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

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Wed, 08/03/2011 - 12:47 | 1521033 LMAO
LMAO's picture

Confidential and thus printed here.

Wed, 08/03/2011 - 12:52 | 1521049 EvlTheCat
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Did you even read the opening paragraph before you posted?

Wed, 08/03/2011 - 13:53 | 1521365 LMAO
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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.

Wed, 08/03/2011 - 14:14 | 1521456 Fish Gone Bad
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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.

Wed, 08/03/2011 - 18:04 | 1522163 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

"I frequent a Mexican supermarket"

 

Well excuse me John D. Rockefeller!

Wed, 08/03/2011 - 14:19 | 1521471 Richard Head
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So how's that WMT long position going?

Wed, 08/03/2011 - 15:56 | 1521765 samslaught
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wasn't welfare recently reduced by 10% or so?

Wed, 08/03/2011 - 15:56 | 1521768 samslaught
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wasn't welfare recently reduced by 10% or so?

Wed, 08/03/2011 - 17:25 | 1522071 Moe Howard
Moe Howard's picture

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

Wed, 08/03/2011 - 14:16 | 1521461 JR
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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.

Wed, 08/03/2011 - 14:40 | 1521536 LMAO
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Schhhh, you are stirring the sheeple and they are in Junk-mode.......

Wed, 08/03/2011 - 15:06 | 1521606 Redstone
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BOO! Whoops. I didn't mean to start a cattle... I mean a sheeple stampede.

Wed, 08/03/2011 - 12:51 | 1521038 Mercury
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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.

Wed, 08/03/2011 - 12:49 | 1521041 UGrev
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I have found so many deals at the many dollar stores around my area. Canned foods, rice, beans.. utilty items.. for a buck. 

Wed, 08/03/2011 - 12:59 | 1521094 problemfixr
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Keep in mind that you get what you pay for...

Wed, 08/03/2011 - 13:48 | 1521345 UGrev
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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. 

Wed, 08/03/2011 - 13:57 | 1521389 problemfixr
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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.

Wed, 08/03/2011 - 14:03 | 1521413 Rodent Freikorps
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I lost my mind when I found two-packs of light sticks for a buck.

Wed, 08/03/2011 - 20:28 | 1522454 FEDbuster
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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.

Thu, 08/04/2011 - 06:55 | 1523132 burncycl
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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.

Wed, 08/03/2011 - 17:33 | 1522093 Moe Howard
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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.

Wed, 08/03/2011 - 19:28 | 1522328 UGrev
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. 

Wed, 08/03/2011 - 13:52 | 1521363 problemfixr
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Obviously, at least 5 (for now) ZH members are dollar store shoppers.

Wed, 08/03/2011 - 13:56 | 1521381 Sancho Ponzi
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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.

Wed, 08/03/2011 - 15:56 | 1521769 malalingua
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and with prime membership you get unlimited instant videos. 

Wed, 08/03/2011 - 19:30 | 1522334 UGrev
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. 

Wed, 08/03/2011 - 13:27 | 1521228 serndipity
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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.

Wed, 08/03/2011 - 13:51 | 1521319 Pegasus Muse
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You mean like these fine folks?

http://www.dailymail.co.uk/news/article-1211216/People-Wal-Mart-Dude-I-just-saw-goat-Wal-Mart-New-website-charts-gloriously-absurd-shoppers-worlds-largest-retailer.html

A cop I know who works the counter-gang unit shops WalMart to stay abreast of the latest trends in prison tattoos.

Wed, 08/03/2011 - 15:04 | 1521603 dolly madison
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Or do you mean like these people:

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

Wed, 08/03/2011 - 12:50 | 1521045 Newsboy
Newsboy's picture

Turn off half the lights.

Wed, 08/03/2011 - 13:17 | 1521182 spartan117
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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.

Wed, 08/03/2011 - 13:39 | 1521289 hannah
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.......

Wed, 08/03/2011 - 13:41 | 1521300 aheady
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Walmart turns off the fucking air conditioning.

Wed, 08/03/2011 - 15:05 | 1521604 fallout11
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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.

Wed, 08/03/2011 - 17:43 | 1522120 Moe Howard
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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.

Wed, 08/03/2011 - 12:50 | 1521046 BaBaBouy
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Don't squeeze the Charmin ...

Wed, 08/03/2011 - 12:52 | 1521050 3.7.77
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Being beat by the dollar store, what's next maybe a six bit store.

Wed, 08/03/2011 - 13:32 | 1521252 kito
kito's picture

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

Wed, 08/03/2011 - 13:42 | 1521311 hannah
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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......

Wed, 08/03/2011 - 14:14 | 1521453 Cathartes Aura
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"99cent stores" - they're out there apparently.

Wed, 08/03/2011 - 12:52 | 1521051 LoneStarHog
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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%.

Wed, 08/03/2011 - 13:09 | 1521136 OutLookingIn
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Yes. As an interesting aside, border agents are now reporting more illegals climbing the fence to go south!

Wed, 08/03/2011 - 13:12 | 1521154 Idiot Savant
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So you're a native american indian, LoneStar??

Wed, 08/03/2011 - 14:22 | 1521485 Richard Head
Richard Head's picture

You should rethink the "Savant" part.

Wed, 08/03/2011 - 13:16 | 1521172 konputa
konputa's picture

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

Wed, 08/03/2011 - 15:38 | 1521703 Dr. Acula
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> 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. 

Wed, 08/03/2011 - 12:52 | 1521054 Missiondweller
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?

Wed, 08/03/2011 - 13:22 | 1521207 fuu
fuu's picture

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

Wed, 08/03/2011 - 13:26 | 1521223 zuuuueri
zuuuueri's picture

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

 

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