Posted on 08/14/2007 7:58:27 AM PDT by george76
Wal-Mart Stores Inc... the world's largest retailer, reported a lower-than-expected quarterly profit and cut its full-year earnings forecast on Tuesday, saying its customers remain under economic pressure.
Chief Executive Lee Scott blamed the disappointing performance on economic pressure around the world.
"It is no secret that many customers are running out of money toward the end of the month," Scott said on a recorded conference call, adding that higher fuel prices, interest rates, utility costs and "more financial pressure" are hurting sales in its international market, including Mexico and Canada.
With more than 127 million customers visiting a Wal-Mart store or a Sam's Club location in America every week, Wal-Mart is considered a barometer of the health of the U.S. retail sector.
But Wal-Mart has been struggling with slowing U.S. sales growth and announced plans earlier this year to cut the number of U.S. supercenters it will open to try to boost sales.
It has also returned to emphasizing its low prices after efforts last year to play down its discount roots backfired with its core low income shoppers.
(Excerpt) Read more at uk.biz.yahoo.com ...
( ht drudge )
.
What supposedly made conservatives do this for just the last quarter?
explain?
was it the removal of guns from a chunk of their stores???
that pissed me off.
“Walmart made many conservative walk away.”
I don’t remember seeing any signs at my store, then again there are so many people who would notice.
You and your big-business-hating liberal union buddies can hate Wal_Mart all you want. They aren’t hurting and they aren’t going anywhere.
It's hard to believe Walmart would so foolishly abandon middle America like this.
Maybe they couldn't convince Mossberg to move their factory to China.
Yep! For me, it was the removal of guns. Now, they are taking out ammo. These are the main reasons I went to Wal-Mart—but when I was there, I bought other things besides ammo.
Wal-Mart, the family-friendly, patriotic company founded by the late Sam Walton has morphed into a reliable ally of the left to boost revenues by pacifying its growing chorus of critics. It now funds radical groups and intimidates its suppliers into adopting its liberal, Big Government agenda...
Wal-Mart once had Hillary Clinton on its corporate board; calls for socialized medicine for all Americans; funds La Raza, and has been accused by the federal government of hiring illegal immigrants; prods suppliers to hire more women and visible minorities, and bullies them into adopting “sustainable” practices.
http://www.freerepublic.com/focus/f-news/1878090/posts
Chinese made goods. Don’t ever buy food at Walmart and don’t ever buy toys there. In fact, don’t buy anything there until they aren’t selling Chinese made goods. Too dangerous. I’m scared of what those scum have exposed my two year old to.
former Sierra Club president Adam Werbach once called Wal-Mart a “virus, infecting and destroying American culture,” it hired him in 2006 as an environmental consultant......
More ominous is Wal-Mart’s “Supplier Diversity Program” which will judge suppliers on the diversity of their workplaces. It could impose de facto job quotas on the private sector without government intervention.
http://www.capitalresearch.org/pubs/pubs.html?id=573
The hired help doesn’t know and never knew the “secret” that made the company grow, so they are killing it with whatever management fad is “in” this month.
by jim_trent
Being retired and bored, I took a beer-money job at Wal-Mart and had my illusion of them being a well-run corporation shattered. Many of their store operatoions are just as screwed up and clueless as other corporations. Sam is probably spinning like a gyroscope now.
Yes, Wal-Mart is the only store chain in the nation that sells Chinese-made goods. God knows US MANUFACTURERS don’t have any goods made in China to sell in ALL American department store chains.
Too Dangerous? LOL. Riiiight! You have some stats backing that up? I have a very nice guitar that was made in China. What’s it gonna do? Blow up in my lap?
Wal-Mart sells the same crap, made in the same locations as everyone else. Get over the big-business hating, comrade.
As a regular Walmart shopper I was annoyed when they rearranged the stores to resemble Target (I can’t stand Target). I dislike roaming around the store trying to find what I want to buy.
I agree. the same thing happened to Service Merchandise back in the early 90’s when the canned gun sales, the store went quickly down hill then closed.
Sears went on a serious down hill slip after pulling guns from their shelves and I believe only the craftsman tool name kept them alive.
Yes :
Sam is probably spinning like a gyroscope now.
>>
Walmart made many conservative walk away.
<<
Just like Fox News, over time growing organizations drift to the left.
I have a two year old that may have been exposed to lead paint. Get off your “anything business does is fine because I’m Republican” high horse and look at what is really going on around you.
Wal-Mart shares have been pretty flat for a couple of years.
If they do drop ammo in the local store, I’m done with them.
I think sales have dropped because people are looking more closely at where products are made. My last trip to Wal-Mart resulted in zero products purchased that were made in China as a result I didn’t spend as much.
And I’m another who will absolutely NOT buy fresh food or vegetables in Wal-Mart anymore. If I can’t tell where it’s from it stays on the shelf.
Ditto :
I can’t stand Target...
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