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Wal-Mart (WMT -2%)  slides as it appears sales are taking a hit from this year's payroll...

  • Friday, February 15, 11:43 AM ET
    Wal-Mart (WMT -2%)  slides as it appears sales are taking a hit from this year's payroll tax increase. Cleveland Research says comps are running negative YTD (Street expects +1.9%) amidst a broad slowdown in consumer spending. "The magnitude at WMT seems more significant than we would have expected."
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This news story has 10 comments:

  • Wal-Mart will probably also be hit by any increase in the min wage.
    15 Feb, 12:11 PM Reply Like
  • And gasoline has jumped 10% in the last two weeks.
    15 Feb, 01:22 PM Reply Like
  • How about real data:

    http://bit.ly/XDJT6w
    15 Feb, 01:44 PM Reply Like
  • 4% looks good to me.
    15 Feb, 03:40 PM Reply Like
  • why is every other retailer up?? Makes NO sense
    15 Feb, 01:57 PM Reply Like
  • WMT getting hammered from it either way.. down %3.2
    15 Feb, 02:08 PM Reply Like
  • Bloomberg reporting Emails among WMT execs saying Feb sales are off to the worst start in 7 years.. Interesting
    15 Feb, 02:15 PM Reply Like
  • "February MTD sales are a total disaster"

    Zerohedge have done an article on it. That mail correspondence appears to be quite the harbinger of a US consumer melt down.
    15 Feb, 02:45 PM Reply Like
  • Cost should be a short then as well as all the overpriced over hyped over owned retaillers!
    15 Feb, 02:27 PM Reply Like
  • Whole Foods warned also, not looking hot for US consumer 2013
    15 Feb, 03:38 PM Reply Like
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