Wal-Mart (WMT -3.1%) responds to a leaked internal memo indicating February sales are weak by...

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wigit5 Comments (2472)
 
oh yeah that will definitely ease the concerns causing the ugliness...
15 Feb, 02:49 PM Reply Like

keith0548 Comments (67)
 
So much for transparency within WMT. When it is forced upon them they explain it away.
15 Feb, 02:54 PM Reply Like

caupachow Comments (171)
 
it is not surprising for many of their customers feel the end of the 2% payrool tax holiday. i am sure more retailers in their group could see similar stats.
15 Feb, 03:50 PM Reply Like

bbro Comments (7844)
 
And get the S&P 500 to move from 1522 to 1518....
15 Feb, 03:54 PM Reply Like

knowknotwit Comments (159)
 
If economic contraction in Japan and Eurozone and U.S. doesn't cause this market to go down why would weak sales at Wal Mart?
15 Feb, 04:44 PM Reply Like

june1234 Comments (927)
 
Whole Foods warned also. Despite trillions of $$ to the few in the name of the many manufacturing is where it was in Dec of 08 while home prices are where they were at in 2003. Ever since the Fed said it would stop QE at some point bonds markets have been trading like that's a done deal. There was a big sell off in corporate bonds at the end of January
15 Feb, 05:00 PM Reply Like

redarrow5150 Comments (469)
 
They didn't warn and gave pretty much the same guidance. They went from 11-12% growth to 10-12%.
15 Feb, 06:34 PM Reply Like

wheelz23 Comments (29)
 
The market is way overdue for a correction. Is this payroll tax going to be the excuse for it to finally drop?
15 Feb, 05:26 PM Reply Like

deercreekvols Comments (2916)
 
Pretty scary to think people can't afford to shop at Walmart.
Tell me again, Mr. President, how this economy is growing.
15 Feb, 07:11 PM Reply Like

redarrow5150 Comments (469)
 
You think we are in a recession?
15 Feb, 07:27 PM Reply Like

pollyserial Comments (892)
 
According to what I read, we're right on the edge of recession, and could tip either way. We all know that the fed's loose policies are the only thing keeping us from tipping (via ephemeral 'wealth effect'); but those policies are more dangerous than many people believe and they don't actually fix the problems, just postpone the bill.
16 Feb, 01:45 PM Reply Like

redarrow5150 Comments (469)
 
So the answer is no we are not in a recession?
16 Feb, 02:50 PM Reply Like

Russ Winter Comments (469)
 
It is not just the 2% payroll tax reversal, gasoline futures are up 50 cents since mid-December.
15 Feb, 07:18 PM Reply Like

Kyle Spencer Comments (753)
 
Filing was postponed due to the fiscal cliff and as a result the tax refunds aren't all out yet. This is keeping a lid on consumer demand at the moment. Sales should surge higher sometime in March.
15 Feb, 10:17 PM Reply Like

KJP712 Comments (221)
 
The lack of customers might be a silent protest to the end of " WalMart greeters". After 32 years that job has been eliminated by the head honchos who feel the need to have an extra person walking aimlessly around the store.The inviting gray floors will now be the main show on a quiet Saturday morning.If the brass keeps it up,they will become KMart in a couple years.
16 Feb, 12:07 AM Reply Like

Sam Liu Comments (2789)
 
"an extra person walking aimlessly"

Good for extra security and put a human face on the dreary company.

Life can't be about saving a few bucks can it?
16 Feb, 06:27 AM Reply Like

KJP712 Comments (221)
 
The translation is management should have kept the Greeter at the front door.There they had a purpose greeting customers and checking merchandise as it went out the door.If you go to a local WalMart at least 5 or more employees can seen walking aimlessly around at any time.Trust me on that observation.
16 Feb, 04:09 PM Reply Like