Chart usGOLD   Chart usSILVER  
 
Food for thought
Oh what a tangled web we weave,w When first we practise to deceive."
Sir Walter Scott  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1216.932.14
Silver 17.65-0.07
Platinum 1326.251.95
Palladium 800.763.01
WORLD MARKETS
DOWJONES 17173-99
NASDAQ 4528-52
NIKKEI 16206-115
ASX 541648
CAC 40 4443-19
DAX 9750-50
HUI 202-6
XAU 84-2
CURRENCIES (€)
AUS $ 1.4425
CAN $ 1.4167
US $ 1.2850
GBP (£) 0.7848
Sw Fr 1.2074
YEN 139.7310
CURRENCIES ($)
AUS $ 1.1228
CAN $ 1.1021
Euro 0.7783
GBP (£) 0.6108
Sw Fr 0.9396
YEN 108.7420
RATIOS & INDEXES
Gold / Silver68.95
Gold / Oil13.30
Dowjones / Gold14.11
COMMODITIES
Copper 3.060.02
WTI Oil 91.50-0.02
Nat. Gas 3.850.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Walmart Senior VP Asks "Where are All the Customers? And Where’s Their Money?"; "
Published : February 19th, 2013
244 words - Reading time : less than a minute
( 2 votes, 4/5 ) Print article
 
    Comments    
Tweet
Keywords :   Total |

Here's an interesting story from Friday regarding sales at Walmart that just came my way: Wal-Mart Executives Sweat Slow February Start in E-Mails.

Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.

"In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal-Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company"

Murray’s comments about February sales follow disappointing results from January, a month that Cameron Geiger, senior vice president of Wal-Mart U.S. Replenishment, said he was relieved to see end, according to a separate internal e-mail obtained by Bloomberg News.

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Geiger asked in a Feb. 1 e-mail to executives. “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?”

Murray declined to comment and Geiger didn’t return telephone and e-mail messages seeking comment.

Both executives attributed the performance to increased payroll taxes and delayed tax returns, which Geiger called “a potent one-two punch,” according to the e-mails.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Tweet
Rate :Average note :4 (2 votes)View Top rated
Previous article by
Mish
All articles by
Mish
Next article by
Mish
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Mish

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
Mish ArchiveWebsiteSubscribe to his services
Most recent articles by Mish
9/23/2014
9/23/2014
9/22/2014
9/22/2014
9/22/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer