Wal-Mart to cash tax rebate checks for free

[Robb]

Source: Reuters

NEW YORK (Reuters) - Wal-Mart Stores Inc unveiled plans on Tuesday to entice U.S. shoppers to spend their tax rebates in its discount stores, offering to cash the checks for free and saying it has cut prices on staple items such as cereal and lunch meat.

(snip)

Wal-Mart has cut prices on basic items like shampoo, juice and sports drinks to coincide with distribution of the rebates. It plans to announce more price cuts in coming weeks.

(snip)

Retailers are eyeing the rebates as a way of boosting business, and many have plans to get shoppers to spend the cash in their stores.

Sears Holdings Corp is offering a 10 percent bonus if customers convert their entire stimulus check into a Sears or Kmart gift card. For example, if the check is $600, Sears will give consumers gift cards for $660.

(more)

Read more: http://www.reuters.com/article/newsOne/idUSN2929266120080429

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Look! There's room at the bottom still! Go Wal-Mart! :eyes:

[panader0]

1. Doggone it, I'm getting direct deposit and won't have a check.

[ruby slippers]

13. me too, can we file a discrimination suit against Walmart?

[Theres-a]

17. You don't lose anything

They want the people so poor they have to pay check cashing fees to come cash at Walmart.Unless there is a fee for direct deposit,that is.

[nancyr]

2. Whee! I can stock up on Chinese lunch meat!

[OhioChick]

4. Guess we won't be seeing you

around these parts any longer.

[MissB]

3. Fred Meyers is doing the gift card + 10% thing too.

[AlCzervik]

5. sharks love chum.

[FarCenter]

6. Straight from the US Treasury to China

[Lorien]

11. Indeed. n/t

[darue]

7. wal-mart can go to hell. n/t

[Xenotime]

19. Exactly. They just look for every fucking way to get into poor people's pockets..

and sadly they are very good at it.

[Infinite Hope]

27. To be fair, all or nearly all business chains are doing this. n/t

[H8fascistcons]

8. Ready, SET, GOOOOOOO....

Hurry America, hand your money over to one of the largest Fascist corporations in the entire world!
These Fascist freaks are responsible for shipping more of our jobs to china than any other corporation in American history, bar none. It's almost treason to give one dollar to those evil corporate thugs.
GO to All American Clothing.com and keep your money in America and put an American to work for a change, it all starts with good progressives like us at DU. to set the example.
Regards.................

[liberal N proud]

9. As I would imagine most retailers will

Once they get you into the store and then get you a fist full of cash, they hope nature takes it's course and you will spend it right there.

The more they can do to get you to part with your money in their stores, they will do.

[colorado thinker]

10. Salivating all over themselves . . .

You can almost see them standing there rubbing their hands and giggling over the chance to free their customers from the money . . .

[L. Coyote]

12. They should have called it the "Wal-Mart Bail-Out Law" Guess who gets the money.

Not the poor people who spend it the same week. It gets consumed as profits by business.

Not that that is a bad thing :rofl:

[ruby slippers]

14. mine is going right into my pension annuity which I draw in Aug.--

[Retrograde]

15. Sports drinks are a basic item???

I must be out of touch - I'm still drinking water.

Of course Walmart -and other retailers - are doing this out of the goodness of their hearts and a wish to make their customers' lives better /sarcasm.

[sam sarrha]

16. econ is so bad they are stopping all night hours in a lot of stores.. my mom's friend said there is

no lines, no waiting at the checkout in california

[Joanne98]

18. Oh how generous of them!!!!!!!!!!!!

:puke:

[mitchum]

20. Why, they are such friendly predators!

[dmallind]

21. I'm no fan of Walmart but why the angst?

If they charged fees to cash these checks how many of you would complain about predatory practices profiting from the plight of the poor?

Are the poor so stupid that they cannot use Walmart's free cashing and then simply use that money to buy whatever they like wherever they like?

Or should people NOT take KMart or Sears' free money if they have a need or desire to buy $660 worth of goods at those stores? That's a new fridge with $60 worth of it coming right from Sears. Why is that a problem?

[ellie]

22. Agreed

I don't shop there but I think I will go cash my check, take the money, and leave without buying anything.

[HockeyMom]

24. Mine will be direct deposited

At least that is what I was told by Payroll. If you have a direct deposit payroll account, you rebate check will be automatically deposited based on the last two digits of your SS #.

[coriolis]

25. If it were not for angst, DU would have 42 members.

:shrug:

[dmallind]

26. Good point

But I'd at least like to see consistent angst some times.

[Gidney N Cloyd]

23. "Attention, WalMart muggers! There's no waiting at store exit #2!"

"The white zone is for getaway cars only. There is no parking in the white zone."

[Canuckistanian]

28. Another subsidy for Walmart

And we THINK we're getting a deal.

That's the capitalist system in a nustshell.