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Thread: Walmart memo details monthly sales "disaster"

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    Walmart memo details monthly sales "disaster"

    In an email to other executives on February 12, Jerry Murray, Walmart’s vice-president of sales and logistics, said: “February [month-to-date] sales are a total disaster,” according to Bloomberg....

    In a separate email on February 1, Cameron Geiger, senior vice-president of US replenishment, reportedly said: “Well, we just had one of those weeks here at Walmart US. Where are all the customers? And where’s their money?”

    Walmart memo details monthly sales ‘disaster’ - FT.com
    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.
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    Re: Walmart memo details monthly sales "disaster"

    I sort of posted about this in another thread: I live in a city where Walmart is like the Holy Grail and I have noticed that its parking lot has been rather airy compared with the past. I don't know what is up, but they are the canary in the coalmine in my town.

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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.
    I can't read it because FT limits it's content.
    I'd aim at a guess that this year, the "Spring Stimulus" is late because of the fight in Washington and delayed tax refunds.
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    Re: Walmart memo details monthly sales "disaster"

    The customers are there to spend money, not earn it.

    If Wal-Mart customers stopped earning money around 1980, Wal-Mart wouldn't be around anymore.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Fisher View Post
    I sort of posted about this in another thread: I live in a city where Walmart is like the Holy Grail and I have noticed that its parking lot has been rather airy compared with the past. I don't know what is up, but they are the canary in the coalmine in my town.
    Personally, I'm spending more time in Target. For example, I just bought 60 double rolls of Ultra Charmin for $25 dollars ($32 minus 5% RedCard discount minus a $5 gift card). That's the equivalent of about 21 cents per roll for premium bath tissue. Tomorrow I'm taking the three $5 gift cards I have from buying staple items and using them to buy three BluRay discs on sale at five bucks each. That will make them free, except for sales tax.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Harry Guerrilla View Post
    I can't read it because FT limits it's content.
    I'd aim at a guess that this year, the "Spring Stimulus" is late because of the fight in Washington and delayed tax refunds.
    It's short. Other than a note that the stock dropped, what I quoted pretty much sums it up.
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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.
    What elitist claptrap.

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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by nota bene View Post
    What elitist claptrap.
    How is the comment elitist?
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    Re: Walmart memo details monthly sales "disaster"

    The customers haven't gone anywhere - corporate just want much to much on the top ALL the time.
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    It has happened before, but there is nothing to compare it to now.
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    Re: Walmart memo details monthly sales "disaster"

    Quote Originally Posted by Ahlevah View Post
    How is the comment elitist?
    In the assumption that Wal-Mart shoppers are then reduced to shopping at Dollar General.

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