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Wal-Mart Says February Sales "Total Disaster", Worst Monthly Start Since 2006; Stock Drops

Tyler Durden's picture


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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Fri, 02/15/2013 - 15:19 | 3247274 alphamentalist
alphamentalist's picture

People are obviously diverting their cash for moar bargain-priced SPX...

Fri, 02/15/2013 - 15:19 | 3247276 valkir
valkir's picture

Inflation,bitchez.SNAP card cant buy the same amount of crap,as in previous monts.

Fri, 02/15/2013 - 15:42 | 3247399 Agent P
Agent P's picture

Well, yes and no.  SNAP benes are indexed to inflation, but your statement holds true given food inflation > CPI.

Fri, 02/15/2013 - 15:20 | 3247277 Cursive
Cursive's picture

It (our economic delimna) will be so obvious 100 years from now.  In the present, though, you would think we lived in absolute Nirvana.


We need a Youtube video of "Where are all the customers and where is their money?"

Fri, 02/15/2013 - 15:19 | 3247279 seek
seek's picture

Every peice of consumer data I've worked with as part of my business has painted a 2008-level collapse that started in Q3, this Walmart data doesn't surprise me.

I wouldn't be surprised if the gold sell-off is due to someone(s) needing to convert into USD, EUR, JPY, whatever in reaction to this weakness. With the degree of stock manipulation, we can't look to stocks, VIX, etc to show economic stress anymore.

Fri, 02/15/2013 - 15:34 | 3247359 adr
adr's picture

same here, but this is worse than 2008. Order levels have never been this low. Unless you have the ability to channel stuff, you're fucked.

If you're private, you can't channel stuff because you don't have the ability to order a couple hundred million in inventory that will never sell. That would be called going bankrupt in short order.

Funny thing is that kind of business decision is good for at least a 30% run up on a Wall Street traded stock.

Fri, 02/15/2013 - 16:27 | 3247604 Mrmojorisin515
Mrmojorisin515's picture

I honestly believe that the entire purpose of a central bank is to centralize control over every aspect of industry.  At least under a gold standerd larger corp were held to some level of reality. Take a looksee at how every industry began to be bought up by mega corps after the end of the gold standerd.

Fri, 02/15/2013 - 16:47 | 3247677 Maos Dog
Maos Dog's picture

100% Agree with the above.

Business for us, by any measure, has not been this bad since the end of 2008 - early 2009. It's really starting to get scary.



Fri, 02/15/2013 - 16:49 | 3247688 aerojet
aerojet's picture

Well, I wish they had to sell their fucking oil contracts, too!

Fri, 02/15/2013 - 17:49 | 3247850 sschu
sschu's picture


We are in the employment services business is Seattle.  Locally we typically lag the broader economy by about 6 months.

This started for us in early December, the phone just stopped ringing.  It had an eerie 2008 feel to it, I thought it just might be the season.  But 2013 has started out VERY slow, most of our customers are seeing the same.  This appears to be a broader trend.

I think the combo of Bam getting elected, the price of oil, the payroll tax hikes, the upcoming budget battle and most nasty the ACA in 2014 have business pulling back and they are worried BIG TIME.

Bam, Bennie and Congress will ride to the rescue soon enough .... hope not.



Sat, 02/16/2013 - 10:16 | 3249234 DaveyJones
DaveyJones's picture

more where that came from

this is the innevitable slip back after all the tricks not only don't work but make it much worse

Fri, 02/15/2013 - 15:20 | 3247280 nobusiness
nobusiness's picture

But...But retail sales are up and the consumer is confident!!!!



Fri, 02/15/2013 - 15:21 | 3247286 nonclaim
nonclaim's picture

When everybody is preoccupied with the horse meat scandal nobody cares for the horseshit that passes as the market these days.

Fri, 02/15/2013 - 16:19 | 3247556 The Heart
The Heart's picture

Ah yes...the lie spewing propagandist detractors and lords of illusionary distractions department is working overtime. What well planed collapse and impending declaration of war against the American People? How about that spectacular show in Russia. DA14!!!

Next week, it will be tales of the Sidewinder glove-puppets making more profits for the banksters of babylon as bastions of Purim seeking zio-nardics attack anything that moves in the world for having to much THC in your system while driving anywhere in Arizona.

Hot dogs, Popcorn, Peanuts and a prize!

Cigars, cigarettes, Tiperellos?


Sat, 02/16/2013 - 09:47 | 3249199 goldfish1
goldfish1's picture

At work, the horsemeat scandal was understood to be confined to "Europe", courtesy msm.

Fri, 02/15/2013 - 15:22 | 3247290 machineh
machineh's picture

Isn't it obvious? 

It's weather's fault -- snow, ice, asteroids. shit you can't believe.

Next month all better ...

Fri, 02/15/2013 - 15:24 | 3247297 Herkimer Jerkimer
Herkimer Jerkimer's picture





So the way I see it is this:

A) The recession is finally over, as Walmart shares are counter cyclical to good times, as the folks go shopping at Walmart when they have little money, so Walmart not doing well means the good times, they is here again, as all the Walmarters have gone upscale!!

B) We were just on a ledge on the first drop down the cliff, woke up dazed and confuzed, rolled over and just fell off.


I'm thinking Aaaa… Beeeee? Umm-mm-mm…




Fri, 02/15/2013 - 15:41 | 3247392 GeezerGeek
GeezerGeek's picture

When my wife heard that the Dow was at 14K she switched from Walmart to Nieman Marcus and Nordstroms. After all, we must now be rich, right?

Fri, 02/15/2013 - 15:26 | 3247298 Cognitive Dissonance
Cognitive Dissonance's picture

Missed it by >          that          < much.

Fri, 02/15/2013 - 15:26 | 3247302 Hohum
Hohum's picture

Three words: Winter Storm Nemo OR payroll tax hike.

Fri, 02/15/2013 - 16:27 | 3247603 CheapBastard
CheapBastard's picture

caused by 'Global warming' is rumor on the street....

Fri, 02/15/2013 - 16:28 | 3247609 Ident 7777 economy
Ident 7777 economy's picture




Three words: Winter Storm Nemo OR payroll tax hike. "


Think about it, Pilgrim, Walmart execs are probably smart enough to be looking at store sales in the South, the NE, SW, W, etc ... you don't think they have that kind of granularity in their internal sales numbers?



Fri, 02/15/2013 - 22:51 | 3248616 Withdrawn Sanction
Withdrawn Sanction's picture

you don't think they have that kind of granularity in their internal sales numbers?

BINGO.  Wal*Mart was one of the first firms to use data warehousing in a big way starting in the early 90s.  All the POS store data fed into Bentonville.  Gave them a great advantage in administering inventory and controlling costs.  They could tell, for example, up to a week before the CDC where cold/flu outbreaks would be headed based on sales of cough/cold remedies.  No doubt it's much more sophisticated today.

They've got the data, so why are telling US? My guess is it's as bad as most of the businesses I see and the truth eventually leaks out.  Was at the HD today shortly after lunch.  Usually on a Friday (esp prior to a snow storm), place would be mobbed.  Had my choice of parking spaces (not just 1 or 2 either, but more than a dozen, just that I could see)...and way too many un-busy clerks who wanted to "help" me.  It was a ghost town.  Just another anecdote, sure, but the plural of anecdote is data.

Fri, 02/15/2013 - 15:26 | 3247306 ziggy59
ziggy59's picture

Is info a leak?... Before 4 pm this type of info?
This right before a 3 day weekend..

Fri, 02/15/2013 - 15:30 | 3247307 Waterfallsparkles
Waterfallsparkles's picture

There were things that I wanted to buy before and after Christmas.  I shopped on line thru Walmart and Kmart.  Walmart had many of the items on line but did not carry or have them in the store.  To get the items I had to pay shipping.  Plus if you had the item shipped to the store it would take 2 weeks.

Where Kmart had all of the items in their over stuffed store.  I bought the items there.  Also Kmart has a great program called GoFor.  You buy your items on line and they get them for you thruout the store and you pick all of them up at the Layaway desk.  I loved this.  It saved me looking for the items in the store and all I had to do was to pick them up and having paid on line I saved the lines at the cash register.  I also bought some items online and they shipped them for free and sent many of the items from their local stores.  Plus, I found Kmart prices better than Walmart.

Fri, 02/15/2013 - 16:27 | 3247600 disabledvet
disabledvet's picture

Discounters???!!!! You shop at discounters???!!! My heavens to be...and our President is a what???!!!

Fri, 02/15/2013 - 16:36 | 3247630 FoeHammer
FoeHammer's picture

Cool Story Bro

Fri, 02/15/2013 - 16:53 | 3247694 aerojet
aerojet's picture

That's not compelling enough for me to want to enter our local KMart, which is where all the crack addicts shop.

Fri, 02/15/2013 - 18:29 | 3247980 Temporalist
Temporalist's picture

Crack is on sale?!?!?!  Nobody told me!!!

Sat, 02/16/2013 - 01:20 | 3248853 Intoxicologist
Intoxicologist's picture

K-Mapart.  That's what we used to call 'em. lol

Fri, 02/15/2013 - 15:27 | 3247310 ekm
ekm's picture

Daah. Unaffordable crude oil means everything else is unaffordable, even wal mart.


As I've said in the past few days, I no longer check dow or s&p and don't really care. The only thing to observe is CRUDE OIL PRICE.

Fri, 02/15/2013 - 15:32 | 3247347 waterwitch
waterwitch's picture

You would think Gold would move in sympathy with oil, but...

Fri, 02/15/2013 - 15:41 | 3247385 ekm
ekm's picture

Gold is paperized by central banks. It's been like that since 1971. No chance.

Oil can be paperized too, but the real economy will suffer as it is now.

Fri, 02/15/2013 - 15:40 | 3247384 pursueliberty
pursueliberty's picture

Wish I had more up votes.


Take $20 out of the check for changing back to old ss rate, take another $20 spot out of the take home for increase in fuel price= stretched consumer with $40 less a week to spend a wally world.  Multiply that by every family who still works in this country and I figure it is about $1.2 billion a week out of the economy on the low end.

Fri, 02/15/2013 - 15:41 | 3247393 ekm
ekm's picture

thank you

Fri, 02/15/2013 - 16:33 | 3247623 The Heart
The Heart's picture


Watch the oil prices...they know.

Next Week?

Dark Moon One Thirty-Three AM??

Fri, 02/15/2013 - 15:28 | 3247314 ziggy59
ziggy59's picture

Their income is based on "stoopit"

Fri, 02/15/2013 - 15:28 | 3247316 Canucklehead
Canucklehead's picture

I think Walmart's problem is the change in demographics hitting the North American marketplace.  Bitter Old Women are getting younger nowadays.  Take Ashley Judd as an example.   Mike Bloomberg is another example.

Consumer buying habits are changing.

Fri, 02/15/2013 - 15:44 | 3247412 Shizzmoney
Shizzmoney's picture

Right; I think the American consumer is sloooooooowly turning around to realizing that shit's not quite right in Kansas.  Hell, yesterday ALL major networks averaged a total of 12 million viewers for their Thursday night programming (the weekly big night for MSM sitcoms).

