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Oldman166

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  • A number of retailers are setting up shop in Mexico to test the waters with stand-alone stores amid an alluring decline in tariffs in the nation. The aspirational aspect of  young Mexican consumers bodes well for Gap (GPS), American Eagle Outfitters (AEO), Hennes & Mauritz (HMRZF.PK), and Forever 21 - but the influx of new retailers has cut into sales for the local arm of Wal-Mart (WMT). [View news story]
    Good....glad to see they are effecting Walmart!
    May 30, 2013. 03:56 PM | Likes Like |Link to Comment
  • A new report from Rabobank concludes consumers are trading down when buying groceries or moving up to the premium sector as they slowly abandon the mid-market. It's a trend which could benefit both Wal-Mart (WMT) and Whole Foods Market (WFM) as they continue to chip away at sales at traditional grocery chains (KR, SWY, SVU, RNDY, HTSI) from different directions. [View news story]
    I would NEVER buy food from Walmart. Hell, I dont even SHOP at Walmart. All the disgusting things they do and are doing to their employees and the child labor workers. I don't know how the management can sleep at nite!!!
    May 30, 2013. 03:55 PM | Likes Like |Link to Comment
  • Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's purchasers and program managers to start talking to suppliers about the plans for implementing $46B of automatic cost reductions, which are due to take effect next Friday. The impact of the cuts will be exacerbated by the DOD not receiving an appropriation for this year, with much of its money in the wrong accounts. [View news story]
    Is the Pentagon hiding their monies in these wrong accounts, to get around the cuts?
    Feb 22, 2013. 02:35 PM | Likes Like |Link to Comment
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