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Wal-Mart: "Families Are Adjusting To A Reduced Paycheck And Increased Gas Prices"

Tyler Durden's picture




 

Moment ago Wal-Mart reported a top-line miss, a bottom line beat, a dividend hike and a rather subdued full year forecast ($5.20-$5.40 on Exp. of $5.39), and nobody cared. The only thing that algos and carbon-based lifeforms alike honed in on, was the recap of the most recent 13 week period, to see if WMT was only kidding when it said that February sales, which obviously were not part of Q4 results, were a "total disaster." The reason WMT's stock is not doing to well in the pre-market is that they did not like what they found.

Here is the key section:

"We are confident that our low prices will continue to resonate, as families adjust to a reduced paycheck and increased gas prices," Simon said. "We see the underlying health of the Walmart U.S. business is sound, and sales trends are similar to what we've demonstrated in the last few quarters. However, February sales started slower than planned, due in large part, to the delay in income tax refunds. We began seeing increased tax refund check activity late last week in our stores, resulting in a more normalized weekly sales pattern for this time of the year. Due to the slower sales rate in the first few weeks of this year's first quarter, we are forecasting comp sales for the 13-week period from Jan. 26 to Apr. 26, 2013 to be around flat. We continue to monitor economic conditions that can impact our sales, such as rising fuel prices, changes in inflation and the payroll tax increase."

One can hope that all the other retailers in the US, which are just as dependant on the consumer's discretionary revenue stream which is now certifiably less, will adjust just as well.

 

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Thu, 02/21/2013 - 08:30 | 3262627 doomandbloom
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#Winning

Thu, 02/21/2013 - 08:42 | 3262628 GetZeeGold
GetZeeGold's picture

 

 

BOOYAH!!!!

 

Paging Charlie Sheen.....cleanup on aisle 5.

Thu, 02/21/2013 - 09:07 | 3262707 Lost My Shorts
Lost My Shorts's picture

BTFD !!  BTFDBTFDBTFD

Thu, 02/21/2013 - 09:20 | 3262742 Supernova Born
Supernova Born's picture

Walmart shoppers might not have advanced degrees, but like animals before an earthquake, they can sense a deep and ominous rumbling beneath their feet.

Thu, 02/21/2013 - 09:43 | 3262782 TruthInSunshine
TruthInSunshine's picture

If consumers are feeling less Hope, and scrounging their couch cushions for more Change NOW, as Heath Ledger playing the Joker in The Dark Knight Rises said:

"Just wait until they get a load of [Nominal GDP Targeting Discussed at the G-20]."

Central Banks Discussed Nominal GDP Targets* at G-20 (Businessweek)


*Nominal GDP Price Targeting is central bankster code talk for unleash the tsunami of inflation, which as most of you know, is born of absolute desperation as things "fall apart."

Here's a central bank joke that's relevant for today:

Q:   What does a central fractional reserve bank do when confronted with an absolute, objectively provable failure of massive program having massive adverse consequences?

A:   More of the same.

Thu, 02/21/2013 - 09:48 | 3262837 SafelyGraze
SafelyGraze's picture

high unemployment? check.

government incentives to locate bizness? check.

militarist clock punching? check.

lower-er wages paid in devaluing currency? check.

coverage by "socialist website"? check and check.

http://www.wsws.org/en/articles/2011/09/chat-s23.html

 

Thu, 02/21/2013 - 10:09 | 3262959 BLOTTO
BLOTTO's picture

The average US Wal-Mart customer's income is below the national average, and analysts recently estimated that more than one-fifth of them lack a bank account, twice the national rate.

.

http://en.wikipedia.org/wiki/Walmart

.

(Please take the wiki reference with grain of salt for reliable info...of course...)

Thu, 02/21/2013 - 10:51 | 3263120 MachoMan
MachoMan's picture

In other words, the first people eaten by the grinder otherwise known as cost-push inflation.

Thu, 02/21/2013 - 11:49 | 3263393 McMolotov
McMolotov's picture

That deep and ominous rumbling is usually the 400-lb woman on the scooter behind you.

Thu, 02/21/2013 - 14:08 | 3264019 Evolution Gene
Evolution Gene's picture

Hope they keep the bagz of Cheeze-It's on the lower shelf...

Thu, 02/21/2013 - 08:33 | 3262631 JackT
JackT's picture

Won't be long until that $5.39 exp. is forgotten

Thu, 02/21/2013 - 08:34 | 3262629 NoDebt
NoDebt's picture

You're not getting poorer, it's your memory that is playing tricks on you.  Grab your tax refund check, click your heels 3 times and off to a Kansas WalMart you go.

 

Thu, 02/21/2013 - 08:48 | 3262668 Bad Attitude
Bad Attitude's picture

I would have expected Walmart to be the prime beneficiary of the increasing enrolements in SNAP/Food-Stamps.

