Confidential Wal-Mart Memo Discloses Substantial Drop In Store Traffic Compared To Year Ago

Tyler Durden's picture

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LMAO's picture

Confidential and thus printed here.

EvlTheCat's picture

Did you even read the opening paragraph before you posted?

LMAO's picture

No, I don't give a fuck. I'm a headline chasing HFT algo and that's why we are bouncing of the lows on this Bloomberg wall-mart concoction which isn't worth a bucket of spit. But, but, feel free to read any garbage of your liking.

Fish Gone Bad's picture

I frequent a Mexican supermarket that is fairly close to a Ninty-nine cents only store.  I listen to the customers as they shop and they are constantly making comparisons to Wal-Mart.  The closest Wal-Mart is maybe 4 miles away.  Towards the end of the month, a lot of local stores will have few customers in them, including the Staters Brothers supermarket.

A.W.E.S.O.M.-O 4000's picture

"I frequent a Mexican supermarket"

 

Well excuse me John D. Rockefeller!

Richard Head's picture

So how's that WMT long position going?

samslaught's picture

wasn't welfare recently reduced by 10% or so?

samslaught's picture

wasn't welfare recently reduced by 10% or so?

Moe Howard's picture

10% welfare reduction + 10% welfare reduction = 20% welfare reduction? Really?

JR's picture

Isn’t breaking into confidential information Murdoch’s specialty? Is Bloomberg now taking over where Murdoch left off? And, of course, there’s the believability factor.  It’s difficult enough to believe government reports let alone Bloomberg’s analysis of government reports; and now we’re supposed to believe “leaked” reports of a company that Bloomberg would not be supporting.

Shades of Schumer versus IndyMac?

And, to make matters more suspect, this story is, in essence, six months old.  Somebody has just warmed over the story and attached some statistics to it.  It’s just a repeat of the banker-cabal attack on Wal-Mart.  Bankers don’t like Wal-Mart? How about that avalanche that materialized when Wal-Mart tried to establish its own bank?

Spot on, LMAO.

LMAO's picture

Schhhh, you are stirring the sheeple and they are in Junk-mode.......

Redstone's picture

BOO! Whoops. I didn't mean to start a cattle... I mean a sheeple stampede.

Mercury's picture

They can always hope for a last minute, Q4 binge to stock up on 100w incandescent light bulbs before the government makes them illegal in 2012.

UGrev's picture

I have found so many deals at the many dollar stores around my area. Canned foods, rice, beans.. utilty items.. for a buck. 

problemfixr's picture

Keep in mind that you get what you pay for...

UGrev's picture

yeah, I do.. losts of times it's decent brand goods or goods made by the same company for a chain that was bought out on bid. I agree there are some crappy things there too.. but that's why you have to sort through it and pick the good stuff. 

problemfixr's picture

Agreed...My wife picks up a few things there occasionally.  Cannot beat the $1 Mylar baloons.  Just saying that a lot of stuff is junk.  Kitchen stuff, no worries.  I'm just thinking that the $1 food would not necessarily be the highest quality ingredients.  But what do I know? I do not buy food there.

Rodent Freikorps's picture

I lost my mind when I found two-packs of light sticks for a buck.

FEDbuster's picture

I bought a cheap, Chinese made paint roller for $2 at Dollar General the other day, because ACE was a few miles away from the rental I was painting.  It didn't last one room before it broke.  Duct taped it to finish the job, then tossed it.  It was the worst, cheapest piece of crap I had ever used.

burncycl's picture

I hope you're not a professional painter by trade. Trade painters know all too well the cheapies at the dollar stores aren't worth it.

Moe Howard's picture

Hard to sort out the counterfeit Colgate they had a couple of years ago that had anti-freeze in it.

I bought some name brand dishwasher packets there a couple of months ago for a slight discount, then used them later. My wife asked me if there was something wrong with the dishwasher, the dishes and glasses were not very clean, and the forks & spoons were very bad. It took a couple of days before I realized it could be the packets I got at the dollar store causing the problem. So I went to my normal supermarket, bought exactly the same brand and type, and did a load. Night and day. So I don't know if they were selling seconds, QC failures, or counterfeit. I know this, however, I did not get a deal.

I'm all for bargains, but sell me dodgy goods and I don't ever come back.

