General Discussion
In reply to the discussion: Leaked Internal Wal-Mart Email: "Where Are All The Customers? And Where's Their Money?" -Bloomberg [View all]kenny blankenship
(15,689 posts)that's what their own sales stats and research tells them. WMT's target demographic couldn't care less about them being a giant evil corp. That sort of thing matters to my middle class liberal neighbors who are trying to block a Walmart going in near us, because they worry it will trash their property values and probably push their favorite stores to the edge of survival and trash the local retail ecosystem.
If it's possible to see the month's sales stalling out in shitty territory already by the 12th, and it happens again in March, that would suggest times are getting tougher for a whole lot of people.
I am trying to find a source for what I said. So far what I get are a bunch of stories from 2011 about the WMT CEO Mike Duke complaining that his customers are "broke" at the end of every month -their sales go flat at month's end- and that they appear to be running out of money sooner. You know. Incrementally.
http://money.cnn.com/2011/04/27/news/companies/walmart_ceo_consumers_under_pressure/index.htm