Wal-Mart is the same.  Consumers, who are getting paid less, who aren't getting jobs, and who are sick and tired of the bullshit from corporations - are starting to explore new avenues to buy the stuff they want and need.

I work for a vendor that sells shit to Wal-Mart.....and NO one I know, shops there.

Votes ain't counting in Congress?  Vote with your wallet, bitchez!

Fri, 02/15/2013 - 16:32 | 3247621 CheapBastard
CheapBastard's picture

Who needs food? I'm saving for a Russian meteorite fragment:


....even if it's from 1947, these things are like houses, they never go down in price....Never !

Fri, 02/15/2013 - 16:32 | 3247622 HobbyFarmer
HobbyFarmer's picture

Logged in just to +1 you for: Vote with your wallet.

My wife and I are on the verge of embracing fully the 'minimalist lifestyle'.  Less stuff needs less storage means less stress and more savings.  It's been working great for us.

Regarding voting with our wallets: we're picking up some useful "forgotten" skills including making our own laundry detergent and dish washing soap.  Works great.  About 20 dollars of materials will make a years supply in about 20 minutes.  Fun activity for the kids to help with, too.

I am voting with my dollars since my Ron Paul votes didn't seem to register with anybody anywhere.  I'm voting for less stuff, fewer toxic chemicals in my house, and more savings for PM's (to hopefully pass to my grandkids someday). Cutting gas, growing more food (our goal is in the neighborhood of 60% of what we eat in 2013), spending less.  Life is better now for me than it ever has.  Hope you ZH'ers embrace this ideology and get the same mileage.

Fri, 02/15/2013 - 16:41 | 3247647 FoeHammer
FoeHammer's picture

+1 Sir.


I like your style.

Fri, 02/15/2013 - 16:47 | 3247672 The Heart
The Heart's picture

"Hope you ZH'ers embrace this ideology and get the same mileage."

In the multidimensional garden of the mind, ideology is philosophy gone wild and put to good application and manifestations in the New World Paradigm of the Now.


Fri, 02/15/2013 - 16:54 | 3247697 aerojet
aerojet's picture

Are you selling women their own fat asses back to them?

Fri, 02/15/2013 - 17:25 | 3247795 HobbyFarmer
HobbyFarmer's picture

not selling anything....and not many fat women around where I live (farming country, mid west).  My kickboxing classes are full of amazingly shaped women who could out exercise most men (I'd safely wager).  And the females on the farms around here are in a serious type of fitness-level that wouldn't be believed.  One woman who sold a calf to me and later returned to help me dehorn it admits to working 80 hours.  She made it seem like nothing, 7 days of labor a week, because the animals depend on her.  It's the way she was raised, she explained to me.

Too often in ZH we focus on the sheeple or the walmart hordes (are they different?).  I don't believe America will fail as long as I have neighbors like this.  If you get to cynical about the direction our nation is headed, meet a farmer.  Not me, I only do it for fun and hardly consider myself "one of them".  I mean an honest full time farmer.

People on welfare should have to volunteer hours at the nearest dairy.  It would clean up the welfare lists FAST.

If you're referring instead to scene in the fight club where they are busting into the garbage of the clinic to retrieve human fat, LOL.

Fri, 02/15/2013 - 17:22 | 3247786 tip e. canoe
tip e. canoe's picture

care to share your recipe for dishsoap?

Fri, 02/15/2013 - 17:30 | 3247805 HobbyFarmer
HobbyFarmer's picture

There are several sites out there with this recipe or a similar version .... I am not affiliated with this site/blog in any way, you could do the google search to find it on several hundred other sites, no doubt:

Please note: if you make it yourself, it will harden incredibly fast!  We put it into ice trays, let it harden, and remove it to a plastic bag.  Each time we run the dishwasher, we add one 'ice cube' (about a tablespoon) and some vinegar.

Works fantastic.  Fun to make as a family (three young boys).  Saves money. 

Fri, 02/15/2013 - 17:38 | 3247826 tip e. canoe
tip e. canoe's picture

epsom salts, haven't heard that ingredient before.   makes sense tho.   thanks mate.

Fri, 02/15/2013 - 21:33 | 3248401 Angus McHugepenis
Angus McHugepenis's picture

tip e. canoe: Epsom salt is a scam. Go buy a $5 10kg bag of rock salt that is used for winter traction and add it to any bath or as an ingredient in high end cosmetic bath products. I defy anyone to tell me they can feel the difference. Salt is salt, plain and simple. Believe me, I used to work with a person who would sub rock salt and call it Epsom on the label. He never had anyone that purchased his products come back and claim it wasn't Epsom. And he's still doing it after 10 years.

Fri, 02/15/2013 - 17:43 | 3247840 Shell Game
Shell Game's picture

Great post, thank you.  It's often too easy to get cynical.  But I share your great optimism (in your post below) that will come from the quietly growing number of self-sufficient folks.  Freedom now only exists outside the system..

Fri, 02/15/2013 - 20:25 | 3248259 Room 101
Room 101's picture

Amen brutha!  And just for that, here is some actionable information to save you a few FRNs. 

How to make greek-style yogurt WITHOUT the ECB. All greek style yogurt is is strained yogurt.

1.  Buy the cheap plain yogurt at the store. 

2.  Take a coffee filter and put it in a strainer. Put it over a bowl to catch the whey drippings. 

3.  Whip up the yogurt and put it in the coffee filter  Put it in the fridge.  What you have left after about 3-4 hours is thickened greek style yogurt.  Spoon out of the filter into another container and Enjoy. 

