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Any Corporate Accountants?

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Any Corporate Accountants?

Unread postby AgentR » Wed 25 Oct 2006, 20:29:11

Sales, month to month, would be pretty darn hard to fudge in a retail environment as large as Walmart; and a 1% increase is quite anemic.

Just too many solid paths for auditing down to ground truth.

And yes, I spent a few years as a corporate/retail staff accountant. However, I've since moved on to better things.
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Re: Any Corporate Accountants?

Unread postby Denny » Wed 25 Oct 2006, 23:22:26

I can't see an easy way it could be anything but nominal. Wal-Mart can't apply an index against each commodity it sells to discount inflation from the selling price to establish a "real" figure. And, there is no real reporting reason its accounting system would need to do that in the first place.
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Re: Any Corporate Accountants?

Unread postby Vexed » Wed 25 Oct 2006, 23:33:15

But Wall Street is a funny thing.

Dow surges again paced by Wal-Mart to 12100

"The picture being painted is pretty easy to suggest that the pressure on the economy from higher oil prices is easing," said Richard Cripps, chief market strategist at Stifel Nicolaus.

Wal-Mart said it will be more selective about where it will open stores, though it still plans 600 new locations next year. The retailer was the Dow's biggest advancing stock."

If oil drops to 10/barrel maybe eveyone will be shopping at Neiman Marcus and Wal-Mart's stock will go to a thousand.
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Re: Any Corporate Accountants?

Unread postby AgentR » Wed 25 Oct 2006, 23:36:08

$this->bbcode_second_pass_quote('Gideon', 'I')f you're right, Denny, then it means that Walmart sales are down 2 to 4 percent from last year. That's, IMO, telling.


You're asking about an inflation adjustment. I never heard of anyone applying a CPI factor when comparing same-store sales; and you're right, that means less value moved in and out of particular walmart stores.

There may be a bit of cannibalism going on though; in some places I think the density of Walmarts has caused potential for folks to split their walmart purchases between an old store, and a new store.

For instance, I used to have only one convenient walmart, now there are three, though I only buy stuff from two of them.
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Re: Any Corporate Accountants?

Unread postby Vexed » Thu 26 Oct 2006, 02:43:49

$this->bbcode_second_pass_quote('', 'F')or instance, I used to have only one convenient walmart, now there are three, though I only buy stuff from two of them.


Wal-Marts scare the hell out of me. Maybe its only the lighting that makes them seem dirtier than most discount stores. I have gone to a few (the prices are damn good!) but the parking lots are always maddening, the smell of McDonalds as I enter the door is always fairly nauseating, and on every rare trip I have made to Wal-Mart there has always been one time-stretching moment when I am inexorably pinned down by a family of at least 9 in some god forsaken aisle.

Otherwise, pretty decent shopping experience.
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Re: Any Corporate Accountants?

Unread postby The_Toecutter » Thu 26 Oct 2006, 02:57:17

It's pretty fun to walk into a Walmart while drunk and/or stoned and harass all those inbred-looking or mentally-handicapped appearing people. But I don't shop there.
The unnecessary felling of a tree, perhaps the old growth of centuries, seems to me a crime little short of murder. ~Thomas Jefferson
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Re: Any Corporate Accountants?

Unread postby Vexed » Thu 26 Oct 2006, 03:15:21

$this->bbcode_second_pass_quote('The_Toecutter', 'I')t's pretty fun to walk into a Walmart while drunk and/or stoned and harass all those inbred-looking or mentally-handicapped appearing people. But I don't shop there.


I don't know why anyone does.

There used to be downtowns where folks would walk from store to store and talk to mom and pop owners, and learn to trust who they bought from.

Now, now it is Wal-Mart. I mean look at the above post folks have more than one they can go too these days. The market must be near saturated.
Last edited by Vexed on Thu 26 Oct 2006, 03:24:36, edited 1 time in total.
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Re: Any Corporate Accountants?

Unread postby Vexed » Thu 26 Oct 2006, 03:29:39

Sucks to be insensitive. My bad.
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Re: Any Corporate Accountants?

Unread postby PolestaR » Thu 26 Oct 2006, 03:45:07

Walmart... both the epitome of capitalism... and the reason why it's the worst plague since the black death.

Anything which can spread like a virus is well adapted to it's environment... my only question is where does it end? Where does outsourcing end? Are people so naive to not know that loss of jobs can only occur to some extent before problems set in? I have heard no one talk about where the line is.. and it's important to know it isn't it?
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Re: Any Corporate Accountants?

Unread postby Denny » Thu 26 Oct 2006, 10:48:22

$this->bbcode_second_pass_quote('Vexed', 'W')al-Marts scare the hell out of me. Maybe its only the lighting that makes them seem dirtier than most discount stores. I have gone to a few (the prices are damn good!) but the parking lots are always maddening, the smell of McDonalds as I enter the door is always fairly nauseating, and on every rare trip I have made to Wal-Mart there has always been one time-stretching moment when I am inexorably pinned down by a family of at least 9 in some god forsaken aisle.

