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Wal-Mart Situation "Getting Worse" New Leaks Reveal

Tyler Durden's picture




 

Two weeks ago, Wal-Mart stunned the world when a leaked memo discloses that February sales had been a "total disaster" and the company was facing the worst February start since 2006. Today, Bloomberg's deep throat in Bentonville strikes again, as a new leak emerges. "Wal-Mart Stores Inc (WMT), already struggling to woo shoppers constrained by higher taxes, is “"getting worse" at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News. "We run out quickly and the new stuff doesn’t come in," U.S. Chief Executive Officer Bill Simon said, according to the minutes of the Feb. 1 meeting. Simon called “self-inflicted wounds” Wal-Mart’s “biggest risk” and said an executive vice president had been appointed to fix the restocking problem, according to the minutes."

So even as the market completely ignored the Wal-Mart revenue issue, which is "getting worse", the bigger problem is that now it appears to be affecting the company's supply-chain, which likely means that all of WMT's upstream vendors are suffering from the same malaise that has gripped all those entities that still rely on such historical trivia as profitability and cash flow:

Wal-Mart’s inability to keep its shelves stocked coincides with slowing sales growth. Same-store sales in the U.S. for the 13 weeks ending April 26 will be little changed, Simon said in the company’s Feb. 21 earnings call. Comparable sales increased 1 percent in the fourth quarter, compared with an average of 1.4 percent from analysts surveyed by Bloomberg. This year the shares gained 4.2 percent through yesterday, compared with a 5 percent advance for the Standard & Poor’s 500 Index.

 

Evelin Cruz, a department manager at the Wal-Mart Supercenter in Pico Rivera, California, said Simon’s comments from the officers’ meeting were “dead on.”

 

“There are gaps where merchandise is missing,” Cruz said in a telephone interview. “We are not talking about a couple of empty shelves. This is throughout the store in every store. Some places look like they’re going out of business.”

 

Cruz, 41, who has worked at Wal-Mart for nine years and oversees the photo and wireless sections at her store, said it can take weeks or months for merchandise to be replaced after it sells out.

 

“My camera bar hasn’t had cameras since early January,” she said. “They let the merchandise phase out but nothing new comes in to replace them. We’re supposed to have 72 cameras but we maybe have 12. What are customers supposed to buy?”

Sure enough, WMT again has pre-canned (pardon the pun) excuses for what this second leak is supposed to mean:

“There’s a number of misinterpretations and half- thoughts” in the documents, which were not official company minutes, David Tovar, a Wal-Mart spokesman said in a telephone interview.

 

When Simon said things were “getting worse” he was referring to “modular changes,” the process of replenishing merchandise to keep up with customer demand and changing seasons, Tovar said. Wal-Mart is working to “manage this in the most efficient way possible,” he said.

 

“We’re very pleased with our in-stock position,” he said, adding that products audited by the company and its consultants match or exceed historical levels. He declined to disclose what those levels are.

 

Tovar declined to make Simon available for comment

Naturally, following WMT's earnings, which showed that in the fourth quarter all was well, the market promptly forgot the recent "totally disastrous", completely oblivious that February is in the current quarter, and the management is obviously stonewalling the reality facing the retailer.

Yet if indeed there is a major issue affecting the world's most efficient logistical chain, what can other retailers say? And what are the implications for all other global trade routes, both macro and micro? Because if trade, which has been a casualty of central planning for years, is buckling, then is the scenario so vividly described in ""Trade-Off": A Study In Global Systemic Collapse" finally starting to come true?

 

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Thu, 02/28/2013 - 21:05 | 3288479 monad
monad's picture

I'm looking at Bernanke and the congress and thinking they all realize that there's a drone overhead with NDAA2012 authorization. They will dance their asses off...

Thu, 02/28/2013 - 01:20 | 3284625 JR
JR's picture

They take the business of locals away but in many cases it was a business that would not be making it now. Can you imagine what would have happened to places where incomes are low such as Great Bend, Kansas, without a Wal-Mart --prices going through the roof; food/clothing/tools/farm and school supplies… all out of reach of the locals?

Wal-Mart is an incredibly popular store. Why? It provides lower cost merchandise coupled with higher quality for a price that working people can handle.  And let me ask you: did Costco, or Home Depot, or Lowe’s, or Target or Chase take away any mom and pop businesses in your home town? Why the prejudice? Are you a victim of the MSM?

As for taking away jobs, the Home Depot operates 2248 big-box format stores across the United States and is the winner in that category.

I remember the corporate news media gleefully keeping a national tally of the home improvement stores such as Handy Andy and Builders Square that Home Depot was knocking out of business with predatory pricing. Do you? I remember the small business men in flooring, shutters and window coverings, home appliances, lumber, hardware, plumbing, tiling, doors and windows, landscaping… going out of business and taking sales position at HD. And then, when the competition was all gone, HD fired them.

It’s who you know as they say…and for Home Depot founders the man they knew was a highly-placed controversial Wall Street insider, Ken Langone. He was everything.

It’s called roll-up, a money-industry term of art. It means that someone, an enterprising banker backed by big money, begins to buy up mom and pop shops to turn them into one large industry, i.e, monopoly. All you need is a Ken Langone, a willing U.S. Congress and a Fed that hands out free money to its friends – and all else is toast.

Here’s how the HD setup began.

Bernie Marcus and Arthur Blank were with a California home improvement chain, Handy Dan. Bernie was the President, Arthur was VP for finance. Langone made a study of the home improvement business and bought stock in Handy Dan.

Conveniently, Marcus and Blank were then, uh-hummm, “fired” from Handy Dan. Langone, who had assembled a group of investors, organized financing for Marcus and Blank, probably straight from the Fed, to found Home Depot. They launched HD in 1979 with stores in Atlanta. (Home Depot notes that Handy Dan is a "former home center retailer" that is now out of business.)

In March of 1997, HD passed the 500 store mark. Today HD operates 2248 big-box format stores across the United States with over 300,000 employees and is known as "Langone's most notable business venture.”

"Local merchants have no choice but to give way," a market analyst with Hancock Institutional Equity Services told the Christian Science Monitor.

"Regional chains and small independents are likely to feel increasing pressure to merge with rivals, or quit," said the Wall Street Journal in January, 1997.

It has been Home Depot's mission to "bury" its competition. James Inglis, former Executive Vice President for Home Depot noted that "Orchard Supply (in CA) proved to be one of the few regional chains Home Depot failed to take a real bite out of."

Dan Wewer, analyst with Robinson-Humphrey Co. in Atlanta, says it’s not unusual for nearby competition to lose 30 percent of their business initially” when HD moves in. The mom and pop stores wither, the regional chains die. Companies like Rickles, Handy Andy, Grossman's and Home Base are history.