4. You can use the whey drippings in your garden (H/T Francis Sawyer) or freeze in a ice cube tray for smoothies. 

Fri, 02/15/2013 - 20:39 | 3248303 Angus McHugepenis
Angus McHugepenis's picture

HobbyFarmer: It's quite liberating, isn't it? Here's one of the things I've been doing that saves me over $500/year to wash my work clothes.

I no longer take my laundry to the laundromat. I use 2 plastic storage tubs... one for washing, one for rinsing, and a garden hose, of course. My "agitator" is a $5 toilet plunger with a few holes drilled through the rubber cup. I let the clothes in the washing tub soak for 15-30 minutes before attacking them with plunger. The plunger suction is amazing at getting grease and dirt out that usually won't come out using a $1,000 Whirlpool. Just make sure to keep the head of the plunger under the water line or the holes you drill will act as a vent and squirt jets of water back in your face.

There's plenty of YouTube videos about using this method. My example may not be the best.

Fri, 02/15/2013 - 20:48 | 3248332 HobbyFarmer
HobbyFarmer's picture

Seriously?  I will go to youtube and check this out.  Some of my clothes (for the barn) can get pretty mucky.  Most likely my wife will love me for doing this.....thanks for the tip.

Fri, 02/15/2013 - 21:06 | 3248370 Angus McHugepenis
Angus McHugepenis's picture

One more thing that will save your back some ache time. Unscrew the short plunger handle and replace it with a longer broom handle so you're not hunched over while plunging your laundry.

Sat, 02/16/2013 - 01:37 | 3248867 Intoxicologist
Intoxicologist's picture

"Just make sure to keep the head of the plunger under the water line or the holes you drill will act as a vent and squirt jets of water back in your face."

This is known as the Plunge(r) Protection Tip.

I make a lot of stuff myself as well.  Laundry soap, yes, and also toothpaste and shampoo.  Its kind of fun, actually, to do it yourself, save money and skirt the unknown chemical ingredients in store-bought items.


Sat, 02/16/2013 - 07:45 | 3249100 Adahy
Adahy's picture

+1 for actions over words.  Too many talk, but very few actually do.
I finally convinced the wife to start changing our life in similar ways about 4 years ago.  Life has gotten increasingly better since then, especially in the stress and health departments.

Fri, 02/15/2013 - 20:26 | 3248262 Angus McHugepenis
Angus McHugepenis's picture

Shizz - I think you are right, but as you say... slooooowly turning around. Hopefully the 100 monkey theory is about to take place where the masses all of sudden "get it".

I always enjoy reading your thoughts, you radical bastard you!

Fri, 02/15/2013 - 15:29 | 3247320 NEOSERF
NEOSERF's picture

Excuse = NEMO...investors get excited and BTFD...rinse repeat...just execs and analysts trying to create some opportunity in the stock..probably execs getting their allocations of stock options based on a price March them doggies down

Fri, 02/15/2013 - 15:31 | 3247336 nobusiness
nobusiness's picture

Plunge Protection Team Activate!!!!

Fri, 02/15/2013 - 16:31 | 3247616 ebworthen
ebworthen's picture

To the Printmobile!

Fri, 02/15/2013 - 15:31 | 3247340 ebworthen
ebworthen's picture


This can't be true.

They're just trying to avoid that $9/hour minimum wage.

Fri, 02/15/2013 - 15:31 | 3247342 yogibear
yogibear's picture

Even 16 year old actresses  are making money off the market.

30 something percent.


16-Year-Old Actress Turns Into Stock Day Trader

Maybe the baby on e-trade is killing many fund managers.

Bubble Bernanke and the Federal Reserve are going to make the bubble so big that when it burst it will be historic.





Fri, 02/15/2013 - 15:59 | 3247462 slightlyskeptical
slightlyskeptical's picture

The worst thing that could have ever happened to this girl was to start trading at the start of an incoherent bubble. She will end up losing a bunch and will then just give up on it all together. Good thing she has a bunch of high earnings years ahead of her.

Fri, 02/15/2013 - 16:11 | 3247517 Milton Waddams
Milton Waddams's picture

Batten down the hatches...

“Last year I made 338 day trades,” she says proudly. Trading that often is not just a hobby. Rachel is up at 6:30am every morning, looks through her account, scans headlines and then makes her picks for the day. She uses a standard brokerage account and makes use of an app that enables her to trade on her smartphone.

When we see more of this 'get rich quick' propaganda, the end is nigh.

Fri, 02/15/2013 - 16:56 | 3247700 aerojet
aerojet's picture

An asinine attempt at dragging retail back in for another haircut.

Fri, 02/15/2013 - 22:08 | 3248507 Blano
Blano's picture

ZH did this story last week.

Fri, 02/15/2013 - 15:32 | 3247344 Tsar Pointless
Tsar Pointless's picture

My mother bought a laptop there a week ago, so Wal-Mart can't blame her.

Oh, and I bought a few lemons there. My first Wally-World purchase in about four or five years.

Fri, 02/15/2013 - 15:32 | 3247348 nightshiftsucks
nightshiftsucks's picture

I shop at walmart,they have the cheapest canned foods around.As a matter of fact I just dropoped $200 there on food and first aid,makes prepping more affordable.

Fri, 02/15/2013 - 16:49 | 3247687 The Heart
The Heart's picture

Is that what is called, Hedging Food?

Fri, 02/15/2013 - 20:27 | 3248267 Room 101
Room 101's picture

If you have one in your area, Aldi is cheaper and the canned goods are of better quality. 

Sat, 02/16/2013 - 09:56 | 3249205 goldfish1
goldfish1's picture

Horsemeat Aldi's? Better watch what is in those cans.