Forward!

Thu, 02/21/2013 - 09:06 | 3262701 Son of Loki
Son of Loki's picture
Florida to expand Medicaid under health overhaul

 

TALLAHASSEE, Fla. (AP) -- Gov. Rick Scott announced plans Wednesday to expand Medicaid coverage to roughly 900,000 more people under the federal health overhaul, a surprise decision from the vocal critic of President Barack Obama's plan.

 

 

http://news.yahoo.com/florida-expand-medicaid-under-health-223029781.html

 

Open your wallets...be generous....the "funny" side effect of adding millions of people to Medicaid is fewer and fewer doctors accept this insurance anymore. I can't blame them. Getting paid 10 cents on the dollar ain't no fun for them. Fewer then 6% of the docs in my town accept M/M nowadays.

Thu, 02/21/2013 - 09:38 | 3262801 GeezerGeek
GeezerGeek's picture

The Scott plan only extends for three years, during which the Federal contribution to Florida's Medicaid plan will be 100%. Thereafter it is to slide to 90%, and Scott has chosen to decline commiting to taxing Floridians 3 years in the future. Besides, he's up for reelection soon and has to fend off challenges to his compassion. One of the names being floated around as his opposition is Charlie Crist, the ex-Republican ex-governor Obama-hugger who lost to Senator Marco Rubio.

 

Thu, 02/21/2013 - 08:35 | 3262636 Desert Rat
Desert Rat's picture

Cant wait for the 27th to see if the glow has faded from TGT as well...

Thu, 02/21/2013 - 08:38 | 3262643 dobermangang
dobermangang's picture

The real disaster will be JCP.  Let's see how their "everyday low prices" campaign fares when their lack of earnings report comes out on the 27th.

Thu, 02/21/2013 - 08:41 | 3262649 Desert Rat
Desert Rat's picture

Oh yeah, no doubt JCP is f'ed... TGT is at least an analogue to WMT... 

Thu, 02/21/2013 - 08:57 | 3262684 disabledvet
disabledvet's picture

if they fail (and i would like to tell you they will not) it's because they've done the right thing. "standing around looking like a jack ass" is a bad way to bankrupt as a retailer...though the most common. I'm not a bear even if i get my 40% down move. "everyday low prices" is part of the value equation...and Penney's is going the extra mile by trying to "bring forward" something "not stale." Wal Mart is not alone...fighting for the PENNIES of these US based consumers is going to be a real challenge this year...hopefully not next of course. the Government has ordered the American people to stop spending...and they are obliging. there are so many ways to...ahem "give" ahem...so much more than already is being done...well, we'll just have to wait and see. with Sequestration just days away "it's about to get a lot harder." (it would be a lot worse without Sequestration in my view.) i have a hard time seeing how energy prices are going to be a problem going forward...but i look forward to being wrong on that one too.

Thu, 02/21/2013 - 09:29 | 3262768 LawsofPhysics
LawsofPhysics's picture

"i have a hard time seeing how energy prices are going to be a problem going forward.."

-------------------------------------------------------------------------

Why, are the 7 billion+ people on the planet who are demanding/seeking a higher standard of living going anywhere?  Stop being so "merica-centric", there is plenty of demand for energy on the planet.  So long as there is demand, the "price" will hold (econ 101).  I use quotations around price because in many cases folks are already trading things like chickens for some fuel.  Welcome to global currency collapse, but should we have expected anything else from a fiat world where fraud is now the status quo?

Thu, 02/21/2013 - 15:06 | 3263165 MachoMan
MachoMan's picture

Look at it this way, what seems to increase in price and hit peaks just about the time the broader economy rolls over?  One might say that increased "energy" prices aren't a big deal because the price will eventually be reduced to the level of affordability (of course ignoring that producers along the way are having margins compressed to the point of insolvency as well as the "who" gets to afford it).  However, in order to get what you want, the broader economy will need to be in shambles first (moreso than it is already)...  on a fundamental product like that, the destruction to economic activity in general is astounding.  It's gas prices that dictate demand, not vice versa, although elasticity does have a breaking point.

I also suspect (without actually plotting it) that we're becoming more and more susceptible to gasoline price shocks.  In other words, the economy is less and less able to deal with price increases.  Behavior begins changing in reaction to price increases more quickly than previously (less savings/security), but slower to price decreases than previously (slower recovery). 

Thu, 02/21/2013 - 08:36 | 3262637 Edward Fiatski
Edward Fiatski's picture

Bread without butter, bitchez.

Thu, 02/21/2013 - 08:48 | 3262667 GetZeeGold
GetZeeGold's picture

 

 

No butter and no ammo......this place is going downhill fast.

Thu, 02/21/2013 - 11:55 | 3263445 gkoinm
gkoinm's picture

True.  I think they are also underestimating the number of people (like myself) who will not step into another WalMart since they stopped selling ammo....

Thu, 02/21/2013 - 09:51 | 3262850 TheMerryPrankster
TheMerryPrankster's picture

Marie, was told the peasants were getting angry because they had no bread to eat, she replied, if they had no bread let them eat cake.

The French Revolution started 3 weeks later and Marie was beheaded.

Thu, 02/21/2013 - 11:57 | 3263456 McMolotov
McMolotov's picture

In a world where the specter of inflation can be whisked away by the magic of product substitution, bread and butter will soon be replaced by generic saltines and used vegetable oil.

But at least the government will be able to tell us the CPI is under 2%.

Thu, 02/21/2013 - 08:38 | 3262639 Tango in the Blight
Tango in the Blight's picture

They better invent robot consumers quickly. The human consumers are increasingly more insolvent and at the end of their credit lines.

Thu, 02/21/2013 - 10:06 | 3262944 Whoa Dammit
Whoa Dammit's picture

A local TV news on-line poll here in Atlanta asked how many miles were on people's cars. 44% had over 100,000 miles, Followed by 28% with 50,000 to 100,000 miles. 

Consumers are about to be literally stopped in their tracks.

Thu, 02/21/2013 - 11:12 | 3263204 MachoMan
MachoMan's picture

Sounds like we need to clean out those old beaters with another cash for clunkers...  might also help with the channel stuffing issue.

Thu, 02/21/2013 - 08:46 | 3262644 Sudden Debt
Sudden Debt's picture

I HATE IT WHEN A PLAN DOESN'T COME TOGETHER!

.                                                                       J. HANNIBAL

 

NOW LET'S CALL THE B-TEAM!!

Thu, 02/21/2013 - 09:07 | 3262706 HD
HD's picture

I pity the fool who doesn't get this reference...

Thu, 02/21/2013 - 08:40 | 3262646 venturen
venturen's picture

I saw bernanke piling new stuff into a dumpster in front of all is Wellmart.. 

Thu, 02/21/2013 - 08:41 | 3262647 Son of Loki
Son of Loki's picture

Free money from the Fed for banks is the only thing that matters these days. Walmart is not in that 'favored' group...neither is (was) Hostesss. Walmart needs to follow Bankfein's lead and convert into a bank holding company...then sales/revenue will no longer matter.

Thu, 02/21/2013 - 08:41 | 3262648 John McCloy
John McCloy's picture

Alright..now when's our next EU bond non repayment crisis set to bring some entertainment?

Thu, 02/21/2013 - 08:56 | 3262682 max2205
max2205's picture

If you don't pay taxes how do you get a refund? 

Thu, 02/21/2013 - 09:08 | 3262710 HD
HD's picture

"Turbo Tax worked for me!"  Tim G. from Washington D.C

Thu, 02/21/2013 - 09:18 | 3262737 Teamtc321
Teamtc321's picture

Simple, shit out a whole slew of kid's.

Thu, 02/21/2013 - 09:19 | 3262738 sunnyside
sunnyside's picture

Earned Income Credits (EIC), which is in fact not earned, but given freely.

Thu, 02/21/2013 - 11:29 | 3263298 Alpha Monkey
Alpha Monkey's picture

You live off the GI Bill with no other reported income and claim expenses for school.  Thank you for your moneees! 

Thu, 02/21/2013 - 08:42 | 3262652 Sudden Debt
Sudden Debt's picture

Maybe they're all eating their freezedried food they where stacking for that Mayan end of time shit thing?

WHO WANT SOME MORE POWERED SCRAMBLED EGGS KIDS?!

Thu, 02/21/2013 - 09:44 | 3262822 knukles
knukles's picture

Mommy, can I have some more Tang, please?

 

mommy, daddys out inthe garage drinking that agent orange and acting goofy again

Thu, 02/21/2013 - 08:43 | 3262654 Ima anal sphincter
Ima anal sphincter's picture

Families are getting raped by the government. "All your money is ours."

How many times must we get kicked in the head before we say ENOUGH?

Thu, 02/21/2013 - 08:43 | 3262655 Cursive
Cursive's picture

Translation:  Our business is entirely dependent on the government, which drove the public into poverty and now sends subsistence checks to the plebs.  At least we drove out local businesses by getting property tax exemptions from muncipalities and counties and municipal bus lines re-routed to our stores, so we own most of the underclass markets!

Thu, 02/21/2013 - 08:59 | 3262688 disabledvet
disabledvet's picture

Gary, Indiana...say hello to the USA. USA? Say hello to Gary, Indiana.

Thu, 02/21/2013 - 09:00 | 3262690 Bobbyrib
Bobbyrib's picture

It wasn't just the government that drove the public into poverty, it was the policies of companies like WalMart to push production overseas to offer the cheapest products on the market. I do not feel sorry for these fuckers one bit. You reap what you sow.

Thu, 02/21/2013 - 10:08 | 3262956 notadouche
notadouche's picture

Yeah forcing competition is a bitch when your on the losing side.  How many years was America on the winning side and no one complained then.  Our society is supposedly built on competition that is until the government started picking the winners and losers which threw the entire system out of balance.  Hard to blame Walmart for that.

Thu, 02/21/2013 - 10:17 | 3262991 kridkrid
kridkrid's picture

I think you're one step removed from the answer. A sort of "what came first, the chicken or the egg".... but Wal Mart simply represented the logical evolution within a system that requires infinite growth on a planet with finite resources. Local retailers weren't capable of the growth that the system required... and certainly locally manufactured products couldn't provide the growth that the system required... SO.... Wal Mart. And if it wasn't Wal Mart, it would have been someone else.

The problem... the system still requires infinite growth... and I'm not sure there is another step beyond "globalization" to get us there.

Thu, 02/21/2013 - 11:18 | 3263228 MachoMan
MachoMan's picture

Walmart typically sells OTHER PEOPLES' PRODUCTS.  If they offshore in order to meet their profit desires, then so be it...  walmart will then sell goods from wherever the manufacturers decide they want them produced.  Walmart has changed some things about its business model (private label products, partnerships with producers, consignment, etc.), but the gist is that it's simply a brick and mortar forum for others to push their wares.

And don't feel sorry for walmart...  feel sorry for the folks that can't even afford to shop at a low cost leader (although walmart isn't necessarily the lowest anymore on quite a few goods).  Presuming of course they're not deadbeats and their situation is largely derived from poor personal choices.

Thu, 02/21/2013 - 09:06 | 3262704 CPL
CPL's picture

And they are still completely unable to make a profit.

 

Sad huh?

Thu, 02/21/2013 - 09:30 | 3262773 sunnyside
sunnyside's picture

I think of this when I think about the post office.  They are almost like a utility.  What are your costs, set your fees, pay a dividend. It cannot get any easier.

I truly don't give a rats ass what you pay your people or 27 layers of management, just know what way your volume is trending to and that is what a stamp is going to cost.  My 14 year old son could balance their books.  You may not like a letter costing 1.50, but if you choose to have labor and management on the pay scale that you do, then so be it.  Let the market decide.  The post office currently is the poster child of why gov't cannot work effectively.  They do not understand P/L, and therefore will not make the hard decisions regarding pricing or expenses.

Thu, 02/21/2013 - 09:30 | 3262775 Winston of Oceania
Winston of Oceania's picture

Well if your busy body local gubment would forego taxes on ALL business then you may still have some. You are the ones that made business impossible for mom and pop, now you all whine about it. In the end the last guy in line holds the bag, that is the consumer, he/she pays ALL the tax. The is no place called utopia so quit trying to do it off the backs of the productive.

Thu, 02/21/2013 - 08:44 | 3262658 jcaz
jcaz's picture

Stock is actually up premarket, dude-  bad is good, I guess.... 

Pretty interesting that it didn't puke, even as they drop their forecast....

Thu, 02/21/2013 - 08:44 | 3262660 youngman
youngman's picture

Wallmart allows their customers cash their government checks in the store.....so they know...bo knows .....how the economy is...

 

Thu, 02/21/2013 - 08:46 | 3262662 booboo
booboo's picture

Can't imagine sitting a Walmart HQ vendor booth in Bentonville, having a my nutsack stuck in a vice and a purchasing agent telling me what I am going to sell my product for in their stores. Probably worse then a Hanoi Hilton interrogation cell. Wait till Obama care kicks in, oh my.

Thu, 02/21/2013 - 08:58 | 3262687 dobermangang
dobermangang's picture

It reminds me of that great Walmart article talking about Vlassic Pickles.  A very interesting read.

http://www.fastcompany.com/47593/wal-mart-you-dont-know

Tens of millions will have that Obamacare tax forced on them next year.  $800 dollars less to spend(obamacare tax) or $8,000 plus less to spend if they buy skyrocketing health insurance.  Congress should read the bills they vote on.

Thu, 02/21/2013 - 09:19 | 3262739 Shizzmoney
Shizzmoney's picture

What's funny is that WMT wants the lowest prices from their vendors, but good enough quality of the products being made.  These WIDELY contradict, because if you want good shit to be made - you need to PAY (even the top of the Chinese vendor food chain).  It slashes into vendor's profit margins (and that cash goes rightonto WMTs balance sheet).

Wal-Mart is a comany that is a walking contradiction....that's why it is a bubble, especially once the oil prices hyperinflate due to availability because it relies SO much on these "rolling warehouses" via freight and JIT delivery.

Thu, 02/21/2013 - 10:27 | 3263039 kridkrid
kridkrid's picture

I agree with what you have written, but it's not just a walmart thing. I wrote kind of the same thing above, but walmart is just the name we give to the natural evolution of the system. Our economic system is built on a requirement of infinite growth. The system churned out pieces that couldn't grow in a manner required of the system. It works fine... until it doesn't. It's no different than housing. Everything rested on the assumption that prices always go up. When it wobbled, it crashed. That's the global economy.

Our whole existence is built on a JIT, infinite growth paradigm. We are experiencing a slow motion train wreck.

Thu, 02/21/2013 - 09:40 | 3262811 Miss Expectations
Miss Expectations's picture

The Bentonville vendor booths should be cordoned off with crime scene tape.  The "better business model" success story is complete and utter Bullshit.  If you don't do what they want, one method they use is to threaten to kill your children (new product launches).  How they get such good deals (vs other retailers) should be a question on the radar of any curious prosecutor.

Thu, 02/21/2013 - 08:48 | 3262665 Super Broccoli
Super Broccoli's picture

fundamentals ? what's that ?

Thu, 02/21/2013 - 08:56 | 3262681 GetZeeGold
GetZeeGold's picture

 

 

It's DOW 14K.....and no jobs.

Thu, 02/21/2013 - 08:48 | 3262666 BandGap
BandGap's picture

Bought 100 ounces yesterday. Nice and shiny.

We ared still looking at trees going up in flames. Look at the forest.

Thu, 02/21/2013 - 08:51 | 3262673 booboo
booboo's picture

Thats 68 ounces over the legal limit in New York

Thu, 02/21/2013 - 08:51 | 3262672 SqueekyFromm
SqueekyFromm's picture

Oh, this needs an Irish Poem!

 

Diametrics

There once was a Wal-Mart door greeter.

Who traveled to work in his beater.

With joy he did jump,

At three bucks at the pump,

Oh wait! OH CRAP!!! That's per liter. . .

 

Squeeky Fromm

Girl Reporter

Thu, 02/21/2013 - 09:04 | 3262698 GetZeeGold
GetZeeGold's picture

 

 

I stand in the presence of brilliance....well done sir.

Thu, 02/21/2013 - 10:15 | 3262984 Hulk
Hulk's picture

I have firm evidence that she is a "girl reporter"

Well done Squeeky !!!

Thu, 02/21/2013 - 10:26 | 3263032 SqueekyFromm
SqueekyFromm's picture

Thank you Hulk and GetZ! I am glad you enjoyed it.

Squeeky Fromm

Girl Reporter

Thu, 02/21/2013 - 08:52 | 3262674 PUD
PUD's picture

Google price target lifted to $1,000 at Bernstein  THAT'S ALL YA NEED TO PUT THE SHEEP BACK TO SLEEP

Thu, 02/21/2013 - 16:28 | 3264619 The_Dude
The_Dude's picture

Wow...same advice from this 16-yr old prodigy.  You wonder if these people are ever ashamed of pushing this bull$%^.

http://www.businessweek.com/videos/2013-02-15/is-this-16-year-old-stock-...

 

Line up sheep...Line up

Thu, 02/21/2013 - 08:54 | 3262677 q99x2
q99x2's picture

Boycott Walmart. Kick them when they are down. Get those middlemen scum and their junk out of this country now.

Thu, 02/21/2013 - 08:54 | 3262678 PowerzThatB
PowerzThatB's picture

Gasoline prices are so high because the economy is going strong (as Obama told us in the Prez. debate). 

Thu, 02/21/2013 - 09:51 | 3262848 SmallerGovNow2
SmallerGovNow2's picture

psst...  your sarc switch is in the on position....

Thu, 02/21/2013 - 08:58 | 3262685 orangegeek
orangegeek's picture

Oil prices are falling hard. Gas prices follow oil prices.  Gas at the pump should fall in the weeks to come.

 

http://bullandbearmash.com/chart/wti-oil-falls-sharply-wave-3-commences/

 

This is no consolation as deflation should pick up momentum.

Thu, 02/21/2013 - 09:04 | 3262700 Bobbyrib
Bobbyrib's picture

Except for the fact that there is reduced refinery capacity. People have to drive less in order for prices to fall. Then they will just export the excess gasoline to keep prices inflated. You can't win.

Thu, 02/21/2013 - 09:14 | 3262722 From A West Tex...
From A West Texas Desk's picture

Gas Prices seem to have gotten Way-Ahead of Crude-Oil to begin with ...

as the charts suggest at www.WestTXTrader.com .

 

Thu, 02/21/2013 - 09:33 | 3262785 LawsofPhysics
LawsofPhysics's picture

Wake me when those 7+ billion people are no longer demanding/seeking a better quality of life.  Demand for things like food and fuel isn't going away anytime soon, especially since one relies heavily on the other.

Now remind us, what's the supply chain for both currently looking like?  What's that econ 101 lesson about supply and demand again?

BTFD

Thu, 02/21/2013 - 09:45 | 3262831 forwardho
forwardho's picture

Light bulb moment.

All expect unlimited exponential growth. infinitely.

That is a complete suspension of the basic Laws of Physics.

 

Thu, 02/21/2013 - 09:03 | 3262695 Headbanger
Headbanger's picture

All together now...

La la la la la la.....

Thu, 02/21/2013 - 09:08 | 3262709 GetZeeGold
GetZeeGold's picture

 

 

You know Zanna Friske too? You must be from Moscow.

http://www.youtube.com/watch?v=Xr-GX2dteNg

Thu, 02/21/2013 - 09:31 | 3262777 King_Julian
King_Julian's picture

That woke me up. Thank you Tovarish GZG! Dobri den!

Thu, 02/21/2013 - 09:56 | 3262868 GeezerGeek
GeezerGeek's picture

I can't get Google Translation to translate the words of the song into English as they are sung. Is this a bug or is it a feature?

Guess I'm going to have to spend some time and learn Russian. 

Thu, 02/21/2013 - 11:12 | 3263206 hardcleareye
hardcleareye's picture

Hmm a liitle soft porn with my coffee........  lol

Thu, 02/21/2013 - 09:05 | 3262702 grunk
grunk's picture

Can you still park your RV in the WalMart parking lot?

Maybe Walmart could start little WalMart tent cities to save on gas.

Thu, 02/21/2013 - 09:38 | 3262798 forwardho
forwardho's picture

G, over 60 large RVs beached at the local WM in miami this morn.

They are largered together for protection, just like the wagon trains of old.

Thu, 02/21/2013 - 09:38 | 3262800 TheMerryPrankster
TheMerryPrankster's picture

Those are for empoyees only. Only the serfs may live on the grounds of the estate.

Thu, 02/21/2013 - 09:07 | 3262705 the not so migh...
the not so mighty maximiza's picture

Wall mart helped kill mainstreet, fuck um

Thu, 02/21/2013 - 09:25 | 3262759 Sudden Debt
Sudden Debt's picture

No, capitalisme is Wallmart and wallmart is capitalisme.

Free trade killed mainstreet.

Thu, 02/21/2013 - 09:45 | 3262828 Red Raspberry
Red Raspberry's picture

No free trade withthe deals WalMart makes with local government.  TIFs, specal fee waivers.....

Thu, 02/21/2013 - 10:09 | 3262904 notadouche
notadouche's picture

No, mainstreet couldn't compete.  That's like cursing the lion for eating a gazelle.   Laws of nature also apply in business.  What, we are supposed to support Mom and Pop's, regardless of price offering as well as selection and inconvenience?  You live in a world that is not based in reality.  At the end of the day, no matter how much humans want to deny, we are all still subject to the basic laws of survival of the fittest and when we interfere with that law based on the notion of Social Justice or whatever the hell else you want to call it is when society, economics, etc... derails.   Walmart at one time was a 1 store shop going up against the behemoths of Kmart, Ben Franklin's etc... and Sam Walton was ridiculed and told he could not compete.  They were the mainstreet at one time and they evolved and did it better than the old Kings.  Know your history before you spout off about what you obviously know little about.

Thu, 02/21/2013 - 10:43 | 3263093 kridkrid
kridkrid's picture

I think your story is incomplete and a bit slanted. Wal Mart is neither the hero nor the villian. They are the manifestation of an economic system that requires infinite growth. The problem... finite resources. Once we have squeezed every last drop through economies of scale (to include global slave labor) and any sort of technological advances, the system will still require growth. From where does that come? The finite resource bit is starting to squeeze with increase fuel costs... and that won't go away.

Thu, 02/21/2013 - 12:13 | 3263535 notadouche
notadouche's picture

I can agree with you and wasn't my intent to make Walmart to be a hero.  More of a contrairian based on all of the other posts.  They are not a hero, they are just a corporation.  Now I might make the case that Sam Walton, not a hero so much, but was certainly a man to be respected and while he was alive did treat his employees well and ran a very tight ship.  I actually have reasons to despise Walmart but think it wrong to slam a company because it's the popular thing to do.  I always contend if it sucks as bad as everyone seems to think it does then it shouldn't be long before it's demise.  I mean who buys from a company that sucks and who would work for a company that sucks.  Right?  Using today's vernacular sucking is unsustainable.

Thu, 02/21/2013 - 09:11 | 3262714 Shizzmoney
Shizzmoney's picture

Again, no mention of stagnating incomes not just at WMT, but across the board.....

Why yes, of course Wal-Mart......the public gets an average of $600 in tax returns.  Of course those being late are the reason no one wants to buy shit at your stores (because when they do get that check ,they go straight ot WM!)......not the use of Chinese slave labor, the fact your average employees need to rely on the State for basic food and health needs AFTER their meager pay, not the fact that you give million to charities as a way to bribe "urban" neighborhoods to come in with your stores and kill small business.  

