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 - 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 1st...drive 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
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