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April 15, 2006
Wal-Mart Suffers Slowing Sales, Drop in Stock Price
Empty parking lots could force Wal-Mart to reconsider its practices
Calls for consumers to avoid shopping at Wal-Mart appear to be hurting the 800-lb. gorilla of RFID. The Associated Press is reporting that the remorseless retail goliath is cutting back on inventory in its stores as it "struggles with slowing sales and disappointing profit growth." The AP also reports that "Wal-Mart's stock price has fallen 6 percent during the past 12 months."
This cut-back in inventory will hurt RFID proponent Procter & Gamble, as well, the AP reports. Sales to Wal-Mart represented 16 percent of P&G's total 2005 revenue.
This news has appeared in several papers, including an April 14 story in The Akron Beacon Journal: http://www.ohio.com/mld/beaconjournal/business/14341310.htm
Thanks to those of you who are voting against Wal-Mart and Procter & Gamble RFID plans by shopping elsewhere and switching to more privacy friendly brands. As we all work together, we are having a palpable impact on manufacturers and retailers that refuse to take consumer privacy and civil liberties concerns seriously.
-Liz McIntyre
Posted by liz at April 15, 2006 1:38 PM
Comments
Walmart is going through with their plans of RFID. I personally don't agree with the idea of having merchandise chipped when it could be used against you known as spying.
Don't we have enough of that on the internet now we must face it in front of us in our everyday life. Somebody call the Spyblockers! I am an employee for Walmart and when I saw those scanners for RFID I just couldn't believe it.
I rather be dead that having my own flesh chipped and having the government or whomever spy on our every move. Congress really needs to reconsider these practices and completely ban any kind chipping including merchandise.
There have been times when I have walked out pf Walmart and oops the sensor tag wasnt deactivated. What would happen if the RFID chip was not deactivated? am I a thief then?
I am opposed to these practices as they also go against our religion as well. Walmart might as well be called Satansmart.
Posted by: Seth at February 11, 2007 12:13 AM