Nope, not your fault at all, Wal-Mart! #fail

Thu, 02/21/2013 - 09:17 | 3262729 NoWayJose
NoWayJose's picture

Not many people I know get income tax refunds by early February.

Thu, 02/21/2013 - 09:24 | 3262754 Winston of Oceania
Winston of Oceania's picture

Consider that WMT also sells groceries to an ever increasing degree and THINK for a moment what sales would be on purely discretionary items. Look to those retailers for direction going FORWARD, their sales should be negative.

Thu, 02/21/2013 - 09:29 | 3262766 j0nx
j0nx's picture

Only thing that Americans are spending money on these days is lead, brass and copper and objects that propel the three. Since Walmart has all but stopped stocking and selling ammo (for political reasons most likely) there is absolutely ZERO reason to shop there for me and millions of others now. Pick a side because there is no more cooperation possible at this point. Civil War 2 within 5 years just as planned if you ask me. Hope I'm wrong. Doubt I am.

Thu, 02/21/2013 - 10:18 | 3262997 khakuda
khakuda's picture

Weird.  They still stock it in a store I was in this weekend, all of 25 miles from Newtown, CT.  Not exactly politically correct, but they had it.  That said, the Dicks Sporting Goods had cleared the gun and ammo racks.

Thu, 02/21/2013 - 10:00 | 3262892 tnquake
tnquake's picture

Wally World to buy moar US made goods!!

Is this like the goods that are made in Mexico, China, etc... and "packaged" or "assembled" in the US?

http://upstart.bizjournals.com/companies/rebel-brands/2013/01/16/wal-mar...

Walmart... ptooie!

Thu, 02/21/2013 - 10:03 | 3262916 Phoenix_Rising
Phoenix_Rising's picture

OT but very interesting.....

http://www.activistpost.com/2013/02/how-can-security-companies-have-this...

The great China cyber-crime dupe...

Thu, 02/21/2013 - 10:03 | 3262919 Yes_Questions
Yes_Questions's picture

 

 

So sales will be flat at the company store.

Fuck You Waltons!

Thu, 02/21/2013 - 10:24 | 3263021 notadouche
notadouche's picture

It would be interesting to know how many posters actually have any knowledge of how Walmart operates versus how many just read some stupid HuffPo article to get your info.  Too many post are obviously ignorant.  You should at least know something about the topic in which you speak.  So many ignorant post just sounding off with "Fuck this and Fuck that..." without having a clue beyond some NY Times headline or whatever.  Bottom line is this.  If you have a better business model to bring goods to market than Walmart, do it.  Do what Sam Walton did and punch Kmart and Ben Frankin's and Target  etc...in the nuts starting with an idea and a single 5 and dime store.  Otherwise your just spouting off about a bunch of crap you no nothing about in you mommy's basement hot pocket in hand.  

Do they run rough shod over vendor's.  Hell yes they do and they've done more in the last two decades to insulate common folk from inflation than any other institution.  If the vendor's had their way price increases would've taken place years ago.   When Walmart loses the price battle, watch out becuase you will then see what hyper inflation really looks like.  I don't see another company hiring retards and old people to sit at the front of the store to greet their customer.  You may not like it and make fun of it but those people that fill the position obviously appreciate the extra money they get or they wouldn't do it to begin with.  The largest retailer in the world HQ is a dump.  Compare that to the largest investment bank HQ.  The employees, execs and all are no frills deal.  Compare that to the vendor's and bankers.  Yet Walmart is your biggest enemy and what is wrong with the world.  Really.  How about a reality check.

Thu, 02/21/2013 - 10:54 | 3263128 overmedicatedun...
overmedicatedundersexed's picture

sam walton was a nationalist, early on it was American made stuff in his stores, not today. walmart became a monster because of size, and the "proper people" now run it. it is too big to let just anyone run it. and is like facebook and google run by the people .gov and elite want there.

Thu, 02/21/2013 - 11:09 | 3263192 notadouche
notadouche's picture

Now that part I can agree with.  It comes to me that when a company goes public and has to play the Wall Street game is when the worm turns so to speak.  At one point all of these giant behemoths that everyone loves to hate started out as the underdog everyone loves.  The only thing off the top of my head that changes the game is going public.   Well another notion is that society seems to love something, build it up only to find reasons, real or imagined, to turn from love to hate.    Apple, Microsoft, Walmart, McDonalds Starbucks...the list goes on for beloved little guys that became hated big guys on the block.  Go figure. 

Thu, 02/21/2013 - 11:02 | 3263155 hardcleareye
hardcleareye's picture

Oh were to start.......