Fri, 02/15/2013 - 15:34 | 3247356 nobusiness
nobusiness's picture

Mr. Walton.... Hi this is Ben, Ben Bernacke.  Yeah I'm going to need you to come out with a statement that the emails were frauds.  I expect you get this done in the next few minutes.  thank you...(other voice) hey Jamie we playing golf this weekend?

Fri, 02/15/2013 - 15:37 | 3247360 Smegley Wanxalot
Smegley Wanxalot's picture

WalTARP on the way.


By the way, if Walmart "stops the stupid" then who will go buy there?

Fri, 02/15/2013 - 16:03 | 3247478 MachoMan
MachoMan's picture

EBT = WalTARP...  we've just been kicking the can so long it's breaking apart.

Fri, 02/15/2013 - 16:59 | 3247710 _ConanTheLibert...
_ConanTheLibertarian_'s picture

The can is no longer recognisable as a can. Kicked beyond repair.

Fri, 02/15/2013 - 15:35 | 3247365 williambanzai7
williambanzai7's picture

Is there a Walmart on the asteroid?

Fri, 02/15/2013 - 15:50 | 3247433 Yes_Questions
Yes_Questions's picture



Rock, Rock, GOOSE EGG..

Fri, 02/15/2013 - 15:35 | 3247366 SheepDog-One
SheepDog-One's picture


Fri, 02/15/2013 - 15:37 | 3247369 nobusiness
nobusiness's picture

Bloomberg.. From WMT Company spokeperson


"Companies often see internal communications that are not entirely accurate"



Fri, 02/15/2013 - 15:37 | 3247370 Archetype
Archetype's picture

Every fucking number has been a total disaster since the stock rally began. An example: GDP!!!


Apparantly wallmart is more important than the entire developed economy. Tells you more than you want to know. Fucking joke of a market.

Fri, 02/15/2013 - 15:38 | 3247375 Id fight Gandhi
Id fight Gandhi's picture

Why they saying might not be accurate?

Fri, 02/15/2013 - 15:38 | 3247376 Jacque Itch
Jacque Itch's picture

"We need to stop the stupid"

Recently I decided that I would stop supporting big corporate America until they stand up to the fiscal insanity in Washington.  I am trading down from the big brands.  Fortunately I can afford to pay their prices but I refuse to do it.  Kraft just laid a big egg on earnings and now this.  Join me... it feels great.

So Mr. Wal-Mart guy, look in the mirror and YOU make a stand.

Fri, 02/15/2013 - 16:13 | 3247527 DosZap
DosZap's picture

Recently I decided that I would stop supporting big corporate America until they stand up to the fiscal insanity in Washington.  I am trading down from the big brands. 

Ditto's w/ rare exceptions, Example, Tom Thumb / Kroger Quaker 1 min Oats, $4.80 per box, store brand, $3.60 a box.Wife eats it for Bfast every day, and said she could not tell ANY differnce,(and she is real anal) and I buy 5 of the large at a time.

I caught them (Quaker) on sale a few weeks ago, at $3.50 a bx, loaded up.

Fri, 02/15/2013 - 16:59 | 3247711 ebworthen
ebworthen's picture

A lot of the store brands are made in the same factory as the big box brands.

When you buy branded stuff you are often paying for the label, and only the label.

Only exceptions I have found are mayonnaise and box mac 'n cheese.

Fri, 02/15/2013 - 20:09 | 3248218 Angus McHugepenis
Angus McHugepenis's picture

ebworthen: Many products in the no-name store brands in years past could be real shit, but they figured it out and had to start making them near the same quality as the brand names.

Example: Over the years I tried many no-name products. When I found them to be junk I stopped buying both the no-name AND the brand names.

I haven't bought a brand name anything in about 10 years, and I rarely ever buy processed boxed junk anymore unless it's for long term storage in a SHTF event.

Fri, 02/15/2013 - 16:19 | 3247553 Shizzmoney
Shizzmoney's picture

Recently I decided that I would stop supporting big corporate America until they stand up to the fiscal insanity in Washington.

That they created.

Who do you think pays for those EBT cards that people use to buy shit there? Hint: it ain't anyone in the Walton family.


Fri, 02/15/2013 - 16:58 | 3247707 The Heart
The Heart's picture

"Recently I decided that I would stop supporting big corporate America until they stand up to the fiscal insanity in Washington.  I am trading down from the big brands."

And how about the sleckeriness in the sneaking in of the DOWNSIZED PACKAGING selling at the same price? Just what hungry people want; less food to protect their ASSets in the future wars. I bet this goes over great in Texas where everything is "bigger?"

Babylon soon to crash and burn Mon. Dem sees da scribbles on de walls and soon...soon my precious.:


Fri, 02/15/2013 - 15:39 | 3247377 youngman
youngman's picture

Do they have a high enough building in Bentonville to jump off of

Fri, 02/15/2013 - 15:40 | 3247387 adr
adr's picture

No, everything looks like Walmart, but jumping off a Walmart size building would hurt pretty bad. You might sever an artery from a broken leg and die.

Fri, 02/15/2013 - 15:52 | 3247440 Yes_Questions
Yes_Questions's picture



Walton bounce

Fri, 02/15/2013 - 15:39 | 3247378 adr
adr's picture

People aren't shopping and vendors are going out left and right. With input costs going through the roof, being beaten to hell on margins, and being unable to raise prices, there is no money to be made.

You are witnessing the end of productive business.

Fri, 02/15/2013 - 15:39 | 3247379 EmmittFitzhume
EmmittFitzhume's picture

Maybe the deflation spiral will be kicked off by Big Retail?

