Walmarts Crappy Forcast.....
Walmart is telling investors the remainder of the year is going to be just as sh*tty as the beginning of the year. Devastating news…..
Sales at existing United States stores, an important metric, were flat compared with the same quarter a year earlier (Not what Wall Street wants to hear fellas)
Traffic in its United States stores, which has been a problem for the company (Unemployed Americans don’t go to Walmart), fell 1.1 percent during the quarter,
The United States division at Walmart has been contending with dwindling traffic (As the jobs disappeared…… so did the consumers) and weak sales in recent quarters.
The retailer, the nation’s largest, relies on its domestic business (not Chinese business) for the majority of its revenue.
After an extraordinarily difficult winter (shiver), there was hope that the spring and early summer would bring positive news, but so far, retail results for the quarter have generally been muted. (I am shocked……unemployed people don’t buy things when it is cold… or hot….Who could have guessed.)
Walmart executives said Thursday that American customers continued to be cautious, concerned about the cost of living and the country’s employment landscape (Riiiiight employment…..The thing Walmart worked incredibly hard to make sure Americans don’t have any of. They did that by filling their stores wall to wall with Chinese made goods. They then Shunned any company attempting to make things in the United States. Congrats Walmart….. you are now the big winner.)
Walmart’s core customers tend to have lower incomes, and have experienced the most difficult recovery from the recession. (Thanks to Walmart)
The only country in the division that had a sales decline at existing stores was China, where the company has struggled to gain a solid footing. (That is right folks…….China, the country we were all told was going to be the Utopia for Corporate America (with their 1 billion people) is the ONLY country to show a sales DECLINE. Makes me so happy. Americans don’t want Walmarts crappy products, and neither do the Chinese. Fantastic!)
http://www.nytimes.com/2014/08/15/business/walmart-lowers-forecast-as-us-sales-remain-weak.html?_r=0#
Sales at existing United States stores, an important metric, were flat compared with the same quarter a year earlier (Not what Wall Street wants to hear fellas)
Traffic in its United States stores, which has been a problem for the company (Unemployed Americans don’t go to Walmart), fell 1.1 percent during the quarter,
The United States division at Walmart has been contending with dwindling traffic (As the jobs disappeared…… so did the consumers) and weak sales in recent quarters.
The retailer, the nation’s largest, relies on its domestic business (not Chinese business) for the majority of its revenue.
After an extraordinarily difficult winter (shiver), there was hope that the spring and early summer would bring positive news, but so far, retail results for the quarter have generally been muted. (I am shocked……unemployed people don’t buy things when it is cold… or hot….Who could have guessed.)
Walmart executives said Thursday that American customers continued to be cautious, concerned about the cost of living and the country’s employment landscape (Riiiiight employment…..The thing Walmart worked incredibly hard to make sure Americans don’t have any of. They did that by filling their stores wall to wall with Chinese made goods. They then Shunned any company attempting to make things in the United States. Congrats Walmart….. you are now the big winner.)
Walmart’s core customers tend to have lower incomes, and have experienced the most difficult recovery from the recession. (Thanks to Walmart)
The only country in the division that had a sales decline at existing stores was China, where the company has struggled to gain a solid footing. (That is right folks…….China, the country we were all told was going to be the Utopia for Corporate America (with their 1 billion people) is the ONLY country to show a sales DECLINE. Makes me so happy. Americans don’t want Walmarts crappy products, and neither do the Chinese. Fantastic!)
http://www.nytimes.com/2014/08/15/business/walmart-lowers-forecast-as-us-sales-remain-weak.html?_r=0#
posted by res17 at
August 14, 2014
1 Comments:
Walmart is boiling in its own pudding. They also lobby against raising the minimum wage and extending unemployment insurance benefits. Now it's hurting their sales. Fuckers.
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