Wal-Mart Says February Sales "Total Disaster", Worst Monthly Start Since 2006; Stock Drops
Wal-Mart shares are plunging as the firm reports a 'total disaster' in its February sales. Bloomberg obtained internal emails that note:
"In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal-Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company.... That points to our competitive landscape, which means everyone is suffering and probably worse than we are”
It gets better:
“We have to fight against the tougher economic environment to earn a bigger share of a smaller consumer spending pie"
Obviously in WMT speak, "tougher" is what Obama would call "much better and rapidly improving."
Things must not be serious over in Bentonville for this much truth to suddenly hit the tape.
One senior executive summed it up perfectly - “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?” The company notes the end of the payroll tax cut by Obama and asks "We need to stop the stupid."
How odd: why is WMT focused on such trivial anachronisms as "money": can't it just boost its multiple by promising 2022 sales will be stupendously marvelously humongous. It works for every other hollowed shell of a firm, gutted by Bernanke's central planning.
Perhaps, just perhaps, some reality will finally come back to the market as a result of this disclosure.
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Voting does not seem to change anything in DC. Maybe pissed off billionaire Waltons can light a fire under BO and his goons.
If they were actually stocked in ammo, they would have no problem making good m-o-m and y-o-y numbers. There are always a number of guys milling around the ammo case talking about when they used to be able to shoot their guns. Some of us are just looking to add to stacks...
... while Wal Mart execs just want to 'stop the stupid.'
Hope they're serious ...
Hoocodanode that pissing off gun-totin' Amuricans was bad for the top 'n bottom lines?
When the masses can't afford to shop at Walmart, then you know its getting worse
.
Now, when they can't afford shopping at 'the Dollar Store'...look the fuck out.
Increase monthly SNAP and EBT allotment increase sales. duh.
Oh, those poor Walmartians. Where did all the money go, well just look at all the merchandise stocked on your shelves. Since practically everything on your shelves comes from China or is manufactured outside the US, maybe you should be asking them where all our jobs and money went.
No ammo, no money.
Mo ammo, mo money.
"Now, when they can't afford shopping at 'the Dollar Store'...look the fuck out."
When the dollar store runs out of things to sell for a $1, then I guess they will become $10 and under stores. There is only one true $1 store in our area, all the others have items that cost more than a $1.
There must be a mistake..
After all the consumer confidence numbers are up
Anyway, how can one store chain like Wal-Mart be an indication of consumer spending?
or McDonalds, for that matter.
I was kinda' sorta' hoping they wouldn't blame it on high gasoline prices, even in part.
Obama said evil speculators were to blame and even managed to get the per gallon price close to $3 (or below) just prior to the election, but there's only so much one man can do.
/s
Glad to do my part... I bought a couple of TP-LInk routers from Walmart and discovered they were both complete junk. I returned them and bought a couple of 3 year old Cisco routers off EBay and haven't regretted it for a second. Haven't been back to Walmart since. Walmart has pushed its suppliers too far. Instead of selling things which only last 3-6 months, they now sell things that don't work at all.
<sarc>
I'm sure stealth inflation has nothing to do with it...
</sarc>
Dont you know this creates money velocity! You buy something, they get the money, it moved, You take the item back and they give your money back, the same $20 has now moved twice.
You take that $20 and use it on EBAY and it has now magically moved 3 times through the system and all that for one measly product.
When the real velocity starts, as in china giving our paper back, then we will have a real idea what economic situation we are in.
I am rambling ;-p
Maybe this has just a litle something to do with it:
The Real Cost of Obamacare
In 2013, Millions Of Americans Face Obamacare Tax Hikeshttp://www.forbes.com/sites/sallypipes/2012/12/25/in-2013-millions-of-am...
Not seeing it here. One by my house was packed with people buying Cheetos and stretchy pants
Thanks. I really wanted to think about those fat asses in their stretchy pants eating Cheetos. Please burn that idea out of my head now...or just burn out my corneas.
Cornea replacements are a very costly treatment plan, so very stimulative! This is the "broken windows of the soul fallacy" in the new economics. You read it first here.
