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What are they smoking at Walmart?


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#1 Sip

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Posted 08 January 2009 - 05:17 PM

I would like to hear from you guys who have been to Walmart this past December what your experience has been like. Today they announced that December has been disappointing for them. I have no idea what these retailers are smoking and what kind of sales they had been expecting but EVERY walmart I have been to here in CA has been PACKED with almost no room to move inside ... loooooong cash register lines with many registers open and hordes and hordes of people just buying all sorts of crap.

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.

#2 ExtraHye

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Posted 08 January 2009 - 05:54 PM

I donít know about Wal-Mart, but the malls have been very slow this year. Usually it would be impossible for us to do our Christmas shopping during our lunch, but I finished it all during the week.

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. tongue.gif

#3 Maral

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Posted 08 January 2009 - 06:15 PM

the ones here in the AV looked like they were doing fine....but I'm sure they are affected by the economy...how can they not be?
I don't think anyone of us should worry about WalMart going under smile.gif

#4 Boghos

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Posted 18 January 2009 - 03:02 PM

Hello Sip,
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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