Maybe we should compare Wallmart to this Ann Rand quote... (not a person I admire but one that seems to be respected on ZH)

"America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance -- and thus the whole country was moving forward and profiting, not suffering, every step of the way.

AYN RAND, Capitalism: The Unknown Deal

So does wall mart give the people better jobs, higher wages and at the end of the day are we truly getting "cheaper goods" after they have eliminated most of the competition??????
Thu, 02/21/2013 - 11:25 | 3263270 notadouche
notadouche's picture

Well I would say Walmart employs millions world wide.  I don't know the exact figure but just for argument sake they employ a million people.  I contend that whatever wage walmart is paying is higher than not having a job.  If you shut down Walmart tomorrow as it appears you would wish, who is soaking up those that are unemployed.  And just what is a cashier supposed to make anyway?  Or a greeter?  Outside of corporate and store management you do a disservice thinkng that a cashier is nothing more than either a job to bring in some extra money or a job gotten to lead to better employment as the person gains skills and education.  To assume that the cashier or greeter is a career to raise a family on is a ludicrous notion especially given the technology that exist where one can self check and a cashier could be made obsoletete.    Why do people expect a floor sweeper to make a wage that should support a family?  

At some point you have to understand business and industry and profit margins if you want to debate capitalism.  Now if you want to live in the society where the cashier makes the same as a VP, Congressman or CF for the Yankees then your talking about a society that doesn't exist in America (yet) and it's an entirely different debate.  

There is no such thing as a perfect corporation as there is no such thing as a perfect person.  Never has been and never will be.  Utopia exist only in the imaginations of the unrealistic.  We are still part of the animal kingdom and while we are able to tweak things the gazelle and the lion can't, we are still subject to the laws of nature, laws of business etc...

Your beef should be more with our elected officials of both parties for many decades and not with any corporation unless there is a clear case of neglect like New England pharmacy fiasco.

 

Fri, 02/22/2013 - 15:59 | 3267848 RKDS
RKDS's picture

if you want to live in the society where the cashier makes the same as a VP, Congressman or CF for the Yankees

That's a straw man, isn't it?  Nobody would argue that a VP shouldn't be paid more than a cashier.  That a VP shouldn't be paid TWENTY THOUSAND TIMES more than a cashier is a completely different story, especially when taxpayers are forced to subsize that cashier to keep the VP's margins as high as he believes himself entitled to.

Thu, 02/21/2013 - 10:49 | 3263114 Caveman93
Caveman93's picture

What's a tax refund?

Thu, 02/21/2013 - 11:25 | 3263267 rsnoble
rsnoble's picture

Boy that's a great PR headline!  More like a slow death and tent city would be more correct.

Good luck to all the morons buying up rentals thinking they can rent them for $1k+ per month.  Not unless you don't mind 10 families living in them.

The US is fucking finished I don't know how many times I need to say that.

Oh and fuck Walmart.  Get a 3D printer and make your own plastic fucking garbage and fuck China while  you're at it too.

Thu, 02/21/2013 - 11:31 | 3263307 notadouche
notadouche's picture

Can those 3d printers produce housing for 5 yet?

 I believe you are 100% right however I think the old axiom about the market staying irrational longer than you can stay liquid will apply to the US and European systems as well.  These elites aren't going down without a fight.  This has been dragging on for some years and could limp along for decades and the end will probably be left for my children to deal with as I will be long gone.  

Thu, 02/21/2013 - 11:40 | 3263345 Wtfcity
Wtfcity's picture

I avoid shopping at Walmart like the plague. Cheap is not always good and good aint always cheap. As far as being a vendor , when did common since go out the window. Being in business is for only one outcome. To make a profit. I would rather sell a million of an item and make a profit for the year rather than sell 10 million at a loss. How stupid do you have to be. Do the dang math. Oh I forgot, its the new math. Selling products at aloss is killing it. Morons!! USSA

Thu, 02/21/2013 - 11:57 | 3263457 notadouche
notadouche's picture

Well you may have your own answer.  You think Proctor and Gamble, Colgate, etc... are actually selling their products at a loss at Walmart.  Really?  C'mon now.  They just arent' getting the margins they would prefer but make no mistake they aren't stocking thousands of Walmarts all over the country to sell their products at a loss.   

As far as shopping at Walmart you should consider yourself lucky as you must live in a diverse area that gives you many choices.  Many smaller rural towns, like the one I grew up in was a pain in the ass to buy anything less you drive 30 miles to the bigger city until Walmart opened its doors.  You can't know what it's like until you live it.  No way to understand unless you live it but much easier to pontificate I'm sure.  

I wouldn't shop there now because I have choices but at a time when I didn't have a choice I was glad to have one open up.  In the end that Walmart led to the opening of many other chain stores etc... in that town.  Does Walmart get credit for that, maybe, maybe not but no one else was moving to that town until after Walmart was established.  

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