Posted on 08/15/2013 12:48:39 PM PDT by rightwingintelligentsia
Only ones I’ve been in are just annoying. A big part of it is they see the aisles as sale space, so while the design has nice big easy to navigate aisles the middle 1/2 is taken up my junk. Tucson, Alamogordo and Fond du Lac, always unpleasant.
Recently bought underwear from Wally. Years ago when Fruit of the Loom brand produced it in America it was fairly good quality that lasted awhile. Now its made in China or some other Turd World paradise and it falls apart after a few washings plus its more expensive these days-—freakin’ undies. Chaps my hide, no pun intended.
I actually drive past the old Fruit of the Loom plant to get to Wal-Mart. They just demolished it last year. It had been vacant for a decade, I believe.
In all probability, the initial analyst predictions were probably about $1.75 per share on 140 billion in sales. Over the quarter the analysts just kept lowering their estimates. Find out what the original estimate was to know the whole story. Normally, the analysts would have adjusted their estimates to $1.23 per share on 115 billion in sales and analyst estimates would have been exceeded .... just a bad guess.
however combined with the pricing increases/smaller package sizes on staple products it is a significant indicator of volume decrease in throughput.
Don’t believe it!
All those folks buying frozen shrimp platters and big brand name shelf items with their tax-payer-funded-moocher-cards have to be keeping Wally on top!
Quarterly sales were down $2.3 billion from projections. Extrapolate out for the coming three quarters and that’s $9.2 billion.
Then consider that Walmart is considered both a bellwether of the US economy as a whole AND the store people flock to when they’re looking to save money.
So there are two possibilities here. First a significant number of people (enough to generate $9.2 billion in annual sales) don’t have enough money to shop at Walmart. OR that we’re now in a humming recovery and people have enough extra disposable income where they can turn to more upscale retailers.
We’ll be able to tell from the overall economic numbers for the quarter.
The average person in the middle class is being eaten up by higher food prices, gasoline, and energy costs.
Everyone is feeling it now and it is not good.
Around here, folks are even cutting back eating out because you get nothing for your money.
I have even heard people saying that even the look of the restaurants has gone to austere. In otherwards. Nothingness.
I was in a Walmart last week. The only business was in the grocery area, and most were using food stamps. You can tell because those are the big carts full of stuff.
I am with you. The truth is the numbers indicate a flat response more like stagflation than anything else
The economy doesn’t have to be humming for WalMart to have a 1.9% drop in sales, just doing a bit better would do it. Or the supply problems they’ve been having have left them without the product to sell. Or the negative press is finally catching up with them. Or their prices aren’t as competitive as they used to be. It’s a complicated world, there’s always lots of possible answers.
Yuppers. Same as the idiot traders who would moan and cry on the stock market boards back when I was still actively trading.
All these guys with college degrees in business repeatedly claiming the charts show this stock should have a 2% increase and then ask Why am I losing money? Why is the market down?
They hated it when we would answer: 'Because its called the "Stock Market" and not "The Stock Always Goes Up Market"...'
I do, several times a week. Why should I pay more than what WMT charges? I could go to Publix or Kroger where shopping is a social event and pay more, but why?
My only real complaint with WMT is the checkout. Store management doesn't pay enough attention to this.
So you could go to a store that doesn’t suck? Or maybe just buy stuff that doesn’t suck? Those low prices come at a cost, WalMart almost always sells their own versions of stuff, lower quality, smaller portions, anything to keep their “low price leader” label. The wife used to by produce from Wally, in short order I grew tired of freezer burnt fruit and forbid it, then she got tired of the smaller portions on the other stuff. I can get in and out of any of their competitors faster for not much more money, and I probably got a better product anyway.
Increased government spending was supposed to increase consumption expenditure, and increased money supply was supposed to increase aggregate demand. But all we got from these were higher profits without any improvement in average money wage rates, higher prices, destruction of the middle class, and more inequality, and more debt, plus an increase in employment that was lousy. And now sales revenues are starting to flatten or fall. Keynesianism is starting to wear off, and the side effects of it were worse than the benefits.Thanks a lump, libtards.
Not only that, the Family Dollar does a real good job at stocking not everything, but the best reasonably priced items. They're more local, so you can go there for just a few items, and be in and out in a few minutes.
Maybe WalMart has become an over-the-hill concept and all of those funny "WalMartian" pictures online have turned it into a loser's shopping place.
walmart is a place i almost never shop. i go years in between visits.
Wally World is downsizing and creating smaller stores with an emphasis on groceries.
They’ve just opened two in my area similar to the one in the article:
http://carycitizen.com/2012/10/08/first-look-walmart-neighborhood-market/
Oh course they are, all Walmart ear rings are cheap junk!
I wonder if the drop off in sales has anything to do with Walmart reaching market saturation...
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