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


Wal-Mart (WMT -3.1%) responds to a leaked internal memo indicating February sales are weak by noting to CNBC that an executive was issuing an opinion rather than any official company data. While true, the alarm bells are still ringing. The Wal-Mart VP of finance and logistics on February: "The worst start to a month I have seen in my ~7 years with the company." Look for the topic to come up during the firm's earnings conference call on February 21.
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Comments (17)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    oh yeah that will definitely ease the concerns causing the ugliness...
    15 Feb 2013, 02:49 PM Reply Like
  • keith0548
    , contributor
    Comments (77) | Send Message
     
    So much for transparency within WMT. When it is forced upon them they explain it away.
    15 Feb 2013, 02:54 PM Reply Like
  • caupachow
    , contributor
    Comments (522) | Send Message
     
    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 2013, 03:50 PM Reply Like
  • bbro
    , contributor
    Comments (11195) | Send Message
     
    And get the S&P 500 to move from 1522 to 1518....
    15 Feb 2013, 03:54 PM Reply Like
  • 440978
    , contributor
    Comments (148) | Send Message
     
    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 2013, 04:44 PM Reply Like
  • june1234
    , contributor
    Comments (4252) | Send Message
     
    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 2013, 05:00 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1355) | Send Message
     
    They didn't warn and gave pretty much the same guidance. They went from 11-12% growth to 10-12%.
    15 Feb 2013, 06:34 PM Reply Like
  • wheelz23
    , contributor
    Comments (66) | Send Message
     
    The market is way overdue for a correction. Is this payroll tax going to be the excuse for it to finally drop?
    15 Feb 2013, 05:26 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9393) | Send Message
     
    Pretty scary to think people can't afford to shop at Walmart.
    Tell me again, Mr. President, how this economy is growing.
    15 Feb 2013, 07:11 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1355) | Send Message
     
    You think we are in a recession?
    15 Feb 2013, 07:27 PM Reply Like
  • pollyserial
    , contributor
    Comments (1113) | Send Message
     
    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 2013, 01:45 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1355) | Send Message
     
    So the answer is no we are not in a recession?
    16 Feb 2013, 02:50 PM Reply Like
  • Russ Winter
    , contributor
    Comments (690) | Send Message
     
    It is not just the 2% payroll tax reversal, gasoline futures are up 50 cents since mid-December.
    15 Feb 2013, 07:18 PM Reply Like
  • Kyle Spencer
    , contributor
    Comments (1239) | Send Message
     
    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 2013, 10:17 PM Reply Like
  • KJP712
    , contributor
    Comments (469) | Send Message
     
    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 2013, 12:07 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    "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 2013, 06:27 AM Reply Like
  • KJP712
    , contributor
    Comments (469) | Send Message
     
    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 2013, 04:09 PM Reply Like
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