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Thread: Walmart memo details monthly sales "disaster"

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    Re: Walmart memo details monthly sales "disaster"

    BTW, I do shop from time to time at Dollar General and even more frequently at the local 99-Cent store. But I also shop at Bed, Bath, and Beyond, Macy's, and etc.

    My point was to object to the stereotyping of those who shop from time to time at Wal-Mart as "People of Wal-Mart" (hoping here that you're familiar with this website).

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    Re: Walmart memo details monthly sales "disaster"

    I shopped at Dollar General today. They are cheaper than Wally World on some things.

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    Re: Walmart memo details monthly sales "disaster"

    Tax returns delayed? We got ours in about a 9 days. How is that delayed? People are scared and not spending money like they were. Things are getting worse, not better.
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    Re: Walmart memo details monthly sales "disaster"

    They're buying guns and ammo.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by nota bene View Post
    In the assumption that Wal-Mart shoppers are then reduced to shopping at Dollar General.
    It's more than an assumption. Dollar stores have been cutting into Wal-Mart's sales for years:

    “The latest trend shows consumers making more trips to drug, club and dollar stores, while cutting back on trips to Wal-Mart(WMT) and traditional grocery stores,” said Joseph Agnese, an S&P Capital IQ analyst.

    6 Companies Battling for Americans' Grocery Money - Forbes
    Thrifty shoppers looking for low prices on basics are frequently passing up the big boxes of Walmart (WMT) for the tighter aisles of their local dollar stores.

    Chains such as Dollar Tree (DLTR), Family Dollar Stores (FDO) and Dollar General (DG) are hitting the world's largest retailer where it hurts -- in the food and pharmacy aisles.

    Dollar Stores Are Taking Walmart's Lunch Money - DailyFinance
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by nota bene View Post
    My point was to object to the stereotyping of those who shop from time to time at Wal-Mart as "People of Wal-Mart" (hoping here that you're familiar with this website).
    Wal-Mart's shoppers come, on average, from a lower demographic. This is not elitist. It's common knowledge for people who follow business.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Ahlevah View Post
    Wal-Mart's shoppers come, on average, from a lower demographic. This is not elitist. It's common knowledge for people who follow business.
    Walmart, "...says its customers' average household income ranges from $30,000 to $60,000...."

    Walmart and Target: A tale of two discount chains - CBS News

    Real median household income in the United States in 2011 was $50,054.

    In 2011, the median earnings of women who worked full time, year-round ($37,118) was 77 percent of that for men working full time, year-round ($48,202) ? not statistically different from the 2010 ratio.

    U.S. Census Bureau Announces 2011 Median Household Income Declined from 2010

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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Ahlevah View Post
    Where's their money? What money? Wal-Mart customers stopped earning money somewhere around 1980 when they started servicing each other at, among other places, Wal-Mart. Now they're shopping at Dollar General after they get their payday loans.
    Actually, I do shop at Family Dollar and Dollar General. I also like Sams.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by nota bene View Post
    Walmart, "...says its customers' average household income ranges from $30,000 to $60,000...."

    Walmart and Target: A tale of two discount chains - CBS News

    Real median household income in the United States in 2011 was $50,054.

    In 2011, the median earnings of women who worked full time, year-round ($37,118) was 77 percent of that for men working full time, year-round ($48,202) ? not statistically different from the 2010 ratio.

    U.S. Census Bureau Announces 2011 Median Household Income Declined from 2010
    Quoting from your source:

    Walmart (WMT), the world's largest retailer, on Thursday acknowledged that its low-income shoppers continue to struggle in the economy and issued an outlook for the fourth quarter -- which encompasses the holiday shopping period -- that falls below Wall Street estimates. On the same day, its smaller rival Target (TGT), which caters to more affluent shoppers, said it expects results during the quarter to exceed the Street's projections.
    Seems to me your evidence supports the "elitist" contention that Wal-Mart caters to a lower demographic and that those people are having a harder time than, say, your average Target or Nordstrom customer.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Perotista View Post
    Actually, I do shop at Family Dollar and Dollar General. I also like Sams.
    We shop everywhere. A deal's a deal to me. I even buy casual shirts from a thrift store--Perry Ellis, Ralph Lauren, Tommy Hilfiger, Izod--you name it, all for a few bucks each.
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