What are they smoking at Walmart?
Posted 08 January 2009 - 05:17 PM
I really did not see this "disappointing" December ... especially not at Walmart. Are they jumping on the "oh retail situation sucks" bandwagon or was December actually disappointing for them? I just can't comprehend what kind of sales these people are planning around ...
Ok I understand the higher end retailers are suffering ... good ... I have never been one to pay like $60+ for a pair of pants anyway. Just basic $20 cargos do it for me. Let them suffer and maybe they'll start offering some more reasonable merchandise. But Walmart? I just don't get it.
Posted 08 January 2009 - 05:54 PM
The only time that I noticed some foot traffic and long lines was the day after Thanksgiving. I was one of those crazy people who woke up at 4:00 AM in the morning.
Posted 08 January 2009 - 06:15 PM
I don't think anyone of us should worry about WalMart going under
Posted 18 January 2009 - 03:02 PM
Walmart having a disappointing December meant that Sam's Club sold less $ than the same month in 2008. Walmart stores were actually up, at least in nominal terms. They do mention that some 40 stores were heavily affected by the weather but also that economic conditions are hardly supportive. Moreover sales as I mentioned mean $ and given the heavy discounting and people trading down (ie. buying at Walmart instead of Target), one would see more traffic but not necessarily more $ sales. Probably more items were sold, hence the packed stores.
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