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When Shoppers Skip Wal-Mart, You Know They're Rolling Back On Spending
Forbes ^ | August 15, 2013 | Abram Brown

Posted on 08/15/2013 5:14:53 PM PDT by 2ndDivisionVet

If discount every-day necessities can’t tempt shoppers into stores, it’s a clear signal that consumers feel stifled by a tough economy at home and overseas.

That’s the picture provided this morning by Wal-Mart’s latest quarterly report. The world’s largest retailer cut its annual profit and revenue outlook and reported second-quarter figures that missed expectations.

Wal-Mart, operating 10,800 stores across 27 countries, is seen as an economic bellwether because it’s a go-to spot for so many households, where they shop for groceries, home supplies and gasoline. Nonexistent wage gains and a sluggish recovery are hampering spending in America and Europe, while slowing growth in developing companies keep the emerging middle classes there from spending much, too. Listen to Wal-Mart CFO Charles Holley: “”The retail environment remains challenging in the U.S. and our international markets, as customers are cautious in their spending.”(continued)

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; US: Arkansas
KEYWORDS: bhoeconomy; economy; obama; recession; retail; walmart
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To: Josa

Since I’m a long, long ways from you, can you tell me if those sneering clerks are mainly Holder’s people? Or has the lack of civility in the big urban areas affected all persuasions?


141 posted on 08/16/2013 4:10:38 PM PDT by steve86 (Some things aren't really true but you wouldn't be half surprised if they were.)
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To: GreyHoundSailor

We normally make 70 gallons a year


Wow! That is a bunch. How much sap does that take?


142 posted on 08/16/2013 4:12:04 PM PDT by cornfedcowboy
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To: Josa
Don’t expect ANY customer service at a Savannah, GA Wal-Mart. They act like they are doing you a favor just to sneer at you as they slowly ring up your purchases. I usually go to self-checkout except when I’m feeling feisty and want one of those receipts where you rate the cashier. I ALWAYS fill those out.

My nearest Walmart is exactly like this.
But what really ticks me off most about them is how slack they are about bagging things . Multiple times they have left pricy items out of my bags (somehow they just sort of were mysteriously left out - fell on the floor etc ) and I notice they are not in my bags and have to go back only to be told yes we found such and such and we put it back on the shelf .

143 posted on 08/16/2013 4:29:31 PM PDT by Lera (Proverbs 29:2)
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To: LongWayHome

“I’ve been shopping at Walmart since the early 90s.”

I live within 5 miles driving distance of 4 different Wal Marts. One is great, two are above average. One is below average. It’s the store management not the chain.


144 posted on 08/16/2013 7:35:27 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: Lera

My favorite couponing site is www.weusecoupons.com

I’ve been getting a ton of free pens this week. :)


145 posted on 08/17/2013 12:40:24 AM PDT by Politicalmom (Modern "Peace Officer" motto-"We have to go home at night, we don't care if you do.")
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To: carriage_hill

You’re slacking off. You need another row of shelves going down the middle. :p


146 posted on 08/17/2013 1:35:49 AM PDT by Politicalmom (Modern "Peace Officer" motto-"We have to go home at night, we don't care if you do.")
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To: Politicalmom
My favorite couponing site is www.weusecoupons.com
I’ve been getting a ton of free pens this week. :)

I <3 Walgreens *giggles*
I've been picking up those pens and the Caress soaps for .04 each (soaps are ringing up 1.29 if you buy two at a time and use 1.25/1 07/28/2013 RP- limit two like coupons-sale ends 8/31 on the soaps )

147 posted on 08/17/2013 3:41:14 AM PDT by Lera (Proverbs 29:2)
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To: riri
Anybody been to Costco lately? It's a horror show. Prices have, in many instances, doubled from what they were 4-5 years ago.

Yep. We rarely go there anymore. Food prices there have really gotten ridiculous. BJ's consistently beats them on pricing.

There are a lot of Walmart haters out there, but I will say the King of Prussia Walmart (just outside Philadelphia) is a nice store. Friendly employees, clean, well stocked. I have no complaints. The parking lot is predominantly upscale cars - lots of newer minivans and SUV's. No shortage of Mercedes and Lexus vehicles. Walmart haters want to believe people are boycotting Walmart, but the truth is the economy is in the tank and that's what's bringing Walmart sales down.

If sales are down at Walmart, I suspect it has more to do with how people are shopping in these tough times. I have noticed that people's carts there are very targeted (as is our own). For instance, we will often buy a monthly supply of yogurt when we go there. It's not unusual to look over and see someone has a cart full of cereal or coffee. And then you head over to the Wegman's across the street and you see much the same thing (more meat and produce sold there though).

148 posted on 08/17/2013 4:22:54 AM PDT by old and tired
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To: Politicalmom

The other side of the new basement has 18 shelves, with ammo, more supplies, computer stuff. The center is now a workbench area for my firearms. BTW, this is the old Farm House’s set-up. My new condo layout is very different with multiple aisles.


149 posted on 08/17/2013 5:50:53 AM PDT by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: old and tired
If sales are down at Walmart, I suspect it has more to do with how people are shopping in these tough times. I have noticed that people's carts there are very targeted (as is our own)

No doubt.

I see a lot of nay sayers saying this little loss is but a blip. I can make a fairly educated guess that the truth loss is probably higher and it took a lot of number crunching to get the loss to this acceptable level.

Much stuff, I just don't buy anymore. When they've shrunken the Oreos package for the third time and the price is 25 cents higher, I just skip it. I look for the cheaper alternative or I will skip that type of product all together if I don't need it. Same with many products. Just out of principle, I won't buy it.

150 posted on 08/17/2013 8:04:28 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Lera

I abandoned Walgreens almost completely after the card arrived. I do much better at CVS and RiteAid.


151 posted on 08/17/2013 12:39:58 PM PDT by Politicalmom (Modern "Peace Officer" motto-"We have to go home at night, we don't care if you do.")
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To: cornfedcowboy

This year it was about 40 gallons of sap for one gallon syrup. My cousins have a slightly larger operation - they made 245 barrels of syrup (9800 gallons).


152 posted on 08/17/2013 11:06:05 PM PDT by GreyHoundSailor
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