And another one gone, and another one gone ... Another one bites the dust.  Queen

And it's not all just marketing for money. "Marcus says he has integrated Judaic principles into what he likes to call the 'Home Depot family,'" said Mother Jones on June 3, 2001. "For him, helping people understand Judaism is a matter of marketing. 'I think a lot of it has to do with selling,' he says. 'You've got to sell the beauties of Judaism.'"

If you want to know what those "principles" are, get yourself a copy of Marcus's and Blank's book, Built From Scratch

And I wouldn't be waiting, if I were you, for any leaked memos from Bloomberg on Home Depot or Costco.

Thu, 02/28/2013 - 04:23 | 3284911 Divine Wind
Divine Wind's picture

 

Speaking of Home Depot, the one a couple of miles away from my home has at least 40 shipping containers with a fence around them in the parking lot. If they were empty, logic dictates there would be no fence. I wonder if they may see even more severe shortages in the future and wisely stocked up?

Thu, 02/28/2013 - 07:09 | 3285055 Moe Howard
Moe Howard's picture

Thanks for that. HD is another store I won't be visiting any more. I already have had my fill of Judaic principles and am overstocked on the beauties of Judaism.

In other words, fuck Home Depot, Satan's Home CenterTM.

Thu, 02/28/2013 - 03:57 | 3284886 Miffed Microbio...
Miffed Microbiologist's picture

So agree willy! About 15 years ago we had a video store run by the cutest old couple in our little community. When our kids were little they always love going to pick out their videos. They would always stock the classics too. We'd do Hichcock or Marilyn Monroe night. Then, of course, Blockbuster put them out of business. No more classics, only those movies they could make a profit on due to high demand. When Netflix took them down we certainly didn't shed a tear. Now a Salvation Army store is in there spot. Just sad.

Miffed:-)

Thu, 02/28/2013 - 00:17 | 3284529 Tijuana Donkey Show
Tijuana Donkey Show's picture

Dude, your a bot or a paid interloper. Get an avatar, and get with the program. You can hate both of them, as they are both fucking America(ns). I have a news source, it's called the Internet. 

Thu, 02/28/2013 - 03:41 | 3284871 JR
JR's picture

The Internet, your "news source," is a big place. Therefore, you may have missed this over on Lew Rockwell, where Gary North is taking down leftist James Howard Kunstler like last year’s Christmas tree for his “attack on the most successful free market retailing operation on earth, Walmart."

It might widen your Internet view to realize that, unlike you, there are not-so-well-off people who are doing better than they ever could have in the good 'ol days by price shopping at Wal-Mart.

The Horror, as Lew Rockwell puts it: "Consumers get lower prices, to the outrage of the foul-mouthed left." What is the heart of this "disease," this "scrofula"? asks North that has so frightened Kunstler. And answers in his article, James Howard Kunstler: Foul-Mouthed Apologist for the Good Old Boys: Price competition!

“In the United States, millions of customers return day after day to buy at stores like these. But Kunstler, who is an arrogant Leftie elitist,” says North,” dismisses them as helpless rubes who need protection from price competitive retailers.” He wants us to believe “that the Good Old Boys of the small town council have our interests at heart,” and that to protect you from your dark side they “are not going to allow you to get cheated by this national chain, which offers low prices and a 100% money-back guarantee." No, rather Kuntsler likes it when the Good Old Boys get the town council to pass a law against Walmart, thereby protecting their mark-ups."

Dismissing Kunsler’s journalistic market niche which for a decade has hovered around a civilization collapse and a return to a world of abandoned highways and empty houses and horses working the fields (Kunstler's "extraordinary" book, according to the publisher, "full of love and loss, violence and power, sex and drugs, depression and desperation"), North says rather “if we ever get a breakdown in the division of labor on a scale comparable to Kunstler's scenario, it will be because of central banks, the dozen largest government-protected commercial banks, and a failure of the banks' payments-clearing system. It will not be because of Walmart or Amazon.”

North then lands one final jab on Kunstler’s glass jaw:

“Excuse me? Am I to believe that some underfunded little store in a strip mall is going to be able to pay for truckers to deliver supplies when Walmart can't? Really?”

http://www.garynorth.com/public/10717.cfm

Thu, 02/28/2013 - 08:29 | 3285163 GMadScientist
GMadScientist's picture

"How can you live with yourself?"

By recognizing that playing favorites among tyrants is the sport of sycophantic morons; if you don't think Wal-Mart also qualifies as a cartel, you're too fucking stupid to reason with, slick.


Thu, 02/28/2013 - 00:03 | 3284478 Shizzmoney
Shizzmoney's picture

How about maybe the leak occured because Wal-mart has been a huge dick to everybody: vendors, shareholders, customers, employees...and when you breed that type of environment, you are gonna have snitches?

Deep Throat didn't squeal just because he wanted to do "what was good for the country."  They didn't give that motherfucker at the CIA the promotion he wanted!

Thu, 02/28/2013 - 00:39 | 3284593 holdbuysell
holdbuysell's picture

Walmart did try to get a banking license fairly recently.

http://money.cnn.com/2010/06/22/news/companies/walmart_banking_services....

Wed, 02/27/2013 - 23:21 | 3284336 magpie
magpie's picture

Inflation

Wed, 02/27/2013 - 23:22 | 3284339 dimitrir
dimitrir's picture

Dont care about WalMart cameras or junk food, but they do need to restock those ammo shelves pronto.

Wed, 02/27/2013 - 23:28 | 3284364 The Gooch
The Gooch's picture

Forget about the weekly Wal shelf check.

Get it NOW.

Wherever you can.

Wed, 02/27/2013 - 23:22 | 3284340 willwork4food
willwork4food's picture

ITS GETTING REAL AT THE WAL-MART SHOPPING LOT..

Fat peeps are there but cash? no ones got alot.. {trade ya my food card dood}

Is that a dood or a chick at the bar dressed in pink with a massive gut? { who cares?}

I always waits till late night to see what sights they got. {so many}

Wed, 02/27/2013 - 23:24 | 3284351 IridiumRebel
IridiumRebel's picture

now they can use all of that excess fat they been storing via cheetoh munching

Wed, 02/27/2013 - 23:22 | 3284341 tony bonn
tony bonn's picture

i believe that ms cruz is going to be cruising for the exit and a new job, through no volition of her own....

Wed, 02/27/2013 - 23:24 | 3284349 economessed
economessed's picture

Jeesh!  Wal-Market ran all the local, privately-owned stores out of business in my town over the past 15 years.  Now what are we going to do?  Hmmmm.  This iPad is starting to look mighty tasty!

Thu, 02/28/2013 - 00:23 | 3284547 monad
monad's picture

Semen is more nutritious. Got breasts? We can trade.