UGrev's picture

The dishwasher stuff is a known issue. They have removed the phosphates (the shit that actually cleans) from the detergent. From what I understand, it was due to greeny pressures. I bought name brand shit from the store at a much higher price and the same crap  happened with un-washed utensils etc. 

problemfixr's picture

Obviously, at least 5 (for now) ZH members are dollar store shoppers.

Sancho Ponzi's picture

I'm not sure why the article doesn't mention Amazon. I pay AMZN $79 a year, buy tons of stuff, pay no sales tax, don't have to start and drive the car, and have everything delivered to the house in a couple of days. The stuff I can't get from Amazon is purchased at Costco. Pffft WalMart.

malalingua's picture

and with prime membership you get unlimited instant videos. 

UGrev's picture

I have a prime membership too.. I find lots deals on foods and good. The saving on shipping has paid for my account already. 

serndipity's picture

Shopping at the Dollar store is great,  it's so convenient and casual and you don't have to get all dressed up....like you're going to WalMart or something.

Newsboy's picture

Turn off half the lights.

spartan117's picture

Went to a BestBuy and noticed that this is what they did.  It's normally quite bright in there, but not this time around.  Dark as hell.  Not sure if it was for one day or standard policy going forward.

hannah's picture

same here at 2 different best buys....they had the lights turned off on every other aisle. i thought they were replacing bulbs but they usually do that at night and they have to bring out those huge lifts.......

aheady's picture

Walmart turns off the fucking air conditioning.

fallout11's picture

Have noticed this as well, in addition to the lights being "off" frequently. Here in the Deep South it is often 80deg F in the store and people fanning themselves in the checkout lines, which have not shrunk in length any....Wal-mart has also cut back in terms of staffing, usually less than half (or even less than 1/3rd) of the checkout lines are staffed even at "peak" times (weekend afternoons, for instance).  As always, your mileage may vary.

Moe Howard's picture

I was in walmart this afternoon, it is payday week at nearby Fort Knox. The place was a ghost town. I went straight to a human cashier. I saw more employees milling around in the various areas than customers, and got harrassed by a kid in hardware several times, who saw I was buying screws and told me I could buy a bucket of those screws at Lowes for a couple of dollars and would have enough for years. I said that was a good point, however, I need the screws now and Lowes is a 28 mile round trip so the money I saved would be consumed in gas, never mind wasting my time.

My point? I think the sales are down at Walmart in my area. This is not normal, not even a couple of months ago.

BaBaBouy's picture

 

Don't squeeze the Charmin ...

3.7.77's picture

Being beat by the dollar store, what's next maybe a six bit store.

kito's picture

"dollar" store today, "1000 dollars" store next year.....

hannah's picture

the dollar stores around here have about 20% of their merch price above a dollar now. before it didnt matter the size but now if an item is a 'jumbo' size they want $1.39 or $2.99......

Cathartes Aura's picture

"99cent stores" - they're out there apparently.

LoneStarHog's picture

This makes complete sense when compared with the recent data that ILLEGALS (INVADERS) are returning to Mexico for employment, since unemployment in Mexico is 4.5%.

OutLookingIn's picture

Yes. As an interesting aside, border agents are now reporting more illegals climbing the fence to go south!

Idiot Savant's picture

So you're a native american indian, LoneStar??

Richard Head's picture

You should rethink the "Savant" part.

konputa's picture

Sweet, let's ship our unemployed off to Mexico and then build a wall around it.

Dr. Acula's picture

> ILLEGALS (INVADERS) are returning to Mexico

Ah, a socialist.

You think that all land somehow "belongs" to the public, so therefore I can't let Mexicans onto my own property - i.e. the property that I have property rights over - without your permission.

The same lack of ethics that says you can violate property rights in this instance is applicable to many other instances. For example, stealing peoples' wealth through taxation. But of course you haven't thought through things consistently. You just want property rights violated in ways that you choose. 

Missiondweller's picture

That same CEO said he expected a huge jump in inflation by July of this year. Sure would be interesting to hear from him as to whether that is happening.

 

Also too bad we nolonger have MIT's real time inflation numbers. Wonder what ever happened to that?

fuu's picture

It was showing everyone what the Emperor's clothes really looked like.

zuuuueri's picture

you have the gold price, thats a fairly useful working estimate for inflation.