Fri, 02/15/2013 - 16:07 | 3247491 Shizzmoney
Shizzmoney's picture

One can only hope.

Fri, 02/15/2013 - 15:40 | 3247383 Yen Cross
Yen Cross's picture

 Holy shit Alice! The markets are actually drifting lower in the afternoon. This is worthy of a screenshot.

Fri, 02/15/2013 - 15:43 | 3247410 Ness.
Ness.'s picture

No worries - Kevin Henry was away from his desk trying to catch a glimpse of DA-14, he'll be back before the close.

Fri, 02/15/2013 - 15:41 | 3247389 JR
JR's picture

Not only does Bloomberg the mayor want a cooperative spy network with Microsoft and police stations throughout the nation, but Bloomberg the financial sheet already is active in spying on corporations like WalMart. It pays to be connected to the Federal Reserve owners.

If Americans don’t fix this tyranny - soon! - they are going to be stripped of everything they have, including their country.

Fri, 02/15/2013 - 15:41 | 3247390 imaginalis
imaginalis's picture

I heard a loud WalFART

Fri, 02/15/2013 - 15:41 | 3247397 sitenine
sitenine's picture

Consumer confidence is to Wal-Mart as GDP is to _________.

Fri, 02/15/2013 - 22:36 | 3248584 WmMcK
WmMcK's picture


Fri, 02/15/2013 - 15:42 | 3247400 nobusiness
nobusiness's picture

Can you say options expiration day


God bless america

Fri, 02/15/2013 - 15:42 | 3247401 insanelysane
insanelysane's picture

Hopefully Kevin didn't check out on this 3 day weekend.

Fri, 02/15/2013 - 15:42 | 3247406 sawman
sawman's picture

But how could this be. The mainstream media told me the recovery has taken hold and the world economy is on the mend. Seriously if those fuckers told me it was Saturday tomorrow I'd run and check a calendar.

Fri, 02/15/2013 - 15:43 | 3247408 CoolBeans
CoolBeans's picture

Sorry - that was us.  Client checks have been slow coming in and we didn't get our usual trip to Sam's Club in for our large family + 4 pets.  We'll get over there shortly...

Fri, 02/15/2013 - 15:43 | 3247409 busted by the b...
busted by the bailout's picture

I'm tempted to think WMT is the best indicator of the financial health of the average U.S. consumer, and thus the entire US economy, but this may just be a fluke because other indicators, such as retail sales and consumer confidence, aren't showing any significant slowdown.

But if the consumer is feeling the pinch and gas prices rise through the Spring, as usual, then Ben is in big trouble.

Fri, 02/15/2013 - 15:46 | 3247415 babylon15
babylon15's picture

Everything is fine, didn't you see, it's the lowest volatility ever.

Fri, 02/15/2013 - 15:47 | 3247417 Shizzmoney
Shizzmoney's picture

No wonder Ben, Timmay, and Co are all leaving their posts.  They want to get off the Titanic before it sinks.

On the good side, WM is now taking pre orders on Geithner's new book: "I'm Rich, Biatch!"

Fri, 02/15/2013 - 15:47 | 3247418 WTF_247
WTF_247's picture

I am shocked that this is not leading to + 25 in ES.

Bad is good right??

I guess bad is good ONLY if the Fed can directly manipulate it.  Walmart is not on the TBTF gravy train so they get nothing.

Fri, 02/15/2013 - 15:47 | 3247420 brucealexy
brucealexy's picture


Fri, 02/15/2013 - 16:21 | 3247567 aerojet
aerojet's picture

But they didn't do that.

Fri, 02/15/2013 - 15:48 | 3247423 you enjoy myself
you enjoy myself's picture

Perhaps, just perhaps, some reality will finally come back to the market as a result of this disclosure.

i think we just saw it.  the bellweather of all retail spending just saw the worst numbers they've seen in 7 years, the market is already at nosebleed highs, taxes went up, GDP went down - what's the reaction?  SPX is down 0.4%. 

BTFD.  tuesday will be up 20 points.

Fri, 02/15/2013 - 16:15 | 3247533 Son of Loki
Son of Loki's picture

Retail is 'dead as a doornail' they say. No one shopping ...just teens walking around the mall, pushing each other, giggling...their jeans hanging down to their knees showing off their filthy underwear....

What a frigg'n mess !

Fri, 02/15/2013 - 15:50 | 3247430 mind_imminst
mind_imminst's picture

"Perhaps, just perhaps, some reality will finally come back to the market as a result of this disclosure"


No NOMINAL reality will be coming back to the market. Not with the CBs printing like mad. Stocks priced in fiat can only go higher (with a few small bumps here and there), get used to it.

Fri, 02/15/2013 - 15:50 | 3247434 youngman
youngman's picture

I had to throw this in.....from Colombia Reports News....

The administration of U.S. president Barack Obama gave President Juan Manuel Santos a BMW 7 Series 2012, one of the most innovative automobiles in its class.

For the rare occassions on which Colombia President is not cruising around in his black SUV caravan, he will enjoy a recent gift from Obama and his administration: a BMW 12-cylinder luxury speedster, magazine Don Juan reported.

For Santos, the 7 Series will be a true joy ride with a smooth-shifting 8-speed gear box, throbbing 544 horsepower engine, comfy leather seats, and LED lights. The 7 Series, it is said, even accelerates to 60mph in under 5 seconds.

Though the BMW 7 Series is considered one of the leading models in its class, so far it has received no rewards to speak of.

Why not a Government Motors...this is strange...and WHY...Santos has a lot of money


Fri, 02/15/2013 - 16:23 | 3247577 aerojet
aerojet's picture

It was a thank-you for all the free Coke.