Thu, 02/28/2013 - 00:58 | 3284643 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

I would demand that no penis  comes with the bresats. There are way too many trannies with breasts. In our she he she he he he she he she world we live in you got tbto be careful.

Thu, 02/28/2013 - 06:06 | 3284996 monad
monad's picture

If it lactates, they will come.

Wed, 02/27/2013 - 23:25 | 3284352 mt paul
mt paul's picture

if the clones can't buy at walmart..

 

maybe they will buy

AAA rated treasuries 

Wed, 02/27/2013 - 23:27 | 3284358 ebworthen
ebworthen's picture

I understand the slack in customers, and supply chain problems leaving shelves empty, but I don't understand the correlation.

If people are cleaning out the shelves, why are sales static or worse?

Are customers cleaning out only the cheapest necessities and not buying the more profitable incidental purchase items so it is a double-whammy of selling out of loss-leaders while being overstocked with more profitable items that aren't selling?

Wed, 02/27/2013 - 23:28 | 3284367 GMadScientist
GMadScientist's picture

Bingo.

Wed, 02/27/2013 - 23:39 | 3284409 buzzsaw99
buzzsaw99's picture

Absolutely.

Thu, 02/28/2013 - 00:12 | 3284512 steve from virginia
steve from virginia's picture

 

 

Good question about correlation ...

 

There seems to be some 'size limit' beyond which a company becomes unmanageable. Look @ GM.

 

The size limit is probably shrinking, too. Other, similar general-store type retailers are having real problems like Penny's. Sears has been a corpse for awhile.

Wed, 02/27/2013 - 23:58 | 3284470 TBT or not TBT
TBT or not TBT's picture

Ditto. But Walmart is hard on suppliers. Maybe the suppliers prefer to fill elsewhere, at higher prices.

Thu, 02/28/2013 - 00:06 | 3284490 Shizzmoney
Shizzmoney's picture

And suppliers gotta move inventory as well.

Thu, 02/28/2013 - 04:15 | 3284903 Spigot
Spigot's picture

Or suppliers can't wait for up to 2 years to get paid by WalMart and still stay in business? Domestic suppliers closing shop or opting out of their relationship with WMT?

You can not tell me that upper level management in that organization is unaware of their supply chain. That's pretty much the entire business, ya know?

Another possibility is that WahMaht execs are emptying their supply chain on purpose. They have fixed costs. They know what is NOT making them money. They let those items run out. What is left? Only profitable items. The reduced revenue also gives them cover to reduce staffing to a minimum.

Possibly this is a means of "down sizing" the stores, without actually being seen as downsizing. There has been a continuing "re-arrangement" of store layout, widening isles, removing shelves, shallower shelving. It would not surprsie me to hear that they might start building new walls all along the back of the stores in a weekend, in order to reduce square footage.

So, this has basicly all started since Jan1 2013? Has there been some internal economic work done by WMT HQ that projects the de-wealthing effect across their customer demographic since the 5% or more reduction in NET income, rising insurance costs, reduced income, etc for the prols?? Sounds to me that this is deliberate.

Thu, 02/28/2013 - 00:04 | 3284483 The Gooch
The Gooch's picture

The $1.50 (for 50) tea-candles and cheap batteries make up for the empty shelves of brass-past if you find yourself doing the Wal-(ammo) shelf check.

 

Thu, 02/28/2013 - 02:57 | 3284828 Dave Thomas
Dave Thomas's picture

Exploding floor lamps,  cheap tea candles, sparking, sputtering, appliances, and box limits on wally world ammo. And from what I can tell your avatar has somethin ablaze in it. You've got a penchant for pyrotechnics son!

They're only missing supplimental fire insurance LOL.

 

 

 

Thu, 02/28/2013 - 00:13 | 3284514 CPL
CPL's picture

They aren't.  Prices are going up and they are seeing a drop.  We are going to see people starving really soon.

Thu, 02/28/2013 - 00:19 | 3284536 Tijuana Donkey Show
Tijuana Donkey Show's picture

Maybe it's the 10 oz "pound" of coffee......

Thu, 02/28/2013 - 00:25 | 3284552 The Gooch
The Gooch's picture

More Air Less Product! Environmentally Conscious!

Now available in Extra Value Bargain Sustainable Green!

 

Thu, 02/28/2013 - 05:04 | 3284948 are we there yet
are we there yet's picture

Exta virgin lard is a bargain I hear.

Thu, 02/28/2013 - 05:39 | 3284980 Vlad Tepid
Vlad Tepid's picture

You can get that at any comic store or L.A.R.P. convention.

Wed, 02/27/2013 - 23:26 | 3284360 ISEEIT
ISEEIT's picture

Come on ZH....This is a prime example of your axiom "correlation is not causation" at work. As an avid 'fan' of leftist political propaganda, I can assert comfortably that this shunning of walmart is not obama's fault. In fact this is all part of the transformation of which we in the "FORWARD" movement often assign language.

Our operatives are abandoning walmart in droves to demonstrate solidarity against the evils of capitalist free market profiteers and globalism in general ( you see it now huh?)

As the economy continues to heel and the climate ceases to change, expect even more of these amazing manifestations of our "FORWARD" policy to emerge.

Thu, 02/28/2013 - 00:06 | 3284491 WillyGroper
WillyGroper's picture

>>>>>As the economy continues to heel 

Heel. You got that right.

Thu, 02/28/2013 - 00:11 | 3284510 Pure Evil
Pure Evil's picture

So, what you're saying is that the udder liberal leftist FULL RETARDS plan on starving themselves to death in order "to demonstrate solidarity against the evils of capitalist free market profiteers and globalism in general"?

Boo-yah!

Thu, 02/28/2013 - 00:13 | 3284522 CPL
CPL's picture

The Life of Brian comes to mind.

Thu, 02/28/2013 - 07:21 | 3285071 ISEEIT
ISEEIT's picture

Well, by progressive 'reasoning' metrics and the standards by which the entire FORWARD campaign currently well underway has been producing.....Yes, your conclusion would be quite well supported by the evidence.

Thu, 02/28/2013 - 00:19 | 3284537 Teamtc321
Teamtc321's picture

/Sarc

 

You must have forgotten to include the sarc tag. 

Wed, 02/27/2013 - 23:28 | 3284366 stormsailor
stormsailor's picture

i don't go to either very often,  but the target in our area is stocked floor to ceiling with everybrand of everything you can think of.  last time i went to walmart it looked like there had been some sort of clearance sell,  empty spaces everywhere in every department i walked through.  i go to sams club about once a month for tp and detergent, coffee beans.  and it just doesn't have what it use to.  less merchandise and lots of things i use to get, no longer carried.  prices are higher at sams and walmart as well.  i find that food lion is actually cheaper than walmart.

