but if the alternative is eventually going out of business because there s not enough demand, it would be more than worth the short term sting.Either way, let s hope this dip in revenue is the start of something good for America and the world.Featured image via AI archivesNews
walmart reports first ever drop in revenue does greed finally have a limit walmart become perfect symbol corporate greed struggling much planet from putting tens thousands mom pop stores business gender wage discrimination utilizing slave labor developing nations walmart used power make lives millions people miserable and before include teaching billions taxpayer money forcing workers live government assistance all handful billionaires get even looks like restrained greed get far for first time ever least since company went public years ago walmart revenues shrink year according annual financial filing released clearly trouble adapting gigantic stores internet age to sure retail juggernaut brings half trillion dollars right trillion sales every year and stores countries way disappear anytime soon though walmart shares safe rocky start investors pricing weakness the stock fallen behind retail competitors broader february walmart lowered annual net sales growth forecast relatively flat earlier guidance called increase much percent company pointed previous guidance account currency changes stung global retailer part drop revenue due walmart focusing less cutting operating expenses like desk salaries workers always complaining actual increased pay million workers earlier republican might point scream aha proof paying pens i mean valuable employees bad business less insane people would point workforce million people money almost certainly spend money store carries stuff need like instance walmart these hypothetical less crazy people might also point paying million people money would boost economy healthier economy means people money spend places like instance walmart because let honest walmart paying goodness cold calculating corporate much hope embodiment everything wrong restrained capitalism go business frankly would unemployment disaster hope steady decline then collapse i would also happy walmart board simply epiphany crushing middle class viable long term strategy sure paying living wage would mean shareholders would make less money alternative eventually going business enough demand would worth short term way let hope dip revenue start something good america image via ai archivesnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  Walmart Reports First Ever Drop In Revenue — Does Greed Finally Have A Limit?Walmart has become the perfect symbol of the corporate greed strangling much of the planet. From putting tens of thousands of mom and pop stores out of business, union-busting, gender wage discrimination and utilizing slave labor in developing nations, Walmart has used its power to make the lives of millions of people miserable. And that s BEFORE you include leeching billions in taxpayer money by forcing their workers to live off of government assistance. All so a handful of billionaires can get even richer.But it looks like unrestrained greed can only get you so far:For the first time ever   or at least since the company went public some 45 years ago   Walmart s revenues shrank from the year before, according to its annual financial filing released Wednesday.Walmart is clearly having trouble adapting its gigantic stores to the Internet age. To be sure, it is a retail juggernaut that brings in half a trillion dollars (that s right, trillion) in sales every year. And with more than 11,500 stores in 28 countries,there s no way it will disappear anytime soon. Though Walmart shares were a safe haven in the rocky start of 2016, investors are pricing in more weakness. The stock has fallen behind retail competitors and the broader market.In February, Walmart lowered its annual net sales growth forecast to  relatively flat,  from earlier guidance that called for an increase of as much as 4 percent (the company has pointed out that previous guidance didn t account for currency changes, which have stung the global retailer).Ironically, part of this drop in revenue is due to Walmart focusing less on cutting operating expenses (like those pesky  salaries  that workers are always complaining about) and actual increased the pay for 1.2 million workers earlier this year.While a Republican might point to this and scream,  AHA! PROOF that paying the peons, I mean  valuable employees,  more is BAD for business! , less insane people would point out that a workforce of 1.2 million people that have more money will almost certainly spend some of that money at a store that carries most of the stuff they need. Like, for instance, Walmart?These hypothetical less crazy people might also point out that paying 1.2 million people more money would boost the economy and that a healthier economy means more people have more money to spend at places like, for instance again, Walmart. Because let s be honest, Walmart is not paying more out of the goodness of its cold, calculating corporate heart.It s too much to hope that the embodiment of everything wrong with unrestrained capitalism will go out of business and, frankly, that would be an unemployment disaster, but we can hope for a steady decline and THEN a collapse. I would also be happy if Walmart s board simply had an epiphany that crushing the middle class is not a viable long term strategy. Sure, paying a living wage would mean the shareholders would make less money but if the alternative is eventually going out of business because there s not enough demand, it would be more than worth the short term sting.Either way, let s hope this dip in revenue is the start of something good for America and the world.Featured image via AI archivesNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: walmart reports first ever drop in revenue does greed finally have a limit walmart become perfect symbol corporate greed struggling much planet from putting tens thousands mom pop stores business gender wage discrimination utilizing slave labor developing nations walmart used power make lives millions people miserable and before include teaching billions taxpayer money forcing workers live government assistance all handful billionaires get even looks like restrained greed get far for first time ever least since company went public years ago walmart revenues shrink year according annual financial filing released clearly trouble adapting gigantic stores internet age to sure retail juggernaut brings half trillion dollars right trillion sales every year and stores countries way disappear anytime soon though walmart shares safe rocky start investors pricing weakness the stock fallen behind retail competitors broader february walmart lowered annual net sales growth forecast relatively flat earlier guidance called increase much percent company pointed previous guidance account currency changes stung global retailer part drop revenue due walmart focusing less cutting operating expenses like desk salaries workers always complaining actual increased pay million workers earlier republican might point scream aha proof paying pens i mean valuable employees bad business less insane people would point workforce million people money almost certainly spend money store carries stuff need like instance walmart these hypothetical less crazy people might also point paying million people money would boost economy healthier economy means people money spend places like instance walmart because let honest walmart paying goodness cold calculating corporate much hope embodiment everything wrong restrained capitalism go business frankly would unemployment disaster hope steady decline then collapse i would also happy walmart board simply epiphany crushing middle class viable long term strategy sure paying living wage would mean shareholders would make less money alternative eventually going business enough demand would worth short term way let hope dip revenue start something good america image via ai archivesnews