Sat, 02/16/2013 - 02:44 | 3248945 Parrotile
Parrotile's picture

"Dear Leader" and Moochelle having retirement plans perhaps?

Gotta maintain your "friends in the right places" don'cha.

Fri, 02/15/2013 - 15:50 | 3247435 azzhatter
azzhatter's picture

Damned Nemo

Fri, 02/15/2013 - 15:51 | 3247437 Spastica Rex
Spastica Rex's picture

Stop the consumption, starve the beast.

I just don't think that's what people really want. I think they really want stuff.

Give the people what they want.

Fri, 02/15/2013 - 15:53 | 3247441 SheepDog-One
SheepDog-One's picture

Wal*Shart !!

Fri, 02/15/2013 - 15:53 | 3247442 SubjectivObject
SubjectivObject's picture

If they would just restock the ammo cases, February would be in the black fo sho.

(and let the hoarders buy more than 3 boxes at a time ....)

Fri, 02/15/2013 - 15:56 | 3247449 monopoly
monopoly's picture

Not to worry. This is just "company specific", not a big deal since they are just a Mom and Pop neighborhood store......What, what did you say, huh,

Oh.... the largest food retailer on the planet!!


Fri, 02/15/2013 - 15:58 | 3247452 Unstable Condition
Unstable Condition's picture


People can't even afford our cheap Chinese crap?

A "Crude" awakening?

Fri, 02/15/2013 - 15:58 | 3247456 hannah
hannah's picture

fuck walmart...i buy everything at toy guns & yoyo's....

Fri, 02/15/2013 - 15:58 | 3247457 Catullus
Catullus's picture

We really suck. Our competitors must really be sucking wind.

That's some great competitive intelligence.

I suddenly don't want to sell AMZN now.

Fri, 02/15/2013 - 16:00 | 3247467 El Hosel
El Hosel's picture

.... No suprise, weather was bad. Better give those low end shoppers a free jacket so they can get out and shop.

Fri, 02/15/2013 - 15:59 | 3247460 Melson Nandela
Melson Nandela's picture

Short /TF at todays VWAP 923. This time Warren´s the Buffoon and not the Buffet.

Fri, 02/15/2013 - 16:01 | 3247461 slackrabbit
slackrabbit's picture


C’mon folks the signs are there!  

A. Horsemeat has replaced real meat in Europe (and probably the US).

B. The pope quits and lighting hits the St Pauls the same day.

C. A Meteor hits the earth and

D. An asteroid just passes us by with a big FUCK YOU BEN' painted on it.

This is the End of Days when Satan and his Printer are finally revealed!

All we need now is a currency devlatuion from somebody and the Dow @ 15,000 rapture and the Big Print is on!


Prepare thy stacks, store thy food and load thy gun....


Fri, 02/15/2013 - 16:00 | 3247465 NoWayJose
NoWayJose's picture

Went into Walmart on Super Bowl weekend looking at munchies for during the game - actually found that their prices were not lower, and in some cases were higher than other grocery competitors.  I'm sure Walmart is getting squeezed from the commodity and producer price side as well as from the thrifty consumer side.  Given the payroll tax hike and higher gas prices, I am not surprised that people are taking less trips to Walmart and are buying less - they DON'T HAVE THE MONEY!

Fri, 02/15/2013 - 16:12 | 3247521 Shizzmoney
Shizzmoney's picture

The "cheap shit from China" has been going up as well, due to rising wages in China.

If there is a God, or any other deity, he'll let Wal_mart crash into the ground like a meteor from the sky

Fri, 02/15/2013 - 16:57 | 3247705 aerojet
aerojet's picture

I'll believe that when there are no more fatties in the Wal.

Fri, 02/15/2013 - 17:40 | 3247833 WillyGroper
WillyGroper's picture

Just doing a stare & compare with the online ads, John Wayne toilet paper at every other store ranged from 62-65 cents per roll. Was $1 @ WhaleMart. No they're not cheaper. Two of the highest paid people I know shop only there. When I point this out to them it's like everyone else in this country. They don't want to hear it & think ur crazy. Duh

Fri, 02/15/2013 - 16:02 | 3247471 JR
JR's picture

Retail under attack! And things aren’t so rosy in 401(k) land as well.

The Employee Benefit Research Institute (EBRI) sets the record straight regarding employer-sponsored 401(k) plans.

Representing largest private database and most representative repository, EBRI reports that at year-end 2011, the average 401(k) account balance of 23.4 million plan participants was $58,991, representing total plan assets of $1,414 trillion.

The median account balance at year-end 2011 was $16,649.

The year-end 2011 average account balance in the database was 2.2 percent lower than the year before, but may not accurately reflect the experience of typical 401(k) participants in 2011,” says EBRI.

At year-end 2011, reports EBRI, “all 401(k) plans held a total of $3.2 trillion in assets.”  The (EBRI) database represents about 44 percent of that total, covering 47 percent of the universe of active 401(k) plan participants... similar to the universe of plans as reported by the U.S. Department of Labor.

Some interesting facts in this 50-page report:

Nearly three-quarters of the participants in the 2011 EBRI/ICI 401(k) database had account balances that were lower than $58,991, the size of the average account balance. In fact, 40.5 percent of participants had account balances of less than $10,000, while 16.7 percent of participants had account balances greater than $100,000.

The bulk of 401(k) assets continued to be invested in stocks. On average, at year-end 2011, 61 percent of 401(k) participants’ assets was invested in equity securities through equity funds, the equity portion of balanced funds, and company stock. Thirty-four percent was in fixed-income securities such as stable-value investments and bond and money funds.