 

things are bad out here,  i see hard working frugal people facing increasingly impossible juggling of their budgets.  they don't seem to realize what is happening.  the "welfare-disability" group are having to cut back now, no more new cars, boats,  cruises,  250k homes.    ever seen someone you know was doing the fake disability thing for the last 15 years reach 65.  boom......................they lose disability and go to social security with zip earnings.

 

my business is doing great right now, till the income tax runs out. lol

Wed, 02/27/2013 - 23:44 | 3284423 Ineverslice
Ineverslice's picture

 

No doubt...the vacuum supporting many lives is becoming evident.  Sinkholes...revealing the truth.

Thu, 02/28/2013 - 00:00 | 3284474 Go Tribe
Go Tribe's picture

5 pages of sheriff sale notices in our little town paper this week.

Wed, 02/27/2013 - 23:29 | 3284370 you can't fix stupid
you can't fix stupid's picture

no worries about out of stock items, just shove another size in that SKUs place

I am not wasting my fucking time to check if you finally ordered the fucking SKU that has been empty for 5 fucking weeks, I'll just shop at a normal grocery store and order the shit from amazon

Thu, 02/28/2013 - 02:24 | 3284791 fuu
fuu's picture

Plus you can get slotting fees just by ordering new SKU's of stuff.

Wed, 02/27/2013 - 23:30 | 3284375 GMadScientist
GMadScientist's picture

Maybe the abused contract workers in the non-air-conditioned stacks in Fontana finally got pissed enough to re-route some of that crapola to the black market.

Wed, 02/27/2013 - 23:34 | 3284387 The Gooch
The Gooch's picture

Where would the Walton model be without planned obsolescence or various incarnations of Soylent Green?

Wed, 02/27/2013 - 23:35 | 3284393 Atomizer
Atomizer's picture

This Walmart “total disaster” doom issue sucks. How are we going to keep up the humor on sales clientele?

 

Walmart People Photo 'Wall-O-Shame'

http://walmart-people.com/Home

Wed, 02/27/2013 - 23:36 | 3284399 Yen Cross
Yen Cross's picture

   I stopped by Wallmart last weekend in nice area of SoCal. to p/u a few things with a family member. It was the middle of Sunday afternoon and the place wasn't crowded and looked like the " Tasmanian Devil" had ripped through the place.

    Items mismarked and in the wrong places. Asked one of the managers a question about an item and the bone head sent us to the complete opposite (wrong) side of the store to find said item. Wallmart? Should be called, " The Land  of The Lost"...

Wed, 02/27/2013 - 23:42 | 3284419 buzzsaw99
buzzsaw99's picture

Last week was the third week of the month so the EBTs are toast. In my area they are building three new grocery stores within 2 miles. Everyone wants to sell groceries because it is the only thing selling.

Wed, 02/27/2013 - 23:50 | 3284444 SoCalBusted
SoCalBusted's picture

Tis tue.  Never go to WMT at the start of the month - it's usually crazy.  At the end of the month it can be a ghost town.  People have too much month and not enough money.  Wait till next month with 31 days.

Thu, 02/28/2013 - 00:56 | 3284516 Freddie
Freddie's picture

I do not go to WMT much.  Maybe their stand alone groceries but Aldi is much cheaper.  Anyway, there was a really good story in WSJ or somewhere a few years ago. WSJ is shit now like all media.

Anyway it was how big WMT hyper marts with food are quiet until 12:01 am when the scum at The JP Morgue (Chase) load up the EBT SNAP cards.   These f***ing parasites are out with their spawn waiting til one minute past midnight to buy their processed junk food.   The big WMT's with 40 checkouts then go insane at 12:01 am.   Don't they load the EBT/SNAP cards twice a month?  

Corporate America loves welfare and foodstamps.

Thu, 02/28/2013 - 01:01 | 3284649 Tijuana Donkey Show
Tijuana Donkey Show's picture

And baby formula. It's sad to see people pay for something that should be free, and sadder that they have to sell it in smaller and smaller packages because people are broke. 

Thu, 02/28/2013 - 08:08 | 3285131 shovelhead
shovelhead's picture

It is free.

They're called tits.

Thu, 02/28/2013 - 10:48 | 3285579 The Gooch
The Gooch's picture

+100

Wed, 02/27/2013 - 23:37 | 3284402 Dkizzle49855
Dkizzle49855's picture

All I can tell you from my visit today to my local WM was the ammo shelves were again empty like it was some sort of hurricane related stock up before the shit hits the fan event.

Thu, 02/28/2013 - 03:43 | 3284874 bigkahuna
bigkahuna's picture

All of the common stuff is sold out everywhere. It has been that way for almost 2 months now. The supply chain of ammo appears to have been hijacked. The only explanation I hear is that the ammo producers are running as fast as they can and cannot keep up. Two months later and nothing on the shelves? hmmmmmm... 

Wed, 02/27/2013 - 23:38 | 3284403 yogibear
yogibear's picture

US SA - Following the old Soviet Union. Eventually it couldn't even afford the military.

Comrades get ready for the long lines for the basics once Wall Street, Bernanke and the Fed get their massive inflation plan in full gear.

Thu, 02/28/2013 - 07:19 | 3285067 Moe Howard
Moe Howard's picture

The Russian troops could sell their gear and tanks and walk home. How are we gonna get the boys home from Afghanistan?

 

You can't get here from there by walking.

Thu, 02/28/2013 - 09:48 | 3285360 exgop
exgop's picture

Make them swim

Wed, 02/27/2013 - 23:39 | 3284408 sunnyside
sunnyside's picture

Ms. Cruz will be unemployed or hours cut back to 5 per week by Monday.

Thu, 02/28/2013 - 02:42 | 3284794 AustriAnnie
AustriAnnie's picture

It would just give more credit to her story.

Wed, 02/27/2013 - 23:45 | 3284427 buzzsaw99
buzzsaw99's picture

The shoes keep getting worse. I saw some that looked like glued together canvas. I would go barefoot in the snow or make some myself out of cardboard before I wore their shoes. They really are the worst in so many ways.

Thu, 02/28/2013 - 02:40 | 3284811 TheMerryPrankster
TheMerryPrankster's picture

The glued together canvas are the socks or stretch tights. the shoes are the things that look like banana leaves with velcro on them. Oh and the gloves are like grape jelly and sand except grittier and harder to get on and off.

but you can't beat the low low low prices.

Wed, 02/27/2013 - 23:46 | 3284429 SoCalBusted
SoCalBusted's picture

Maybe their suppliers have finally figured out that doing business is WMT is the kiss of death.  Sure, you get a nice order, but they kill you on the price and they put tons of rules on you.  WMT is well known for pushing costs down to their suppliers for the privilege of selling to WMT.  Perhaps there is no more margin left at the supplier and they are now better off  simply not selling to WMT.

