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Tue Feb 19, 2013, 07:12 PM

"Where are all the customers? And where’s their money?” asks Wal-Mart exec.

This really is important information on the state of the economy.



Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.

“In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal- Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company.”


http://mobile.bloomberg.com/news/2013-02-15/wal-mart-executives-sweat-slow-february-start-in-e-mails.html

19 replies, 1505 views

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Reply "Where are all the customers? And where’s their money?” asks Wal-Mart exec. (Original post)
dixiegrrrrl Feb 2013 OP
Purveyor Feb 2013 #1
dixiegrrrrl Feb 2013 #4
leveymg Feb 2013 #2
Cobalt Violet Feb 2013 #3
NightWatcher Feb 2013 #5
Downtown Hound Feb 2013 #6
formercia Feb 2013 #7
TheCowsCameHome Feb 2013 #8
putitinD Feb 2013 #9
Trajan Feb 2013 #10
FirstLight Feb 2013 #11
MiniMe Feb 2013 #12
meow2u3 Feb 2013 #13
hay rick Feb 2013 #14
Snarkoleptic Feb 2013 #15
dixiegrrrrl Feb 2013 #19
Demo_Chris Feb 2013 #16
mick063 Feb 2013 #17
Rex Feb 2013 #18

Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:21 PM

1. My 'extra' dollars are going straight into my gas tank so I can continue to make 'extra' dollars.

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Response to Purveyor (Reply #1)

Tue Feb 19, 2013, 07:25 PM

4. What you paying for gas now?

I filled up in Sept. think it was 3.69 then.
Still have 1/2 tank.
Retirement saves a LOT of gas!

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:23 PM

2. To WalMart shoppers, a couple hundred less take home pay a mo. means no WalMart shopping

About half the American population is living on the verge of poverty. We need to address that problem. The first place to start is to tax the Walton family a lot more, and another is to double the minimum wage and require all large corporations to pay full benefits.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:24 PM

3. I can now only afford to eat and pay rent.

And I don't buy my groceries at walmart.

I can't afford clothes or any of the other things they sell. I have no spending money.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:26 PM

5. Pay your employees enough and they'll shop there too

Now they show employees how to sign up for food stamps. They can't even afford to buy cheap Walmart shit. Walmart would get their money back if they were smart enough to increase wages.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:26 PM

6. I haven't spent money at your fucked up store in over 15 years

And I sure as hell ain't gonna start now.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:29 PM

7. I was talking with a friend Yesterday, about Wally World...

This was her take:


"I agree Walmart sucks! I absolutely hate it! I can never find what I need! Some of my friends work there so I don't feel so bad. I used to work there, a while ago. I left when they told me that Walmart should come first, before my family. At the time my boyfriend was in the hospital in the cardiac care unit and I was there with him. Walmart said that was a no no. So I said bye bye! I didn't even give a two week notice."

'nuf said...

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 07:58 PM

8. Maybe they're tapped out from buying your shit last December

Of course if you paid a living wage, maybe your employees could actually buy things.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 08:07 PM

9. I won't step foot in a Walmart. Period.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 08:21 PM

10. Reap what you sow

they wanted a low wage employee pool to exploit, and they got it ..

they undercut mom and pop stores, and knocked them off the block .... employees now employed at WallMart, in that low wage pool ...

They have the wage slaves they worked so hard to create ... now stew in it ...

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 10:20 PM

11. Right off the bat, they blame it on payroll tax increases...

what about the increase in EVERYTHING the past few months. I swear, gas is just ONE...seems like every time i step into the grocery store it's more expensive...even for stuff like mayo...let alone lunchmeat, cheese or bread...even TP...

Fuck Walmart, it's because the rest of us are struggling to make ends meet and don't have time or money for your PLASTIC CRAP...

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 10:30 PM

12. Dear Walmart, if you pay your employees a living wage, they might

spend a little more at your store

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 10:42 PM

13. Try paying your employees more

and quit resisting unions. Maybe then, you'll get some more customers, including your own employees.

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 10:46 PM

14. Blame it on the payroll tax.

They want to restore the payroll tax holiday so that consumers can beef up quarterly profits instead of funding their own retirement. The spread of the Wal-Mart wage model is now biting these parasites in the ass as more and more people respond to reduced incomes with reduced consumption...

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Response to dixiegrrrrl (Original post)

Tue Feb 19, 2013, 11:36 PM

15. The Era of Giant Chain Stores Is Over -- And They've Ruined America

http://www.huffingtonpost.com/james-howard-kunstler/chain-stores-economy_b_2720040.html
Good read...

Then there is the matter of the American customers themselves. The Wal-Mart shoppers are exactly the demographic that is getting squashed in the contraction of this phony-baloney corporate buccaneer parasite revolving credit crony capital economy. Unlike the Federal Reserve, Wal-Mart shoppers can't print their own money, and they can't bundle their MasterCard and Visa debts into CDOs to be fobbed off on Scandinavian pension funds for quick profits.



The older generations responsible for all that may be done for, but the momentum has now turned in the opposite direction. Though the public hasn't groked it yet, Wal-Mart and its kindred malignant organisms have entered their own yeast-overgrowth death spiral. In a now permanently contracting economy the big box model fails spectacularly. Every element of economic reality is now poised to squash them.

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Response to Snarkoleptic (Reply #15)

Fri Feb 22, 2013, 02:35 PM

19. Kunstler is so damn clear.

" their own yeast-overgrowth death spiral."

but yeah, we are seeing more death spirals because the phony bookkeeping at the Federal, state and private levels is no longer working.

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Response to dixiegrrrrl (Original post)

Wed Feb 20, 2013, 12:26 AM

16. Terrifying and tragic news (cont)

 

Hate on Walmart all you like, they are America's largest employer and are an extremely accurate indicator of where things actually stand with the economy.

This is very bad news, not only for our nation's already struggling poor, not only for our struggling small businesses, but for our party.

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Response to dixiegrrrrl (Original post)

Wed Feb 20, 2013, 12:32 AM

17. There is some disconnect with the execs.

 

They want to blame taxes exclusively.

I think some of this has to do with open defiance and demonstration by employees this past summer. There is bound to be a few people that sympathize with that.

I avoid the place like the plague for just that reason.

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Response to dixiegrrrrl (Original post)

Wed Feb 20, 2013, 12:44 AM

18. Those poor, dumb millionaires and billionaires!

I hope they can survive.

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