Yep, Cheetos are on rollback for $1.98, a great deal ! The stretchy pants make it easier to shoplift.... Buy one, steal 2 for free !
my coffee now comes in a special wal-mart size 24 ounce can as opposed to the 28-33 oz elsewhere
so i dont go there
their ammo prices were to high anyway
cheaper at xring(in de, not online)
People are checking their prices and finding out they can get better cheaper elsewhere.
spilled my coffee all over the place.
The Feds blame the meteor
It's gettin' real at the Whole Foods Parking lot, also:
Whole Foods Shares Sink on Sales Outlook
Whole Foods Parking LotThis Busters on his iPhone talking to his friends,
Picking up some cayenne pepper for his master cleanse.
You're the most annoying dude I've ever SEEN brah...
Could you PLEASE move? You're RIGHT in front of the Quinoa.
Damn, I'm about to check out.
Pay my 80 bucks for 6 things and get the heck out.
The express lane is moving hella slow...
Man, these fools don't know... that shit is getting REAL....
Good. Whole Foods is a hypocritical GMO "pretty-boy" organic wannabe. Stick to your food-coop and your farmers' markets
BTFD,YFI!
CLEAN UP!
In aisle...
[which aisle Jerry?] "Executive washroom."
Clean up in... Oh, never mind.
...and your garden
DaveyJones said:
But, but, but their beefberries were raised in Organic aquaculture tanks.
your toilet is an organic aquaculture tank
depending on what you eat
Dude you are just so bogus man. Whole foods is like really awesome organic food man.
They ain't awesome NO MO' ! ! !
Sorry for yelling. I am now calming myself. I've been on edge ever since they took Kombucha off the shelf.
no he didn't. gas was jacked up for monthe before the election and totally out of norms with crude. It dropped like a rock after the election.
No need to make shit up, there's plenty of reasons to hate everyone in the beltway and conspiracies galore too, without making shit up.
down arrows?
you no like facts
http://ycharts.com/indicators/gas_price
ramped up all summer, gave up a bit going into the election, bottomed out in December.
Like the oil companies gave a shit if Obama was elected, like he has any fucking sway with them, Bush, sure. Not even the Saudis like Obama and he is one of their own.
Don't sweat it j- trolls and idiots are alive and well, especially when facts piss them off.
Yo, j and will.i.work...you bitchez ain't got no facts
high oil pricies in 2008 = bush's fault
high oil prices in 2013 = not obama's fault
keep your head stuck up your messiah's ass
or McDonalds, for that matter.
MICKEY D's is not inexpensive any more.
The food is nasty, but other than the $1 menu, you can't touch a "value meal" for less than $7 - $10 if you super size it. So, trying to feed a family of 4 is going to set one back at least $30 -$40.
For that, might as well buy some shitty "fresh" food at Walmart and cook it yourself.
They have a new horsemeat-onion-cheddar edible food like substance for a BernankBux.
That can't spoil ... did I mention that?
~Herb Tarlek, WKRP Advertising Sales Manager, Cincinnati, Ohio.
Does that come with their delicious BP-Kraft style dressing?
MCD is coming up against high taxes and NOW labor costs plus food inflation..on a menu that has it margins on only the fixed price menu, not the polpular $1 items...pain is coming....
I work for a McDonalds here in Canada (I'm still just a teen in high school) but I've noticed that the managers have been getting really picky about food waste lately. Apparently our store's cost on most product has gone up at least 30% in the past year, and they tell me that margins are being pushed to their limits already. Price increases are certainly on there way at the Golden Arches.
Did you seasonally adjust and divide by the deflator FED? if you do everything is actually way under a dollar
Remember when a room at Motel 6 cost $6.00?
Pure Evil said:
The ammunition was one of the few American-made items you could still buy there.
If you can't buy ammo there, customers will go elsewhere in search of it, and probably pick up a few other things while they're at those other stores. Thus pulling ammo from the shelves is also impacting Walmart's sales of Cheez Doodles and Mountain Dew.
Texas-based, Frito-Lay Cheetos, FTW.
Serves the bastards right.
all the TULA is made in the USSR
"Thus pulling ammo from the shelves is also impacting Walmart's sales of Cheez Doodles and Mountain Dew."
And stretchy pants.......... :)