Otherwise, pretty decent shopping experience.


I recall as a kid, shopping in the city was a "dress up" experience. I remember my Mom with a dress and heels and Dad often at least wearing a sports coat. I also remember seeing in National Geographic these warehouse kind of shopping places that the poor Soviet people were subjected to. Dim lighting and general chaos, no real service. Not something you'd want to get dressed up for, that's for sure.

Now, here we are forty years later and it seems that pursuit of the lowest cost has driven us to their old standard.
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Re: Any Corporate Accountants?

Unread postby AgentR » Thu 26 Oct 2006, 10:59:50

The amount of liberal elitist fluff on this thread is really eye opening.

A doomer board full of people that will pay $40 for a shirt. I think my head is trying to explode.

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Re: Any Corporate Accountants?

Unread postby JustinFrankl » Thu 26 Oct 2006, 11:31:16

$this->bbcode_second_pass_quote('AgentR', '')$this->bbcode_second_pass_quote('Gideon', 'I')f you're right, Denny, then it means that Walmart sales are down 2 to 4 percent from last year. That's, IMO, telling.


You're asking about an inflation adjustment. I never heard of anyone applying a CPI factor when comparing same-store sales; and you're right, that means less value moved in and out of particular walmart stores.

Such a CPI factor application is not the domain of corporate accountants, but rather their partners-in-crime, the financial analysts and actuaries.

$this->bbcode_second_pass_quote('', 'T')here may be a bit of cannibalism going on though; in some places I think the density of Walmarts has caused potential for folks to split their walmart purchases between an old store, and a new store.

For instance, I used to have only one convenient walmart, now there are three, though I only buy stuff from two of them.

Within 20 minutes of me there are 2 Targets, 1 Target Greatland (mega-Target), 1 Sam's Club, 1 CostCo, and 3 Walmarts.
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Re: Any Corporate Accountants?

Unread postby ColossalContrarian » Thu 26 Oct 2006, 12:06:48

$this->bbcode_second_pass_quote('AgentR', 'T')he amount of liberal elitist fluff on this thread is really eye opening.

A doomer board full of people that will pay $40 for a shirt. I think my head is trying to explode.

Gack.


agreed, lots of snobs on this board! I can't wait to ransack their homes and steel there hummers to take for a joy ride through upper income neighborhood back yards (and homes -if hummers can plow through their $400K+ homes)

putting down us low income folks who shop there because IT'S ALL WE CAN AFFORD!!!

fu!
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Re: Any Corporate Accountants?

Unread postby Denny » Thu 26 Oct 2006, 12:08:05

$this->bbcode_second_pass_quote('AgentR', 'T')he amount of liberal elitist fluff on this thread is really eye opening.

A doomer board full of people that will pay $40 for a shirt. I think my head is trying to explode.

Gack.



If your response is to my post about the drift to the Soviet warehouse style of shopping, I should point out that my Dad worked in a factory and did some farming on the side. My Mom was a full time Mom. So, yes things have changed.

The family shopping trips were not weekly events, they were more like monthly or bimonthly ones.

And, if we paid $40 today for a shirt, but it lasts and it kept people in work here, maybe that would not be such a bad trade off. I think my Dad only had about three dress shirts. It worked for him as he only wore them on Sundays or to family formal events.
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Re: Any Corporate Accountants?

Unread postby AgentR » Thu 26 Oct 2006, 14:25:00

$this->bbcode_second_pass_quote('Denny', 'A')nd, if we paid $40 today for a shirt, but it lasts and it kept people in work here, maybe that would not be such a bad trade off. I think my Dad only had about three dress shirts. It worked for him as he only wore them on Sundays or to family formal events.


Yet another way to suck money out of the lower middle class. A belief that expensive clothes will last longer, or make people think they are successful.

They don't. And. They won't.
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Re: Any Corporate Accountants?

Unread postby PenultimateManStanding » Thu 26 Oct 2006, 14:48:38

$this->bbcode_second_pass_quote('pstarr', 'w')almart is skeevy. it stinks. and the aisles are paved with plastic that are decomposing and releasing (off-gassing) phenyls and other epoxy resin, hardeners, and additives.

The products (small gift items and appliances) contain salts and other extrudents from the line workers who sweat over them. This perspiration contains odorants 2-methylphenol (o-cresol) and 4-methylphenol (p-cresol). These substances are released when constant fear and stress induced by middle managers reaches psycotropic levels.

The parking lots are designed to trap RV refuse. The policy to allow these traveling circus animals and families to camp outside is designed to breed additional workers. The union regulation forbade child labor but people who are born on the premise age prematurely so the constant pool of RV kids replenish the workforce.

Walmart management comes from Arkansas, America. They have Nascar brains and Walmart slogans in their hearts. They are coming to your town.
this is a very intriguing post, reminds me of the writer Thomas Pynchon. premature aging of kids born in RVs in the Walmart parking lot! LOL.
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