Thu, 02/28/2013 - 01:04 | 3284657 Tijuana Donkey Show
Tijuana Donkey Show's picture

You nailed it. I watch people in my area suck P&G's dick, only to find terms of net 90, and huge delays getting paid. They break smaller companies, and people have learned to avoid them, and other huge clients. I suspect the issue at WMT also has to do with price inflation in China, as a tiny bit of inflation there would crush their margins, and suppliers. 

Wed, 02/27/2013 - 23:46 | 3284433 trillion_dollar...
trillion_dollar_deficit's picture

I shop at Walmart every weekend. The empty shelves have started to become a real issue. Mainly seeing it in perishables like sandwich meats and produce. For me though, the biggest problem is the lack of cashiers. Two Saturdays ago there was one cashier in the entire store. Simply not acceptable.

Thu, 02/28/2013 - 00:30 | 3284569 NoWayJose
NoWayJose's picture

Noticed the same thing. Lots of empty slots on the shelves and fewer cashiers. Odd thing is that they usually fill empty spaces with big plastic tubs or something if they think it will be empty for a while, so it looks like they expect to be restocked soon. Peeked into the garden center and did see it chock full of summer stuff, so maybe their trucks were moving that stuff instead of the regular restocking.

Thu, 02/28/2013 - 00:41 | 3284599 trillion_dollar...
trillion_dollar_deficit's picture

Saw that too. Packed to the gills with the new patio furniture sets.

Thu, 02/28/2013 - 03:07 | 3284839 SimplePrinciple
SimplePrinciple's picture

Maybe they took that global warming stuff too much to heart!

Thu, 02/28/2013 - 02:36 | 3284806 AustriAnnie
AustriAnnie's picture

I'm curious which items are not stocked.  Typically, they have different systems/schedules for grocery vs. general merchandise vs. seasonal.  They move through different docking systems, with high-volume items moving straight through with cross-docking.

I read that Wal-Mart can get as short as 72 hours from the producer to the shelf (thats not from a warehouse, from the PRODUCER/MANUFACTURER to the shelf).

Weeks without product is not due to transport problems or demand forecasting problems.  It has to either be intentional or due to difficulty in getting the product at all (prob farther back in chain at manufacturer or before), or some other problem.

Thu, 02/28/2013 - 01:45 | 3284732 titty sprinkles
titty sprinkles's picture

Same here, last weekend they had one cashier for cigs and two self service lines open.

Hope Amazon has super saver shipping on tp and kleenex.

Thu, 02/28/2013 - 02:55 | 3284827 Dr.Vannostrand
Dr.Vannostrand's picture

Best avatar EVAR!

Fri, 03/01/2013 - 15:21 | 3291228 DriveByLurker
DriveByLurker's picture

The way to fix the "too few cashiers" problem is to make it too expensive for them to understaff.  I've been known to  abandon a full cart and tell the staff why I'm leaving without having spent any money.  If more people did that, the problem would get fixed.  Eventually it will cost less to have adequate staff than what it costs to reshelve stuff (and to  discard formerly frozen items). 

 

 

 

Wed, 02/27/2013 - 23:48 | 3284438 kareninca
kareninca's picture

I've been noticing that in the Walmart vitamin section for several months now.  I thought it was really strange:  how could WALMART run out of basic types of vitamins?    Hmm.

There was vigorous debate on an earlier thread re food prices.  Once poster was claiming that they were not going up (!), and she was roundly and correctly slammed.  Over the past several years, at least in Silicon Valley, they definitely have been, at least for healthful food.  However.  I think something new is happening in that department, starting about now, and it kind of creeps me out.  Well, two new things.

One is that big chains (my experience is with Safeway), aren't even pretending to have their registers ring up the sale prices they advertise.  Check the receipt; I bet you'll find serious errors, and not in your favor.  It is easier to keep prices low, if you don't actually honor them.  It was really annoying the other day; I got up to a register and the cashier (a guy) was weeping because he'd been slammed by the last customer for that.  So I said kindly things.  Then he overcharged me.  And I felt too sorry for him to say anything.  Bleagh.  They are making their cashiers take the heat.

The other is the flyer I just received from "Sprouts," a German produce chain.  Their stuff is pretty good.  The weird thing is that this month's flyer's prices are insanely low, at least for the, at least for around here.  I could give examples (organic heirloom tomatoes 99 cents a pound, organic potatoes 1.99 for a five pound bag, Arrowhead Farms grains BOGO), but they might not be relevant to your shopping brain; every part of the country is different.  My point is that, from my shopping experience, it looks like this store is really desperate to get people in the door.  And they haven't been so much so, in the past.  These prices don't make sense in a keep-your-company-in-business sort of way.  This isn't just a few loss-leaders, on stuff no-one really needs.

Thu, 02/28/2013 - 00:08 | 3284494 Larry Dallas
Larry Dallas's picture

Sorry to be the token asshole here...

But...

That guy weaping should have made better life decisions during high school before he dropped out to smoke weed all day in the early 2000's...

Thu, 02/28/2013 - 00:18 | 3284533 W74
W74's picture

What if he was 14 or 15?  When I was a hard working young man around that age I took criticism from both customers and superiors to heart.  It'll only build him up in the long run.

Thu, 02/28/2013 - 00:19 | 3284535 kareninca
kareninca's picture

The guy weeping was shorter than me (and I am not quite 5'4").  He actually looks deformed, with bizarro teeth, and an extremely crooked face, and a slight hunch back, and goggle glasses, and on good days he drools slightly.  However he is NOT NOT NOT retarded (as you can tell I shop there enough to recognize him).  I think he may be British in origin.  Anyway, definitely not a doper, and I don't think he had as many options in life as some of us.  I'd guess he's in his early 40s.  He's been there at least several years.

The people who work in Safeway around here are a pretty diligent, responsible lot.  I think there are a lot of people who grew up here in Silicon valley who want to stay near their families, but can't manage to get fancy jobs.  So they work really hard at the Safeway type jobs.  I know a few people personally who fit that description.  I think it's different in different parts of the country.

Thu, 02/28/2013 - 00:40 | 3284597 Orly
Orly's picture

Asshole much?

Thu, 02/28/2013 - 00:49 | 3284618 kareninca
kareninca's picture

No, the poor guy is not an asshole.  He is a nice person in a difficult situation.

Thu, 02/28/2013 - 00:57 | 3284639 Orly
Orly's picture

I was talking about YOU, idiot.

Ha!

Man, alive...

Thu, 02/28/2013 - 01:03 | 3284652 kareninca
kareninca's picture

I was being ironic, Orly.

I thought that you'd catch that.