Examination of the age composition of account balances finds that 51 percent of participants with account balances of less than $10,000 were in their 20s or 30s. Similarly, 61 percent of participants with account balances greater than $100,000 were in their 50s or 60s. …

(December 2012, No. 380 Issue Brief: 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2011

BTW, as reported in The Week, we came to depend so much on 401(k)s because when employers realized that they could use them to slash their pension costs by shifting the burden of retirement funding to employees, they adopted 401(k)s in droves. In 1980, 60 percent of private-sector workers with retirement plans had employer-paid pensions; by 2006, only 10 percent did, and 66 percent had 401(k)s.

Fri, 02/15/2013 - 16:02 | 3247472 gianakt
gianakt's picture

This think is never going down, i'm going all in with all my 401k money.

Fri, 02/15/2013 - 16:13 | 3247528 Shizzmoney
Shizzmoney's picture

I took my 401K money to Atlantic City to play poker with it - I won 5K ON TOP of the money I took out, and even made enough to cover the tax expense.

I'd rather chase a flush draw than give my money to Wells Fargo.

Fri, 02/15/2013 - 16:02 | 3247477 No More Bubbles
No More Bubbles's picture

Shares are "PLUNGING?"

Huh?  They are down 2.8%

Take the pig down 20%, then you can use the word PLUNGE!

Fri, 02/15/2013 - 16:48 | 3247680 The Swedish Chef
The Swedish Chef's picture

Downward moves are always plunges on ZH...

Fri, 02/15/2013 - 16:08 | 3247497 css1971
css1971's picture

I honestly don't know any more whether this means it's all going to go up or down.

Fri, 02/15/2013 - 16:09 | 3247502 NoWayJose
NoWayJose's picture

Must have been caused by all those Walmart shoppers blowing their free cash on Silver Eagles in January!

Fri, 02/15/2013 - 16:11 | 3247513 WTF_247
WTF_247's picture

ES is down 5 points - in the past 5 weeks that is a plunge ....

Fri, 02/15/2013 - 16:17 | 3247516 jomama
jomama's picture

It's free, Swipe Yo EBT!


on a side note, if you shop at walmart, you deserve the same wages as the slaves making that junk make.

Fri, 02/15/2013 - 16:11 | 3247518 Son of Loki
Son of Loki's picture

But I bought 1 bottle of Equate Ibuprofen (aka Advil) there the other day.

What more do they want?!

Walmart has priced me out of the market. I have to look at Big Lots and Dollar stores now.


Fri, 02/15/2013 - 16:13 | 3247526 AnAnonymous
AnAnonymous's picture

I Wal-Mart
You Wal-Mart
He/she Wal-Mart
We Wal-Mart
You Wal-Mart
They Wal-Mart

Signed: an American.

Fri, 02/15/2013 - 16:23 | 3247585 IridiumRebel
IridiumRebel's picture

"America must be in the shitter cuz me and 10,000 other Chinese workers at the plant making cheap crap were just laid off..."


Signed: a Chinese.

Fri, 02/15/2013 - 16:58 | 3247709 AnAnonymous
AnAnonymous's picture

You should move to the US, the land of honey and rape. You'll find work.

Fri, 02/15/2013 - 16:16 | 3247538 ghostzapper
ghostzapper's picture

All hands on deck at the primary dealers to close this piece of shit above the 50 DMA and proclaim all is well.

Nothing to see sheeple - run along now. 

Fri, 02/15/2013 - 16:46 | 3247676 ghostzapper
ghostzapper's picture

Like clockwork.  The manipulation and intervention goes well beyond just printing money and pumping it into ES and equities.  Bernanke's crew does everything they can to trigger certain commonly followed TA tactics, setups, etc. to try and keep this entire bloated pig from collapsing.  Not just WMT but you catch my drift.  ANYTHING will be done to make the chart look like it shrugs off any and all news.     

Fri, 02/15/2013 - 16:16 | 3247540 Jim in MN
Jim in MN's picture

In the brave new world, the supermarkets are playing back hard.


Now when we grocery shop we can get most everything we really need.  Throw in a little free shipping for some kids' sweat pants now and then...done.  We just go to malls and such for something to do....maybe get the kids an ice cream cone.  Only when there's some free event or toddler birthday party or whatnot. 


Why would anyone go to Wal-Mart that wasn't a captive customer?  For what, sweat pants.  Right.  Even Costco isn't worth squat any more, we let that lapse this year.  Not worth the effort when they don't even have the right kind of soup, or make you buy half a pallet of crap to get chicken noodle. 

Fri, 02/15/2013 - 16:26 | 3247598 DosZap
DosZap's picture

Cause of most of this (except perishables) is the Internet.It's killing local retail.(IMHO)

You wanna buy a $3000.00 Plasma?,on how bout $500-$700,less, and FREE to your door shipping.

Same goes for nearly everything.

Fri, 02/15/2013 - 19:08 | 3248070 Angus McHugepenis
Angus McHugepenis's picture

Jim, I never understood the Costco concept. Why would I need to show I.D., have my photo taken, and use a special card with a yearly membership fee that tracks my purchases (data mining) for the privilege of spending my money at their store when I can buy the same shit at about the same price in a dozen other stores that don't require such nonsense. Good that you stopped using that useless store. You can find cheaper deals from the weekly sales flyers from other stores without having to buy a truckload of one product to get a fucking discount for "bulk" purchases.

Information is extremely valuable to these fuckers. Every time I get asked for my postal code from some 16 year old cashier I say, "sure, get the manager over here and tell him I'll sell the info for $100 and you have to give me the items I want for free". Shuts them up in no time.

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