Thu, 02/28/2013 - 01:10 | 3284667 Orly
Orly's picture

No, I must have missed the </irony> tag.

I think it was, like, 'cause, you know,  I was totally drooling at the time.  Couldn't read my screen or something?  But I'm sooooooo NOT, NOT, NOT retarded or anything, you know, I mean, I'm a nice person. British in origin, so, maybe I was like, totally drunk or something.  I don't know cause I totally don't remember.  You know?

Must have been the chicken.

;?

Thu, 02/28/2013 - 03:13 | 3284846 Dave Thomas
Dave Thomas's picture

EAT MORE SPICES FROM THE DOLLAR STORE.

Thu, 02/28/2013 - 03:46 | 3284877 Orly
Orly's picture

Moar spices, you mean?

Thu, 02/28/2013 - 01:11 | 3284669 RockyRacoon
RockyRacoon's picture

It appears that "clueless" was the word you were looking for.

Thu, 02/28/2013 - 01:21 | 3284685 Orly
Orly's picture

That was a great movie.  Karen thought it should have won Best Documentary.

:D

Thu, 02/28/2013 - 01:50 | 3284741 kareninca
kareninca's picture

I seem to have become the focus of your entire being, Orly.

Thu, 02/28/2013 - 02:08 | 3284774 Orly
Orly's picture

Wasn't that your goal?  It seems you have succeeded.

Thu, 02/28/2013 - 04:30 | 3284915 Spigot
Spigot's picture

Orly is just mad because his EBT card ran out, his weed is gone, he's too lazy to do anything other than be a butt hole online, at which he is doing marvelously. You have indeed reached your potential, Orly. Mother is proud. Dad, well ...ummm...we can't find your dad for comment, though there was a news item of a fellow matching his description caught doing un-natural acts with a dog behind your shamble of a shack.

Thu, 02/28/2013 - 05:42 | 3284983 Orly
Orly's picture

Yeah, well when you see my Dad, you tell him that I love him and miss him very much.

Will you do that for me, Mr. Faucet?

Thu, 02/28/2013 - 01:27 | 3284699 Bazza McKenzie
Bazza McKenzie's picture

Love the aside "I think he may be British in origin".  I'm pretty sure you can get away with making derogatory remarks about the Brits.  Of course had you suggested he was black, or maybe Muslim or Jewish you'd be in heaps of trouble.

Thu, 02/28/2013 - 01:44 | 3284730 Orly
Orly's picture

OMG!  She would never say anything like that!  Never used the "N-word"...ever!

And the deformed face and the gnarly teeth.  Maybe it was my brother-in-law.

Thu, 02/28/2013 - 01:52 | 3284744 kareninca
kareninca's picture

He has an accent; I think he's a Brit.  Posters were speculating about his age, and whether he was a doper, and so on.  So I tried to describe him.

Thu, 02/28/2013 - 02:06 | 3284771 Orly
Orly's picture

Like brown hair, green eyes?

Hunchbacked?

Blue shirt?

But NOT, NOT, NOT retarded?

Did it ever cross your mind that he had an "accent" because he was dentally challenged, Karen?  Ever think of that?  Even once?

Thu, 02/28/2013 - 02:09 | 3284778 kareninca
kareninca's picture

Yes, of course it occurred to me.  Brit was my first guess, since I've talked with him in the past.  However there were other possibilities; I didn't think I needed to list them all.

My mom just helped her cleaning lady pay for dental work.  It's not cheap.

Thu, 02/28/2013 - 02:23 | 3284787 Orly
Orly's picture

Her cleaning lady?

Wow,

Karen, I must admit that you have been a blast this evening.  Thruthfully, I have tears in my eyes from our conversation but the mine here is so deep and rich, I don't want to explore it all in one evening.

Believe me when I say that it was fun talking to you.  You made my day.  For real.

Perhaps we'll meet again on another thread and maybe on better terms.

In the meantime, good night.  I wish you only the best.

:D

Addo:

And by the way, I apologise for the idiot and asshole thing.  That is never my style but you sure riled my goat up.  Now that I understand you much better, I regret having said those things to you.  Please accept my apology.

Thu, 02/28/2013 - 04:34 | 3284916 kareninca
kareninca's picture

Not a problem.

I fear that I still don't understand why every thing I wrote seemed to enrage you.  It was not my intent; in fact I went to some effort to be pleasant.  So I can't guarantee that I won't continue to enrage you.

Look, everything is a matter of degree.  There are loads of REALLY rich people around me.  Most of them are too cheap to help out their cleaning lady with dental care.  If my mom, who is upper middle class, is eager to, why is that so bad?

Re the guy who was working as a cashier:  I mentioned that he was not retarded, because people who have that degree of physical deformity, often are.  And so someone reading that he was weeping, might think, "well, the guy is mentally handicapped, of course he's crying over nothing."  My point was that Safeway has set up a system so evil for its cashiers, that an adult male who seems to have no mental problems, is reduced to tears.  I described him physically, because posters were speculating about his age and similar attributes.

Also re the dental thing:  it is not typical around here for people to have seriously uneven teeth.  In some parts of the country it is.  There it wouldn't be something one would remark on, in describing someone.  I noticed the other day that someone who works where I volunteer, now has a visibly missing tooth.  That freaks me out.  Okay, it's normal some places.  It isn't here.  It means people are BROKE here, who weren't before.

If I got annoyed by everyone in Silicon Valley who has a lot more money than me, I'd go insane.  Really, I don't care; I have other stuff to think about.

Upon reflection I suppose I shouldn't mention that I'm originally from Connecticut.  Okay, now go take a blood pressure med.  BTW, I'm not from a RICH part of Connecticut!!!!!!!

Thu, 02/28/2013 - 05:07 | 3284952 Orly
Orly's picture

I have been yanking your chain all night, Karen.  I was surprised at how easy it was to do, as most people get very definsive after about the third time.

To me that says you're a good person with good intent and what I call a shining heart.  If I may say, though, the light that shines there shines too much toward yourself and not at the people around you.

I understand that you are young but, if I may be so bold, if you stopped judging yourself so harshly against what you perceive every day, that everyone else is so "rich" and you maybe not as much, you would come to understand that having money and things is not truly rich at all.

Perhaps you should take your shining heart and face it to the outside for a while, toward others in your community; towards your community itself.  My bet is that you will find that there are many richer people who don't have anything and lots of wealthy people as vacant as a Mason jar.

Try it for a while. let go of rating yourself 24/7/365.  Instead, open your eyes to what is around you and who is around you.  I think you'll be surprised that the depth of understanding of life that you are seeking doesn't come with a price tag.  Rather, it comes with tolerance and love.

Re-read the thread tomorrow and you'll see that it was really funny.  I have mirrors that don't even look at me?  C'mon.  I was on a roll.

It was a lot of fun.  I was never angry with you (though perhaps you should refrain from telling people that the food they feed their autistic son is crap because you don't know.  He eats salad, leaves, tortilla chips and soap bubbles and that's it.  No kidding.  And Dr. Pepper...).

In other words, when you do shine your heart to the outside, there will come an understanding that everyone's lives are different and if you can take just one aspect of their life and make it your own experience, then that makes you that much wiser.  :D

Until next time...

Thu, 02/28/2013 - 06:27 | 3285014 object_orient
object_orient's picture

What a rough week for you. May be time for a new ID.

Thu, 02/28/2013 - 13:59 | 3286490 Orly
Orly's picture

I gave you new ideas, admit it.  Got you thinking outside your box.

:D

Thu, 02/28/2013 - 07:04 | 3285048 kareninca
kareninca's picture

No, it wasn't funny, Orly.  It was all kind of ugly and pointless and dreary.

I made a point of not yanking your chain.  I just don't get into that sort of thing.

I spend my time volunteering.  i could work for money instead.  I think I have a good enough handle on the charms of materialism.

Thu, 02/28/2013 - 04:04 | 3284892 TyrannoSoros Wrecks
TyrannoSoros Wrecks's picture

Sounds like Piers Morgan.

Thu, 02/28/2013 - 00:24 | 3284550 Freddie
Freddie's picture

I looked up Sprouts.  They are not German.  It is Leon Black (former Drexel Burnham) of Apollo Management.  Used to be called Smart and Final.  

The German ones are Aldi and Aldi's other chain Trader Joes (TJ).  Aldi and TJ have insanely good prices.  Aldi rocks.  

Thu, 02/28/2013 - 01:07 | 3284663 Tijuana Donkey Show
Tijuana Donkey Show's picture

German efficency. TJ has sweet deals on wine and gluten free, both of which keep me alive. 

Thu, 02/28/2013 - 00:30 | 3284574 Orly
Orly's picture

"Once poster was claiming that they were not going up (!), and she was roundly and correctly slammed. "

No I wasn't.  Everything I said was correct.  You speak for yourself, Karen, and I'll speak for me, okay?  And, once again, mind your own business.

:(~

Thu, 02/28/2013 - 00:45 | 3284610 kareninca
kareninca's picture

Orly, you are mad because I said that the groceries that you described buying were not healthful.  You said that you bought cheap chicken breasts, cheap cheese, pepperoni and Dr. Pepper.  I said that meant you were buying saline injected chicken (fed arsenic for growth, actually), BGH cheese (oozing udders, loads of antibiotics), sodium nitrate and high fructose corn syrup.  I can see why that didn't make you happy.  But it is what it is.

I wouldn't feed my family food from Dollar stores.  The spices which you say you buy there are from China, and are irradiated.

I was being polite by not naming you.  Also, I'm not sure how one "minds one's own business" in the COMMENT section of a blog.  If you describe what you buy, you need to expect it to be commented on.

Thu, 02/28/2013 - 01:19 | 3284682 Orly
Orly's picture

No, you said that.  I said I bought chicken breasts in bulk at a very good price.  I also bought all natural, store brand cheeses at a very good price.

Did the lab tests come back yet on the BGH content on my chickens yet?  I am just dying to know the value.  Let me know as soon as you get the report, k?

The spices I buy are from Mexico, not China.  They don't have x-ray machines in Mexico.  Everyone knows that.

Why are you so behind the times?

How was your mac n cheese, by the way?  And the beans that your <wink, wink> husband eats?  I bet it was tasty, huh?

Thu, 02/28/2013 - 01:33 | 3284710 kareninca
kareninca's picture

Orly, you are a very angry person.

Thu, 02/28/2013 - 01:40 | 3284722 Orly
Orly's picture

Au contraire, ma soeur.  But I imagine you're a little peeved right now.

I am actually a very happy and balanced person.

Keep digging, though.  This is fun.

:D

Thu, 02/28/2013 - 01:47 | 3284737 kareninca
kareninca's picture

Well, it seems to be a socioeconomic thing.  There seems to be real resentment here.  And yes, I probably am better educated, better off, and better read than you.  Maybe better looking.  So the answer is for you to say something interesting and insightful, not to swear repeatedly.

Spices from Mexico are irradiated.  They do not have to be labeled as such, but I promise you that they do not stay fresh in your cupboard by way of magic.  If you wish to avoid eating irradiated spices, go to a health food store and buy them in small quantities from the bins; it is very inexpensive.  "They have no x-ray machines in Mexico"?  Hmmm.

Thu, 02/28/2013 - 01:56 | 3284752 Orly
Orly's picture

Okay, okay.  I admit it.  I deeply resent you, Karen.

You are clearly, clearly far-better educated than I could ever hope to be. We had to burn all my books because we ran out of firewood.  That is how I am sure you're much better off, as well, for I never hear you mention anything about a sale; only "organic" and "heirloom"; wonderful words like that,

We don't have heirlooms in my house.  We had to sell them to try to get rid of the mice.  Didn't work.

My bet is that you are, indeed, a beautiful woman.  Far more beautiful than I could ever hope to be.  I have mirrors that won't even look at me.  I am ashamed.

Please.  Please forgive me.

:/

Thu, 02/28/2013 - 02:00 | 3284762 kareninca
kareninca's picture

" I never hear you mention anything about a sale"

Orly, my ENTIRE POST was about sale prices!  That was what it was ALL ABOUT!!!!

There seems to be a reading comprehension issue here.

Thu, 02/28/2013 - 02:10 | 3284781 Orly
Orly's picture

That must be it.  I should read it again.  For practice.

Note to self: "air-lume..."

Thu, 02/28/2013 - 02:29 | 3284788 moonstears
moonstears's picture

Fuckin' cat fight on ZH, who'd a thunk it?? You go, girls!!! Nosey but equal opportunity asshole, Moonstears.

(note how I got ^between^... prolly stupid of me!)

Wed, 02/27/2013 - 23:54 | 3284457 jonjon831983
jonjon831983's picture

What the hell?

 

This is disconcerting...  Walmart the king and rolemodel of JIT?

Thu, 02/28/2013 - 00:13 | 3284515 Shizzmoney
Shizzmoney's picture

JIT don't look so good now when there is $5-6 gas

Thu, 02/28/2013 - 00:50 | 3284620 jonjon831983
jonjon831983's picture

True that... and what other retailers are using JIT.... think about that.

Thu, 02/28/2013 - 02:30 | 3284799 TheMerryPrankster
TheMerryPrankster's picture

JIT don't mean shit

when you can't Git

your Bits

make a man have fits

wallmart greeter got to sitz

poor mans

doorman

at the

Chinese Ritz

Thu, 02/28/2013 - 00:55 | 3284634 shutdown
shutdown's picture

Watch what happens to JIT when the debit cards truckers carry don't work for a week, or so. 

Thu, 02/28/2013 - 00:13 | 3284458 Yes_Questions
Yes_Questions's picture

 

 

 

Fuck You Waltons.

 

edit:

 

yes, I see I was not the first to say it.  But I will not be the last...

Wed, 02/27/2013 - 23:58 | 3284466 Flakmeister
Flakmeister's picture

So that warehouse on wheels is not robust vis a vis Peak oil....

Really? No shit....

Thu, 02/28/2013 - 06:15 | 3285002 Mad Cow
Mad Cow's picture

Hey Cackmeister, what do you think will get us first, global warming or peak oil?

Thu, 02/28/2013 - 10:06 | 3285417 Flakmeister
Flakmeister's picture

Define "get us" and then maybe we can talk...

I know you need to think of things in a simplistic manichean manner and it may not be possible in this case...

Fri, 03/01/2013 - 04:57 | 3288182 Mad Cow
Mad Cow's picture

It's a simple question canucklehead, and apparently, the answer is beyond your comprehension.

Sat, 03/02/2013 - 01:10 | 3292798 Flakmeister
Flakmeister's picture

Go fuck yourself...

Thu, 02/28/2013 - 00:02 | 3284480 SubjectivObject
SubjectivObject's picture

I've been to Walmart a lot lately, and the only empty shelves I see is the ammo case.   They be Soviet empty.

Thu, 02/28/2013 - 00:03 | 3284482 trillion_dollar...
trillion_dollar_deficit's picture

Re: Walmart Prices

Two of the easiest products for me to track prices on are Barbasol shaving cream and Kraft boxed mac and cheese. They are always the same. Until recently, both were always at $.88. But, in the last 6-9 months or so theyve been creeping up. Now theyre at $1.28 for a nice 45% increase. I would say this is prettty reflective of what all is going on with prices in general. 

Thu, 02/28/2013 - 00:30 | 3284572 kareninca
kareninca's picture

So  -  this Sprouts place that I wrote about above, that has disconcertingly good prices this week.  Their Back to Nature Mac and Cheese is BOGO.  Why is it so low?  This is something people *buy*.  Usually their great sales are on stuff no-one actually needs.  Well, not that one NEEDS Mac and Cheese, but you know what I mean.

Thu, 02/28/2013 - 00:32 | 3284580 Orly
Orly's picture

You're the worst kind of hypocrite I have heard on ZeroHedge.

 

Thu, 02/28/2013 - 00:51 | 3284626 kareninca
kareninca's picture

Orly, didn't you also post that you bought a big bottle of cheap wine?

Thu, 02/28/2013 - 01:13 | 3284672 Orly
Orly's picture

Errrmmmmmm....yeah?  It was $11.68, if you would like to know...

And?

Thu, 02/28/2013 - 01:33 | 3284712 Orly
Orly's picture

It's okay.  I'll remain patient while you think of something clever to say.

 

Thu, 02/28/2013 - 01:41 | 3284725 fuu
fuu's picture

An anagram of kareninca is Inane Rack. Which is just funny.

Thu, 02/28/2013 - 01:48 | 3284739 Orly
Orly's picture

Some double entendres working there...

Thu, 02/28/2013 - 02:30 | 3284798 Burnbright
Burnbright's picture

Damn Rly, never seen anyone stir you up like little miss i live in the silicon valley.

Thu, 02/28/2013 - 02:36 | 3284805 Orly
Orly's picture

I hope you get the idea?

What did Deckard say when Tyrell asked him about Rachel and why it took so long with the Voigt-Kampf test?

Thu, 02/28/2013 - 03:09 | 3284842 kareninca
kareninca's picture

Actually this all makes me think that I need to reread Nietzsche.  He wrote a lot on this topic.

Thu, 02/28/2013 - 03:31 | 3284862 Orly
Orly's picture

Freddie wrote about Blade Runner?  I thought that was Dick.

Thu, 02/28/2013 - 03:50 | 3284880 Orly
Orly's picture

Euro's fixing to roll over hard.

Get your "Risk-Off" ready...this could be pretty wild.

Downside target: 1.279...

Thu, 02/28/2013 - 02:46 | 3284814 Harbanger
Harbanger's picture

@Karen, "Why is it so low? This is something people *buy*. Usually their great sales are on stuff no-one actually needs."

There's a definite recession on main street.  Sounds like you're describing a business that is struggling to stay open.  They're lowering prices to attract customers but they may be not even be making a profit, especially with perishable items at or close to cost.   Then the new HC regulations and higher taxes will help push a lot of these businesses over the edge.  Don't be surprised if they close up shop soon.

Thu, 02/28/2013 - 03:12 | 3284845 kareninca
kareninca's picture

That is exactly what I was thinking.  Desperation, and maybe closing up.

Thu, 02/28/2013 - 00:45 | 3284613 Cardinal Fang
Cardinal Fang's picture

I got a kick out of this barbasol commercial.

http://www.youtube.com/watch?v=wweujqGL1Xo

Thu, 02/28/2013 - 02:08 | 3284775 TheMerryPrankster
TheMerryPrankster's picture

Same great flavor and either one will soften your beard in a pinch. Don't recommend either for shaving pubes though.

Thu, 02/28/2013 - 00:05 | 3284484 Atomizer
Atomizer's picture


When purchasing agents of WalMart destroy .00001 cents to global partner vendor competition, then charge back for product undersold penalty losses. Greed only got in the way for the success of WalMart. Reap what they sow!

Thu, 02/28/2013 - 00:05 | 3284488 Ineverslice
Ineverslice's picture

 

I do believe Wal-Fart is finished w it's Red Giant phase...

 

Thu, 02/28/2013 - 00:09 | 3284496 They Tried to S...
They Tried to Steal My Gold's picture

So Apple can be torn to shreds based on unsustained rumours and actual facts and statements by Wal Mart employees - are just ignored....

 

 

Absolutely Telling of an upside down ponzi like scheme - coming apart at the seams in all the wrong places...

Thu, 02/28/2013 - 00:09 | 3284497 Schmuck Raker
Schmuck Raker's picture

"...an executive vice president had been appointed to fix the restocking problem..."

Golly. I know that I for one feel a lot better. Next, they can fix Europe. Then cure cancer. Then save Japan. And rescue China.

If it weren't for E.V.P.s we would all be in a world of hurt.

Surely, on this one point, every ZHer can agree.

Thu, 02/28/2013 - 00:22 | 3284543 Pure Evil
Pure Evil's picture

Sadly, there's no cure for the crap oozing out of D.C.

Do NOT follow this link or you will be banned from the site!